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. An accrued liabil...
AI summary The Corporation recognizes incentive costs, such as customer rebates, at milestones within a contract or when the contract is complete. An accrued liability is established for these costs when energy savings are recognized but payment is not yet made. All other expenses are recorded when incurred.