CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2025 (IN THOUSANDS) Efficiency Nova Scotia (Note 3) emand-Side Nanagement Fund Provincial Fund Othe er Business Fund 2025 2024 Incentives - 60,376 98,908 112,453 271,737...
AI summary The consolidated statement of operations for Efficiency Nova Scotia shows incentive expenditures of $60,376 thousand in 2025 for the Demand-Side Management Fund, compared to $98,908 thousand in 2024 for the Provincial Fund and $112,453 thousand for Other Business Fund.
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 (e.g., customer rebates) when energy savings are achieved, either at contract milestones or upon completion. An accrued liability is recorded for unpaid incentives, while other expenses are accounted for when incurred.
In Thousands GL Account GL Account Description Financial Statement Grouping GL Balance 4000 DSM Revenue Revenue 62,500 4140 Recognition/(Deferral) of Revenue Revenue (2,367) 4500 Interest - Business Investment Account Revenue 243 Subtotal...
AI summary The text presents a financial breakdown of revenue, incentives, evaluation costs, and IT expenses under the cost allocation methodology. It includes DSM revenue, incentive programs (customer rebates, upstream costs), evaluation & verification, program support, depreciation, IT contracts, and marketing expenses, totaling $60,376 in revenue and $41,953 in incentives.
se customers are approved by NS Power for repayment terms up to 48 months. Financing costs related to the principal are paid to NS Power by the Corporation monthly and are considered part of the applicable program cost. The Corporation is...
AI summary The document outlines financing arrangements for approved customers by NS Power, detailing repayment terms, contingent liabilities, and estimated commitments for future incentive payments based on program criteria completion. It also provides figures for financing extended and fund shares.