[Federal Register Volume 62, Number 46 (Monday, March 10, 1997)]
[Notices]
[Pages 10834-10835]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5824]
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DEPARTMENT OF ENERGY
[Docket No. ER97-1084-000]
Power Access Management, Notice of Issuance of Order
March 5, 1997.
Power Access Management (PAM) submitted for filing a rate schedule
under which PAM will engage in wholesale electric power and energy
transactions as a marketer. PAM also requested waiver of various
Commission regulations. In particular, PAM requested that the
Commission grant
[[Page 10835]]
blanket approval under 18 CFR Part 34 of all future issuances of
securities and assumptions of liability by PAM.
On February 19, 1997, 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 PAM 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, PAM 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 PAM's issuances of securities or assumptions of
liability.
Notice is hereby given that he deadline for filing motions to
intervene or protests, as set forth above, is March 21, 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. 97-5824 Filed 3-7-97; 8:45 am]
BILLING CODE 6717-01-N
