[Federal Register Volume 61, Number 133 (Wednesday, July 10, 1996)]
[Notices]
[Pages 36360-36361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-17554]
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DEPARTMENT OF ENERGY
[Docket No. ER96-1735-000]
GDK Corporation; Notice of Issuance of Order
July 5, 1996.
GDK Corporation (GDK) submitted for filing a rate schedule under
which GDK will engage in wholesale electric power and energy
transactions as a marketer. GDK also requested waiver of various
Commission regulations. In particular, GDK requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liability by GDK.
On June 26, 1996, pursuant to delegated authority, the Director,
Division of Applications, Office of Electric Power Regulation, 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 GDK should file a motion to intervene or
protest with 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).
[[Page 36361]]
Absent a request for hearing within this period, GDK 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 GDK'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 July 26, 1996.
Copies of the full text of the order are available from the
Commission's Public Reference Branch, 888 First Street, NE, Washington,
DC 20426.
Lois D. Cashell,
Secretary.
[FR Doc. 96-17554 Filed 7-9-96; 8:45 am]
BILLING CODE 6717-01-M
