E-1Financial Statements for Year Ended December 31, 2018 - Redacted
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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.
8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (in thousands) nd-Side gement Pro ovincial Com nmitment O Busi ther ness Fund Fund Fund F und 2018 2017 Accounts payable and accrued liabilities $ 8,018 $ 2,300 $ 13,027 $ 14 $23,359 $16,883 Accr...
AI summary The section discusses accounts payable and accrued liabilities, noting that accrued liabilities under the Commitment Fund include potential future payments to customers for incentives, even though the associated energy savings occur in the future.
To be consistent with the expense recognition policy, the Commitment Fund has been established to record these incentives as an expense and provide an offsetting liability. In future years, these incentives will be recognized as an expense...
AI summary The Commitment Fund records energy efficiency incentives as expenses and liabilities, with 2018 commitments totaling $13,027. Residential and BNI programs are analyzed, with estimates based on historical data, preapproved applications, and rebate rates. DSM and Provincial Fund shares are detailed.
EfficiencyOne Statement of Operations & Changes in Fund Balance - Details by GL Account - Demand-Side Management (DSM) Fund For the Year Ended December 31, 2018 GL Account GL Account Description Financial Statement Grouping GL Balance 4000...
AI summary The document presents the EfficiencyOne Statement of Operations & Changes in Fund Balance for the Demand-Side Management (DSM) Fund for the year ended December 31, 2018. It details revenue, incentives, evaluation, and program support expenses, including amounts related to customer rebates, program implementation, and IT costs.