BOEM acknowledges the commenter's support, as well as the Division is finalizing The brand new expression as proposed. Comment:
BOEM acknowledges the commenters' aid for the proposal To guage a potential guarantor utilizing the same credit score or proxy credit rating ranking criterion as proposed for lessees, and also the Division is finalizing this provision in thirty CFR 556.905(a) as proposed. Comment:
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These proposed criteria far better align BOEM's analysis system with approved money hazard evaluation techniques used by the banking and finance market. As talked about during the preamble into the proposed rule (88 FR 42142), eliminating subjective or less precise requirements—such as the length of time in operation to find out organization steadiness or trade references to ascertain reliability in meeting obligations—will simplify the process and remove requirements That usually never properly or continuously predict monetary distress.
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“We’re in all probability speaking about months just before closing conclusions,” pending more information and facts from complex studies and facts from NBI’s Intercontinental companions, Lohi claimed.
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The Division proposed to interchange the term “sulphur” Using the additional modern spelling of “sulfur” throughout the regulatory textual content the place it has not been Earlier modified.
BOEM agrees With all the commenters the decommissioning liability should not be double counted; it isn't the Bureau's intent to double rely the decommissioning legal responsibility. The rules are distinct that BOEM is asking for the discounted price of the reserves ( e.g.,