[Federal Register Volume 61, Number 209 (Monday, October 28, 1996)]
[Notices]
[Page 55622]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27577]


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DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER96-2673-000]


AYP Energy, Inc.; Notice of Issuance of Order

October 23, 1996.
    AYP Energy, Inc. (AYP) filed an application for authorization to 
sell power at market-based rates, and for certain waivers and 
authorizations. In particular, AYP requested that the Commission grant 
blanket approval under 18 CFR Part 34 of all future issuances of 
securities and assumptions of liabilities by AYP. On October 8, 1996, 
the Commission issued an Order Conditionally Accepting For Filing 
Proposed Market-Based Rates (Order), in the above-docketed proceeding.
    The Commission's October 8, 1996 Order granted the request for 
blanket approval under Part 34, subject to the conditions found in 
Ordering Paragraphs (E), (F), and (H):
    (E) Within 30 days of the date of this order, any person desiring 
to be heard or to protest the Commission's blanket approval of 
issuances of securities or assumptions of liabilities by AYP 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.
    (F) Absent a request to be heard within the period set forth in 
Ordering Paragraph (E) above, AYP is hereby authorized, pursuant to 
Section 204 of the FPA, to issue securities and assume obligations and 
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 AYP, 
compatible with the public interest, and reasonably necessary or 
appropriate for such purposes.
    (H) 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 approval of AYP'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 November 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. 96-27577 Filed 10-25-96; 8:45 am]
BILLING CODE 6717-01-M