[Federal Register Volume 63, Number 177 (Monday, September 14, 1998)]
[Notices]
[Page 49104]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-24509]
[[Page 49104]]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-3934-000]
Clinton Energy Management Services, Inc; Notice of Issuance of
Order
September 8, 1998.
Clinton Energy Management Services, Inc. (Clinton Energy) filed an
application for Commission authorization to engage in wholesale power
sales at market-based rates, and for certain waivers and
authorizations. In particular, Clinton Energy requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liabilities by Clinton
Energy. On September 4, 1998, the Commission issued an Order Accepting
in Part and Rejecting Without Prejudice in Part Proposed Tariffs for
Market-Based Power Sales and Accepting Proposed Tariff for Reassignment
of Transmission Capacity (Order), in the above-docketed proceeding.
The Commission's September 4, 1998 Order granted the request for
blanket approval under Part 34, subject to the conditions found in
Ordering Paragraphs (I), (J), and (L):
(I) Within 0 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 Clinton Energy 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.
(J) Absent a request to be heard within the period set forth in
Ordering paragraph (I) above, Clinton Energy 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 Clinton Energy, compatible with
the public interest and reasonably necessary or appropriate for such
purposes.
(L) 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 Clinton
Energy'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 October 5, 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.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 98-24509 Filed 9-11-98; 8:45 am]
BILLING CODE 6717-01-M
