Federal Register - August 11, 2021
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Source: Federal Register
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Federal Register / Vol. 86, No. 152 / Wednesday, August 11, 2021 / Rules and Regulations TABLE 2ANNUAL COST SAVINGS OF FINAL RULE AND NPRM COMPAREDContinued Final rule annual cost savings
NPRM cost savings
Population
Cost savings element
Total Private Sector Cost Savings.
Coast Guard
39,395
36,307
3,088
Savings from not having to mail printed manuals and amendments back to facilities.
8,616
7,426
1,190
8,616
7,426
1,190
48,011
43,733
4,278
Total Annual Coast Guard Cost Savings.
Total Private + Government Sector.
Difference
Note: All numbers rounded to nearest whole number. Figures may not sum exactly due to rounding.
Table 3 shows the aggregated nominal and discounted at 7% differences, as well as cost savings on a discounted annualized rate discounted 7% by type of facility, for the entire private sector,
the Coast Guard, and the private sector and Coast Guard combined. Cost savings differ between the final rule and NPRM
for these aggregated figures from approximately 4 percent for LNG/LHG
facilities to 9 percent for MTR facilities to 16 percent for the Coast Guard. For the entire private sector the difference is 9 percent, and for the combined private and public sectors it is 10 percent.
TABLE 3ANNUAL COST SAVINGS OF FINAL RULE AND NPRM COMPARED
Final rule LNG/LHG Facilities:
10-Year Nominal Cost Savings
10-Year Cost Savings Discounted 7%
Annualized Cost Savings Discounted at 7%
MTR Facilities:
10-Year Nominal Cost Savings
10-Year Cost Savings Discounted 7%
Annualized Cost Savings Discounted at 7%
Total Private Sector:
10-Year Nominal Cost Savings
10-Year Cost Savings Discounted 7%
Annualized Cost Savings Discounted at 7%
Coast Guard:
10-Year Nominal Cost Savings
10-Year Cost Savings Discounted 7%
Annualized Cost Savings Discounted at 7%
Total Private Sector + Government Sector:
10-Year Nominal Cost Savings
10-Year Cost Savings Discounted 7%
Annualized Cost Savings Discounted at 7%
NPRM
Difference
% Difference from NPRM
$34,652
24,338
3,465
$33,309
23,394
3,331
$1,343
944
134
4
4
4
359,290
252,350
35,929
329,764
231,612
32,976
29,526
20,738
2,953
9
9
9
393,942
276,689
39,394
363,073
255,007
36,307
30,869
21,682
3,087
9
9
9
86,155
60,512
8,616
74,264
52,160
7,426
11,891
8,352
1,190
16
16
16
480,097
337,200
48,010
437,337
307,167
43,734
42,760
30,033
4,276
10
10
10
Note: All numbers and percentages rounded to nearest whole number or percentage. Figures may not sum exactly due to rounding.
jbell on DSKJLSW7X2PROD with RULES
Alternatives Considered We considered three alternatives. The first is a continuation of current regulations no change. The second is a modification to the current regulations that would require all regulated facilities to submit their required Operations Manuals, Emergency Manuals, and amendments electronically. The third is giving regulated facilities flexibility to submit documentation in either electronic or printed format. We discuss each alternative in more detail in the following sections.
Alternative 1No Change This alternative would require regulated facility operators to continue to submit two printed copies of the
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Operations Manuals and Emergency Manuals, and the COTP to continue to examine these manuals and return them by mail. This alternative would also require facility operators to maintain the manuals in a printed format near the marine transfer areas of their facilities.
This alternative would not result in any cost savings to either industry or the Coast Guard. Therefore, we rejected alternative 1.
Alternative 2All Electronic Format Submissions This alternative would amend regulations to require regulated facility operators to submit only electronic copies of the Operations Manuals and Emergency Manuals, and the COTP to examine these manuals and amendments and return them only
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through email or other electronic means.
Facility operators would not be permitted the option of submitting printed documents. Facilities would have the discretion to keep Operations Manuals and Emergency Manuals in either printed or electronic format at their marine transfer areas.13
Facility operators may experience cost savings greater than projected under alternative 1 or the alternative chosen in this final rule alternative 3 because they would be required to submit their documentation electronically and to maintain electronic copies of all their manuals in the marine transfer areas.
Savings from this alternative would 13 Electronic versions at the marine transfer areas of facilities will be on electronic devices that must comply with applicable electrical safety standards.
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