Topic:"Energy Efficiency Financing" in M11094

The Corporation received $3,906 (2021 – $3,829), in quarterly installments from NS Power for administration of NS Power's contribution to the HomeWarming Program. The contract expired December 31, 2022. Effective April 1, 2022, the Corpora...

AI summary The Corporation received funding from NS Power for administering the HomeWarming Program, and entered into a five-year agreement with Natural Resources Canada for the Greener Homes initiative, receiving a portion of the funding as revenue in the current year.

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 program criteria completion. The estimated value of these commitments is $34,662 as of December 31, 2022, with shares allocated to the DSM Fund and PNS Fund.

The Provincial ("PNS") 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 PNS programs and services according to the terms of the contract...

AI summary The Provincial Fund and Other Business Fund are used to account for operations of EfficiencyOne, including program delivery and subsidiary activities. The Cost Allocation Methodology (CAM) is used to allocate shared expenses and is subject to oversight by the NSUARB. EfficiencyOne is required to maintain confidentiality of information under contractual agreements with the Province of Nova Scotia.

Utility and Review Board and reported annually through EfficiencyOne's Compliance Report. Please also refer to EfficiencyOne's response to NSUARB IR-02. i) Please refer to EfficiencyOne's IR response in (e). (f) Please refer to EfficiencyO...

AI summary The text discusses EfficiencyOne's compliance with regulations, reference to prior responses, and details about investments, specifically a $60 million GIC investment. It includes questions about the source of funds and potential need for access to these funds before May 10, 2023.

nregulated funds at 19% since most of the costs are shared costs and allocated using the FTE allocator. There are also operating costs that are considered regulatory costs and only apply to DSM as the energy efficiency regulated utility. T...

AI summary The text discusses the allocation of costs for regulated and unregulated programs, particularly focusing on how non-direct costs are distributed using the Cost Allocation Methodology (CAM) and FTE allocator. It also mentions that E1 does not plan to deliver non-DSM programs under a separate subsidiary, aligning with the Province of Nova Scotia's model for energy efficiency programs.

EXAMPLE # 1 – DIRECT BILLING An invoice is received by the Accounts Payable Clerk from Vendor "A" in which the subject line reads: "ENS‐0062‐R Retail Product Markdown Program Phase II August 16 – 31, 2011". The subject line specifically id...

AI summary This example describes how an invoice related to ENSC's Efficient Products Retail Markdown Program is processed and allocated to specific funds, departments, and programs within the organization.