[Federal Register Volume 61, Number 227 (Friday, November 22, 1996)]
[Pages 59427-59428]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29885]


[Docket No. ER96-2957-000 and ER96-2958-000]

Northrop Grumman Corporation and Grumman Aerospace Corporation; 
Notice of Issuance of Order

November 19, 1996.
    Northrop Grumman Corporation (Northrop Grumman) and its subsidiary

[[Page 59428]]

Grumman Aerospace Corporation (Grumman) filed a joint application for 
authorization to sell power at market-based rates, and for certain 
waivers and authorizations. In particular, Northrop Grumman and Grumman 
requested that the Commission grant blanket approval under 18 CFR Part 
34 of all future issuances of securities and assumptions of liabilities 
by Northrop Grumman and Grumman. On November 13, 1996, the Commission 
issued an Order Conditionally Accepting For Filing Proposed Market-
Based Rates And Denying Requests For Rejection And Hearing (Order), in 
the above-docketed proceedings.
    The Commission's November 13, 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 Northrop 
Grumman or Grumman 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 
    (F) Absent a request to be heard within the period set forth in 
Ordering Paragraph (E) above, Northrop Grumman and Grumman are 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 Northrop Grumman or Grumman, respectively, compatible with 
the public interest, and reasonably necessary or appropriate for such 
    (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 Northrop 
Grumman's or Grumman'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 December 13, 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,
[FR Doc. 96-29885 Filed 11-21-96; 8:45 am]