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ARTICLE · 19 JUNE 2015

Alberta Energy Regulator Implements The Final Phase Of The LLR Program Changes

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The Alberta Energy Regulator's (the "AER") final phase of changes to the Licensee Liability Rating Program (the "LLR Program") comes into effect on August 1, 2015. The AER's Bulletin 2015-13 (found here) says that the implementation date was delayed from May 1 to August 1, 2015, to give licensees more time to understand the implications of, and prepare for, the Phase-3 program changes in light of current market conditions.

CanadaEnergy and Natural Resources
Chidinma Thompson
Chidinma Thompson
Leah Mangano
Leah Mangano
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The Alberta Energy Regulator's (the "AER") final phase of changes to the Licensee Liability Rating Program (the "LLR Program") comes into effect on August 1, 2015. The AER's Bulletin 2015-13 (found here) says that the implementation date was delayed from May 1 to August 1, 2015, to give licensees more time to understand the implications of, and prepare for, the Phase-3 program changes in light of current market conditions. The AER's revision of the LLR Program was rolled in on May 1, 2013 in Bulletin 2013-09 (found here),with implementation phased over a three-year period effective in May of each year. This post reviews the LLR Program changes in the last two years, the final phase coming into force in August, and the implications of the revisions.

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