[Federal Register Volume 61, Number 159 (Thursday, August 15, 1996)]
[Notices]
[Pages 42418-42419]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-20797]


-----------------------------------------------------------------------

DEPARTMENT OF ENERGY
[Docket No. ER96-1618-000]


Progress Power Marketing, Inc.; Notice of Issuance of Order

August 9, 1996.
    Progress Power Marketing, Inc. (Progress Power) filed an 
application for authorization to sell power at market-based rates, and 
for certain waivers and authorizations. In particular, Progress Power 
requested that the Commission grant blanket approval under 18 CFR Part 
34 of all future issuances of securities and assumptions of liabilities 
by Progress Power. On August 2, 1996, the Commission issued an Order 
Conditionally Accepting For Filing Market-Based Rates, Establishing 
Hearing Procedures, And Granting

[[Page 42419]]

Waivers And Authorizations (Order), in the above-docketed proceeding.
    The Commission's August 2, 1996 Order granted the request for 
blanket approval under Part 34, subject to the conditions found in 
Ordering Paragraphs (E), (F), and (H):
    (E) Within 30 days of the date of this order, any person desiring 
to be heard or to protest the Commission's blanket approval of 
issuances of securities or assumptions of liabilities by Progress 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.
    (F) Absent a request to be heard within the period set forth in 
Ordering Paragraph (E) above, Progress Power is hereby authorized 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 the applicant, compatible with 
the public interest, and reasonably necessary or appropriate for such 
purposes.
    (H) 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 approval of Progress 
Power'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 September 3, 1996.
    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. 96-20797 Filed 8-14-96; 8:45 am]
BILLING CODE 6717-01-M