[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: 94-23448]
[[Page Unknown]]
[Federal Register: September 22, 1994]
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DEPARTMENT OF ENERGY
[Docket No. ER94-1394-000]
Valero Power Services Co.; Notice of Issuance of Order
September 16, 1994.
On June 22, 1994 and July 18, 1994, Valero Power Services Company
(Valero) submitted for filing a rate schedule under which Valero will
engage in wholesale electric power and energy transactions as a
marketer. Valero also requested waiver of various Commission
regulations. In particular, Valero requested that the Commission grant
blanket approval under 18 CFR Part 34 of all future issuances of
securities and assumptions of liability by Valero.
On August 24, 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 Valero should file a motion to intervene
or protest with the Federal Energy Regulatory Commission, 825 North
Capitol Street, N.W., 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, Valero 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 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 Valero'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 23, 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. 94-23448 Filed 9-21-94; 8:45 am]
BILLING CODE 6717-01-M
