Posted on 01/12/2002 9:35:48 AM PST by vmatt
[Federal Register: May 15, 2001 (Volume 66, Number 94)] [Notices] [Page 26849] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr15my01-64]
DEPARTMENT OF ENERGY
Federal Energy Regulatory Commission
[Docket No. ER01-1394-000, et al.]
Enron Energy Services, Inc., et al.; Notice of issuance of Order
May 9, 2001.
Enron Energy Services, Inc., et al. (Enron Energy) submitted for filing a rate schedule under which Enron Energy will engage in wholesale electric power and energy transactions at market-based rates. Enron Energy also requested waiver of various Commission regulations. In particular, Enron Energy requested that the Commission grant blanket approval under 18 CFR Part 34 of all future issuances of securities and assumptions of liability by Enron Energy.
On April 27, 2001, pursuant to delegated authority, the Director, Division of Corporate Applications, Office of Markets, Tariffs and Rates, granted requests for blanket approval under Part 34, subject to the following:
Within thirty days of the date of the order, any person desiring to be heard or to protest the blanket approval of issuances of securities or assumptions of liability by Enron 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).
Absent a request to be heard in opposition within this period, Enron Energy 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 the applicant, and 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 Enron Energy's 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 May 29, 2001. 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 385.200(a)(1)(iii) and the instructions on the Commission's web site at http://www.ferc.fed.us/efi/doorbell.htm.
David P. Boergers, Secretary. [FR Doc. 01-12146 Filed 5-14-01; 8:45 am] BILLING CODE 6717-01-M
On Feb. 2, 2001 the following blanket approval under 18 CFR Part 34 of all future issuances of securities and assumptions of liability were granted pursuant to delegated authority, the Director, Division of Corporate Applications, Office of Markets, Tariffs and Rates:
Mountain View Power Partners
North Carolina Power Holdings
Cottonwood Energy Company
Xcel Energy Services
That just appears to scratch the suface of these types of issuances.
Actually, it seems it would be more unusual if one wasn't granted.
You have it all wrong regarding mrsmith. I assure you he is no disrupter and is only trying to get to the bottom of the info. He is an excellent researcher and will get the raw data out there if he can find it. In my opinion you've done an injustice to mrsmith and I suggest you follow his post for a while and learn about him.
I can't vouch for vmatt as to his/her motives.
There's a difference?
It is very easy to find out this information.
The Federal Energy Regulatory Commission has a five-person board, by law no more than three can be from one party. There is currently one vacancy. Two members were appointed by Clinton, two by Bush. Bush appointed the Chairman, who is the administrative head. No one doubts that Bush appointees are in charge.
On 10/16/01, Bush announced he would nominate someone to fill the vacancy, but the nomination has not been made.
Yes, we have become an oligarchy.
|
|
|
I don't think there's any thing "funny" about the ruling, though in fairness to vmatt, it did sound suspicious.
Exactly.
Had Enron submitted to the regulations they were exempted from they would have been discovered.
"blanket approval of issuances of securities or assumptions of liability by Enron Energy " kinda jumps out at anyone who has been following the attempts to smear Bush with the issue.
vmatt did independent research and found something intriguing.
(If freepers insist he be punished, perhaps a good penalty would be to have him look for "enron AND waiver" in the Register for Clinton's term.
I looked and there are too many entries to begin to examine them all.)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.