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, a not-for-profit corporation incorporated in 2014, operates under the Public Utilities Act, providing electricity efficiency and conservation services exclusively to NS Power. The franchise agreement expires in 2025, and the Corporation is exempt from income taxes under the Income Tax Act.
Expense recognition The Corporation recognizes incentive costs, such as customer rebates, when energy savings are recognized. Energy savings are recognized at milestones within a contract or when the contract is complete. For other busines...
AI summary The Corporation recognizes incentive costs, such as customer rebates, when energy savings are recognized at milestones within a contract or upon contract completion. Other business expenses are recorded as incurred.
RELATED AND ASSOCIATED CORPORATIONS Name of corporation Business Number Tax year end Year Month Day EfficiencyOne 80494 7976 RC0001 2018-12-31 - Complete this schedule if the corporation is related to or associated with at least one other...
AI summary The document lists EfficiencyOne as a corporation with a business number and tax year end, indicating it may be related to or associated with other corporations. No further details on relationships or implications are provided.