E-12021 Financial Statements - Redacted
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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 document outlines the use of three funds—DSM, PNS, and Other Business—each restricted to specific operations. The DSM Fund supports demand-side management activities, the PNS Fund supports provincial programs, and the Other Business Fund supports subsidiary and non-DSM/PNS activities, including contributions from NS Power and the FCM.
Efficiency Nova Scotia Revenue Effective January 1, 2020, the Corporation entered into a three-year supply agreement with NS Power to provide DSM energy efficiency and conservation activities. The agreement will provide funding of $110,000...
AI summary Efficiency Nova Scotia entered into a three-year supply agreement with NS Power starting January 1, 2020, providing $110,000 in funding for DSM energy efficiency and conservation activities over three years. Fee-for-service revenue was $34,600 in 2021 and $34,400 in 2020.
10. 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 time frame. Estimated commitment values are provided, with shares allocated to the DSM Fund and PNS Fund. In 2021, estimates for Small Business Energy Solutions and Custom programs were established and included in the DSM Fund share.
The estimate is calculated on an individual program basis as of December 31, 2021. Program Basis of Estimate New Home Construction Number of eligible homes anticipated to complete the program at the historical average rebate rate plus fina...
AI summary The estimate for the New Home Construction program is calculated on an individual program basis as of December 31, 2021, based on the 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.
10. COMMITMENTS (continued) 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. SolarHome...
AI summary The document outlines various energy efficiency programs and their basis of estimate, including Home Energy Assessment, SolarHomes, and Mi'kmaw Home Energy Efficiency. The Corporation has multi-year fee-for-service agreements with NS Power and the Province of Nova Scotia to meet future commitments.