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UNITED STATES OF AMERICA
FEDERAL ENERGY REGULATORY COMMISSION

Zond Development Corporation ) Docket No. ER97-2532-000
Zond Minnesota Development ) Docket No. ER97-2904-000
Corporation II )
NOTICE OF ISSUANCE OF ORDER
(July 28, 1997)
Zond Development Corporation (Zond) and Zond Minnesota Development Corporation II (Zond Minnesota) are subsidiaries of Enron Corporation and are now affiliated with Portland General Electric Company. Zond and Zond Minnesota have filed applications requesting that the Commission authorize them to engage in wholesale power sales at market-based rates, and for certain waivers and authorizations. In particular, Zond and Zond Minnesota requested that the Commission grant blanket approval under 18 CFR Part 34 of all future issuances of securities and assumptions of liabilities by Zond and Zond Minnesota. On July 17, 1997, the Commission issued an Order Conditionally Accepting For Filing Proposed Market-Based Rates (Order), in the above- docketed proceedings.

The Commission's July 17, 1997 Order granted the request for blanket approval under Part 34, subject to the conditions found in Ordering Paragraphs (F), (G), and (I):

(F) 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 Zond and Zond Minnesota 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.

(G) Absent a request to be heard within the period set forth in Ordering Paragraph (F) above, Zond and Zond Minnesota are hereby authorized, pursuant to section 204 of the FPA, to issue securities and assume obligations or liabilities as guarantor, endorser, 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 Zond and Zond Minnesota, compatible with the public interest, and reasonably necessary or appropriate for such purposes.