Directive 006: Licensee Liability Rating (LLR) Program
Release Date: December 01, 2021
Effective date: December 1, 2021
Replaces the previous edition released on February 17, 2016.
Released with Bulletin 2021-45
Purpose of this Directive
This directive sets out the methodology for calculating deemed assets and liabilities within the LLR program. The purpose of the program is to prevent the costs to suspend, abandon, remediate, and reclaim a well, facility, or pipeline in the LLR program from being borne by Albertans should a licensee become defunct, and to minimize the risk to the Orphan Fund posed by the unfunded liability of licences in the program.