[Federal Register Volume 63, Number 118 (Friday, June 19, 1998)]
[Notices]
[Page 33640]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-16297]
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DEPARTMENT OF ENERGY
[Docket No. ER98-2020-000]
Federal Energy Regulatory Commission
Energy Clearinghouse Corporation; Notice of Issuance of Order
June 15, 1998.
Energy Clearinghouse Corporation (ECC) filed an application for
authorization to sell power at market-based rates, and for certain
waivers and authorizations. In particular, ECC requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liabilities by ECC. On June
1, 1998, the Commission issued an Order Accepting for Filing Proposed
Market-Based Rates (Order), in the above-docketed proceeding.
The Commission's June 1, 1998 Order granted the request for blanket
approval under Part 34, subject to the conditions found in Ordering
Paragraphs (D), (E), and (G):
(D) 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
ECC should file a motion to intervene or protest with the Federal
Energy Regulatory Commission, 888 First 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.
(E) Absent a request to be heard within the period set forth in
Ordering Paragraph (D) above, ECC 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 ECC, compatible with the public
interest, and reasonably necessary or appropriate for such purposes.
(G) 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 ECC'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 July 1, 1998. Copies of
the full text of the Order are available from the Commission's Public
Reference Branch, 888 First Street, NE., Washington, DC 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-16297 Filed 6-18-98; 8:45 am]
BILLING CODE 6717-01-M
