[Federal Register Volume 67, Number 52 (Monday, March 18, 2002)]
[Notices]
[Pages 12009-12010]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-6444]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket Nos. ER02-973-000]


UBS AG; Notice of Issuance of Order

March 12, 2002.
    UBS AG (UBS) filed with the Commission, in the above-docketed 
proceeding, an application under section 205 of the Federal Power Act 
seeking authority to sell capacity, energy and ancillary services at 
market-based rates. UBS also requested certain waivers and 
authorizations. In particular, UBS requested that the Commission grant 
blanket approval under 18 CFR part 34 of all future issuances of 
securities and assumptions of liabilities by UBS. On March 7, 2002, the 
Commission issued an Order Conditionally Accepting Market-Based Rate 
Schedule (Order). The Commission's Order granted UBS' 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 
UBS 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, UBS 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 UBS, 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 UBS' 
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 April 8, 2002.
    Copies of the full text of the Order are available from the 
Commission's Public Reference Branch, 888 First Street, NE,

[[Page 12010]]

Washington, DC 20426. The Order may also be viewed on the 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.

Magalie R. Salas,
Secretary.
[FR Doc. 02-6444 Filed 3-15-02; 8:45 am]
BILLING CODE 6717-01-P