Topic:"Incentive Costs" in M11677

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, like customer rebates, when energy savings are recognized at milestones or upon contract completion. An accrued liability is established when energy savings are recognized but payment is pending. All other expenses are recorded when incurred.

For the Year Ended December 31, 2023 In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance Direct Expense of DSM Fund Fund through Cost Allocation Methodology 4000 DSM Revenue Revenue 53,000 4140 Recognitio...

AI summary The document outlines financial details for the year ended December 31, 2023, including revenue and incentive expenditures related to demand-side management (DSM) programs. Key figures include DSM revenue of $53,000, incentive costs totaling $29,437, and expenses related to evaluation and program support.

restrictions. All other investment income earned on the HCi3 endowments is recorded as direct increases or decreases to net assets. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Expense recognition The Corporation recognizes incentive cos...

AI summary The document discusses the Corporation's accounting policies, focusing on expense recognition, financial instruments, and impairment testing. Incentive costs are recognized when energy savings are achieved, and financial assets and liabilities are measured at fair value or amortized cost. Impairment testing is conducted for financial assets measured at amortized cost.

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 upon contract completion, establishing an accrued liability when payment is pending. All other expenses are recorded when incurred.

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 in specific energy programs, with repayment terms up to 48 months. 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 $2,007 in total financing extended as of December 31, 2023.

restrictions. All other investment income earned on the HCi3 endowments is recorded as direct increases or decreases to net assets. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Expense recognition The Corporation recognizes incentive cos...

AI summary The document outlines the Corporation's accounting policies, including the recognition of incentive costs tied to energy savings, the measurement and disclosure of financial instruments, and the handling of impairment of financial assets. These policies guide how financial activities are recorded and managed.

M11677 EfficiencyOne Responses to Information Requests (RIRs) E1 (NSUARB) RIRs 01-05 FILED July 26, 2024 Request IR-01: Re: Consolidated Statement of Operations; (a) Please provide further details regarding the Interest Revenue increase of...

AI summary EfficiencyOne responds to information requests regarding an increase in Interest Revenue and Incentives Direct Cost. The increase in Interest Revenue is attributed to higher interest rates, while the Incentives Direct Cost increase is linked to higher program participation and energy savings achieved in 2023.

Request IR-1: - Re: Consolidated Statement of Operations; - a) Please provide further details regarding the Interest Revenue increase of approximately $8.5 million from 2022. - b) Please provide further details regarding the Incentives Dir...

AI summary The document requests detailed information about an increase in Interest Revenue of $8.5 million and an increase in Incentives Direct Cost of $59 million from 2022, as reflected in the Consolidated Statement of Operations.