[Federal Register Volume 62, Number 81 (Monday, April 28, 1997)]
[Notices]
[Page 22921]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10869]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER97-1414-000]


Niagara Energy & Steam Co., Inc.; Notice of Issuance of Order

April 23, 1997.
    Niagara Energy & Steam Co., Inc. (Niagara Steam) submitted for 
filing a rate schedule under which Niagara steam will engage in 
wholesale electric power and energy transactions as a marketer. Niagara 
Steam also requested waiver of various Commission regulations. In 
particular, Niagara Steam requested that the Commission grant blanket 
approval under 18 CFR Part 34 of all future issuances of securities and 
assumptions of liability by Niagara Steam.
    On April 7, 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 Niagara Steam 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, Niagara Steam 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 Niagara Steam'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 May 7, 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. 97-10869 Filed 4-25-97; 8:45 am]
BILLING CODE 6717-01-M