Topic:"Affordability" in M11094

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2022 (IN THOUSANDS) Demand-Side Management Provincial Other Business Fund Fund Fund 2022 2021 ASSETS CURRENT Cash $ 9,441 $ 39,920 $ 1,855 $ 51,216 $ 45,346 Accounts receivabl...

AI summary The consolidated statement of financial position for December 31, 2022, outlines the assets and liabilities of various funds, including the Demand-Side Management Fund, Provincial Fund, and Other Business Fund. The data highlights changes in cash, accounts receivable, and liabilities over the period, as well as investments and loan receivables.

FINANCIAL POSITION 2022 2021 Assets $ 145 $ 198 Liabilities 3 54 Equity 142 144 Total Liability and Equity $ 145 $ 198 RESULTS OF OPERATIONS 2022 2021 Revenue $ 4 $ 55 Expenses (including a provision for (recovery of) income tax) 6 60 Net...

AI summary The financial position of the Corporation shows a decrease in assets from 2021 to 2022, along with a reduction in liabilities and a slight decrease in equity. Revenue and expenses also decreased, resulting in a smaller net loss in 2022. The Corporation provides services to EfficiencyOne Services Inc. on a fully allocated cost basis, with costs amounting to $3 in 2022.

b) Liquidity risk Liquidity risk is the risk of being unable to meet cash requirements or fund obligations as they come due. It stems from the possibility of a delay in realizing the fair value of investments. The Corporation manages its l...

AI summary Liquidity risk involves the inability to meet cash obligations as they come due. The Corporation manages this risk by monitoring cash flows and holding liquid assets. Accounts payable and accrued liabilities, including customer incentives and HST, are typically paid within 90 days or monthly, depending on contract terms and loan schedules.

The Provincial ("PNS") Fund is used to account for the operations of the Corporation including the fee-for-service revenues received and expenses incurred for the delivery of PNS programs and services according to the terms of the contract...

AI summary The Provincial Fund and Other Business Fund are used to account for operations of EfficiencyOne, including program delivery and subsidiary activities. The Cost Allocation Methodology (CAM) is used to allocate shared expenses and is subject to oversight by the NSUARB. EfficiencyOne is required to maintain confidentiality of information under contractual agreements with the Province of Nova Scotia.

Utility and Review Board and reported annually through EfficiencyOne's Compliance Report. Please also refer to EfficiencyOne's response to NSUARB IR-02. i) Please refer to EfficiencyOne's IR response in (e). (f) Please refer to EfficiencyO...

AI summary The text discusses EfficiencyOne's compliance with regulations and references its responses to previous regulatory requests. It mentions the Provincial Fund, which includes efficiency and conservation services branded as Efficiency Nova Scotia, and notes that these services are unregulated activities. The text also raises a question about the deferral of current year revenue under the Provincial Fund, comparing it to the 2021 deferral amount.

4 CONCLUSION The methodology used to allocate ENSC's total "costs for electric and other fuel mandates" is consistent with the standard approach to the fully allocated costing models that are used for rate setting purposes by regulated ele...

AI summary The document outlines the methodology used to allocate ENSC's costs for electric and other fuel mandates, emphasizing consistency with standard rate-setting practices. Costs are directly or proportionally allocated based on program-specific factors, and recovery mechanisms involve rate riders approved by the NSUARB and government payments for other fuel mandates.

M11094 - EfficiencyOne – 2022 Audited Financial Statements (E-ENS-F-23) On April 19, 2023, EfficiencyOne (E1) filed its 2022 Audited Financial Statements. This matter was reviewed by Richard J. Melanson, LL.B., Panel Chair; Jennifer L. Nic...

AI summary EfficiencyOne submitted its 2022 audited financial statements to the Board. The Board reviewed the statements, accepted the information as filed, and approved a request for confidential treatment of certain sensitive information.

James R. Gogan Direct +1 (902) 563 5920 [email protected] 292 Charlotte Street Suite 300 Sydney NS Canada B1P 1C7 Tel +1 (902) 563 1000 Fax +1 (902) 563 1113 Our File: 226626 April 19, 2023 Nova Scotia Utility & Review Board 3r...

AI summary EfficiencyOne is submitting audited financial statements for the year ended December 31, 2022, to the Nova Scotia Utility & Review Board. The submission includes multiple attachments, some of which are requested to be treated as confidential due to their commercial sensitivity.

Document: 302799 (E-ENS-F-23) Date Filed: June 20/23 UARB Page 2 1 i. The Company has a deficit of $2,000 in the year, mainly due to "Other Business 2 Fund" transactions. Are the additional programs and grants handled by the 3 Company putt...

AI summary The document includes several financial and operational questions directed at the Company, focusing on revenue, cash management, investment decisions, and program-related financial impacts. Specific requests include explanations of revenue and cash receipt tables, use of endowment funds, investment in GICs, and changes in deferred revenue and DSM Fund Share.

NOVA SCOTIA UTILITY AND REVIEW BOARD IN THE MATTER OF: THE PUBLIC UTILITIES ACT - and - IN THE MATTER OF: EFFICIENCYONE (E1) 2022 Audited Financial Statements – December 31, 2022 INFORMATION REQUESTS (2nd set) To: EfficiencyOne James Gogan...

AI summary The Nova Scotia Utility and Review Board has issued a second set of information requests to EfficiencyOne regarding their 2022 audited financial statements. Responses are due by October 4, 2023, and the request was sent to EfficiencyOne's counsel, James Gogan, with a copy to Valeria Lara, an advisor at the Board.