[Federal Register Volume 63, Number 181 (Friday, September 18, 1998)]
[Notices]
[Page 49906]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25020]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER98-3719-000]
People's Electric Corporation; Notice of Issuance of Order
September 14, 1998.
People's Electric Corporation (People's) filed an application
requesting that the Commission authorize it to engage in the wholesale
sale of capacity and energy at market-based rates, and for certain
waivers and authorizations. In particular, People's requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liabilities by People's. On
September 11, 1998, the Commission issued an Order Granting Waiver,
Accepting For Filing Proposed Market-based Rates And Granting Waiver Of
Notice Requirement (Order), in the above-docketed proceeding.
The Commission's September 11, 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 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
People's 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.
(D) Absent a request to be heard within the period set forth in
Ordering Paragraph (C) above, People's 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 People's 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 People'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 13, 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,
Secretary.
[FR Doc. 98-25020 Filed 9-17-98; 8:45 am]
BILLING CODE 6717-0-M
