[Federal Register Volume 63, Number 15 (Friday, January 23, 1998)]
[Notices]
[Page 3554]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1592]
[[Page 3554]]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-421-000]
Cinergy Services, Inc.; Notice of Issuance of Order
January 16, 1998.
Cinergy Services, Inc. (Cinergy Services) is the service company
for Cinergy Corporation (Cinergy). Cinergy Services, on behalf of
Cinergy's special purpose trading venture, CinCap IV, LLC (CinCap),
filed an application for authorization to engage in the wholesale sale
of electric power at market-based rates, and for certain waivers and
authorizations. In particular, CinCap requested that the Commission
grant blanket approval under 18 CFR Part 34 of all future issuances of
securities and assumptions of liabilities by CinCap. On January 15,
1998, the Commission issued an Order Accepting For Filing Proposed
Market-Based Rates (Order), in the above-docketed proceeding.
The Commission's January 15, 1998 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (C), (D), and (F):
(C) Within 30 days of the date of issuance of this order, any
person desiring to be heard or to protest the Commission's blanket
approval of issuances of securities or assumptions of liabilities by
CinCap should file a motion to intervene or protest with the Federal
Energy Regulatory Commission, 888 First Street, N.E., Washington, D.C.
20426, in accordance with Rules 211 and 214 of the Commission's Rules
of Practice and Procedure, 18 CFR 385.211 and 385.214.
(D) Absent a request to be heard within the period set forth in
Ordering Paragraph (C) above, CinCap is hereby authorized to issue
securities and assume obligations and liabilities as guarantor,
indorser, surety or otherwise in respect of any security of another
person; provided that such issue or assumption is for some lawful
object within the corporate purposes of CinCap, compatible with the
public interest, and reasonably necessary or appropriate for such
purposes.
(F) The Commission reserves the right to modify this order to
require a further showing that neither public nor private interests
will be adversely affected by continued Commission approval of CinCap's
issuances of securities or assumptions of liabilities * * * .
Notice is hereby given that the deadline for filing motions to
intervene or protests, as set forth above, is February 17, 1998.
Copies of the full text of the Order are available from the
Commission's Public Reference Branch, 888 First Street, N.E.,
Washington, D.C. 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-1592 Filed 1-22-98; 8:45 am]
BILLING CODE 6717-01-M
