Notice2024-27416
Change in Control: Rio Grande LNG, LLC
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 22, 2024
Issuing agencies
Energy Department
Abstract
The Office of Fossil Energy and Carbon Management (FECM) of the Department of Energy (DOE) gives notice of receipt of a Statement and Notice of Change in Control (Notice) filed by Rio Grande LNG, LLC (Rio Grande LNG) on October 31, 2024. The Notice describes a change in Rio Grande LNG's upstream ownership. The Notice was filed under the Natural Gas Act (NGA).
Full Text
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<title>Federal Register, Volume 89 Issue 226 (Friday, November 22, 2024)</title>
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[Federal Register Volume 89, Number 226 (Friday, November 22, 2024)]
[Notices]
[Pages 92672-92673]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-27416]
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DEPARTMENT OF ENERGY
[Docket No. 15-190-LNG]
Change in Control: Rio Grande LNG, LLC
AGENCY: Office of Fossil Energy and Carbon Management, Department of
Energy.
ACTION: Notice of change in control.
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SUMMARY: The Office of Fossil Energy and Carbon Management (FECM) of
the Department of Energy (DOE) gives notice of receipt of a Statement
and Notice of Change in Control (Notice) filed by Rio Grande LNG, LLC
(Rio Grande LNG) on October 31, 2024. The Notice describes a change in
Rio Grande LNG's upstream ownership. The Notice was filed under the
Natural Gas Act (NGA).
DATES: Protests, motions to intervene, or notices of intervention, as
applicable, and written comments are to be filed as detailed in the
Public Comment Procedures section no later than 4:30 p.m., eastern
time, December 9, 2024.
ADDRESSES:
Electronic Filing by email (Strongly encouraged):
<a href="/cdn-cgi/l/email-protection#0d6b687f6a6c7e4d657c23696268236a627b"><span class="__cf_email__" data-cfemail="ff999a8d989e8cbf978ed19b909ad1989089">[email protected]</span></a>.
Postal Mail, Hand Delivery, or Private Delivery Services (e.g.,
FedEx, UPS, etc.): U.S. Department of Energy (FE-34), Office of
Regulation, Analysis and Engagement, Office of Fossil Energy and Carbon
Management, Forrestal Building, Room 3E-056, 1000 Independence Avenue
SW, Washington, DC 20585.
Due to potential delays in DOE's receipt and processing of mail
sent through the U.S. Postal Service, we encourage respondents to
submit filings electronically to ensure timely receipt.
FOR FURTHER INFORMATION CONTACT:
Jennifer Wade or Peri Ulrey, U.S. Department of Energy (FE-34),
Office of Regulation, Analysis, and Engagement, Office of Resource
Sustainability, Office of Fossil Energy and Carbon Management,
Forrestal Building, Room 3E-042, 1000 Independence Avenue SW,
Washington, DC 20585, (202) 586-4749 or (202) 586-7893,
<a href="/cdn-cgi/l/email-protection#8de7e8e3e3e4ebe8ffa3faece9e8cde5fca3e9e2e8a3eae2fb"><span class="__cf_email__" data-cfemail="2e444b404047484b5c00594f4a4b6e465f004a414b00494158">[email protected]</span></a> or <a href="/cdn-cgi/l/email-protection#324257405b1c475e40574b725a431c565d571c555d44"><span class="__cf_email__" data-cfemail="48382d3a21663d243a2d31082039662c272d662f273e">[email protected]</span></a>.
Cassandra Bernstein, U.S. Department of Energy (GC-76), Office of
the
[[Page 92673]]
Assistant General Counsel for Energy Delivery and Resilience, Forrestal
Building, Room 6D-033, 1000 Independence Avenue SW, Washington, DC
20585, (240) 780-1691, <a href="/cdn-cgi/l/email-protection#a8cbc9dbdbc9c6ccdac986cacddac6dbdccdc1c6e8c0d986ccc7cd86cfc7de"><span class="__cf_email__" data-cfemail="fe9d9f8d8d9f909a8c9fd09c9b8c908d8a9b9790be968fd09a919bd0999188">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Summary of Change in Control
Rio Grande LNG states that, by means of a transaction (Transaction)
that closed on October 1, 2024, its upstream ownership structure has
changed. According to Rio Grande LNG, BlackRock, Inc. (BlackRock), a
publicly traded investment management firm domiciled in the United
States, acquired 100% of the limited liability company interests in
Global Infrastructure Management, LLC (GIM), a global independent
infrastructure fund manager headquartered in New York. GIM indirectly
owns GIP V Velocity Acquisition Partners, L.P. (GIP V Velocity), an
indirect upstream owner of a minimum of 46.12% economic interest in Rio
Grande LNG Intermediate Holdings, LLC (RGIH), which, in turn,
indirectly owns 100% of Rio Grande LNG. Accordingly, as a result of the
Transaction, BlackRock now indirectly owns a minimum of 46.12% economic
interest in RGIH. In sum, Rio Grande LNG states that only the ownership
of GIM is being modified as a result of the Transaction, and there are
no modifications to RGIH's ownership of Rio Grande LNG.
