[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] ----------------------------------------------------------------------- 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