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A summary of all opinions received about transfers and BOEM's corresponding responses regarding revisions to transfers can be found in section six.two of the Reaction to General public Opinions.

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No responses were gained especially around the proposed amendment to rename the lease-particular abandonment accounts in 30 CFR 556.904 as “Decommissioning Accounts” or maybe the proposed Modification to remove the need to pledge Treasury securities to fund the account prior to the funds equivalent the utmost amount insurable from the FDIC/FSLIC.

A commenter also highlighted that BSEE, in its recent closing rule arising from the Section's 2020 proposed rule, declined to keep an appeal bond provision that might have demanded the putting up of the appeal bond to obtain a continue to be of a BSEE decommissioning buy.

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One commenter asserted that the proposal is a “sort of adverse range towards monetary assurance suppliers because only entities having an elevated risk of default will keep on being in the market for economic assurance devices for instance surety bonds.” Response:

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The Section proposed in 30 CFR 556.901(d) to allow entities that don't have a NRSRO-issued credit score ranking to ask for which the Regional Director identify a proxy credit score score according to audited fiscal information for the most recent fiscal year, which include an earnings statement, a stability sheet, a press release of money flows, and also the auditor's certificate.

BOEM disagrees Together with the commenter's assertion that there “isn't any need to have for” location-huge financial assurance requirements for RUEs. RUE holders have decommissioning duty and not only that of paying out rentals. Space-wide coverage is just not getting needed but currently being presented as an alternative to separately bonding each RUE. In response for the suggestion that BOEM and BSEE should mandate complete ownership filings for ROW and RUEs, we Notice that is certainly exterior the scope of the rulemaking. As reviewed in the preamble for the proposed rule at 88 FR 42144, the proposed rule at 30 CFR 550.166(a)(1) would enable any lessee which includes presently posted region-huge lease monetary assurance to modify that lease surety bond to also deal with any RUE(s) in the region owned by the exact same lessee. A chance to use the realm-large lease fiscal assurance to go over the RUE foundation financial assurance might be subject matter towards the prerequisite that the region-huge lease money assurance might be in an amount equivalent to or increased when compared to the RUE foundation economical assurance requirement.

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