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Offshore Renewable Energy Bill

Decommissioning of ORE infrastructure - Decommissioning obligation - Requirements connected to decommissioning obligation

76: Decommissioning cost estimates

You could also call this:

"How much it will cost to clean up after an offshore energy project ends"

Illustration for Offshore Renewable Energy Bill

If you have to decommission infrastructure, you must give the Minister a cost estimate of all the expected decommissioning activities. You do this when you apply for a commercial permit, as part of your application, which is explained in section 26(c). You also do this at times or after events that the regulations say you must, and when the Minister asks you to, within a reasonable time.

The cost estimate must include how much it would cost the government if they had to do the decommissioning. This includes two scenarios: if the government did it according to your proposal, and if they did it to the standard required under section 73(2). Your estimate must follow the standards in the regulations, if there are any, and meet any other requirements the regulations say.

If you give the Minister a cost estimate, they can ask you for more information about it, and you can see section 116 to find out how that information can be used.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS992233.

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Part 3Decommissioning of ORE infrastructure
Decommissioning obligation: Requirements connected to decommissioning obligation

76Decommissioning cost estimates

  1. A person who has a decommissioning obligation in respect of any infrastructure must submit a cost estimate of all expected decommissioning activities (the decommissioning cost estimate) to the Minister—

  2. if they are the applicant for a commercial permit, as part of the application (see section 26(c)); and
    1. at the times, or within a period after the occurrence of any events, that are prescribed by the regulations (if any); and
      1. on request from the Minister, within any reasonable time specified in the request.

        1. The decommissioning cost estimate must—

        2. include estimates of the cost to the Crown—
          1. if the Crown were to carry out decommissioning according to the options described in the decommissioning proposal; and
            1. if the Crown were to carry out decommissioning to the standard required under section 73(2), if that differs from the cost estimate under subparagraph (i); and
            2. comply with the standards prescribed by the regulations (if any) for developing that estimate; and
              1. meet any further requirements prescribed by the regulations (if any).

                1. The Minister may require any person who submits a decommissioning cost estimate to supply further information relating to the cost estimate, in which case, see section 116 (which relates to the use and disclosure of information).