[Federal Register Volume 63, Number 5 (Thursday, January 8, 1998)]
[Notices]
[Page 1102]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-402]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-701-000]
California Polar Power Brokers, L.L.C.; Notice of Issuance of
Order
January 2, 1998.
California Polar Power Brokers, L.L.C. (California Brokers)
submitted for filing a rate schedule under which California Brokers
will engage in wholesale electric power and energy transactions as a
marketer. California Brokers also requested waiver of various
Commission regulations. In particular, California Brokers requested
that the Commission grant blanket approval under 18 CFR Part 34 of all
future issuances of securities and assumptions of liability by
California Brokers.
On December 29, 1997, pursuant to delegated authority, the
Director, Division of Rate Applications, Office of Electric Power
Regulation, granted requests for blanket approval under Part 34,
subject to the following:
Within thirty days of the date of the order, any person desiring to
be heard or to protest the blanket approval of issuances of securities
or assumptions of liability by California Brokers 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).
Absent a request for hearing within this period, California Brokers
is authorized to issue securities and assume obligations or liabilities
as a guarantor, endorser, surety, or otherwise in respect of any
security of another person; provided that such issuance or assumption
is for some lawful object within the corporate purposes of the
applicant, and compatible with the public interest, and is reasonably
necessary or appropriate for such purposes.
The Commission reserves the right to require a further showing that
neither public nor private interests will be adversely affected by
continued approval of California Brokers' issuances of securities or
assumptions of liability.
Notice is hereby given that the deadline for filing motions to
intervene or protest, as set forth above, is January 28, 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. 98-402 Filed 1-7-98; 8:45 am]
BILLING CODE 6717-01-M
