[Federal Register Volume 61, Number 164 (Thursday, August 22, 1996)]
[Notices]
[Page 43352]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-21385]


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DEPARTMENT OF ENERGY
[Docket No. ER96-2141-000]


Preferred Energy Services, Inc.; Notice of Issuance of Order

August 15, 1996.
    Preferred Energy Services, Inc. (PESI) submitted for filing a rate 
schedule under which PESI will engage in wholesale electric power and 
energy transactions as a marketer. PESI also requested waiver of 
various Commission regulations. In particular, PESI requested that the 
Commission grant blanket approval under 18 CFR Part 34 of all future 
issuances of securities and assumptions of liability by PESI.
    On August 13, 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 PESI 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, PESI 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 PESI'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 September 12, 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. 96-21385 Filed 8-21-96; 8:45 am]
BILLING CODE 6717-01-M