Topic:"Demand Side Management" in M12822

CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2025 (IN THOUSANDS) Efficiency Nova Scotia (Note 3) emand-Side Nanagement Fund Provincial Fund Othe er Business Fund 2025 2024 DIRECT COSTS Interest

AI summary The text presents a consolidated statement of operations for the year ended December 31, 2025, with a focus on efficiency programs and funds. It includes headings for Efficiency Nova Scotia, Demand-Side Management Fund, Provincial Fund, Other Business Fund, and comparative data for 2025 and 2024. The table highlights direct costs and interest.

1. NATURE OF OPERATIONS EfficiencyOne ("the Corporation") was incorporated in July 2014 under the Canada Not-for-profit Corporations Act. Under Section 79C of the Public Utilities Act, the Corporation, as the franchise holder, has the excl...

AI summary EfficiencyOne, a not-for-profit corporation established in 2014, operates under the Public Utilities Act to provide demand-side management services to NS Power. It manages endowment funds for the Federation of Canadian Municipalities and Nova Scotia, with investment income attributed to contributors for tax purposes. The Corporation is tax-exempt under the Income Tax Act.

Fund accounting a) The Demand-Side Management ("DSM") 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 DSM programs and services. The Su...

AI summary The text outlines three distinct funds (DSM, PNS, and Other Business) managed by the Corporation, each with specific restrictions on fund usage. Revenues and interest income are restricted to fund operations, with the DSM Fund tied to Nova Scotia Power and the NSEB. The PNS Fund is governed by contracts with the Province of Nova Scotia.

Efficiency Nova Scotia Revenue Effective January 1, 2023, the Corporation entered into a three-year supply agreement with NS Power to provide demand-side management. The agreement provided funding of $173,000 over three years in monthly in...

AI summary Efficiency Nova Scotia entered into a three-year supply agreement with NS Power starting January 1, 2023, providing demand-side management services. The agreement includes a total funding of $173,000 over three years, with fee-for-service revenue of $62,500 in 2025 and $57,500 in 2024.

The Corporation has entered into multi-year fee-for-service agreements with the Province of Nova Scotia. The contract term, payment frequency and annual amounts are summarized below: 2025 2024 Homewarming Services Agreement March 21, 2023...

AI summary The Corporation has entered into various multi-year fee-for-service agreements with the Province of Nova Scotia, including Homewarming Services, Affordable Housing and Non-Profits, and Mi'Kmaw Home Energy Efficiency programs, with different payment terms and amounts over the years 2024 and 2025.

11. COMMITMENTS a) In the course of business, the Corporation approves customer applications that offer future incentive payments based on the completion of program criteria within a specific time frame. The value of these commitments is e...

AI summary The Corporation approves customer applications with future incentive payments based on meeting program criteria within a specific timeframe. Estimated commitments total $179,149 for 2024, with shares allocated to the DSM Fund, PNS Fund, and Other Business Fund.

Program Basis of Estimate Home Energy Assessment Number of eligible homes anticipated to complete the program at the historical average rebate rate plus final audit costs to be paid to Delivery Agents. Oil to Heat Pump Affordability Number...

AI summary The document outlines various energy efficiency programs and their basis of estimate, including rebate rates, customer qualifications, and audit costs. It provides details on programs such as Home Energy Assessment, Oil to Heat Pump Affordability, and Mi'kmaw Home Energy Efficiency, among others.

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 Financial Position - Details by General Ledger Account - Demand-Side Management (DSM) Fund As at December 31, 2025 In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance Assets 107...

AI summary The document presents a financial statement for the EfficiencyOne Demand-Side Management (DSM) Fund as of December 31, 2025, detailing assets such as cash, accounts receivable, HST receivable, prepaid expenses, and capital assets, with a total asset value of 12,750 thousand.

- Mail your completed return to: Jonquière Tax Centre, T1044 Program, PO Box 1300 LCD Jonquière, Jonquière QC G7S 0L5 Do not use this area Part 5 – The organization's activities Briefly describe the activities of the organization. If this...

AI summary The document is a tax return form for an organization managing electricity demand-side management and energy efficiency programs in Nova Scotia. It includes sections for describing activities, location of records, and certification by the Chief Financial Officer. The form is filled out in English.

General Index of Financial Information Notes to the financial statements Statement of Financial Position date are reflected as short-term investments. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Capital assets Capital assets are initial...

AI summary The document outlines significant accounting policies, capital asset amortization rates, and revenue from various agreements, including a three-year demand-side management agreement with NS Power and multiple provincial pilot programs. It includes details on financial estimates and assumptions, as well as contractual rights and revenue sources.

General Index of Financial Information Notes to the financial statements projects to mitigate climate impacts. Loans receivable are funded by endowments from FCM and the Province of Nova Scotia. During the year, HCi3 issued a loan receivab...

AI summary The document outlines financial details including a $200 loan receivable from HCi3 secured by a general security agreement, capital assets like furniture and leasehold improvements, a $7,500 demand loan from the bank, deferred revenue under Demand-Side Management (DSM) programs, and a contingency involving NS Power financing for BNI customers in energy efficiency programs.

se customers are approved by NS Power for repayment terms up to 48 months. Financing costs related to the principal are paid to NS Power by the Corporation monthly and are considered part of the applicable program cost. The Corporation is...

AI summary The document outlines financing arrangements for approved customers by NS Power, detailing repayment terms, contingent liabilities, and estimated commitments for future incentive payments based on program criteria completion. It also provides figures for financing extended and fund shares.

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.

REDACTED - Attachment 3 Corporation's name Business number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2025-12-31 General Index of Financial Information Notes to the financial statements Office and insurance Direct 418 117...

AI summary The document presents financial information for EfficiencyOne, including business details, tax year end, and various financial line items such as office and insurance, professional fees, program support, rent, salaries, and training. It also outlines the Corporation's engagement in DSM and energy efficiency programs.

RELATED AND ASSOCIATED CORPORATIONS Name of corporation Business Number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2025-12-31 - Complete this schedule if the corporation is related to or associated with at least one other...

AI summary The document lists EfficiencyOne as a corporation with a business number and tax year end, and instructs to complete the schedule if the corporation is related to or associated with another corporation.