Wayzata California Power Holdings, LLC (California Power Holdings) filed an application for market-based rate authority, with an accompanying rate tariff. The proposed market-based rate tariff provides for the sale of energy, capacity and certain ancillary services at market-based rates. California Power Holdings also requested waivers of various Commission regulations. In particular, California Power Holdings requested that the Commission grant blanket approval under 18 CFR Part 34 of all future issuances of securities and assumptions of liability by California Power Holdings.
On March 20, 2007, pursuant to delegated authority, the Director, Division of Tariffs and Rates—West, granted the requests for blanket approval under Part 34. The Director's order also stated that the Commission would publish a separate notice in the
Notice is hereby given that the deadline for filing motions to intervene or protest is April 20, 2007.
Absent a request to be heard in opposition by the deadline above, California Power Holdings 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 California Power Holdings, 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 approvals of California Power Holdings' issuance of securities or assumptions of liability.
Copies of the full text of the Director's Order are available from the Commission's Public Reference Room, 888 First Street, NE., Washington, DC 20426. The Order may also be viewed on the Commission's Web site at