[Federal Register Volume 62, Number 55 (Friday, March 21, 1997)]
[Notices]
[Page 13603]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-7145]
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DEPARTMENT OF ENERGY
[Docket Nos. ER97-707-000 and ER97-705-000]
Consolidated Edison of New York, Inc. and ProMark Energy, Inc.;
Notice of Issuance of Order
March 17, 1997.
Consolidated Edison of New York, Inc. (ConEd) and ProMark Energy,
Inc. (ProMark) (collectively, Applicants), its affiliated power
marketer, filed separate applications to sell power at market based
rates. ProMark also requested certain waivers and authorizations. In
particular, ProMark requested that the Commission granted blanket
approval under 18 CFR part 34 of all future issuances and assumptions
of liabilities by the ProMark. On March 14, 1997, the Commission issued
an Order Conditionally Accepting For Filing Proposed Market-Based
Rates, Establishing Hearing Procedures And Consolidating Proceedings
(Order), in the above-docketed proceedings.
The Commission's March 14, 1997 Order granted the request for
blanket approval under part 34, subject to the conditions found in
Ordering paragraphs (G), (H), and (J):
(G) 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 ProMark 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.
(H) Absent a request to be heard within the period set forth in
Ordering Paragraph (G) above, ProMark is hereby authorized, pursuant to
section 204 of the FPA, to issue securities and assume obligations and
liabilities as guarantor, endorser, surety, or otherwise in respect of
any security of another person; provided that such issued or assumption
is for some lawful object within the corporate purposes of ProMark,
compatible with the public interest, and reasonably necessary or
appropriate for such purposes.
(J) 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
ProMark'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 April 14, 1997.
Copies of the full text of the Order are available from the
Commission's Public Reference Branch, 888 First Street, NE.,
Washington, DC 20426.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 97-7145 Filed 3-20-97; 8:45 am]
BILLING CODE 6717-01-M
