Ontario Energy Trading International Corporation (Ontario Energy) filed, under section 205 of the Federal Power Act in the above-docketed proceeding, seeking to sell capacity, energy, and ancillary services and to resell transmission capacity, at market based rates. Ontario Energy also requested certain waivers and authorizations. In particular, Ontario Energy requested that the Commission grant blanket approval under 18 CFR Part 34 of all future issuances of securities and assumptions of liabilities by Ontario Energy.
On April 11, 2002, the Commission issued an Order Conditionally Granting Market-Based rate Authority And Granting Waivers (Order) that granted Ontario Energy's 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 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 Ontario Energy 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.
(D) Absent a request to be heard within the period set forth in Ordering Paragraph (C) above, Ontario Energy 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 the Ontario Energy, 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 Ontario Energy'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 May 13, 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.Start Signature
Linwood A. Watson, Jr.,
[FR Doc. 02-9898 Filed 4-22-02; 8:45 am]
BILLING CODE 6717-01-P