Ala. Admin. Code r. 400-8-1-.25

Current through Register Vol. 43, No. 3, December 31, 2024

Section 400-8-1-.25 - [Effective 1/11/2025] Storage Facility Change of Operator

1. All proposals for Change of Operator of a storage facility shall be approved only after the filing of a petition for change of operator and subsequent notice and hearing. A storage operator shall pay a filing fee of Fifteen Thousand Dollars ($15,000.00) for a Change of Operator proposal. The petition for Change of Operator of a storage facility must contain the following:

a. The name and address of the person proposed new storage operator.

b. The date that the storage operator desires the proposed transfer to occur.

c. A demonstration of financial assurance by the proposed new storage operator.

d. The consent of the proposed Change of Operator by the current operator.

2. The Board shall conduct a hearing on the petition for Change of Operator to ensure that the purposes of the Alabama Oil and Gas Conservation Laws are promoted. For good cause, the Board may deny a petition for Change of Operator of a storage facility or take other action that the Board deems appropriate.

Ala. Admin. Code r. 400-8-1-.25

Adopted by Alabama Administrative Monthly Volume XLIII, Issue No. 02, November 27, 2024, eff. 1/11/2025.

Author: S. Marvin Rogers

Statutory Authority: 9-17-150 et seq. of the Code of Alabama (1975)