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DOE/ENDEP | RIN: 1901-AB29 | Publication ID: Fall 2011 |
Title: Price Competitive Sale of Strategic Petroleum Reserve Petroleum; Standard | |
Abstract: On December 21, 1983, DOE published in the Federal Register a final rule which governs the price competitive sales of petroleum from the Strategic Petroleum Reserve (SPR) in the event that the SPR is drawn down to respond to a severe energy supply interruption or to meet obligations of the United States under the Agreement on an International Energy Program. The final rule provides for the publication and periodic update, as an appendix to the rule, of Standard Sales Provisions (SSPs) containing or describing contract clauses, terms and conditions of sale, and performance and financial responsibility measures, which may be used for particular sales of SPR petroleum. First published in interim final form on January 20, 1984, the SSPs have since been updated several times, with the latest version published in the Federal Register on July 7, 2005 (70 FR 39364). As provided in the rule, DOE has reviewed the current SSPs and made minor revisions to update some provisions regarding procedures, delivery points and dates, payment methods, and increasing the ceiling amount for disputes. | |
Agency: Department of Energy(DOE) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 10 CFR 625 | |
Legal Authority: 42 USC 6201 et seq |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Information URL: www.spr.doe/reports/ssps/ssp.htm | |
RIN Data Printed in the FR: No | |
Agency Contact: Lindsay Partusch Energy Management Specialist Department of Energy Strategic Petroleum Reserve, FE-43, 1000 Independence Avenue SW., Washington, DC 20585 Phone:202 586-5466 Email: lindsay.partusch@hq.doe.gov |