SPR Standard Sales Provisions

The Department of Energy (DOE or Department) proposes to amend its regulations to require publication of its Standard Sales Provisions for the price competitive sale of petroleum from the Strategic Petroleum Reserve (SPR) on the DOE SPR website. Any subsequent revisions to its Standard Sales Provisions would also be published solely on the DOE SPR website. DOE further proposes that DOE would publish notification in the Federal Register and send notification to registered users in the SPR sales system that DOE has revised its Standard Sales Provisions on the DOE SPR website. Under the proposed rule, Notices of Sale would reference the Standard Sales Provisions published on the DOE SPR website in specifying which contractual terms and conditions, as well as contractor financial and performance responsibility measures, are applicable to that particular sale. The proposed rule is intended to expedite the preparation of and simplify the content of Notices of Sale, which in turn will reduce the administrative burden placed on prospective bidders.