[Federal Register Volume 62, Number 198 (Tuesday, October 14, 1997)]
[Notices]
[Pages 53323-53324]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27055]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket Nos. ER97-3832-000, ER97-3834-000, and ER97-3835-000]


Detroit Edison Company, DTE Energy Trading, Inc., and DTE-
CoEnergy L.L.C.; Notice of Issuance of Order

October 7, 1997.
    DTE Energy Company, an exempt public utility holding company which 
owns Detroit Edison Company, has formed two new subsidiaries to engage 
in power marketing and related activities. DTE Energy Trading, Inc. 
(DTE Energy Trading) will engage in power marketing and brokering. DTE-
CoEnergy L.L.C. (DTE-CoEnergy) will engage in power marketing. DTE 
Energy Trading and DTE-CoEnergy filed applications for authorization to 
engage in the wholesale sale of electric capacity and energy at market-
based rates and for certain waivers and authorizations. In particular, 
DTE Energy Trading and DTE-CoEnergy requested that the Commission grant 
blanket approval under 18 CFR Part 34 of all future

[[Page 53324]]

issuances of securities and assumptions of liabilities by DTE Energy 
Trading and DTE-CoEnergy. On September 24, 1997, the Commission issued 
an Order Accepting Proposed Market-Based Rates and Conditionally 
Accepting Proposed Cost-Based Rates for Filing (Order), in the above-
docketed proceedings.
    The Commission's September 24, 1997 Order granted the request for 
blanket approved under Part 34, subject to the conditions found in 
Ordering Paragraphs (D), (E), and (G):
    (D) 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 
DTE Energy Trading or DTE-CoEnergy 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.
    (E) Absent a request to be heard within the period set forth in 
Ordering Paragraph (D) above, DTE Energy Trading and DTE-CoEnergy are 
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 DTE Energy 
Trading or DTE-CoEnergy, compatible with the public interest, and 
reasonably necessary or appropriate for such purposes.
    (G) 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 DTE 
Energy Trading's and DTE-CoEnergy'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 October 24, 1997.
    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.
Lois D. Cashell,
Secretary.
[FR Doc. 97-27055 Filed 10-10-97; 8:45 am]
BILLING CODE 6717-01-M