Clean Air Capital Markets Corporation; Notice of Issuance of Order

DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

[Docket No. ER97-4434-000]

Clean Air Capital Markets Corporation; Notice of Issuance of

Order

December 15, 1997.

Clean Air Capital Markets Corporation (Clean Air) submitted for

filing a rate schedule under which Clean Air will engage in wholesale

electric power and energy transactions as a marketer. Clean Air also

requested waiver of various Commission regulations. In particular,

Clean Air requested that the Commission grant blanket approval under 18

CFR Part 34 of all future issuances of securities and assumptions of

liability by Clean Air.

On December 3, 1997, pursuant to delegated authority, the Director,

Division of Rate Applications, Office of Electric Power Regulation,

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 Clean Air 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).

Absent a request for hearing within this period, Clean Air 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 Clean Air'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 January 2, 1998. Copies

of the full text of the order are available from the Commission's

Public Reference Branch, 888 First Street, N.E., Washington, D.C.

20426.

Lois D. Cashell,

Secretary.

[FR Doc. 97-33158 Filed 12-18-97; 8:45 am]

BILLING CODE 6717-01-M