AI-generated summary
· Closing_evidence · 04/23/2026
EfficiencyOne filed its Inter-Affiliate Code of Conduct 2025 Annual Compliance Report, confirming full compliance and disclosing $146,165 in total affiliate transactions with E1S and HCi3.
AI summary
- EfficiencyOne (E1) filed its 2025 Annual Compliance Report (M12821) on April 23, 2026, covering affiliate transactions with Efficiencyone Services Inc (E1S) and Halifax Climate Investment Innovation And Impact Fund (HCi3) for the period January 1–December 31, 2025, under the Affiliate Transactions Code of Conduct approved by the NSUARB in 2017.
- Total shared services billed to affiliates on a fully allocated cost basis were $31,488 to E1S (329.25 hours; $8,259 overhead) and $114,678 to HCi3 (514.75 hours; $56,916 overhead); no services flowed in the reverse direction from either affiliate to E1.
- E1 confirmed full Regulatory Compliance: all employees completed annual Code training and certifications, no exemptions were utilized, the 2019 KPMG external audit recommendations remain fully implemented, and the Code is publicly posted on E1's website.
- Confidential treatment was requested for Attachments B and D (employee-specific salary data); the filing letter notes that CEO Stephen MacDonald departed March 27, 2026 and Interim CEO Martha Casey was appointed March 28, 2026 — a change that falls outside the 2025 reporting period and will be addressed in the 2026 report.
- E1 reported that E1S had one direct employee and HCi3 had six during 2025, with distinct governance maintained for each affiliate consistent with the NSUARB's 2017 and 2023 guidance on organizational separation.
Disclaimer: This summary was generated by AI from the filings it describes. We take care to make it accurate, but errors are possible - and it isn't advice. Only the filings themselves are the record: if you're relying on something here, confirm it against the source documents or the Nova Scotia Energy Board's own record. Full disclaimer →
What was filed
Documents filed on this day
- E-1 2025 Report - Redacted
- E-1(C) 2025 Report - Board Confidential Board Only
- 101717 Letter enclosing report and request for confidentiality