[Federal Register Volume 62, Number 59 (Thursday, March 27, 1997)]
[Notices]
[Page 14680]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-7765]


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DEPARTMENT OF ENERGY
[Docket No. ER97-262-000]


Unocal Corporation; Notice of Issuance of Order

March 21, 1997.
    Unocal Corporation (Unocal) submitted for filing a rate schedule 
under which Unocal will engage in wholesale electric power and energy 
transactions as a marketer. Unocal also requested waiver of various 
Commission regulations. In particular, Unocal requested that the 
Commission grant blanket approval under 18 CFR Part 34 of all future 
issuances of securities and assumptions of liability by Unocal.
    On March 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 Unocal 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, Unocal 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 Unocal'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 April 18, 1997.
    Copies of the full text of the order are available from the 
Commission's Public Reference Branch, 888 First Street, NE., 
Washington, DC 20426.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 97-7765 Filed 3-26-97; 8:45 am]
BILLING CODE 6717-01-M