Rules and Regulations. DEPARTMENT OF ENERGY
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/register/2002/02/06/02-2817A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 6717-01-P DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. ER01-2928-000, 001, and 002] Progress Ventures, Inc.; Notice of Issuance of Order January 31, 2002. Progress Ventures, Inc. 1 (Progress Ventures) submitted for filing a tariff that provides for the sales of capacity, energy, and ancillary services at market-based rates and for the reassignment of transmission capacity. Progress Ventures also requested waiver of various Commission regulations.
In particular, Progress Ventures requested that the Commission grant blanket approval under 18 CFR part 34 of all future issuances of securities and assumptions of liability by Progress Ventures. 1 Progress Ventures is an indirect, wholly-owned subsidiary of Progress Energy, Inc., a registered holding company under the Public Utility Holding Company Act of 1935. Progress Ventures is an intermediate holding company formed to hold 100% indirect interest in certain exempt wholesale generators.
On January 25, 2002, pursuant to delegated authority, the Director, Office of Markets, Tariffs and Rates-East, granted requests for blanket approval under Part 34, subject to the following: Acceptance of Progress Ventures' market-based rate tariff is subject to any tariff condition adopted by the Commission in Docket No. EL01-118-000. Any person desiring to be heard or to protest the blanket approval of issuances of securities or assumptions of liability by Progress Ventures should file a motion to intervene or 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 and 385.214).
Absent a request to be heard in opposition within this period, Progress 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 Progress Ventures, 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 Progress Ventures' 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 February 25, 2002. Copies of the full text of the Order are available from the Commission's Public Reference Branch, 888 First Street, NE, Washington, DC 20426. The Order may also be viewed on the Internet at *http://www.ferc.fed.us/online/rims.htm* (call 202-208-2222 for assistance). 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 at http://www.ferc.fed.us/efi/doorbell.htm. Magalie R. Salas, Secretary. [FR Doc. 02-2817 Filed 2-5-02; 8:45 am]
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