National Energy Board Cost Recovery Regulations

20 (1) On June 30 in every year, the Board shall issue an invoice for the fee, if any, payable under subsection 4(4) or section 5.1, as applicable, to each

• (a) intermediate oil pipeline company and small oil pipeline company;

• (b) intermediate gas pipeline company and small gas pipeline company;

• (c) large commodity pipeline company, intermediate commodity pipeline company and small commodity pipeline company;

• (d) intermediate electricity exporter and small electricity exporter;

• (e) company operating a border accommodation pipeline or border accommodation commodity pipeline; and

• (f) border accommodation electricity exporter.

(2) On March 31, June 30, September 30 and December 31 in every year, the Board shall issue to each large oil pipeline company, large gas pipeline company and large electricity exporter an invoice for 25 per cent of the cost recovery charge of that company or exporter for that year, as calculated in accordance with section 14 and as adjusted in accordance with section 19.

(3) Subject to subsection 5.2(2), any amount payable under these Regulations shall be paid to the Board within 30 days after the date of issuance of the invoice.

(4) If a company or an exporter fails to pay any amount invoiced by the Board, the company or exporter shall pay interest on the outstanding amount at a rate of 1.5% per month, compounded monthly, beginning

• (a) in the case of amounts payable in accordance with subsection (3), on the 31st day after the date of issuance of the invoice; and

• (b) in the case of levies payable in accordance with subsection 5.2(2), on the 91st day after the date of issuance of the invoice.