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MMS Takes Next Steps to Issue Leases for Offshore Testing
Source: Posted: 07-29-2008 at 06:00:46
| On Wednesday, July 23, the Minerals Management Service ("MMS") announced that it will proceed with next steps to issue 12 limited leases to conduct wind, wave, and ocean current data collection and technology testing activities on the Outer Continental Shelf ("OCS"). The announcement came two weeks after MMS published its proposed rule governing alternative energy leasing on the OCS for public notice and comment. Because a final rule is not expected until the end of the year, the 5-year, noncompetitive limited leases will be issued under MMS's interim policy for authorizing projects. Limited leases issued under the interim policy will be regulated according to the same rules set-out for limited leases in the proposed rule and will not grant to the lessees any right or priority for commercial development. |
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