[Federal Register Volume 62, Number 250 (Wednesday, December 31, 1997)]
[Notices]
[Page 68279]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-34118]
-----------------------------------------------------------------------
DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-459-000]
Banjor Energy Resale, Inc.; Notice of Issuance of Order
December 23, 1997.
Bangor Energy Resale, Inc. (Banjor Energy) filed an application to
engage in wholesale power sales at market-based rates, and for certain
waivers and authorizations. In particular, Bangor Energy requested that
the Commission grant blanket approval under 18 CFR Part 34 of all
future issuances of securities and assumptions of liabilities by Bangor
Energy. On December 23, 1997, the Commission issued an Order
Conditionally Accepting For Filing Proposed Market-Based Rates (Order),
in the above-docketed proceeding.
The Commission's December 23, 1997 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (D), (E), and (G):
(D) 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 Bangor Energy
should file a motion to intervene or protest with the Federal Energy
Regulatory Commission, 888 First Street, NE, Washington, DC 20426, in
accordance with Rules 211 and 214 of the Commission's Rules of
Practices and Procedure, 18 CFR 385.211 and 385.214.
(E) Absent a request to be heard within the period set forth in
Ordering Paragraph (D) above, Bangor Energy is hereby authorized to
issue securities and assume obligations and liabilities as guarantor,
indorser, 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 Bangor Energy, compatible with
the public interest, and reasonably necessary or appropriate for such
purposes.
(G) 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 Bangor
Energy'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 January 22, 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.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 97-34118 Filed 12-30-97; 8:45 am]
BILLING CODE 6717-01-M
