[Federal Register Volume 61, Number 185 (Monday, September 23, 1996)]
[Notices]
[Page 49757]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24329]
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DEPARTMENT OF ENERGY
[Docket No. ER96-2303-000]
Power Providers, Inc.; Notice of Issuance of Order
Power Providers, Inc. (PPI) submitted for filing a rate schedule
under which PPI will engage in wholesale electric power and energy
transactions as a marketer. PPI also requested waiver of various
Commission regulations. In particular, PPI requested that the
Commission grant blanket approval under 18 CFR Part 34 of all future
issuances of securities and assumptions of liability by PPI.
On September 3, 1996, 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 PPI 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).
Absent a request for hearing within this period, PPI 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 interest, 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 PPI'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 October 3, 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. 96-24329 Filed 9-20-96; 8:45 am]
BILLING CODE 6717-01-M
