Designated Company Cost Recovery Regulations

On 31 January 2018, the NEB received an email from an interested stakeholder requesting an extension of the deadline for comments on the Designated Company Cost Recovery Regulatory Proposal. This message provides notification that the comment period is extended from 7 February 2018 to 14 February 2018.

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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