[Federal Register Volume 62, Number 147 (Thursday, July 31, 1997)]
[Notices]
[Page 41036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-20147]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER97-2875-000]


Penobscot Bay Energy Company, L.L.C.; Notice of Issuance of Order

July 28, 1997.
    Penobscot Bay Energy Company, L.L.C. (PBEC) submitted for filing a 
rate schedule under which PBEC will engage in wholesale electric power 
and energy transactions as a marketer. PBEC also requested waiver of 
various Commission regulations. In particular, PBEC requested that the 
Commission grant blanket approval under 18 CFR Part 34 of all future 
issuances of securities and assumptions of liability by PBEC.
    On July 21, 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 PBEC should file a motion to intervene 
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, PBEC 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 PBEC'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 August 20, 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. 97-20147 Filed 7-30-97; 8:45 am]
BILLING CODE 6717-01-M