E6-3878. North American Energy Credit and Clearing-Contract Merchant LLC North American Energy Credit and Clearing-Delivery LLC; Notice of Issuance of Order

March 10, 2006.

North American Energy Credit and Clearing—Contract Merchant LLC (Merchant) and North American Energy Credit and Clearing—Delivery LLC (Delivery) filed applications for market-based rate authority with an accompanying rate tariffs. The proposed rate tariffs provide for wholesale sale of capacity, energy and ancillary services at market-based rates. Merchant and Delivery also requested waiver of various Commission regulations. In particular, Merchant and Delivery requested that the Commission grant blanket approval under 18 CFR part 34 of all future issuances of securities and assumptions of liability by Merchant and Delivery.

On March 8, 2006, the Commission granted the request for blanket approval under part 34, subject to the following:

Any person desiring to be heard or to protest the blanket approval of issuances of securities or assumptions of liability by Merchant and Delivery 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, 385.214 (2004).

Notice is hereby given that the deadline for filing motions to intervene or protests, is April 7, 2006.

Absent a request to be heard in opposition by the deadline above, Merchant and Discovery are authorized to issue securities and assume obligations or liabilities as a guarantor, indorser, 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 Merchant and Discovery, 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 Merchant's and Discovery's issuances of securities or assumptions of liability.

Copies of the full text of the Commission's Order are available from the Commission's Public Reference Room, 888 First Street, NE., Washington, DC 20426. The Order may also be viewed on the Commission's Web site at http://www.ferc.gov, using the eLibrary link. Enter the docket number excluding the last three digits in the docket number filed to access the document. Comments, protests, and interventions may be filed electronically via the Internet in lieu of paper. See, 18 CFR 385.2001(a)(1)(iii) and the instructions on the Commission's Web site under the “e-Filing” link. The Commission strongly encourages electronic filings.

Magalie R. Salas,

Secretary.