National Energy Board Cost Recovery Regulations

18 On or before September 30 in every year, the Board shall calculate, for each large oil pipeline company, large gas pipeline company and large electricity exporter,

• (a) the amount, if any, by which the cost recovery charge paid by that company or exporter for the preceding year exceeds the revised cost recovery charge of that company or exporter, calculated in accordance with section 17; or

• (b) the amount, if any, by which the revised cost recovery charge of that company or exporter that is calculated in accordance with section 17 exceeds the cost recovery charge paid by that company or exporter for the preceding year.