Pipeline Financial Requirements Regulations

The Canadian Energy Regulator Act (CER Act) includes absolute liability and financial resource requirements for pipeline companies. ^Footnote 1 Companies operating pipelines are required to maintain financial resources to cover the costs of an unintended or uncontrolled release from a pipeline. The Pipeline Financial Requirements Regulations require companies 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.

Regulations

• Pipeline Financial Requirements Regulations (SOR/2018-142)

Guidelines

• Pipeline Financial Requirements Guidelines

Financial Resources Documents

As part of the CER’s implementation of financial resources requirements, all CER-regulated pipeline companies have certain requirements. The Guidelines and certain Commission letters have introduced reporting forms and template tables for companies to use, and these are updated occasionally as required. Links to the latest updated versions are provided below.

• Annual Financial Resources Reporting Form
• Template ‘Table 1 - Financial Resources’