[Federal Register Volume 63, Number 137 (Friday, July 17, 1998)]
[Notices]
[Page 38626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19062]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-3052-000]
PowerSource Corp.; Notice of Issuance of Order
July 13, 1998.
PowerSource Corp. (PowerSource) submitted for filing a rate
schedule under which PowerSource will engage in wholesale electric
power and energy transactions as a marketer. PowerSource also requested
waiver of various Commission regulations. In particular, PowerSource
requested that the Commission grant blanket approval under 18 CFR Part
34 of all future issuances of securities and assumptions of liability
by PowerSource.
On July 10, 1998, 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 PowerSource 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, PowerSource 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 PowerSource'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 August 10, 1998. 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.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-19062 Filed 7-16-98; 8:45 am]
BILLING CODE 6717-01-M
