[Federal Register Volume 63, Number 36 (Tuesday, February 24, 1998)]
[Notices]
[Page 9220]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4598]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-1149-000]
Southern Energy Retail Trading and Marketing, Inc.; Notice of
Issuance of Order
February 18, 1998.
Southern Energy Retail Trading and Marketing, Inc. (Southern
Energy) filed an application to engage in the wholesale sale of
electric capacity and energy at market-based rates, and for certain
waivers and authorizations. In particular, Southern Energy requested
that the Commission grant blanket approval under 18 CFR Part 34 of all
future issuances of securities and assumptions of liabilities by
Southern Energy. On February 13, 1998, the Commission issued an Order
Accepting For Filing Proposed Market-Based Rates (Order), in the above-
docketed proceeding.
The Commission's February 13, 1998 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (C), (D), and (F):
(C) Within 30 days after the date of issuance 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
Southern 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 Practice and Procedure, 18 CFR 385.211 and
385.214.
(D) Absent a request to be heard within the period set forth in
Ordering Paragraph (C) above, Southern 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 Southern Energy, compatible
with the public interest, and reasonably necessary or appropriate for
such purposes.
(F) 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 Southern
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 March 16, 1998.
Copies of the full text of the Order are available from the
Commission's Public Reference Branch, 888 First Street, NE.,
Washington, DC 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-4598 Filed 2-23-98; 8:45 am]
BILLING CODE 6717-01-M
