Option for Easement process
How is compensation assessed in the Option for Easement?
The process to assess the compensation value included in the Option for Easement proposal includes two assessments:
- Market value before the easement
- Market value after the easement
The value of compensation offered will be based on the difference, known as the market value depreciation. This includes any loss in the market value of the property, loss of special value and loss due to severance, where applicable. In addition to the market value compensation assessment, the Option for Easement proposal will also include compensation for disturbance to your property and operations during construction through the Option Exercise Disturbance Fee (if the project receives the required approvals and proceeds to construction and if we exercise the option). See page 7 of the Landholder Guide: Option for Easement process and compensation for more information.