2. EFFICIENCY NOVA SCOTIA 2011 PROGRAM EXPENDITURE RESTATEMENT
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2. EFFICIENCY NOVA SCOTIA 2011 PROGRAM EXPENDITURE RESTATEMENT In late 2012, it was determined that a number of incentive accruals in the Custom Program were not recorded during the 2011 fiscal year, resulting in program expenditures being...
AI summary In late 2012, it was discovered that incentive accruals in the Custom Program were not recorded during the 2011 fiscal year, leading to an understatement of program expenditures by $1.2 million. This error affected the 2011 Balance Adjustment and the 2013 DSM Cost Recovery Rider, and ENSC plans to offset it in the 2014 DCRR. The energy savings were correctly captured, and corrective actions were taken.