[Federal Register Volume 64, Number 106 (Thursday, June 3, 1999)]
[Notices]
[Pages 29853-29854]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-14029]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER99-2229-000]


California Power Exchange Corp; Issuance of Order

May 28, 1999.
    California Power Exchange Corporation (PX), on behalf of a soon-to-
be established division, CalPX Trading Services (CTS), filed a proposal 
to establish a ``Block-Forward Market'' for the sales and purchases of 
energy for delivery through the PX Day-Ahead Market, to become 
effective on the date that CTS operations commence. The filing requests 
market-based rate treatment for the Block-Forward Market. On behalf of 
CTS, the PX also requested authorizations and waivers of various 
Commission regulations, consistent with those granted other various 
marketers. In particular, the proposal requested that the Commission 
grant blanket approval under 18 CFR part 34 of all future issuances of 
securities and assumptions of liabilities by CTS. On May 26, 1999, the 
Commission issued an Order Accepting For Filing Proposed Block-Forward 
Market, As Modified (Order), in the above-docketed proceeding.
    The Commission's May 26, 1999 Order granted the request for blanket 
approval under part 34, subject to the conditions found in Ordering 
Paragraphs (G), (H), and (I):
    (G) 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 
CTS 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.
    (H) Absent a request to be heard within the period set forth in 
Ordering Paragraph (G) above, CTS is hereby authorized to issue 
securities and

[[Page 29854]]

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 CTS, compatible with the public interest, and reasonably 
necessary or appropriate for such purposes.
    (I) 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 CTS'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 June 25, 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.
Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 99-14029 Filed 6-2-99; 8:45 am]
BILLING CODE 6717-01-M