There isn't any inconsistency with BSEE choosing never to call for charm bonds with the phase of an order to decommission and BOEM choosing to involve them with the phase of monetary assurance needs. The BSEE conclusion is based largely on the belief that financial assurance is previously in position by the time it troubles decommissioning orders and thus it doesn't encounter the threats that BOEM does at the time of demanding fiscal assurance. See 88 FR 23569, 23579 (April 18, 2023) (noting BSEE's reliance on the fiscal assurance polices for pinpointing an attraction bond just isn't needed for the BSEE method).

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codifying using the BSEE probabilistic estimates of decommissioning Price tag for determining the amount of supplemental economical assurance essential,

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The Section proposed to rename the lease-precise abandonment accounts in 30 CFR 556.904 as “Decommissioning Accounts,” pagbet the terminology employed by the market. This identify improve is intended to get rid of any perceived limitation that such a account can implement to only one lease, and also to signify that these accounts could possibly be used to ensure compliance with supplemental fiscal assurance specifications to get a RUE and ROW grant, in addition to a lease.

The Office proposed in thirty CFR 556.901(d) to permit entities that would not have a NRSRO-issued credit rating to request that the Regional Director decide a proxy credit score rating based on audited financial information and facts for the most recent fiscal calendar year, together with an revenue assertion, a stability sheet, an announcement of cash flows, along with the auditor's certificate.

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Commenters supported the proposal To guage the money wellness of RUE grant holders using the identical criterion as was proposed for oil and gasoline lessees ( i.e.,