[Federal Register Volume 62, Number 56 (Monday, March 24, 1997)]
[Notices]
[Page 13875]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-7302]
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DEPARTMENT OF ENERGY
[Docket No. ER97-778-000]
NXIS, LLC; Notice of Issuance of Order
March 18, 1997.
NXIS, LLC (NXIS) submitted for filing a rate schedule under which
NXIS will engage in wholesale electric power and energy transactions as
a marketer. NXIS also requested waiver of various Commission
regulations. In particular, NXIS requested that the Commission grant
blanket approval under 18 CFR Part 34 of all future issuances of
securities and assumptions of liability by NXIS.
On March 17, 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 NXIS 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, NXIS 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 purpose 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 NXIS'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 April 16, 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.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 97-7302 Filed 3-21-97; 8:45 am]
BILLING CODE 6717-01-M
