New Step by Step Map For pagbet
New Step by Step Map For pagbet
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BOEM agrees Together with the commenters' assertion that the First foundation bond quantity was resolute many years ago and acknowledges this worth must be reevaluated. For the reason that BOEM did not propose a completely new value from the NPRM and, therefore, are not able to revise it in the ultimate rule, BOEM plans To guage the particular values of the base supplemental monetary assurance for RUEs, ROWs, and leases in a very future rulemaking.
A number of commenters expressed opposition to DOI's proposal, asserting that any co-lessee that doesn't maintain an expenditure grade credit score ranking (or equivalent proxy credit rating rating) should be necessary to deliver supplemental fiscal assurance. Commenters recommended the Division require supplemental economical assurance for their respective Doing work interest shares from all co-lessees that don't maintain an investment decision quality credit ranking for leases that are not exempt determined by the reserve Assessment.
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without the new supplemental financial assurance strategies fully in place), it could acquire lengthier to rearrange click here for decommissioning. Orphaned, unmaintained, or minimally taken care of facilities, which at the moment exist on the OCS, could end in extra environmental destruction or enhanced hurdles to navigation, though awaiting the uncertain outcomes of personal bankruptcy proceedings or Congressional appropriations. In addition, this closing rule offers lessees and grant holders with clarity and regulatory certainty concerning the Start off Printed Web site 31565 way through which BOEM will conduct its economic assurance software.
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P50 and P90) as well as the involved impacts. Moreover, if probabilistic estimates aren't available, BOEM will make use of the accessible deterministic benefit. BOEM been given an array of comments on using the P70 worth which have been talked about generally beneath.
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