[Federal Register Volume 62, Number 147 (Thursday, July 31, 1997)]
[Notices]
[Page 41038]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-20146]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER97-2532-000 and ER97-2904-000]
Zond Development Corporation and Zond Minnesota Development
Corporation II; Notice of Issuance of Order
July 28, 1997.
Zond Development Corporation (Zond) and Zond Minnesota Development
Corporation II (Zond Minnesota) are subsidiaries of Enron Corporation
and are now affiliated with Portland General Electric Company. Zond and
Zond Minnesota have filed applications requesting that the Commission
authorize them to engage in wholesale power sales at market-based
rates, and for certain waivers and authorizations. In particular, Zond
and Zond Minnesota requested that the Commission grant blanket approval
under 18 CFR Part 34 of all future issuances of securities and
assumptions of liabilities by Zond and Zond Minnesota. On July 17,
1997, the Commission issued an Order Conditionally Accepting For Filing
Proposed Market-Based Rates (Order), in the above-docketed proceedings.
The Commission's July 17, 1997 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (F), (G), and (I):
(F) 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
Zond and Zond Minnesota should file a motion to intervene or protest
with the 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.
(G) Absent a request to be heard within the period set forth in
Ordering Paragraph (F) above, Zond and Zond Minnesota are hereby
authorized, pursuant to section 204 of the FPA, to issue securities and
assume obligations or 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 Zond and Zond Minnesota, compatible with the public
interest, and reasonably necessary or appropriate for such purposes.
(I) 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 Zond's
and Zond Minnesota'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 18, 1997.
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. 97-20146 Filed 7-30-97; 8:45 am]
BILLING CODE 6717-01-M
