[Federal Register Volume 61, Number 185 (Monday, September 23, 1996)]
[Notices]
[Pages 49756-49757]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24328]


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DEPARTMENT OF ENERGY
[Docket No. ER96-1387-000]


New Energy Ventures, Inc.; Notice of Issuance of Order

September 18, 1996.
    New Energy Ventures, Inc. (New Energy) filed an application for 
authorization to sell power at market-based rates, and for certain 
waivers and authorizations. In particular, New Energy requested that 
the Commission grant blanket approval under 18 CFR Part 34 of all 
future issuances of securities and assumptions of liabilities by New 
Energy. On September 6, 1996, the Commission issued an Order Accepting 
for Filing Proposed Market-Based Rates (Order), in the above-docketed 
proceeding.
    The Commission's September 6, 1996 Order granted the request for 
blanket approval under Part 34, subject to the conditions found in 
Ordering Paragraphs (C), (D), and (F):
    (C) Within 30 days of the date of this order, any person desiring 
to be heard or to protest the Commission's blanket

[[Page 49757]]

approval of issuances of securities or assumptions of liabilities by 
New Energy 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.
    (D) Absent a request to be heard within the period set forth in 
Ordering Paragraph (C) above, New Energy is hereby authorized, pursuant 
to section 204 of the FPA, 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 New Energy, compatible with the public interest, and reasonably 
necessary or appropriate for such purposes.
    (F) 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 approved of New 
Energy'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 October 7, 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. 96-24328 Filed 9-20-96; 8:45 am]
BILLING CODE 6717-01-M