[Federal Register Volume 62, Number 198 (Tuesday, October 14, 1997)]
[Notices]
[Pages 53324-53325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27117]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER97-4116-000]


Inventory Management and Distribution Company, Inc.; Notice of 
Issuance of Order

October 8, 1997.
    Inventory Management and Distribution Company, Inc. (Inventory 
Management) filed an application for authorization to engaged in the 
wholesale sale and brokering of capacity and energy at market-based 
rates, and for certain waivers and authorizations. In particular, 
Inventory Management requested that the Commission grant blanket 
approval under 18 CFR Part 34 of all future issuances of securities and 
assumptions of liabilities by Inventory Management. On September 25, 
1997, the Commission issued an Order Granting Late Intervention and 
Conditionally Accepting for Filing Proposed Market-Based Rates (Order), 
in the above-docketed proceeding.
    The Commission's September 25, 1997 Order granted the request for 
blanked approval under Part 34, subject to the conditions found in 
Ordering Paragraphs (E), (F), and (H):
    (E) Within 30 days of the date of issuance of this order, any 
person desiring to be heard or to protest the Commission's blanket 
approval of issuances of securities or assumptions of liabilities by 
Inventory Management 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.
    (F) Absent a request to be heard within the period set forth in 
Ordering Paragraph (E) above, Inventory Management is hereby authorized 
to issue securities and assume obligations and liabilities as 
guarantor, indorser, surety, or otherwise in respect of any security of 
another person; provided that such issue or assumption is for some 
lawful object within the corporate purposes of Inventory Management, 
compatible with the public interest, and reasonably necessary or 
appropriate for such purposes.
    (H) The Commission reserves the right to modify this order to 
require a further showing that neither public nor private interests 
will be adversely affected by continued Commission approval of 
Inventory Management's issuances of securities or assumptions of 
liabilities * * *.

[[Page 53325]]

    Notice is hereby given that the deadline for filing motions to 
intervene or protests, as set forth above, is October 27, 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. 97-27117 Filed 10-10-97; 8:45 am]
BILLING CODE 6717-01-M