[Federal Register Volume 61, Number 8 (Thursday, January 11, 1996)]
[Notices]
[Page 1028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-401]



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DEPARTMENT OF ENERGY

Paragon Gas Marketing; Notice of Issuance of Order

[Docket No. ER96-380-000]
January 5, 1996.
    On November 16, 1995, Paragon Gas Marketing (Paragon) submitted for 
filing a rate schedule under which Paragon will engage in wholesale 
electric power and energy transactions as a marketer. Paragon also 
requested waiver of various Commission regulations. In particular, 
Paragon requested that the Commission grant blanket approval under 18 
CFR Part 34 of all future issuances of securities and assumptions of 
liability by Paragon.
    On December 20, 1995, 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 Paragon 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, Paragon is 
authorized to issue securities and assume obligations or liabilities as 
a guarantor, indorser, 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 Paragon'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 January 19, 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. 96-401; Filed 1-10-96; 8:45 am]
BILLING CODE 6717-01-M