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Notes

30 C.F.R. §§ 585.425–585.429

5 sections in range

§585.425. May I obtain a renewal of my lease or grant before it terminates?

30 C.F.R. § 585.425

You may request renewal of the operations period of your lease or the original authorized period of your grant. BOEM, at its discretion, may approve a renewal request to conduct substantially similar activities as were originally authorized under the lease or grant. BOEM will not approve a renewal request that involves development of a type of renewable energy not originally authorized in the lease or grant. BOEM may revise or adjust payment terms of the original lease, as a condition of lease renewal.
Notes, amendments, and revision history

Source

Source: 89 FR 42736, May 15, 2024, unless otherwise noted.

Authority

Authority: 43 U.S.C. 1337.

Source

Source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.

§585.426. When must I submit my request for renewal?

30 C.F.R. § 585.426

(a)
You must request a renewal from BOEM:
(1)
No later than 180 days before the termination date of your limited lease or grant.
(2)
No later than two years before the termination date of the operations period of your commercial lease.
(b)
You must submit to BOEM all information we request pertaining to your lease or grant and your renewal request.
Notes, amendments, and revision history

Source

Source: 89 FR 42736, May 15, 2024, unless otherwise noted.

Authority

Authority: 43 U.S.C. 1337.

Source

Source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.

§585.427. How long is a renewal?

30 C.F.R. § 585.427

BOEM will set the length of the renewal at the time of renewal on a case-by-case basis.
(a)
For commercial leases, the length of the renewal will not exceed the original operations period unless a longer time is negotiated by the parties.
(b)
For limited leases, the length of the renewal will not exceed the original operations period.
(c)
For RUE and ROW grants, a renewal will continue for as long as the associated activities are conducted and facilities properly maintained and used for the purpose for which the grant was made, unless otherwise expressly stated.
Notes, amendments, and revision history

Source

Source: 89 FR 42736, May 15, 2024, unless otherwise noted.

Authority

Authority: 43 U.S.C. 1337.

Source

Source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.

§585.428. What effect does applying for a renewal have on my activities and payments?

30 C.F.R. § 585.428

If you timely request a renewal:
(a)
You may continue to conduct activities approved under your lease or grant under the original terms and conditions for as long as your request is pending decision by BOEM.
(b)
You may request a suspension of your lease or grant, as provided in § 585.416, while we consider your request.
(c)
For the period BOEM considers your request for renewal, you must continue to make all payments in accordance with the original terms and conditions of your lease or grant.
Notes, amendments, and revision history

Source

Source: 89 FR 42736, May 15, 2024, unless otherwise noted.

Authority

Authority: 43 U.S.C. 1337.

Source

Source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.

§585.429. What criteria will BOEM consider in deciding whether to renew a lease or grant?

30 C.F.R. § 585.429

BOEM will consider the following criteria in deciding whether to renew a lease or grant:
(a)
Design life of existing technology.
(b)
Availability and feasibility of new technology.
(c)
Environmental and safety record of the lessee or grantee.
(d)
Operational and financial compliance record of the lessee or grantee.
(e)
Competitive interest and fair return considerations.
(f)
Effects of the lease or grant on generation capacity and reliability within the regional electrical distribution and transmission system.
(g)
Other relevant factors, as appropriate.
Notes, amendments, and revision history

Source

Source: 89 FR 42736, May 15, 2024, unless otherwise noted.

Authority

Authority: 43 U.S.C. 1337.

Source

Source: 88 FR 6430, Jan. 31, 2023, unless otherwise noted.