8. BANK INDEBTEDNESS 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 line of credit.
AI summary The Corporation has a $7,500 operating demand loan 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 the Corporation to assess external financing of NS Power's 2015 DSM Deferral balance of $35,000. The Corporation found this could save customers money. In April 2016, the UARB directed the Corporation to proceed with funding the unamortized portion of the 2015 DSM Deferral as previously described in a February 2016 filing.
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