[Federal Register Volume 60, Number 208 (Friday, October 27, 1995)]
[Notices]
[Page 55019]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26675]
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DEPARTMENT OF ENERGY
[Docket No. ER95-1433-000]
Proler Power Marketing Inc., Notice of Issuance of Order
October 24, 1995.
On July 25, 1995, as amended September 12, 1995, Proler Power
Marketing Inc. (Proler) submitted for filing a rate schedule under
which Proler will engage in wholesale electric power and energy
transactions as a marketer. Proler also requested waiver of various
Commission regulations. In particular, Proler requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liability by Proler.
On October 16, 1995, pursuant to delegated authority, the Director,
Division of 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 Proler should file a motion to intervene
or protest with the Federal Energy Regulatory Commission, 888 First
Street, NE., Washington, DC 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, Proler is
authorized to issue securities and assume obligations or liabilities as
a guarantor, indorser, 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 Proler's issuances of securities or assumptions
of liability.
Notice is hereby given that the deadline for filing motions to
intervene or protests, as set forth above, is November 15, 1995.
Copies of the full text of the order are available from the
Commission's Public Reference Branch, 888 First Street, NE.,
Washington, DC 20426.
Lois D. Cashell,
Secretary.
[FR Doc. 95-26675 Filed 10-26-95; 8:45 am]
BILLING CODE 6717-01-M
