E-1Financial Statements - Redacted
5 passages
5. LOAN RECEIVABLE/PAYABLE The NSUARB 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 fi...
AI summary The NSUARB requested the Corporation to assess external financing of NS Power's 2015 DSM Deferral balance of $35,000. In 2016, the Corporation borrowed $30,625 and $2,048 from TD and advanced these amounts to NS Power, with NS Power agreeing to repay the loans. Both loans were repaid in full by 2023.
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 had no draws against the line of credit (2...
AI summary The Corporation has a $7,500 demand loan available at the bank prime rate, secured by a first-ranking general security agreement. No draws were made against the line of credit at year-end, and this remained the case in 2022.
The Corporation has an agreement with NS Power to extend financing to certain Business, Non-Profit and Institutional ("BNI") customers participating in either the Small Business Energy Solutions, Affordable Multi-Family Housing, BNI Custom...
AI summary The Corporation has an agreement with NS Power to provide financing to BNI customers participating in specific energy programs. Financing costs are paid monthly to NS Power, and the Corporation is contingently liable for defaults. A liability of $51 was established for accounts at risk, with total financing extended reaching $2,007 as of December 31, 2023.
Deferred in Other Business Fund (94) - Unrealized fair market value adjustments (1,185) 1,286 Recognized investment income $ 321 $ 281 i. The Stabilization allocation is an amount held in reserve and used for the purpose of funding eligibl...
AI summary The document discusses the funding of NS Power's DSM deferral balance through external financing, including loans arranged by the Corporation with TD, and the obligation of NS Power to make repayments. The NSUARB directed the Corporation to proceed with funding the unamortized portion of the 2015 DSM Deferral.
12. COMMITMENTS (continued) Program Basis of Estimate Home Energy Assessment Number of eligible homes anticipated to complete the program at the historical average rebate rate plus final audit costs to be paid to Delivery Agents. SolarHome...
AI summary The document outlines the Corporation's program commitments, including home energy assessments, SolarHomes, Mi'kmaw Home Energy Efficiency, and low-income homeowner services. It also details multi-year fee-for-service agreements and a lease agreement for office premises expiring in 2030 with specified annual lease payments.