On Wednesday, Aug. 28, the National Energy Board (NEB) became the Canada Energy Regulator (CER). For further information please visit our Implementing the Canadian Energy Regulator Act information page
Pipeline Financial Requirements Regulations
The National Energy Board Act includes absolute liability and financial resource requirements for pipeline companies. Companies operating pipelines are required to maintain financial resources to cover the costs of an unintended or uncontrolled release from a pipeline. Companies will be required to demonstrate and maintain financial resources that match, at a minimum, the amount of absolute liability applicable to them. A portion of the financial resources must be readily accessible to the company.
- Pipeline Financial Requirements Regulations (SOR/2018-142)
- Letter and Final Pipeline Financial Requirement Guidelines
- NRCan website: Pipeline Safety Act Financial Regulations
- Financial Regulation of Group 2 Pipeline Companies – Pipeline Safety Act Amendments
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