[Federal Register Volume 60, Number 242 (Monday, December 18, 1995)]
[Notices]
[Pages 65061-65062]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30623]
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DEPARTMENT OF ENERGY
[Docket No. ER96-1-000]
Powertec International, L.L.P.; Notice of Issuance of Order
December 12, 1995.
On October 2, 1995, as amended October 23, 1995, Powertac
International, L.L.P. (Powertec) submitted for filing a rate schedule
under which Powertec will engage in wholesale electric power and energy
transactions as a marketer. Powertec also requested waiver of various
Commission regulations. In particular, Powertec requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liability by Powertec.
On December 1, 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 Powertec 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).
Absent a request for hearing within this period, Powertec 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
[[Page 65062]]
public nor private interests will be adversely affected by continued
approval of Powertec'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 January 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. 95-30623 Filed 12-15-95; 8:45 am]
BILLING CODE 6717-01-M
