[Federal Register Volume 60, Number 193 (Thursday, October 5, 1995)]
[Notices]
[Page 52180]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-24732]
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DEPARTMENT OF ENERGY
[Docket No. ER93-730-000]
Wholesale Power Services, Inc.; Issuance of Order
September 29, 1995.
On June 25, 1993, as amended on July 26, 1995, Wholesale Power
Services, Inc. (Power Services) filed an application seeking authority
to sell electricity at market-based rates to non-affiliate entities and
to broker the sale of power by affiliate entities. Power Services is a
wholly-owned subsidiary of CINergy Investments, Inc. CINergy
Investments, Inc. is a wholly-owned subsidiary of CINergy, Corp., which
is the parent corporation of PSI Energy, Inc. and the Cincinnati Gas &
Electric Company. In addition, Power Services's application requested
waiver of certain Commission regulations.
In particular, Power Services requested that the Commission grant
blanket approval under 18 CFR Part 34 of all future issuances of
securities and assumptions of liabilities by Power Services. On
September 22, 1995, the Commission issued an Order Accepting For Filing
Request For Market-Based Rates, As Modified, And Granting And Denying
Waivers And Authorizations (Order), in the above-docketed proceeding.
The Commission's September 22, 1995 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (D), (E), and (G):
(D) Within 30 days of the date 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 Power Services
should file a motion to intervene or protest with the Federal Energy
Regulatory Commission, 825 North Capitol 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.
(E) Absent a request to be heard within the period set forth in
Ordering Paragraph (D) above, Power Services is authorized to issue
securities and to assume obligations or liabilities as guarantor,
endorser, 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 the applicant, 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 Power
Services' issuance 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 23, 1995.
Copies of the full text of the Order are available from the
Commission's Public Reference Branch, Room 3308, 941 North Capitol
Street, NE., Washington, DC 20426.
Lois D. Cashell,
Secretary.
[FR Doc. 95-24732 Filed 10-4-95; 8:45 am]
BILLING CODE 6717-01-M
