Topic:"Financial Instruments" in M03096

Matter: P-199 - Nova Scotia Power Inc./Efficiency Nova Scotia Corporation - Request for Funding from NSPIRequest Board approval for initial funding of ENS by NSPI in the amount of $2,040,000. Funding will cover the cost of establishing ENS as a functioning entity and of operating it as such during its first twelve months. In addition, Funding would include an additional amount to fund the work of ENS in developing the 2012 DSM plan, including the engagement of appropriate consultants and participation in the Program Development Working Group (PDWG) process.

4 passages 3 documents

Financial Instruments across all matters →

N-1Application 1 passage

Preamble p. p. 0

April 30, 2010 Ms. Nancy McNeil Regulatory Affairs Officer/Clerk Nova Scotia Utilities and Review Board Dear Ms. I\1cNeil: I am writing on behalf of Efficiency Nova· Scotia (ENS) to seek approval from the Utilities and Review Board (UARB)...

AI summary Efficiency Nova Scotia (ENS) is requesting initial funding approval from the Utilities and Review Board (UARB) for its operations. The proposed budget estimates initial operational costs between $1,155,000 and $1,380,000, with the Province of Nova Scotia having already contributed $391,600 in the form of a cash grant and in-kind assistance.

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04432Board Decision Letter 2 passages

ENS goes on to say: p. p. 0

ENS goes on to say: ENS proposes a block funding approach under which NSPI would pay ENS an amount that is equal to the attached twelve-month budget minus the contribution received from the PNS. In addition, this funding \AJould include an...

AI summary ENS proposes a block funding approach where NSPI would pay ENS based on a twelve-month budget, including additional costs for developing the 2012 plan and transitioning DSM programs. The estimated total block funding is around $2,040,000.

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Accordingly, the total funding sought by ENS is three components as follows: p. p. 0

Accordingly, the total funding sought by ENS is three components as follows: 1. 2012 DSM development plan $ 600,000; 2. Transition planning / execution $ 450,000; 3. Start-up funding ($1,380,000 minus $391,600) $ 988,400. TOTAL $2,038,400...

AI summary The total funding sought by Efficiency Nova Scotia Corporation (ENS) consists of three components: a 2012 DSM development plan, transition planning/execution, and start-up funding. Section 43 of the Efficiency Nova Scotia Corporation Act outlines that NSPI must pay an assessment for start-up costs to ENS, which can be recovered through rates as determined by the UARB.

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04432Board Decision Letter 1 passage

ENS goes on to say: p. p. 0

ENS goes on to say: ENS proposes a block funding approach under which NSPI would pay ENS an amount that is equal to the attached twelve-month budget minus the contribution received from the PNS. In addition, this funding \AJould include an...

AI summary ENS proposes a block funding approach where NSPI would pay ENS based on a twelve-month budget, minus contributions from PNS, and include additional funds for developing the 2012 plan, consultant engagement, and transitioning DSM programs. Estimated costs are around $2.04 million.

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