Multiple commenters typically supported the proposal to permit limiting 3rd-party ensures to a selected amount of money. Response:
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A summary of all comments gained pertaining to transfers and BOEM's corresponding responses pertaining to revisions to transfers are available in section six.2 with the Response to Public Comments.
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BOEM agrees Together with the commenters' assertion which the initial base bond volume was determined many years ago and acknowledges that this price must be reevaluated. Mainly because BOEM didn't propose a fresh worth while in the NPRM and, for that reason, cannot revise it in the ultimate rule, BOEM designs to evaluate the particular values of the base supplemental monetary assurance for RUEs, ROWs, and leases within a foreseeable future rulemaking.
Another progress milestone to the projects will be the submission of applications for Progress Consent Orders, anticipated to become all through the 2nd quarter of 2024.
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A commenter advised that the Department mustn't have to have supplemental bonding for RUEs which have been servicing and connected with large worth leases due to the fact some businesses personal interest inside the reserves affiliated with a RUE granted to maintain a System operational on an expired lease for servicing output on A further lease. Reaction:
This ultimate rule will affect recent and future lessees, sublessees, RUE grant holders, and pipeline ROW grant holders. BOEM's Examination reveals that this includes approximately 391 corporations with document title possession or functioning rights in leases, and with passions in RUE grants and pipeline ROW grants.
There are various external factors which can affect the worth of reserves. BOEM's use of this metric is just to find out the probability that a lease could well be acquired, a result of the price of the reserves left around the lease, by a financially healthful corporation that might then be answerable for lease obligations. Comment: