[Federal Register Volume 62, Number 46 (Monday, March 10, 1997)]
[Notices]
[Page 10833]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5826]
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DEPARTMENT OF ENERGY
[Docket No. ER97-1315-000]
HorizEn Energy Corp.; Notice of Issuance of Order
March 5, 1997.
HorizEn Energy Corp. (HorizEn) submitted for filing a rate schedule
under which HorizEn will engage in wholesale electric power and energy
transactions as a marketer. HorizEn also requested waiver of various
Commission regulations. In particular, HorizEn requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liability by HorizEn.
On February 24, 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 HorizEn 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, HorizEn 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 of 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 HorizEn'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 March 26, 1997. Copies of
the full text of the order are available from the Commission's Rules
Reference Branch, 888 First Street, N.E. Washington, D.C. 20426.
Lois D. Cashell,
Secretary.
[FR Doc. 97-5826 Filed 3-7-97; 8:45 am]
BILLING CODE 6717-01-M
