Financial Responsibility Dollar Amount Amendments

Article 2 Oil Spill Financial Responsibility Dollar Amount Amendments

The Public Comment period for this regulation is closed.

Some operators of oil facilities in Alaska are required to have Oil Discharge Prevention and Contingency Plans and to provide proof of financial ability to respond to discharges from those facilities under AS 46.04.040 and AS 46.04.055. Alaska statutes at AS 46.04.045 require the department to adjust financial responsibility proof amounts for those facilities every third year to account for inflation. The adjustment is based on the Consumer Price Index for Anchorage (Urban).

This proposed regulation updates the required Financial Responsibility proof amounts to align with statutory requirements. The proposed regulation includes new dollar amounts that applicants will be required to meet no later than October 1, 2023. The attachment “CPI2023amounts” is provided for informational purposes only, and it includes a table showing the original statutory proof amount and the calculated dollar amount proposed to be effective on October 1, 2023.

This regulation package also proposes to allow electronic-only submissions for certain application requirements.

Please see the linked public notice for complete project information and to comment on the proposed dollar amount and electronic application requirement provisions.

Documents and Links

Would you like to be informed about future proposed changes to Prevention, Preparedness and Response (PPR) regulations in 18 AAC 75? If so, sign up for the PPR regulation listserv.