AI-generated summary
· Application · 04/25/2025
EfficiencyOne files 2024 audited consolidated financial statements with NSERB, including subsidiary financials and tax returns, with confidential treatment requested for EfficiencyOne Services Inc. data.
AI summary
- Efficiencyone submitted its audited consolidated financial statements for the year ended December 31, 2024 to the Nova Scotia Energy Board on April 25, 2025, audited by Doane Grant Thornton LLP under Canadian not-for-profit accounting standards with a clean opinion.
- The filing package includes five attachments: detailed DSM Fund ledger statements, a T2 Corporation Income Tax Return, Efficiencyone Services Inc financial statements, and Hci3 (Halifax Climate Investment, Innovation and Impact Fund) consolidated financial statements — several submitted proactively based on prior NSUARB information request patterns.
- Efficiencyone operates three fund streams — the Demand Side Management DSM Fund (linked to NS Power via the EECA agreement), the Province of Nova Scotia (PNS) Fund, and an Other Business Activities fund — with future customer incentive commitments totalling approximately $111,339 thousand as disclosed in Note 11.
- The balance sheet shows total assets of approximately $236.7 million (down from $285.1 million in the prior year), with a corresponding reduction in total liabilities, reflecting changes in deferred revenue and fund balances across the DSM and related funds.
- Confidentiality treatment was requested for Attachment 4 (EfficiencyOne Services Inc. financial statements) on the basis of commercial sensitivity; the Board-only confidential version of the main statements is also filed under seal, accessible only via confidentiality agreement through the Clerk of the Board.
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What was filed
Documents filed on this day
- E-1 Financial Statements - Redacted
- E-1(C) Financial Statements - Boad Confidential Board Only
- 97462 Letter EOne re: 2024 Financial Statements