[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)]
[Notices]
[Page 23430]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11365]
[[Page 23430]]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-1943-000]
Sithe New England Holdings LLC; Notice of Issuance of Order
April 24, 1998.
Sithe New England Holdings LLC (Sithe New England) filed an
application on behalf of Project LLCs (Project LLCs) \1\ for
authorization to sell power at market-based rates, and for certain
waivers and authorizations. In particular, Sithe New England requested
that the Commission grant blanket approval to Project LLCs under 18 CFR
Part 34 of all future issuances of securities and assumptions of
liabilities by Project LLCs. On April 20, 1998, the Commission issued
an Order Conditionally Accepting For Filing Proposed Market-Based Rates
(Order), in the above-docketed proceeding.
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\1\ The Project LLCs are six wholly owned special purpose
subsidiaries for the purpose of holding the acquired generating
assets. Project LLCs consist of Sithe Mystic LLC, Sithe Edgar LLC,
Sithe New Boston LLC, Sithe Framingham LLC, Sithe West Medway LLC
and Sithe Wyman LLC.
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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 (D), (E), and (J):
(D) 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 Project LLCs
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.
(E) Absent a request to be heard within the period set forth in
Ordering Paragraph (D) above, Project LLCs are 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 Project LLCs, 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 Project
LLCs' 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 Reference Branch, 888 First Street, N.E.,
Washington, D.C. 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-11365 Filed 4-28-98; 8:45 am]
BILLING CODE 6717-01-M
