[Federal Register Volume 61, Number 86 (Thursday, May 2, 1996)]
[Notices]
[Page 19617]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-10873]
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DEPARTMENT OF ENERGY
[Docket No. ER96-924-000]
Direct Access Management, LP; Notice of Issuance of Order
Arpil 26, 1996.
On January 25, 1996, as supplemented on February 20, 1996, Direct
Access Management, LP (Direct Access) submitted for filing a rate
schedule under which Direct Access will engage in wholesale electric
power and energy transactions as a marketer. Direct Access also
requested waiver of various Commission regulations. In particular,
Direct Access requested that the Commission grant blanket approval
under 18 CFR Part 34 of all future issuances of securities and
assumptions of liability by Direct Access.
On April 25, 1996, the Commission issued a letter order that
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 Direct Access 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, Direct Access is
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 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 Direct Access' 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 May 28, 1996.
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. 96-10873 Filed 5-1-96; 8:45 am]
BILLING CODE 6717-01-M
