[Federal Register Volume 63, Number 247 (Thursday, December 24, 1998)]
[Notices]
[Page 71278]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-34072]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER99-198-000]


Constellation Energy Source, Inc.; Notice of Issuance of Order

December 18, 1998.
    Constellation Energy Source, Inc. (CES), a wholly-owned subsidiary 
of Baltimore Gas & Electric Company, filed an application seeking 
Commission authorization to engage in the wholesale sale and brokering 
of electric energy and capacity at market-based rates, and for certain 
waivers and authorizations. In particular, CES requested that the 
Commission grant blanket approval under 18 CFR Part 34 of all future 
issuances of securities and assumptions of liabilities by CES. On 
December 18, 1998, the Commission issued an Order Conditionally 
Accepting For Filing Proposed Market-Based Rates (Order), in the above-
docketed proceeding.
    The Commission's December 18, 1998 Order granted the request for 
blanket 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 
CES 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.
    (F) Absent a request to be heard within the period set forth in 
Ordering Paragraph (E) above, CES 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 CES, 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 CES' 
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 January 19, 1999.
    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,
Secretary.
[FR Doc. 98-34072 Filed 12-23-98; 8:45 am]
BILLING CODE 6717-01-M