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Page 3 <br /> <br />I. PROCEDURES AND SUMMARY OF THE REVIEW PROCESS <br /> <br />With the SL-12 bond release application, CEC applied for Phase II and Phase III bond release of a <br />portion of the Keenesburg Strip Mine under the Colorado Surface Coal Mining and Reclamation Act. <br />CEC requested release of 30.55 acres and $98,287.00. <br /> <br />CEC has previously requested and been approved for eleven bond releases as follows: <br /> <br />1. Bond release SL-0l was approved on August 11, 1998, for Phase I release on 179 acres and <br />Phase II release on 111 acres. The Division approved the release of $1,787,113.00 of the <br />reclamation liability. <br />2. A second bond release application, SL-02, was approved on September 1, 2005. Bond <br />release SL-02 was a Phase I bond release on 51.76 acres. The Division approved <br />$146,955.00 for release from the reclamation liability for Phase I bond release on ten <br />reclamation parcels. <br />3. A third bond release application, SL-03, was approved on April 18, 2006. Bond release <br />SL-03 was a Phase II bond release on 53.90 acres. The Division approved the release of <br />$157,573.80 of the reclamation liability for Phase II bond release on ten reclamation <br />parcels. <br />4. A fourth bond release application, SL-04, was approved on October 19, 2009. Bond release SL- <br />04 was a Phase III bond release on 165.29 acres. The Division approved the release of <br />$167,911.00 of the reclamation liability for Phase III bond release on 17 reclamation parcels. <br />5. A fifth bond release application, SL-05, was approved on September 10, 2010. Bond release SL- <br />05 was a Phase II bond release on 51.05 acres. The Division approved the release of <br />$120,385.00 of the reclamation liability for Phase II bond release on 11 reclamation parcels. <br />6. A sixth bond release application, SL-06, was approved on January 4, 2012. Bond release SL-06 <br />was a Phase III bond release on 42.29 acres. The Division approved the release of $44,735.78 of <br />the reclamation liability for Phase III bond release on nine reclamation parcels. <br />7. A seventh bond release application, SL-07, was approved on April 2, 2015. Bond release SL-07 <br />was a Phase I bond release on 27.10 acres. The Division approved the release of $342,547.09 of <br />the reclamation liability for Phase I bond release on three reclamation parcels. <br />8. An eighth bond release application, SL-08, was approved on February 8, 2016. Bond release <br />SL-08 was a Phase I, II, and III bond release on 56.12 acres. The Division approved the release <br />of $431,867.06 of the reclamation liability for Phase I, II, and III bond release of Areas P1 and <br />P2, which had been approved for an industrial post-mining land use. <br />9. A ninth bond release application, SL-09, was approved on September 6, 2018. Bond release SL- <br />09 was a partial Phase I bond release on 19.38 acres. The Division approved the release of <br />$16,418.87 of the reclamation liability for Phase I bond release of Areas 33 and 34. <br />10. A tenth bond release application, SL-10, was approved on May 26, 2020. Bond release SL-10 <br />was a partial Phase II bond release on 29.84 acres. The Division approved the release of <br />$23,298.95 of the reclamation liability for Phase II release of Areas 31, 32, and 33. <br />11. An eleventh bond release application, SL-11 , was approved on December 1, 2022. Bond release <br />SL-11 was a partial Phase I bond release on 101.28 acres. The Division approved the release of <br />$383,157.00 of the reclamation liability for Phase I release of the B Pit, the reclaimed Long <br />Term Spoil Area, roads, and other areas.