Topic:"Revenue Requirement" in M09689

Revenue recognition The Corporation follows the deferral method of accounting for revenue. Restricted revenue is recognized as revenue in the year in which the related expenses are incurred. Interest revenue on interest bearing deposits is...

AI summary The Corporation uses the deferral method for revenue accounting, recognizing restricted revenue in the year related expenses are incurred. Interest revenue from interest-bearing deposits is recognized in the DSM Fund or PNS Fund in the year it is earned.

1 Request IR-05: 2 3 Regarding EfficiencyOne Audited Financial Statements, Note 5, Revenue: 4 a) Please provide a detailed breakdown of the amounts in the table provided for the Fee- for-service revenue, Other revenue, and Recognition/(Def...

AI summary The request asks for a detailed breakdown of revenue categories, including Fee-for-service, Other revenue, and Recognition/(Deferral) of current year revenue, with a reconciliation of payments received and revenue recognized. The response begins by addressing part (a) and provides information on payments received from NS Power and revenue recognized in 2019 for the DSM Fund.

Request IR-5: 12 20 - 13 Regarding EfficiencyOne Audited Financial Statements, Note 5, Revenue: - 14 a) Please provide a detailed breakdown of the amounts in the table provided for the Fee-for- - 15 service revenue, Other revenue, and Reco...

AI summary Request IR-5 asks EfficiencyOne to provide a detailed breakdown of revenue figures, including fee-for-service revenue, other revenue, and the recognition or deferral of current year revenue, along with a reconciliation of payments received and revenue recognized.