[Federal Register Volume 72, Number 125 (Friday, June 29, 2007)]
[Notices]
[Pages 35703-35704]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-12615]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER07-874-000]


Rainbow Energy Ventures LLC; Notice of Issuance of Order

June 22, 2007.
    Rainbow Energy Ventures LLC (Rainbow Ventures) filed an application 
for market-based rate authority, with an accompanying rate schedule. 
The proposed market-based rate schedule provides for the sale of 
energy, capacity and ancillary services at market-based rates. Rainbow 
Ventures also requested waivers of various Commission regulations. In 
particular, Rainbow Ventures requested that the Commission grant 
blanket approval under 18 CFR Part 34 of all future issuances of 
securities and assumptions of liability by Rainbow Ventures.
    On June 19, 2007, pursuant to delegated authority, the Director, 
Division of Tariffs and Market Development--West, granted the requests 
for blanket approval under Part 34 (Director's Order). The Director's 
Order also stated that the Commission would publish a separate notice 
in the Federal Register establishing a period of time for the filing of 
protests. Accordingly, any person desiring to be heard concerning the 
blanket approvals of issuances of securities or assumptions of 
liability by Rainbow Ventures should file a 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, 385.214 (2004).
    Notice is hereby given that the deadline for filing protests is 
July 19, 2007.
    Absent a request to be heard in opposition to such blanket 
approvals by the deadline above, Rainbow Ventures 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 Rainbow Ventures, compatible 
with the

[[Page 35704]]

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 approvals of Rainbow Ventures' issuance of securities or 
assumptions of liability.
    Copies of the full text of the Director's Order are available from 
the Commission's Public Reference Room, 888 First Street, NE., 
Washington, DC 20426. The Order may also be viewed on the Commission's 
Web site at http://www.ferc.gov, using the eLibrary link. Enter the 
docket number excluding the last three digits in the docket number 
filed to access the document. 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. The Commission strongly encourages 
electronic filings.

Kimberly D. Bose,
Secretary.
 [FR Doc. E7-12615 Filed 6-28-07; 8:45 am]
BILLING CODE 6717-01-P