Topic:"Cost Deferral" in M09689

The UARB requested that the Corporation assess the viability of external financing of NS Power's DSM deferral balance of $35,000 from 2015 ("2015 DSM Deferral"). The Corporation determined that such external financing could result in savin...

AI summary The UARB requested the Corporation to assess external financing of NS Power's 2015 DSM Deferral balance of $35,000. The Corporation found this could save customers money. In April 2016, the UARB directed the Corporation to proceed with funding the unamortized portion of the 2015 DSM Deferral as previously described in a February 2016 filing.

15. COST ALLOCATION METHODOLOGY Demand-Side Allocator Expenses subject to Allocation Management Fund Allocation Provincial Fund Allocation Other Business Fund Allocation Incentives Direct $ 29 $ 8 $ 21 $ - Information technology FTE 495 32...

AI summary The document outlines the cost allocation methodology used by the Corporation, detailing how expenses are distributed across different funds, including the Demand-Side Management (DSM) Fund, Provincial Fund, and Other Business Fund. It provides a breakdown of various expenses such as incentives, information technology, marketing, and salaries.

2019 DSM Fund Revenue and NS Power Payments (In Thousands) Total Total Description Source Payments Revenue Recognized Fee-for-service NS Power $ 34,050 $ 34,050 Interest Revenue Bank - 281 Deferred Revenue Current Year Calculation (274) 20...

AI summary The 2019 DSM Fund Revenue and NS Power Payments table shows financial transactions between NS Power and EfficiencyOne, including fee-for-service payments, interest revenue, and deferred revenue adjustments. The text explains that interest revenue from 2017 was returned to NS Power in 2019 by reducing payments due to EfficiencyOne, and that revenue recognition follows a deferral method based on incurred expenses.

Request IR-09: Regarding EfficiencyOne Audited Financial Statements, Note 14, Risk Management: Note 14 mentions an interest-bearing liability with a fixed interest rate that appears to have been entered into in 2019. When looking at the fa...

AI summary The request asks for details about a new interest-bearing liability mentioned in Note 14 of NS Power's financial statements. The response clarifies that the liability relates to a loan from 2016 for the DSM deferral balance and was disclosed in Note 10 in 2019, with no new liability added in 2019.

Date Filed: July 23, 2020 E1 (NSUARB) IR-09 Page 1 of 1 1 Request IR-10: 2 3 Regarding EfficiencyOne Audited Financial Statements, Note 15, Cost Allocation 4 Methodology: 5 6 The table that is provided for the Cost Allocation Methodology s...

AI summary The document discusses a request for a reconciliation between the cost allocation methodology in Note 15 and the costs listed in Attachment 1, which show a discrepancy between the DSM Fund's allocated costs of approximately $9 million and the total of $34 million in the financial statements.