[Federal Register Volume 63, Number 131 (Thursday, July 9, 1998)]
[Notices]
[Page 37102]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-18207]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-3006-000]
K & K Resources, Inc.; Notice of Issuance of Order
July 6, 1998.
K & K Resources, Inc. (K & K) submitted for filing a rate schedule
under which K & K will engage in wholesale electric power and energy
transactions as a marketer. K & K also requested waiver of various
Commission regulations. In particular, K & K requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liability by K & K.
On July 1, 1998, pursuant to delegated authority, the Director,
Division of Rate 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 K & K 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, K & K 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 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 K & K'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 31, 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. 98-18207 Filed 7-8-98; 8:45 am]
BILLING CODE 6717-01-M
