[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)]
[Notices]
[Page 23430]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11365]



[[Page 23430]]

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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER98-1943-000]


Sithe New England Holdings LLC; Notice of Issuance of Order

April 24, 1998.
    Sithe New England Holdings LLC (Sithe New England) filed an 
application on behalf of Project LLCs (Project LLCs) \1\ for 
authorization to sell power at market-based rates, and for certain 
waivers and authorizations. In particular, Sithe New England requested 
that the Commission grant blanket approval to Project LLCs under 18 CFR 
Part 34 of all future issuances of securities and assumptions of 
liabilities by Project LLCs. On April 20, 1998, the Commission issued 
an Order Conditionally Accepting For Filing Proposed Market-Based Rates 
(Order), in the above-docketed proceeding.
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    \1\ The Project LLCs are six wholly owned special purpose 
subsidiaries for the purpose of holding the acquired generating 
assets. Project LLCs consist of Sithe Mystic LLC, Sithe Edgar LLC, 
Sithe New Boston LLC, Sithe Framingham LLC, Sithe West Medway LLC 
and Sithe Wyman LLC.
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    The Commission's April 20, 1998 Order granted the request for 
blanket approval under Part 34, subject to the conditions found in 
Ordering Paragraphs (D), (E), and (J):
    (D) 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 Project LLCs 
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, Project LLCs 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 Project LLCs, compatible with 
the public interest, and reasonably necessary or appropriate for such 
purposes.
    (J) 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 Project 
LLCs' 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 May 20, 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. 98-11365 Filed 4-28-98; 8:45 am]
BILLING CODE 6717-01-M