Pipeline Financial Requirements Regulations

The Canadian Energy Regulator 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

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

Related information

• NRCan website: Pipeline Safety Act Financial Regulations
• Financial Regulation of Group 2 Pipeline Companies – Pipeline Safety Act Amendments

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