[Federal Register Volume 63, Number 141 (Thursday, July 23, 1998)]
[Notices]
[Page 39561]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19596]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-3096-000]
Pepco Services, Inc.; Notice of Issuance of Order
July 17, 1998.
Pepco Services, Inc. (Pepco Services), a wholly-owned subsidiary of
Potomac Capital Investment Corporation which is, in turn, a wholly-
owned subsidiary of Potomac Electric Power Company, filed an
application for Commission authorization to engage in the marketing of
energy and power at wholesale and the brokering of energy and capacity
at wholesale, and for certain waivers and authorizations. In
particular, Pepco Services requested that the Commission grant blanket
approval under 18 CFR Part 34 of all future issuances of securities and
assumptions of liabilities by Pepco Services. On July 16, 1998, the
Commission issued an Order Accepting For Filing Proposed Market-Based
Rates (Order), in the above-docket proceeding.
The Commission's July 16, 1998 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (C), (D), and (F):
(C) Within 30 days of the date 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 Pepco Services
should file a motion to intervene or protest with the Federal
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.
(D) Absent a request to be heard within the period set forth in
Ordering Paragraph (C) above, Pepco Services 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 Pepco Services, compatible with
the public interest, and reasonably necessary or appropriate for such
purposes.
(F) 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 Pepco
Service'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 August 17, 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. 98-19596 Filed 7-22-98; 8:45 am]
BILLING CODE 6717-01-M
