Efficiency Nova Scotia Revenue Effective January 1, 2016, the Corporation entered into a three‐year supply agreement with NS Power to provide DSM energy efficiency and conservation activities, under which fees are received monthly. In 2018...
AI summary Efficiency Nova Scotia has entered into multiple fee-for-service agreements with NS Power and the Province of Nova Scotia, generating revenue from energy efficiency and conservation activities. Revenue amounts are provided for various periods, including specific figures for 2017 and 2018.
Other Revenue The Corporation entered into a contribution agreement with Natural Resources Canada for funding the EnerGuide Real Estate Listings project, beginning on June 14, 2017 and ending on March 31, 2019. The contribution amount is l...
AI summary The Corporation received funding from Natural Resources Canada for the EnerGuide Real Estate Listings project from June 2017 to March 2019, with revenue of $75 earned in 2018. The contribution was limited to $203 or 50% of the project costs.
To be consistent with the expense recognition policy, the Commitment Fund has been established to record these incentives as an expense and provide an offsetting liability. In future years, these incentives will be recognized as an expense...
AI summary The Commitment Fund records energy efficiency incentives as expenses and liabilities, with 2018 commitments totaling $13,027. Residential and BNI programs are analyzed, with estimates based on historical data, preapproved applications, and rebate rates. DSM and Provincial Fund shares are detailed.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 The Electricity Efficiency and Conservation Restructuring (2014) Act, Section 8, states "Any assets of the Corporation [ENSTC] acquired on or after the Implementation D...
AI summary The Electricity Efficiency and Conservation Restructuring (2014) Act requires that certain assets, specifically the DSM HST Receivable, be transferred to Nova Scotia Power Incorporated for customer benefit as directed by the Nova Scotia Utility and Review Board. These funds are currently held in a separate bank account pending further instructions from the UARB.