[Federal Register Volume 62, Number 249 (Tuesday, December 30, 1997)]
[Notices]
[Page 67852]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33837]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-242-000]
North American Energy, Inc., Notice of Issuance of Order
December 22, 1997.
North American Energy, Inc. (North American) submitted for filing a
rate schedule under which North American will engage in wholesale
electric power and energy transactions as a marketer. North American
also requested waiver of various Commission regulations. In particular,
North American requested that the Commission grant blanket approval
under 18 CFR Part 34 of all future issuances of securities and
assumptions of liability by North American.
On December 10, 1997, pursuant to delegated authority, the
Director, Division of Rate 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 North American 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, North American 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 North American'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 9, 1998. 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. 97-33837 Filed 12-29-97; 8:45 am]
BILLING CODE 6717-01-M
