7. BANK INDEBTEDNESS (in thousands) The Corporation has an operating demand loan of credit available in the amount of $7,500 bearing interest at the bank prime rate, payable monthly. At year end, the Corporation has no draws against the li...
AI summary The Corporation has an operating demand loan of $7,500 available at the bank prime rate, with no draws against the line of credit at year end.
The UARB requested that the Corporation assess the viability of external financing of NS Power's DSM deferral balance of $35,000 from 2015 ("2015 DSM Deferral"). The Corporation determined that such external financing could result in savin...
AI summary The UARB requested NS Power to assess external financing of a DSM deferral balance from 2015, which led to a loan arrangement with TD. The Corporation borrowed funds from TD and advanced them to NS Power, with NS Power obligated to repay the Corporation in equal monthly payments. A second loan was finalized in 2017 for accrued returns on the deferral balance.
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