[Federal Register Volume 63, Number 137 (Friday, July 17, 1998)]
[Notices]
[Page 38626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19062]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER98-3052-000]


PowerSource Corp.; Notice of Issuance of Order

July 13, 1998.
    PowerSource Corp. (PowerSource) submitted for filing a rate 
schedule under which PowerSource will engage in wholesale electric 
power and energy transactions as a marketer. PowerSource also requested 
waiver of various Commission regulations. In particular, PowerSource 
requested that the Commission grant blanket approval under 18 CFR Part 
34 of all future issuances of securities and assumptions of liability 
by PowerSource.
    On July 10, 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 PowerSource 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).
    Absent a request for hearing within this period, PowerSource 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 PowerSource'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 10, 1998. 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.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-19062 Filed 7-16-98; 8:45 am]
BILLING CODE 6717-01-M