[Federal Register Volume 66, Number 158 (Wednesday, August 15, 2001)]
[Notices]
[Page 42851]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-20453]



[[Page 42851]]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER01-1821-000]


Power Dynamics, Inc.; Notice of Issuance of Order

August 8, 2001.
    Power Dynamics, Inc. (Power Dynamics) submitted for filing a rate 
schedule under which Power Dynamics will engage in wholesale electric 
power and energy transactions at market-based rates. Power Dynamics 
also requested waiver of various Commission regulations. In particular, 
Power Dynamics requested that the Commission grant blanket approval 
under 18 CFR part 34 of all future issuances of securities and 
assumptions of liability by Power Dynamics.
    On June 12, 2001, pursuant to delegated authority, the Director, 
Division of Corporate Applications, Office of Markets, Tariffs and 
Rates, 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 Power Dynamics 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).
    Absent a request to be heard in opposition within this period, 
Power Dynamics 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 Power Dynamics 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 Power Dynamics' 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 September 7, 2001.
    Copies of the full text of the Order are available from the 
Commission's Public Reference Branch, 888 First Street, NE., 
Washington, DC 20426. The Order may also be viewed on the web at http://www.ferc.gov using the ``RIMS'' link, select ``Docket #'' and follow 
the instructions (call 202-208-2222 for assistance). Comments, protests 
and interventions may be filed electronically via the Internet in lieu 
of paper. See, 18 CFR 385.2001(a)(1)(iii) and the instructions on the 
Commission's web site under the ``e-Filing'' link.

Linwood A. Watson, Jr.,
Acting Secretary.
[FR Doc. 01-20453 Filed 8-14-01; 8:45 am]
BILLING CODE 6717-01-M