[Federal Register Volume 63, Number 118 (Friday, June 19, 1998)]
[Notices]
[Page 33641]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-16301]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER98-2603-000]


Southwood 2000, Inc.; Notice of Issuance of Order

June 15, 1998.
    Southwood 2000, Inc. (Southwood), is a power marketing affiliate of 
Redwood Electric Cooperative and South Central Electric Cooperative, 
rural electric cooperatives engaged in the distribution and sale of 
electric cooperatives engaged in the distribution and sale of electric 
power at retail. Southwood filed an application requesting that the 
Commission authorize it to engage in wholesale power sales at market-
based rates, and for certain waivers and authorizations. In particular, 
Southwood requested that the Commission grant blanket approval under 18 
CFR Part 34 of all future issuances of securities and assumptions of 
liabilities by Southwood. On June 12, 1998, the Commission issued an 
Order Accepting For Filing Proposed Market-Based Rates (Order), in the 
above-docketed proceeding.
    The Commission's June 12, 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 after 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 
Southwood 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.
    (D) Absent a request to be heard within the period set forth in 
Ordering Paragraph (C) above, Southwood 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 Southwood, 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 
Southwood'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 July 13, 1998.
    Copies of the full text of the Order are available from the 
Commission's Public Reference Branch, 888 First Street, NE., 
Washington, DC 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-16301 Filed 6-18-98; 8:45 am]
BILLING CODE 6717-01-M