[Federal Register Volume 62, Number 118 (Thursday, June 19, 1997)]
[Notices]
[Page 33401]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16088]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER97-2679-000]


TerraWatt, Inc.; Notice of Issuance of Order

June 13, 1997.
    TerraWatt, Inc. (TerraWatt) submitted for filing a rate schedule 
under which TerraWatt will engage in wholesale electric power and 
energy transactions as a marketer. TerraWatt also requested waiver of 
various Commission regulations. In particular, TerraWatt requested that 
the Commission grant blanket approval under 18 CFR Part 34 of all 
future issuances of securities and assumptions of liability by 
Terrawatt.
    On May 30, 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 TerraWatt 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, TerraWatt 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 TerraWatt'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 June 30, 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.
Lois D. Cashell,
Secretary.
[FR Doc. 97-16088 Filed 6-18-97; 8:45 am]
BILLING CODE 6717-01-M