Additional details can be found in the Notice, posted on the DOE
website at: <a href="https://www.energy.gov/sites/default/files/2024-11/Rio%20Grande%20DOE%20CIC%20Filing.pdf">https://www.energy.gov/sites/default/files/2024-11/Rio%20Grande%20DOE%20CIC%20Filing.pdf</a>.
DOE Evaluation
DOE will review the Notice in accordance with its Procedures for
Changes in Control Affecting Applications and Authorizations to Import
or Export Natural Gas (CIC Procedures).\1\ Consistent with the CIC
Procedures, this notice addresses Rio Grande LNG's existing
authorization to export liquefied natural gas (LNG) to countries with
which the United States has not entered into a free trade agreement
(FTA) requiring national treatment for trade in natural gas and with
which trade is not prohibited by United States law or policy (non-FTA
countries), granted in DOE/FE Order No. 4492, as amended.\2\ If no
interested person protests the change in control and DOE takes no
action on its own motion, the proposed change in control will be deemed
granted 30 days after publication in the Federal Register. If one or
more protests are submitted, DOE will review any motions to intervene,
protests, and answers, and will issue a determination as to whether the
proposed change in control has been demonstrated to render the
underlying authorizations inconsistent with the public interest.
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\1\ 79 FR 65541 (Nov. 5, 2014).
\2\ Rio Grande LNG's Notice also applies to its existing
authorization to export LNG to FTA countries in the same docket. DOE
will respond to that portion of the filing separately pursuant to
the CIC Procedures, 79 FR 65542.
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Public Comment Procedures
Interested persons will be provided 15 days from the date of
publication of this notice in the Federal Register to move to
intervene, protest, and answer Rio Grande LNG's Notice.\3\ Protests,
motions to intervene, notices of intervention, and written comments are
invited in response to this notice only as to the change in control
described in the Notice. All protests, comments, motions to intervene,
or notices of intervention must meet the requirements specified by
DOE's regulations in 10 CFR part 590, including the service
requirements.
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\3\ Intervention, if granted, would constitute intervention only
in the change in control portion of these proceedings, as described
herein.
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Filings may be submitted using one of the following methods:
(1) Submitting the filing electronically at <a href="/cdn-cgi/l/email-protection#284e4d5a4f495b684059064c474d064f475e"><span class="__cf_email__" data-cfemail="17717265707664577f663973787239707861">[email protected]</span></a>;
(2) Mailing the filing to the Office of Regulation, Analysis, and
Engagement at the address listed in the ADDRESSES section; or
(3) Hand delivering the filing to the Office of Regulation,
Analysis, and Engagement at the address listed in the ADDRESSES
section.
For administrative efficiency, DOE prefers filings to be filed
electronically. All filings must include a reference to ``Docket No.
15-190-LNG'' in the title line, or ``Rio Grande LNG, LLC Change in
Control'' in the title line.
For electronic submissions: Please include all related documents
and attachments (e.g., exhibits) in the original email correspondence.
Please do not include any active hyperlinks or password protection in
any of the documents or attachments related to the filing. All
electronic filings submitted to DOE must follow these guidelines to
ensure that all documents are filed in a timely manner.
The Notice, and any filed protests, motions to intervene, notices
of intervention, and comments will be available electronically on the
DOE website at <a href="http://www.energy.gov/fecm/regulation">www.energy.gov/fecm/regulation</a>.
Signed in Washington, DC, on November 19, 2024.
Amy R. Sweeney,
Director, Office of Regulation, Analysis, and Engagement, Office of
Resource Sustainability.
[FR Doc. 2024-27416 Filed 11-21-24; 8:45 am]
BILLING CODE 6450-01-P
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