[Federal Register Volume 63, Number 94 (Friday, May 15, 1998)]
[Notices]
[Page 27065]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-13002]


-----------------------------------------------------------------------

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. FR98-2270-000]


PEI Power Corporation; Notice of Issuance of Order

May 12, 1998.
    PEI Power Corporation (PEI) submitted for filing a rate schedule 
under which PEI will engage in wholesale electric power and energy 
transactions as a marketer. PEI also requested waiver of various 
Commission regulations. In particular, PEI requested that the 
Commission grant blanket approval under 18 CFR Part 34 of all future 
issuances of securities and assumptions of liability by PEI.
    On May 8, 1998, 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 PEI should file a motion to intervene or 
protest with the Federal Energy Regulatory Commission, 888 First 
Street, NE., 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 the period, PEI is authorized 
to issue securities and assume obligations or liabilities as a 
guarantor, indorser, 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 PEI's issuances of securities or assumptions of 
liability.
    Notice is hereby given that the deadline for filing motions to 
intervene or protest, as set forth above, is June 8, 1998. Copies of 
the full text of the order are available from the Commission's Public 
Reference Branch, 888 First Street, NE., Washington, D.C. 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-13002 Filed 5-14-98; 8:45 am]
BILLING CODE 6717-01-M