[Federal Register Volume 62, Number 198 (Tuesday, October 14, 1997)]
[Notices]
[Pages 53323-53324]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27055]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket Nos. ER97-3832-000, ER97-3834-000, and ER97-3835-000]
Detroit Edison Company, DTE Energy Trading, Inc., and DTE-
CoEnergy L.L.C.; Notice of Issuance of Order
October 7, 1997.
DTE Energy Company, an exempt public utility holding company which
owns Detroit Edison Company, has formed two new subsidiaries to engage
in power marketing and related activities. DTE Energy Trading, Inc.
(DTE Energy Trading) will engage in power marketing and brokering. DTE-
CoEnergy L.L.C. (DTE-CoEnergy) will engage in power marketing. DTE
Energy Trading and DTE-CoEnergy filed applications for authorization to
engage in the wholesale sale of electric capacity and energy at market-
based rates and for certain waivers and authorizations. In particular,
DTE Energy Trading and DTE-CoEnergy requested that the Commission grant
blanket approval under 18 CFR Part 34 of all future
[[Page 53324]]
issuances of securities and assumptions of liabilities by DTE Energy
Trading and DTE-CoEnergy. On September 24, 1997, the Commission issued
an Order Accepting Proposed Market-Based Rates and Conditionally
Accepting Proposed Cost-Based Rates for Filing (Order), in the above-
docketed proceedings.
The Commission's September 24, 1997 Order granted the request for
blanket approved under Part 34, subject to the conditions found in
Ordering Paragraphs (D), (E), and (G):
(D) 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
DTE Energy Trading or DTE-CoEnergy 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.
(E) Absent a request to be heard within the period set forth in
Ordering Paragraph (D) above, DTE Energy Trading and DTE-CoEnergy are
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 DTE Energy
Trading or DTE-CoEnergy, compatible with the public interest, and
reasonably necessary or appropriate for such purposes.
(G) 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 DTE
Energy Trading's and DTE-CoEnergy'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 October 24, 1997.
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.
Lois D. Cashell,
Secretary.
[FR Doc. 97-27055 Filed 10-10-97; 8:45 am]
BILLING CODE 6717-01-M
