Regulators, by definition, tend to be a lot better at reacting to a problem than pre-empting one. And the Alberta Energy Regulator (AER) is no different. But that doesn’t mean they’re passive or immune to change. The past 12 months have seen plenty of the latter, shaking up the way the regulator – and, therefore, the industry – conducts business. From the introduction of a play-based regulation pilot program, to the proposed division of the AER itself into separate entities, the only real constant over the past year has been change. That’s without even mentioning, of course, the oversight of a new provincial government, the introduction of a broad, carbon-cutting climate plan and worsening economics for resource commodities. Just keeping up with all of the regulatory shifts is a difficult enough feat, never mind actually implementing them. Today, that job belongs to JIM ELLIS, the former deputy minister for Alberta Energy, who has been at the helm of the AER since June 2013 as its president and CEO. And while he acknowledges that times are tough and getting tougher for the industry and for the government that depends on it for revenues, he’s adamant that now, more than ever, is the right time for greater transparency in the energy sector.
Jim Ellis, President and CEO, Alberta Energy Regulator