[Federal Register Volume 62, Number 144 (Monday, July 28, 1997)]
[Notices]
[Pages 40338-40339]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19786]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER97-2867-000]
The Alternative Current Power Group; Notice of Issuance of Order
July 23, 1997.
The Alternative Current Power Group (ACPG) submitted for filing a
rate schedule under which ACPG will engage in wholesale electric power
and energy transactions as a marketer. ACPG
[[Page 40339]]
also requested waiver of various Commission regulations. In particular,
ACPG requested that the Commission grant blanket approval under 18 CFR
Part 34 of all future issuance of securities and assumptions of
liability by ACPG.
On July 8, 1997, 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 ACPG 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, ACPG is authorized
to issue securities and assume obligations or liabilities as a
guarantor, endorser, 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 ACPG's issuances of securities of assumptions of
liability.
Notice is hereby given that the deadline for filing motions to
intervene or protests, as set forth above, is August 7, 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. 97-19786 Filed 7-25-97; 8:45 am]
BILLING CODE 6717-01-M
