Designated Company Cost Recovery Regulations

January  8, 2018 – Calgary, Alberta – National Energy Board

The NEB is now soliciting feedback on a Regulatory Proposal for a designated company cost recovery regulation. The purpose of the Regulatory Proposal is to seek feedback on the design of regulations for recovering amounts paid out by the Consolidated Revenue Fund (CRF), when a company has been designated by the Governor in Council (GIC), following an unintended or uncontrolled release.

It proposes that costs should be recovered first from the company responsible for the pipeline from which the release occurred (the designated company), and then the companies who operate pipelines that transport the same commodity or a commodity of the same class. Tax payers should not be responsible for paying the charges back to the CRF in a designated company situation.

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