E-1Financial Statements - Redacted
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Report on Other Legal and Regulatory Requirements We have audited the Corporation's compliance, as at December 31, 2023, with the cost allocation criteria established by the Efficiency Nova Scotia Cost Allocation Methodology Report as file...
AI summary The audit report confirms the Corporation's compliance with the Efficiency Nova Scotia Cost Allocation Methodology Report, as filed with the Nova Scotia Utility and Review Board, as of December 31, 2023.
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 commitment values for 2023 include a total of $93,737, with shares allocated to the DSM Fund, PNS Fund, and Other Business Fund.
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 is a not-for-profit corporation established under the Canada Not-for-profit Corporations Act, operating under the Public Utilities Act and the Income Tax Act. It manages demand-side management programs and holds endowment funds through its subsidiary, with specific accounting policies for different funds, including the DSM Fund, PNS Fund, and Other Business Fund.
The Corporation follows a Cost Allocation Methodology ("CAM") to allocate expenses not directly related to a fund, as disclosed in Note 14. There was no change to the CAM from prior years. Use of estimates The preparation of the consolidat...
AI summary The Corporation uses a consistent Cost Allocation Methodology to allocate expenses and has entered into several multi-year agreements with NS Power and the Province of Nova Scotia for demand-side management and energy efficiency programs, with specific funding amounts and timelines outlined.
12. 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 that offer future incentive payments based on the completion of program criteria within a specific time frame. The estimated value of these commitments is $93,737 as of December 31, 2023, with shares allocated to the DSM Fund, PNS Fund, and Other Business Fund.
E-2Financial Statements - Refiled - Redacted
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CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2023 (IN THOUSANDS) REVENUES Demand-Side Management Fund Provincial Fund Other Business Fund 2023 2022 Efficiency Nova Scotia (Note 3) $ 44,503 $ 37,108 $ - 81,611 $ $ 78...
AI summary The document presents consolidated financial statements for Efficiency Nova Scotia, including revenues and costs for the year ended December 31, 2023, and changes in fund balances. Revenues include contributions from the Demand-Side Management Fund, Provincial Fund, and other business funds, while costs include incentives, program support, and administrative expenses.
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 makes future incentive payments based on customer applications meeting program criteria within specific time frames. The estimated value of these commitments is $93,737, with shares allocated to the DSM Fund, PNS Fund, and Other Business Fund as of December 31, 2023.
The Corporation follows a Cost Allocation Methodology ("CAM") to allocate expenses not directly related to a fund, as disclosed in Note 14. There was no change to the CAM from prior years. Use of estimates The preparation of the consolidat...
AI summary The Corporation uses a consistent Cost Allocation Methodology to manage expenses and adheres to Canadian accounting standards. It has entered into multiple multi-year agreements with Nova Scotia Power and the Province of Nova Scotia for demand-side management and other energy efficiency initiatives, with specific funding and revenue figures outlined.
Income Homeowner March 21, 2019 - March 31, 2023 Quarterly $ 2,066 $ 8,264Other Provincial Pilot Programs March 21, 2020 - March 31, 2026 Lump Sum $ 1,650 $ 5,540 Residential Low Income, Equity and Off Oil Programs March 31, 2022 - March 3...
AI summary The document outlines various provincial pilot programs and funding initiatives related to energy efficiency and affordability, including the Income Homeowner Program, Residential Low Income Programs, and the Canada Greener Homes Grant Program. It also mentions a contribution agreement with Natural Resources Canada for the Oil to Heat-pump Affordability Program.