[Federal Register: July 23, 1998 (Volume 63, Number 141)]
[Notices]               
[Page 39561]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23jy98-52]

-----------------------------------------------------------------------

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER98-3096-000]

 
Pepco Services, Inc.; Notice of Issuance of Order

July 17, 1998.
    Pepco Services, Inc. (Pepco Services), a wholly-owned subsidiary of 
Potomac Capital Investment Corporation which is, in turn, a wholly-
owned subsidiary of Potomac Electric Power Company, filed an 
application for Commission authorization to engage in the marketing of 
energy and power at wholesale and the brokering of energy and capacity 
at wholesale, and for certain waivers and authorizations. In 
particular, Pepco Services requested that the Commission grant blanket 
approval under 18 CFR Part 34 of all future issuances of securities and 
assumptions of liabilities by Pepco Services. On July 16, 1998, the 
Commission issued an Order Accepting For Filing Proposed Market-Based 
Rates (Order), in the above-docket proceeding.
    The Commission's July 16, 1998 Order granted the request for 
blanket approval under Part 34, subject to the conditions found in 
Ordering Paragraphs (C), (D), and (F):
    (C) Within 30 days of the date 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 Pepco Services 
should file a motion to intervene or protest with the Federal 
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.
    (D) Absent a request to be heard within the period set forth in 
Ordering Paragraph (C) above, Pepco Services 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 Pepco Services, compatible with 
the public interest, and reasonably necessary or appropriate for such 
purposes.
    (F) 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 Pepco 
Service'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 August 17, 1998.
    Copies of the full text of the Order are available from the 
Commission's Public Reference Branch, 888 First Street, NE, Washington, 
DC 20426.
David P. Boergers,
Acting Secretary.
[FR Doc. 98-19596 Filed 7-22-98; 8:45 am]
BILLING CODE 6717-01-M