E-1Financial Statements - Redacted
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Cost allocation methodology The Corporation follows a Cost Allocation Methodology ("CAM") to allocate expenses not directly related to a fund, as disclosed in Note 13. There was no change to the CAM from prior years.
AI summary The Corporation employs a Cost Allocation Methodology (CAM) to allocate expenses unrelated to specific funds, as detailed in Note 13. The methodology has remained unchanged from prior years, indicating continuity in expense allocation practices.
5. INVESTMENT IN EFFICIENCYONE SERVICES INC. (continued) The Corporation renders technical, administrative, and marketing services of a routine nature to EfficiencyOne Services Inc. and the value of these services is measured on a fully al...
AI summary The Corporation provided technical, administrative, and marketing services to EfficiencyOne Services Inc. in 2025, costing $31 (vs. $4 in 2024). $19 (vs. $4 in 2024) was owed by EfficiencyOne as of December 31. The Nova Scotia Energy Board approved the Corporation's Code of Conduct in 2017, governing transactions with Affiliates in electricity efficiency and conservation activities.
10. CONTINGENCIES a) The Corporation has an agreement with NS Power to extend financing to certain Business, Non-Profit and Institutional ("BNI") customers participating in either the Small Business Energy Solutions, Affordable Multi-Famil...
AI summary The Corporation has a financing agreement with NS Power for BNI customers in energy programs, with contingent liability for defaults. A $51 liability is recorded for at-risk accounts, and total financing extended was $1,984 as of December 31, 2025. The Organization also manages disputes and claims provisions.
The costs reported in the Consolidated Statement of Operations, include direct costs of the programs which are comprised of, but not limited to, customer payments, program support costs, and other program and administrative costs directly...
AI summary The document outlines the direct and non-direct costs incurred by the Corporation in 2025 for various programs, including DSM, PNS, and Other Business. Direct costs totaled $239,167, with specific allocations to each program. Non-direct costs amounted to $32,570 and are allocated based on FTE and Direct Costs as per the ENSC Cost Allocation Methodology Report, which is subject to review by the Nova Scotia Energy Board.
EfficiencyOne Statement of Operations & Changes in Fund Balance - Details by General Ledger Account - Demand-Side Management (DSM) Fund For the Year Ended December 31, 2025 In Thousands GL Account GL Account Description Financial Statement...
AI summary The document presents a detailed financial breakdown of the DSM Fund for 2025, including expenses categorized under meetings, office operations, professional fees, salaries, and training. Total costs amount to $60,376 thousand, with $15,271 thousand allocated via the Cost Allocation Methodology. The fund balance ends at zero, reflecting full expenditure of the initial $3,000 thousand.
13. COST ALLOCATION METHODOLOGY investments. Allocator Expenses subject to Allocation DSM Fund Allocation Provincial Fund Allocation Other Business Fund Allocation Amortization FTE $ 346 $ 213 $ 133 $ - Incentives Direct 1,473 388 883 202...
AI summary This section details the allocation of expenses across various funds, including direct and FTE costs for categories like incentives, information technology, marketing, meetings, and office expenses. Funds include DSM, Provincial, Other Business, and Amortization, with specific monetary values listed for each category.