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Manual 23 Updates

Wednesday, February 26, 2025

Sproule’s latest Trilemma episode dives into the Alberta Energy Regulator’s (AER) recent updates to Manual 23 and their impact on asset transfers and security deposit requirements. Our experts, Rich Wade and Shila Berteig, break down how these changes influence financial planning, risk management, and regulatory compliance for energy companies operating in Alberta.

A key focus of the discussion is the Licensee Capability Assessment (LCA) framework, which evaluates a company’s financial distress, liability, crossover and regulatory standing. Understanding a company’s LCA and crossover are crucial in determining the potential for security deposit requirements in an application for license transfer, making pre-transaction evaluations more critical than ever.

To navigate these regulatory complexities listen to the full episode of the Trilemma to hear our experts break down these critical changes and their impact on Alberta’s energy sector and download our supplemental information link:

Alberta Energy Regulator Manual 23