[Federal Register Volume 62, Number 120 (Monday, June 23, 1997)]
[Notices]
[Pages 33852-33853]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16302]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket Nos. ER97-2517-000 and ER97-2518-000]
XENERGY, Inc., New York State Electric & Gas Corporation; Notice
of Issuance of Order
June 17, 1997.
New York State Electric & Gas Corporation (NYSEG) and its power
marketer affiliate, XENERGY, Inc., (XENERGY) filed an application for
authorization to sell power at market-based rates, and for certain
waivers and authorization. In particular, XENERGY requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liabilities by XENERGY.
[[Page 33853]]
On June 9, 1997, the Commission issued an Order Accepting Proposed
Market-Based Rates and Cost-Based Rates (as Modified) for Filing
(Order), in the above-docketed proceedings.
The Commission's June 9, 1997 Order granted XENERGY the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (E), (F), and (H):
(E) 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
XENERGY 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.
(F) Absent a request to be heard within the period set forth in
Ordering Paragraph (E) above, XENERGY is hereby authorized, pursuant to
section 204 of the FPA, to issue securities and assume obligations and
liabilities as guarantor, endorser, 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 XENERGY,
compatible with the public interest, and reasonable necessary or
appropriate for such purposes.
(H) 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
XENERGY's issuance 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 9, 1997.
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.
Lois D. Cashell,
Secretary.
[FR Doc. 97-16302 Filed 6-20-97; 8:45 am]
BILLING CODE 6717-U-M
