[Federal Register Volume 61, Number 227 (Friday, November 22, 1996)]
[Notices]
[Pages 59427-59428]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29885]
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DEPARTMENT OF ENERGY
[Docket No. ER96-2957-000 and ER96-2958-000]
Northrop Grumman Corporation and Grumman Aerospace Corporation;
Notice of Issuance of Order
November 19, 1996.
Northrop Grumman Corporation (Northrop Grumman) and its subsidiary
[[Page 59428]]
Grumman Aerospace Corporation (Grumman) filed a joint application for
authorization to sell power at market-based rates, and for certain
waivers and authorizations. In particular, Northrop Grumman and Grumman
requested that the Commission grant blanket approval under 18 CFR Part
34 of all future issuances of securities and assumptions of liabilities
by Northrop Grumman and Grumman. On November 13, 1996, the Commission
issued an Order Conditionally Accepting For Filing Proposed Market-
Based Rates And Denying Requests For Rejection And Hearing (Order), in
the above-docketed proceedings.
The Commission's November 13, 1996 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (E), (F), and (H):
(E) 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 Northrop
Grumman or Grumman 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.
(F) Absent a request to be heard within the period set forth in
Ordering Paragraph (E) above, Northrop Grumman and Grumman are hereby
authorized, pursuant to section 204 of the FPA, to issue securities and
assume obligations and 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 Northrop Grumman or Grumman, respectively, compatible with
the public interest, and reasonably necessary or appropriate for such
purposes.
(H) 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 Northrop
Grumman's or Grumman'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 December 13, 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. 96-29885 Filed 11-21-96; 8:45 am]
BILLING CODE 6717-01-M
