[Federal Register Volume 61, Number 251 (Monday, December 30, 1996)]
[Notices]
[Page 68736]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-33113]
[[Page 68736]]
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DEPARTMENT OF ENERGY
[Docket No. ER96-2879-000]
US Energy, Inc.; Notice of Issuance of Order
December 24, 1996.
US Energy, Inc. (US Energy) submitted for filing a rate schedule
under which US Energy will engage in wholesale electric power and
energy transactions as a marketer. US Energy also requested waiver of
various Commission regulations. In particular, US Energy requested that
the Commission grant blanket approval under 18 CFR Part 34 of all
future issuances of securities and assumptions of liability by US
Energy.
On December 11, 1996, 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 US Energy 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 Procedures (18
CFR 385.211 and 385.214).
Absent a request for hearing within this period, US Energy is
authorized to issue securities and assume obligations or liabilities as
a guarantor, endorser, 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 US Energy'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 10, 1997. 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. 96-33113 Filed 12-27-96; 8:45 am]
BILLING CODE 6717-01-M
