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On August 25, 2025, the AER set the 2026 industry-wide closure spend requirement at $750 million. The following important changes will be implemented in the 2026 requirement:
1. Starting in the 2026 closure spend year each licensee will be assigned its proportionate share of the industry-wide closure spend requirement. Manual 023: Licensee Life-Cycle Management has been updated to reflect this change.
2. Certain Licensees meeting all of the AER’s criteria, as of September 2, 2025, will be exempt from the 2026 mandatory spend requirement.
This exemption is an exceptional circumstance resulting from continued low natural gas prices. The AER will directly contact all micro and junior dry gas producers that qualify for this exemption.
3. The AER will allow licensees who exceed their minimum mandatory spend by 20% to “bank” this exceedance between 2025 and 2027.
4. Licensees with inactive liability as of September 2, 2025, will receive their licensee-specific mandatory closure spend for 2026. Later in September, licensees can access through OneStop their liability assessment report to understand the details of their mandatory spend.
Additional information can be found: Bulletin 2025-27
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