Abandonment Funding Reporting - Letters of Credit and Surety Bond Amounts (previously know as Appendix XVI Reporting)

This data set reflects the Abandonment Cost Estimates and the amount being held by the Canada Energy Regulator (CER), in a letter of credit or surety bond (financial instruments) as of 31 December 2025 which are intended to cover the cost of the future abandonment of each company’s pipeline assets. In March 2024, the Commission issued updated Abandonment Cost Estimates to all CER-regulated companies, and companies were directed to update or replace their financial instruments to the future-proofed value of their Abandonment Cost Estimate. The future-proofed amount inflates the cost estimates to 2028 dollars (an increase of 10.4 per cent), the estimated date when the Commission will next review the Abandonment Cost Estimates. The requirement to set aside funds to cover future abandonment costs is a result of the National Energy Board’s Land Matter Consultation Initiative, Stream 3 Pipeline Abandonment – Financial Issues (RH-2-2008), and the subsequent decisions in MH-001-2012, Abandonment Cost Estimates, and MH-001-2013, Set-Aside Mechanism and Collection Mechanism, and subsequent proceedings.

Data and Resources

Additional Info

Field	Value
Last Updated	April 17, 2026, 20:52 (UTC)
Created	April 17, 2026, 20:52 (UTC)
contact_person	{}
criticality_level	[]
data_dictionary	[]
geographic_scope	[]
open_canada_collection	primary
open_canada_date_published	2018-10-26 00:00:00
open_canada_keywords	{"en": ["Abandonment", "Abandonment Cost Estimates", "Abandonment Funding", "ACE", "Financial Instrument", "Futureproofing", "Letter of Credit", "CER", "NEB"], "fr": ["Cessation d’exploitation", "coûts estimatifs de la cessation d’exploitation", "financement de la cessation d’exploitation", "CECE", "instrument financier", "pérennisation", "lettre de crédit", "REC", "ONE"]}
open_canada_subject	["economics_and_industry"]
sensitivity_level	unrestricted
title_fr	Rapport sur le financement des activités de cessation d’exploitation – Montants des lettres de crédit et des cautionnements (auparavant connu sous le nom « Rapports prévus aux termes de l’annexe XVI »)
update_frequency	P1Y