[Federal Register Volume 61, Number 185 (Monday, September 23, 1996)]
[Notices]
[Pages 49756-49757]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24328]
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DEPARTMENT OF ENERGY
[Docket No. ER96-1387-000]
New Energy Ventures, Inc.; Notice of Issuance of Order
September 18, 1996.
New Energy Ventures, Inc. (New Energy) filed an application for
authorization to sell power at market-based rates, and for certain
waivers and authorizations. In particular, New Energy requested that
the Commission grant blanket approval under 18 CFR Part 34 of all
future issuances of securities and assumptions of liabilities by New
Energy. On September 6, 1996, the Commission issued an Order Accepting
for Filing Proposed Market-Based Rates (Order), in the above-docketed
proceeding.
The Commission's September 6, 1996 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 this order, any person desiring
to be heard or to protest the Commission's blanket
[[Page 49757]]
approval of issuances of securities or assumptions of liabilities by
New 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.
(D) Absent a request to be heard within the period set forth in
Ordering Paragraph (C) above, New Energy is hereby authorized, pursuant
to section 204 of the FPA, to issue securities and to assume
obligations or liabilities as guarantor, endorser, 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 New Energy, 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 approved of New
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 7, 1996.
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.
Lois D. Cashell,
Secretary.
[FR Doc. 96-24328 Filed 9-20-96; 8:45 am]
BILLING CODE 6717-01-M
