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2014-12-12
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Consumer Price Index Adjustments of the Oil Pollution Act of 1990 Limit of Liability for Offshore Facilities
Rules and Regulations
D09002ee1c1740f50
D09002ee1c174109c
United States
Department of the Interior
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org
United States Government Agency or Subagency
United States
Bureau of Ocean Energy Management
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org
United States Government Agency or Subagency
The Oil Pollution Act of 1990 (OPA) establishes a comprehensive regime for addressing the consequences of oil spills, ranging from spill response to compensation for damages to injured parties. Other than deepwater ports subject to the Deepwater Port Act of 1974, the Bureau of Ocean Energy Management (BOEM) is authorized to adjust the limit of liability in OPA for offshore facilities, including pipelines. This rule amends BOEM's regulations to add to the regulations on Oil Spill Financial Responsibility (OSFR) for offshore facilities in order to increase the limit of liability for damages caused by the responsible party for an offshore facility from which oil is discharged, or which poses the substantial threat of an oil discharge, as described in OPA. This rule adjusts the limit of liability to reflect the significant increase in the Consumer Price Index (CPI) that has taken place since 1990. It also establishes a methodology for BOEM to use to periodically adjust the OPA offshore facility limit of liability for inflation. BOEM is hereby increasing the limit of liability for damages under OPA from $75 million to $133.65 million.
79 FR 73832
https://www.govinfo.gov/app/details/FR-2014-12-12/2014-29093
2014-29093
fr12de14-8
RIN 1010-AD87
4310-MR-P
Docket ID: BOEM-2012-0076
https://www.govinfo.gov/app/details/FR-2014-12-12/2014-29093
https://www.govinfo.gov/content/pkg/FR-2014-12-12/html/2014-29093.htm
https://www.govinfo.gov/content/pkg/FR-2014-12-12/pdf/2014-29093.pdf
Administrative Practice and Procedure
Continental Shelf
Economic Analysis
Environmental Impact Statements
Environmental Protection
Financial Responsibility
Government Contracts
Intergovernmental Relations
Investigations
Ocs
Oil and Gas Exploration
Oil Pollution
Liability
Limit of Liability
Penalties
Pipelines
Public Lands-Mineral Resources
Public Lands-Rights-of-Way
Reporting and Recordkeeping Requirements
Surety Bonds
Treasury Securities
10 p.
73832
73841
79 FR 73832
Code of Federal Regulations
Title 30 Part 553
30 CFR Part 553
Regulation Identification Number 1010-AD87
RIN 1010-AD87
Consumer Price Index Adjustments of the Oil Pollution Act of 1990 Limit of Liability for Offshore Facilities; Federal Register Vol. 79, Issue
RULE
2014-29093
DEPARTMENT OF THE INTERIOR
Bureau of Ocean Energy Management
2015-01-12
Docket ID: BOEM-2012-0076
4310-MR-P
2014-29093
Final rule.
The Oil Pollution Act of 1990 (OPA) establishes a comprehensive regime for addressing the consequences of oil spills, ranging from spill response to compensation for damages to injured parties. Other than deepwater ports subject to the Deepwater Port Act of 1974, the Bureau of Ocean Energy Management (BOEM) is authorized to adjust the limit of liability in OPA for offshore facilities, including pipelines. This rule amends BOEM's regulations to add to the regulations on Oil Spill Financial Responsibility (OSFR) for offshore facilities in order to increase the limit of liability for damages caused by the responsible party for an offshore facility from which oil is discharged, or which poses the substantial threat of an oil discharge, as described in OPA. This rule adjusts the limit of liability to reflect the significant increase in the Consumer Price Index (CPI) that has taken place since 1990. It also establishes a methodology for BOEM to use to periodically adjust the OPA offshore facility limit of liability for inflation. BOEM is hereby increasing the limit of liability for damages under OPA from $75 million to $133.65 million.
This final rule is effective January 12, 2015.
Peter Meffert, Office of Policy, Regulations and Analysis (OPRA), Bureau of Ocean Energy Management, Department of the Interior, at 381 Elden Street, MS-4050 Herndon, Virginia 20170-4817 at (703) 787-1610, or email at peter.meffert@boem.gov. Questions related to the limit of liability or the adjustment process should be directed to Dr. Marshall Rose, Chief, Economics Division, Office of Strategic Resources, Bureau of Ocean Energy Management, at 381 Elden Street, MS-4050 Herndon, Virginia 20170-4817 at (703) 787-1538, or email at marshall.rose@boem.gov.
Administrative Practice and Procedure
Continental Shelf
Economic Analysis
Environmental Impact Statements
Environmental Protection
Financial Responsibility
Government Contracts
Intergovernmental Relations
Investigations
Ocs
Oil and Gas Exploration
Oil Pollution
Liability
Limit of Liability
Penalties
Pipelines
Public Lands-Mineral Resources
Public Lands-Rights-of-Way
Reporting and Recordkeeping Requirements
Surety Bonds
Treasury Securities
Consumer Price Index Adjustments of the Oil Pollution Act of 1990 Limit of Liability for Offshore Facilities
,
marshall.rose@boem.gov
peter.meffert@boem.gov
http://www.bls.gov/cpi/cpi1998d.pdf
http://www.bls.gov/cpi/cpifiles/cpiai.txt
www.regulations.gov
Federal Register
Vol. 79, no. 239
Office of the Federal Register, National Archives and Records Administration
2014-12-12
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221 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
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https://www.govinfo.gov/app/details/FR-2014-12-12
P0b002ee18a73e7d2
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr12de14
https://www.govinfo.gov/app/details/FR-2014-12-12
https://www.govinfo.gov/content/pkg/FR-2014-12-12/pdf/FR-2014-12-12.pdf
https://www.govinfo.gov/content/pkg/FR-2014-12-12/xml/FR-2014-12-12.xml
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