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Licensee Liability Rating (LLR) Program Information Session

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Centennial Place - West Tower - 3rd Floor

Suite 1000 250 5th Street SW

Calgary, AB T2P 0R6

Canada

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In the name of efficiency and continuous improvement the Alberta Energy Regulator’s (AER’s) Closure and Liability branch has begun taking a proactive approach to licensee outreach regarding the Liability Management programs and more specifically the Licensee Liability Rating (LLR) program. August 2015 marked the beginning of monthly LLR information sessions. Stakeholders with questions regarding the LLR program or those individuals interested in learning more are highly encouraged to attend.

In advance, we encourage individuals to read AER Directive 006:Licensee Liability Rating Program and Licence Transfer Process and Directive 011:Licensee Liability Rating Program: Updated Industry Parameters and Liability Costs to ensure a basic understanding of the LLR program.

Information sessions will provide an overview of the LLR program including how parameters are derived, how deemed assets and deemed liabilities are calculated, how a company’s LLR is calculated, available options for managing a companies’ LLR, and details on the LLR Program Management Plan (payment plan). During the session we will be discussing operational components only and will not discuss policy. Each session will include a 30-45 minute presentation by the AER, followed by a 45 minute question and answer period to allow invididuals to ensure their understanding of the programs.

A previous similar session is available to view on the AER website in PDF or video.

Questions regarding these sessions may be directed to LiabilityManagement@aer.ca.

Location

Centennial Place - West Tower - 3rd Floor

Suite 1000 250 5th Street SW

Calgary, AB T2P 0R6

Canada

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