[Federal Register Volume 61, Number 227 (Friday, November 22, 1996)]
[Notices]
[Page 59427]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29868]
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DEPARTMENT OF ENERGY
[Docket No. ER96-2919-000]
Lykes-Duke/Louis Dreyfus, Ltd.; Notice of Issuance of Order
November 18, 1996.
Lykes-Duke/Louis Dreyfus, Ltd. (Lykes-Duke) filed an application
for authorization to sell power at market-based rates, and for certain
waivers and authorizations. In particular, Lykes-Duke requested that
the Commission grant blanket approval under 18 CFR Part 34 of all
future issuances of securities and assumptions of liabilities by Lykes-
Duke. On November 1, 1996, the Commission issued an Order Accepting For
Filing Proposed Market-Based Rates (Order), in the above-docketed
proceeding.
The Commission's November 1, 1996 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 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 Lykes-Duke
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, Lykes-Duke is hereby authorized, pursuant
to section 204 of the FPA, to issue securities and 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
Lykes-Duke, compatible with the public interest, and reasonably
necessary or appropriate for such purposes.
(F) The Commission reserves the right to modify this order and to
require a further showing that neither public nor private interests
will be adversely affected by continued Commission approval of Lykes-
Duke's issuances of securities or assumptions of liabilities * * *.
Notice is hereby given that the deadline for filing motions to
intervent or protests, as set forth above, is December 2, 1996.
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. 96-29868 Filed 11-21-96; 8:45 am]
BILLING CODE 6717-01-M
