[Federal Register Volume 62, Number 46 (Monday, March 10, 1997)]
[Notices]
[Pages 10834-10835]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5824]


-----------------------------------------------------------------------

DEPARTMENT OF ENERGY
[Docket No. ER97-1084-000]


Power Access Management, Notice of Issuance of Order

March 5, 1997.
    Power Access Management (PAM) submitted for filing a rate schedule 
under which PAM will engage in wholesale electric power and energy 
transactions as a marketer. PAM also requested waiver of various 
Commission regulations. In particular, PAM requested that the 
Commission grant

[[Page 10835]]

blanket approval under 18 CFR Part 34 of all future issuances of 
securities and assumptions of liability by PAM.
    On February 19, 1997, 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 PAM 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).
    Absent a request for hearing within this period, PAM 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 PAM's issuances of securities or assumptions of 
liability.
    Notice is hereby given that he deadline for filing motions to 
intervene or protests, as set forth above, is March 21, 1997. 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. 97-5824 Filed 3-7-97; 8:45 am]
BILLING CODE 6717-01-N