[Federal Register Volume 59, Number 85 (Wednesday, May 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10694]
[[Page Unknown]]
[Federal Register: May 4, 1994]
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DEPARTMENT OF ENERGY
[Docket No. ER94-931-000]
PowerNet G.P.; Issuance of Order
April 29, 1994.
On January 24, 1994 and March 16, 1994, PowerNet G.P. (PowerNet)
submitted for filing a rate schedule under which PowerNet will engage
in wholesale electric power and energy transactions as a marketer.
PowerNet also requested waiver of various Commission regulations. In
particular, PowerNet requested that the Commission grant blanket
approval under 18 CFR part 34 of all future issuances of securities and
assumptions of liability by PowerNet.
On April 22, 1994, pursuant to delegated authority, the Director,
Division of Applications, Office of Electric Power Regulation, granted
requests for blanket approval under 18 CFR 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 PowerNet should file a motion to
intervene or protest with the Federal Energy Regulatory Commission, 825
North Capitol 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).
Absent a request for hearing within this period, PowerNet 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 PowerNet'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 May 23, 1994.
Copies of the full text of the order are available from the
Commission's Public Reference Branch, room 3308, 941 North Capitol
Street, NE., Washington, DC 20426.
Lois D. Cashell,
Secretary.
[FR Doc. 94-10694 Filed 5-3-94; 8:45 am]
BILLING CODE 6717-01-P
