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Code of Federal Regulations Title 30. Mineral Resources § 30.585.429 What criteria will BOEM consider in deciding whether to renew a lease or grant?

Current as of January 02, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.585.429 What criteria will BOEM consider in deciding whether to renew a lease or grant? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-585-429/

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