Security Deposits
On October 3, 2022, the AER released a new edition of Directive 068: Security Deposits (“Directive 068”). The new edition includes administrative updates that reflect the shift from the Energy Resources Compensation Board to the AER. Other administrative clarifications and changes include correcting outdated references and numbering unique requirements. Directive 068 now contains process requirements, including a form, to enable licencees to designate a security deposit to specific liability programs or application numbers. Moreover, the updated edition clarifies the process licencees must use to request a security deposit refund. Finally, Directive 068 was amended to enable security deposits to be collected and refunded for geothermal projects. Directive 068 is available on the AER’s website.
