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The Division proposed to add new definitions to the phrases “Assign” and “Transfer” to clarify that these conditions are applied interchangeably during 30 CFR areas 550 and 556. This variation would also serve to explain the associated conditions “transferee” and “transferor” are interchangeable with “assignee” and “assignor” respectively. The definition of the new term “Assign” was proposed to signify conveying an ownership curiosity within an oil, gasoline, or sulfur lease, ROW grant or RUE grant.

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BOEM acknowledges the commenters' assist and agrees that using a credit ranking threshold of expenditure grade strikes the right stability between both equally DOI's and the traditional Electrical power sector's purpose to protect the American taxpayers from publicity to read more economic decline linked to OCS growth and also the stress of giving economical assurance due to lower default chance connected to firms that sustain an investment decision grade credit ranking.

codifying the usage of the BSEE probabilistic estimates of decommissioning Expense for analyzing the amount of supplemental economic assurance demanded,

Commenters typically supported the proposal to permit BOEM to withhold approval of any new transfer or assignment of any lease curiosity right until economic assurance obligations are contented. Response:

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BOEM acknowledges the commenters' help and agrees with the commenters' assertion which the intent from the proposed rule was to permit credit score ratings from Fitch Rankings. The Department has bundled Fitch Rankings and its subsidiaries in the final rule in thirty CFR 556.a hundred and five. Comment:

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