2019-26358. Change in Control; Pieridae Energy (USA) Ltd.  

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    AGENCY:

    Office of Fossil Energy, DOE.

    ACTION:

    Notice of change in control.

    SUMMARY:

    The Office of Fossil Energy (FE) of the Department of Energy (DOE) gives notice of receipt of a Notice of Change in Control (Notice) filed by Pieridae Energy (USA) Ltd. (Pieridae US) in the above-referenced docket on November 6, 2019. The Notice describes changes in the ownership of Pieridae Energy Limited, Pieridae US's parent company.

    DATES:

    Protests, motions to intervene, or notices of intervention, as applicable, and written comments are to be filed using procedures detailed in the Public Comment Procedures section no later than 4:30 p.m., Eastern time, December 23, 2019.

    ADDRESSES:

    Electronic Filing by email: fergas@hq.doe.gov.

    Regular Mail: U.S. Department of Energy (FE-34), Office of Regulation, Analysis, and Engagement, Office of Fossil Energy, P.O. Box 44375, Washington, DC 20026-4375.

    Hand Delivery or Private Delivery Services (e.g., FedEx, UPS, etc.): U.S. Department of Energy (FE-34), Office of Regulation, Analysis, and Engagement, Office of Fossil Energy, Forrestal Building, Room 3E-042, 1000 Independence Avenue SW, Washington, DC 20585.

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    FOR FURTHER INFORMATION CONTACT:

    Benjamin Nussdorf or Amy Sweeney, U.S. Department of Energy (FE-34), Office of Regulation, Analysis, and Engagement, Office of Fossil Energy, Forrestal Building, Room 3E-042, 1000 Independence Avenue SW, Washington, DC 20585, (202) 586-7893; (202) 586-2627, benjamin.nussdorf@hq.doe.gov, amy.sweeney@hq.doe.gov

    Cassandra Bernstein or Kari Twaite, U.S. Department of Energy (GC-76) Office of the Assistant General Counsel for Electricity and Fossil Energy, Forrestal Building, 1000 Independence Avenue SW, Washington, DC 20585, (202) 586-9793; (202) 586-6978, cassandra.bernstein@hq.doe.gov, kari.twaite@hq.doe.gov

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    SUPPLEMENTARY INFORMATION:

    Summary of Change in Control

    The Notice was filed under section 3 of the Natural Gas Act (NGA), 15 U.S.C. 717b. In the Notice, Pieridae US states that it is wholly-owned by Pieridae Energy Limited (Pieridae). Pieridae US states that, on or about October 16, 2019, Pieridae completed an equity offering. Pieridae's shares became listed on the TSX (Venture) Exchange on or about October 24, 2019.

    As a consequence of the offering, Pieridae US states that: (i) Erikson National Energy Inc., a Canadian corporation, acquired beneficial ownership representing approximately 14.7% or more of Pieridae's issued and outstanding common shares; and (ii) Alberta Investment Management Corporation, a Canadian corporation, acquired beneficial ownership representing approximately 10.53% or more of Pieridae's issued and outstanding common shares.[1] Additional details can be found in Pieridae US's Notice, posted on the DOE/FE website at: https://www.energy.gov/​sites/​prod/​files/​2019/​11/​f68/​Change%20in%20Control%20-%20Notification%20-%20FE%20Docket%20No.%2014-179-LNG%20%282019%29.pdf.

    DOE/FE Evaluation

    DOE/FE will review Pieridae US's Notice in accordance with its Procedures for Changes in Control Affecting Applications and Authorizations to Import or Export Natural Gas (CIC Procedures).[2] Consistent with the CIC Procedures, this notice addresses only Pieridae US's final authorization to export liquefied natural gas (LNG) to non-free trade agreement (non-FTA) countries, granted in DOE/FE Order No. 3768 (FE Docket No. 14-179-LNG). If no interested person protests the change in control and DOE takes no action on its own motion, the proposed change in control will be deemed granted 30 days after publication in the Federal Register. If one or more protests are submitted, DOE will review any motions to intervene, protests, and answers, and will issue a determination as to whether the proposed change in control has been demonstrated to render the underlying authorization inconsistent with the public interest.

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    Public Comment Procedures

    Interested persons will be provided 15 days from the date of publication of this notice in the Federal Register in order to move to intervene, protest, and answer Pieridae US's Notice. Protests, motions to intervene, notices of intervention, and written comments are invited in response to this notice only as to the change in control described in Pieridae US's Notice.[3] All protests, comments, motions to intervene, or notices of intervention must meet the requirements specified by DOE's regulations in 10 CFR part 590.

    Filings may be submitted using one of the following methods: (1) Preferred method: Emailing the filing to fergas@hq.doe.gov; (2) mailing an original and three paper copies of the filing to the Office of Regulation, Analysis, and Engagement at the address listed in ADDRESSES; or (3) hand delivering an original and three paper copies of the filing to the Office of Regulation, Analysis, and Engagement at the address listed in ADDRESSES. All filings must include a reference to the individual FE Docket Number(s) in the title line, or Pieridae Energy (USA) Ltd. Change in Control in the title line. Please Note: If submitting a filing via email, please include all related documents and attachments (e.g., exhibits) in the original email correspondence. Please do not include any active hyperlinks or password protection in any of the documents or attachments related to the filing. All electronic filings submitted to DOE must follow these guidelines to ensure that all documents are filed in a timely manner. Any hardcopy filing submitted greater in length than 50 pages must also include, at the time of the filing, a digital copy on disk of the entire submission.

    Pieridae US's Notice and any filed protests, motions to intervene, notices of intervention, and comments are available for inspection and copying in the Office of Regulation, Analysis, and Engagement docket room, Room 3E-042, 1000 Independence Avenue SW, Washington, DC 20585. The docket room is open between the hours of 8:00 a.m. and 4:30 p.m., Monday through Friday, except Federal holidays.

    The Notice and any filed protests, motions to intervene, notices of intervention, and comments will also be available electronically by going to the following DOE/FE Web address: http://www.fe.doe.gov/​programs/​gasregulation/​index.html.

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    Signed in Washington, DC, on December 3, 2019.

    Amy Sweeney,

    Director, Office of Regulation, Analysis, and Engagement, Office of Oil and Natural Gas.

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    Footnotes

    1.  Pieridae US is advised that its described change in control may also require the approval of the Committee on Foreign Investment in the United States (CFIUS). DOE expresses no opinion regarding the need for review by CFIUS. Additional information may be obtained at: http://www.treasury.gov/​resource-center/​international/​Pages/​Committee-on-Foreign-Investment-inUS.aspx.

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    2.  79 FR 65541 (Nov. 5, 2014).

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    3.  Intervention, if granted, would constitute intervention only in the change in control portion of this proceeding, as described herein.

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    [FR Doc. 2019-26358 Filed 12-5-19; 8:45 am]

    BILLING CODE 6450-01-P

Document Information

Published:
12/06/2019
Department:
Energy Department
EntryType:
Notice
Action:
Notice of change in control.
Document Number:
2019-26358
Dates:
Protests, motions to intervene, or notices of intervention, as applicable, and written comments are to be filed using procedures detailed in the Public Comment Procedures section no later than 4:30 p.m., Eastern time, December 23, 2019.
Pages:
66889-66890 (2 pages)
Docket Numbers:
FE Docket No. 14-179-LNG
SectionNoes:
PDF File:
2019-26358.pdf