Ministry of Energy (Alberta)
Encyclopedia
The Ministry of Energy is a Cabinet
-level agency of the government of the Canadian
province of Alberta
responsible for coordinating policy relating to the development of mineral
and energy
resources. It is also responsible for assessing and collecting non-renewable resource
royalties
, freehold mineral taxes, rentals, and bonuses. The Alberta Petroleum Marketing Commission, which is fully integrated with the Department of Energy within the ministry, and fully funded by the Crown, accepts delivery of the Crown's royalty share of conventional crude oil and sells it at the current market value.
The Alberta Energy and Utilities Board regulated energy resource development, pipelines, transmission lines, and investor-owned electric, water, and natural gas utilities, as well as certain municipality-owned utilities. It reported to the Executive Council
through the Ministry of Energy, although it operated and made its formal decisions independently and autonomously. On January 1, 2008 the Alberta Energy and Utilities Board (EUB) was realigned into two separate regulatory bodies:
Executive Council of Alberta
The Executive Council of Alberta is the cabinet of that Canadian province.Almost always made up of members of the Legislative Assembly of Alberta, the Cabinet is similar in structure and role to the Cabinet of Canada while being smaller in size...
-level agency of the government of the Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
province of Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
responsible for coordinating policy relating to the development of mineral
Mineral
A mineral is a naturally occurring solid chemical substance formed through biogeochemical processes, having characteristic chemical composition, highly ordered atomic structure, and specific physical properties. By comparison, a rock is an aggregate of minerals and/or mineraloids and does not...
and energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
resources. It is also responsible for assessing and collecting non-renewable resource
Non-renewable resource
A non-renewable resource is a natural resource which cannot be produced, grown, generated, or used on a scale which can sustain its consumption rate, once depleted there is no more available for future needs. Also considered non-renewable are resources that are consumed much faster than nature...
royalties
Royalties
Royalties are usage-based payments made by one party to another for the right to ongoing use of an asset, sometimes an intellectual property...
, freehold mineral taxes, rentals, and bonuses. The Alberta Petroleum Marketing Commission, which is fully integrated with the Department of Energy within the ministry, and fully funded by the Crown, accepts delivery of the Crown's royalty share of conventional crude oil and sells it at the current market value.
The Alberta Energy and Utilities Board regulated energy resource development, pipelines, transmission lines, and investor-owned electric, water, and natural gas utilities, as well as certain municipality-owned utilities. It reported to the Executive Council
Executive Council of Alberta
The Executive Council of Alberta is the cabinet of that Canadian province.Almost always made up of members of the Legislative Assembly of Alberta, the Cabinet is similar in structure and role to the Cabinet of Canada while being smaller in size...
through the Ministry of Energy, although it operated and made its formal decisions independently and autonomously. On January 1, 2008 the Alberta Energy and Utilities Board (EUB) was realigned into two separate regulatory bodies:
- the Energy Resources Conservation Board (ERCB)Energy Resources Conservation BoardThe Energy Resources Conservation Board is an independent, quasi-judicial agency of the Government of Alberta. It regulates the safe, responsible, and efficient development of Alberta's energy resources: oil, natural gas, oil sands, coal, and pipelines...
, which regulates the oil and gas industry, and - the Alberta Utilities Commission (AUC), which regulates the utilities industry.