Bulletin 2017-21 and Directive 067 Changes to Eligibility Requirements for Acquiring and Holding Energy Licences and Approvals

Dec 07 21:12 2017 Print This Article

By Craig Spurn, Kristen Haines and Kimberly J. Howard

On December 6, 2017, the Alberta Energy Regulator (AER) issued Bulletin 2017-21, announcing the release of a new edition of Directive 067: Eligibility Requirements for Acquiring and Holding Energy Licences and Approvals (Directive 067).

Directive 067 was updated to increase the scrutiny applied by the AER in granting licences, and to licence holders generally. The AER stated that this increased scrutiny is aimed at ensuring the privilege of holding licences is “only granted to, and retained by, responsible parties”.  The changes to Directive 067 appear to be another attempt by the AER to address issues stemming from the ongoing litigation pertaining to the Redwater case, which allowed a trustee to disclaim certain uneconomic licenced assets under the provisions of the federal Bankruptcy and Insolvency Act. Commentary on the Redwater decisions can be found here and here.

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Canadian Energy Law Blog

Canadian Energy Perspectives is published by McCarthy Tetrault LLP. McCarthy Tétrault's national energy group serves the full range of participants in the conventional and renewable power sectors, and the oil and gas industry, in Canada and internationally. With experience working on North America’s largest energy projects, the group also advises on complex foreign legal issues relating to the development, structuring, financing and operation of large, successful energy undertakings globally. Canadian Energy Law blog shares information and different perspectives about the developments in Canada’s power, electricity, and oil and gas sectors, and on other energy services across the country. It comments on domestic and foreign legal issues, and provides tactical and timely updates related to developing, structuring, financing and operating successful energy projects.

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