[Federal Register Volume 62, Number 187 (Friday, September 26, 1997)]
[Notices]
[Page 50564]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25616]
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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER97-3580-000]
First Power, LLC; Notice of Issuance of Order
September 23, 1997.
First Power, LLC (First Power) submitted for filing a rate schedule
under which First Power will engage in wholesale electric power and
energy transactions as a marketer. First Power also requested waiver of
various Commission regulations. In particular, First Power requested
that the Commission grant blanket approval under 18 CFR Part 34 of all
future issuances of securities and assumptions of liability by First
Power.
On September 8, 1997, pursuant to delegated authority, the
Director, Division of Rate 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 First Power should file a motion to
intervene or protest with the Federal Energy Regulatory Commission, 888
First Street, NE., Washington, DC 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, First Power 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 First Power'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 8, 1997. Copies
of the full text of the order are available from the Commission's
Public Reference Branch, 888 First Street, NE., Washington, DC 20426.
Lois D. Cashell,
Secretary.
[FR Doc. 97-25616 Filed 9-25-97; 8:45 am]
BILLING CODE 6717-01-M
