[Federal Register Volume 59, Number 183 (Thursday, September 22, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23447]
[[Page Unknown]]
[Federal Register: September 22, 1994]
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DEPARTMENT OF ENERGY
[Docket No. ER94-1478-000]
Electrade Corp.; Notice of Issuance of Order
September 16, 1994.
On July 21, 1994, Electrade Corporation (Electrade) submitted for
filing a rate schedule under which Electrade will engage in wholesale
electric power and energy transactions as a marketer. Electrade also
requested waiver of various Commission regulations. In particular,
Electrade requested that the Commission grant blanket approval under 18
CFR Part 34 of all future issuances of securities and assumptions of
liability by Electrade.
On August 25, 1994, 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 Electrade should file a motion to
intervene or protest with the Federal Energy Regulatory Commission, 825
North Capitol 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, Electrade is
authorized to issue securities and assume obligations or liabilities as
a guarantor, indorser, 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 interests, 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 Electrade'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 September 26, 1994.
Copies of the full text of the order are available from the
Commission's Public Reference Branch, Room 3308, 941 North Capitol
Street, N.E., Washington, D.C. 20426.
Lois D. Cashell,
Secretary.
[FR Doc. 94-23447 Filed 9-21-94; 8:45 am]
BILLING CODE 6717-01-M
