[Federal Register Volume 61, Number 208 (Friday, October 25, 1996)]
[Notices]
[Page 55283]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27388]


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DEPARTMENT OF ENERGY
[Docket No. ER96-2921-000]


PanEnergy Trading and Market Services, L.L.C.; Notice of Issuance 
of Order

October 21, 1996.
    PanEnergy Trading and Market Services, L.L.C. (PanEnergy) submitted 
for filing a rate schedule under which PanEnergy will engage in 
wholesale electric power and energy transactions as a marketer. 
PanEnergy also requested waiver of various Commission regulations. In 
particular, PanEnergy requested that the Commission grant blanket 
approval under 18 CFR Part 34 of all future issuances of securities and 
assumptions of liability by PanEnergy.
    On October 2, 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 PanEnergy 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, PanEnergy is 
authorized to issue securities and assume obligations or liabilities as 
a guarantor, endorser, 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 PanEnergy'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 November 1, 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. 96-27388 Filed 10-24-96; 8:45 am]
BILLING CODE 6717-01-M