[Federal Register: January 8, 1998 (Volume 63, Number 5)]
[Notices]               
[Page 1105]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08ja98-42]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER98-447-000]

 
Panda Power Corporation; Notice of Issuance of Order

January 2, 1998.
    Panda Power Corporation (Panda) submitted for filing a rate 
schedule under which Panda will engage in wholesale electric power and 
energy transactions as a marketer. Panda also requested waiver of 
various Commission regulations. In particular, Panda requested that the 
Commission grant blanket approval under 18 CFR Part 34 of all future 
issuances of securities and assumptions of liability by Panda.
    On December 22, 1997, pursuant to delegated authority, the 
Director, Division of Rate Applications, Office of Electric Power 
Regulation, 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 Panda should file a motion to intervene 
or protest with the Federal Energy Regulatory Commission, 888 First 
Street, N.E., Washington, D.C. 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 for hearing within this period, Panda 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 the applicant, 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 Panda's 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 January 21, 1998. Copies 
of the full text of the order are available from the Commission's 
Public Reference Branch, 888 First Street, N.E. Washington, D.C. 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-399 Filed 1-1-98; 8:45 am]
BILLING CODE 6717-01-M