Topic:"Energy Efficiency Budgets" in M09689

Efficiency Nova Scotia Revenue Effective January 1, 2019, the Corporation entered into a one-year supply agreement with NS Power to provide DSM energy efficiency and conservation activities, under which fees are received monthly. In 2019,...

AI summary Efficiency Nova Scotia entered into multiple agreements in 2019 with NS Power and the Province of Nova Scotia to provide energy efficiency and conservation services. Revenue from these agreements included fee-for-service payments, with amounts varying by agreement and year. Specific programs included those for low-income residents and Mi'kmaw communities.

Request IR-6: - 21 Regarding EfficiencyOne Audited Financial Statements, Note 12, Contingencies: - 22 The balance at December 31, 2019 of total financing extended was $3.2 million, up from $2.6 - 23 million at December 31, 2018. This finan...

AI summary The text discusses the increase in financing extended by EfficiencyOne to BNI customers under various programs, approved by NS Power, and requests clarification on the nature of the financing, whether the amount shown is gross or net, and the likelihood of defaults on outstanding principal.

Request IR-9: 1 - 2 Regarding EfficiencyOne Audited Financial Statements, Note 14, Risk Management: - 3 Note 14 mentions an interest-bearing liability with a fixed interest rate that appears to have been - 4 entered into in 2019. When look...

AI summary The document requests clarification on a new interest-bearing liability with a fixed interest rate entered into in 2019, as mentioned in Note 14 of EfficiencyOne's Audited Financial Statements. The request specifically asks for details on the nature, amount, and interest paid for the year.

8 Request IR-10: - 9 Regarding EfficiencyOne Audited Financial Statements, Note 15, Cost Allocation Methodology: - 10 The table that is provided for the Cost Allocation Methodology shows the expenses subject to - 11 allocation being divide...

AI summary The text requests a reconciliation between the $9 million in costs allocated to the DSM Fund in Note 15 and the $34 million listed in Attachment 1, highlighting a discrepancy in financial reporting.