Topic:"Energy Efficiency Financing" in M09689

recognition policies. 1 b) The prior period adjustment relates to future incentive payments recorded within the 2 participant in an EfficiencyOne program where financing for the project was extended 3 through NS Power's on-bill financing p...

AI summary The text discusses a prior period adjustment related to future incentive payments for a participant in an EfficiencyOne program, where financing was extended through NS Power's on-bill financing program. EfficiencyOne's response to NSUARB IR-06 c) is referenced.

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.