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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 30 - Mineral Resources |
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Chapter V - Bureau of Ocean Energy Management, Department of the Interior |
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SubChapter B - Offshore |
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Part 585 - Renewable Energy and Alternate Uses of Existing Facilities on the Outer Continental Shelf |
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Subpart I - Decommissioning |
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Decommissioning Obligations and Requirements |
§ 585.903 - What are the requirements for decommissioning FERC-licensed hydrokinetic facilities?
Latest version.
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§ 585.903 What are the requirements for decommissioning FERC-licensed hydrokinetic facilities?
You must comply with the decommissioning requirements in your BOEM-issued lease. If you fail to comply with the decommissioning requirements of your lease then:
(a) BOEM may call for the forfeiture of your bond or other financial assurance;
(b) You remain liable for removal or disposal costs and responsible for accidents or damages that might result from such failure; and
(c) BOEM may take enforcement action under § 585.400 of this part.