Archer Daniels Midland; Issuance of Order

[Federal Register Volume 64, Number 139 (Wednesday, July 21, 1999)]
[Notices]
[Pages 39120-39121]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-18519]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission
[Docket No. ER99-2792-000]


Archer Daniels Midland; Issuance of Order

July 15, 1999.
    Archer Daniels Midland (ADM), a Delaware corporation engaged in 
procuring, transporting, storing, processing, and selling agricultural 
commodities and products, submitted for filing a Purchase Power 
Agreement (PPA) for sales of energy to Central Illinois Light Company 
(CILCO). ADM's application states that under the PPA, the parties can 
enter into either firm or non-firm transactions and the rate for each 
sale will be negotiated based on the market price of other available 
sources of supply. ADM's PPA also requested certain waivers and 
authorizations. In particular, ADM requested that the Commission grant 
blanket approval under 18 CFR Part 34 of all future issuances of 
securities and assumptions of liabilities by ADM. On July 14, 1999, the 
Commission issued an Order Accepting Proposed Rate Market-Based Rates 
For Filing (Order), in the above-docketed proceeding.
    The Commission's July 14, 1999 Order granted the request for 
blanket approval under Part 34, subject to the conditions found in 
Ordering Paragraphs (D), (E), and (G):
    (D) Within 30 days of the date 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 ADM 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.
    (E) Absent a request to be heard within the period set forth in 
Ordering Paragraph (D) above, ADM 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 ADM,

[[Page 39121]]

compatible with the public interest, and reasonably necessary or 
appropriate for such purposes.
    (G) 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 ADM'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 August 13, 1999.
    Copies of the full text of the Order are available from the 
Commission's Public Reference Branch, 888 First Street, NE, Washington, 
DC 20426.
David P. Boergers,
Secretary.
[FR Doc. 99-18519 Filed 7-20-99; 8:45 am]
BILLING CODE 6717-01-M