[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)]
[Notices]
[Pages 23424-23425]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11364]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-1992-000]
Advanced Energy Systems, Inc.; Notice of Issuance of Order
April 24, 1998.
Advanced Energy Systems, Inc. (Advanced Energy), a wholly-owned
subsidiary of Commonwealth Energy System, has entered into a stock and
asset purchase agreement to acquire Medical Area Total Energy Plant,
Inc. (MATEP) \1\ Advanced Energy filed an application seeking
authority, upon closing, for MATEP to sell its power at market-based
rates pursuant to a wholesale power sales contract with a single
customer, MATEP LLC.\2\, and for certain waivers and authorizations. In
particular, Advanced Energy seeks for MATEP the same waivers and
authorizations under 18 CFR part 34 of all future issuances of
securities and assumptions of liabilities by MATEP as those granted by
the Commission to other power sellers with market-based rate
authorization. On April 20, 1998, the Commission issued an Order
Accepting For Filing Proposed Market-Based Rates (Order), in the above-
docketed proceeding.
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\1\ According to Advanced Energy, MATEP presently is owned by
Harvard University.
\2\ MATEP LLC is a Delaware Limited Liability Company of which
Advanced Energy is the sole member. MATEP LLC, in turn, will sell
power to specific retail customers, including five Boston area
hospitals.
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The Commission's April 20, 1998 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (C), (D), and (F):
(C) Within 30 days of the date of issuance 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
MATEP 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.
(D) Absent a request to be heard within the period set forth in
Ordering Paragraph (C) above, MATEP is hereby authorized to issue
securities and assume obligations and liabilities as guarantor,
indorser, surety or otherwise in respect of any security of another
person; provided that such issue or assumption is for some lawful
object within the corporate purposes of MATEP, compatible with the
public interest, and reasonably necessary or appropriate for such
purposes.
(F) 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 MATEP'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 May 20, 1998.
Copies of the full text of the Order are available from the
Commission's Public
[[Page 23425]]
Reference Branch, 888 First Street, N.E., Washington, D.C. 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-11364 Filed 4-28-98; 8:45 am]
BILLING CODE 6717-01-M
