[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)]
[Notices]
[Pages 23424-23425]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11364]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER98-1992-000]


Advanced Energy Systems, Inc.; Notice of Issuance of Order

April 24, 1998.
    Advanced Energy Systems, Inc. (Advanced Energy), a wholly-owned 
subsidiary of Commonwealth Energy System, has entered into a stock and 
asset purchase agreement to acquire Medical Area Total Energy Plant, 
Inc. (MATEP) \1\ Advanced Energy filed an application seeking 
authority, upon closing, for MATEP to sell its power at market-based 
rates pursuant to a wholesale power sales contract with a single 
customer, MATEP LLC.\2\, and for certain waivers and authorizations. In 
particular, Advanced Energy seeks for MATEP the same waivers and 
authorizations under 18 CFR part 34 of all future issuances of 
securities and assumptions of liabilities by MATEP as those granted by 
the Commission to other power sellers with market-based rate 
authorization. On April 20, 1998, the Commission issued an Order 
Accepting For Filing Proposed Market-Based Rates (Order), in the above-
docketed proceeding.
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    \1\ According to Advanced Energy, MATEP presently is owned by 
Harvard University.
    \2\ MATEP LLC is a Delaware Limited Liability Company of which 
Advanced Energy is the sole member. MATEP LLC, in turn, will sell 
power to specific retail customers, including five Boston area 
hospitals.
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    The Commission's April 20, 1998 Order granted the request for 
blanket approval under Part 34, subject to the conditions found in 
Ordering Paragraphs (C), (D), and (F):
    (C) 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 
MATEP 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.
    (D) Absent a request to be heard within the period set forth in 
Ordering Paragraph (C) above, MATEP 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 MATEP, compatible with the 
public interest, and reasonably necessary or appropriate for such 
purposes.
    (F) 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 MATEP's 
issuances of securities or assumptions of liabilities. * * *
    Notice is hereby given that the deadline for filing motions to 
intervene or protests, as set forth above, is May 20, 1998.
    Copies of the full text of the Order are available from the 
Commission's Public

[[Page 23425]]

Reference Branch, 888 First Street, N.E., Washington, D.C. 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-11364 Filed 4-28-98; 8:45 am]
BILLING CODE 6717-01-M