Topic:"Revenue Requirement" in M12822

EFFICIENCYONE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025

AI summary The document presents EfficiencyOne's consolidated financial statements for the year ended December 31, 2025, providing a comprehensive overview of the organization's financial position and performance during the fiscal year.

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 Other (Note 3) Investment income (Note 4) I...

AI summary The text presents a consolidated statement of operations for the year ended December 31, 2025, including details on investment income, interest, and revenues. The document appears to be a financial statement and does not provide specific arguments or discussions about regulatory matters.

Chair, Finance Committee ( ): CA SH PR OV ID ED BY US ED FO R G To OP ER AT IN l su lus ta rp f fec h: Ite tin t a ms no g c as Am iza tio ort n ha h w kin l it C in ita ng es no n-c as or g c ap em s eiv b le Ac ts co un rec a b le HS T r...

AI summary The document contains a table with financial figures and terms related to cash, operations, liabilities, and various funds. It includes numbers such as '2,367' and '52,352,' suggesting financial reporting or accounting data. The table appears to be part of a regulatory proceeding involving Nova Scotia's utility sector.

Revenue recognition The Corporation follows the deferral method of accounting for revenue. Restricted fee-for-service or contribution revenue is recognized as revenue within the appropriate fund in the year in which the related expenses ar...

AI summary The Corporation uses the deferral method for revenue accounting, recognizing restricted revenue in specific funds when related expenses are incurred. Endowment contributions and investment income are allocated to funds based on restrictions, with endowment income affecting net assets directly.

Efficiency Nova Scotia Revenue Effective January 1, 2023, the Corporation entered into a three-year supply agreement with NS Power to provide demand-side management. The agreement provided funding of $173,000 over three years in monthly in...

AI summary Efficiency Nova Scotia entered into a three-year supply agreement with NS Power starting January 1, 2023, providing demand-side management services. The agreement includes a total funding of $173,000 over three years, with fee-for-service revenue of $62,500 in 2025 and $57,500 in 2024.

3. REVENUE AND CONTRACTUAL RIGHTS (continued)

AI summary The section titled '3. REVENUE AND CONTRACTUAL RIGHTS (continued)' introduces a regulatory proceeding focused on revenue and contractual rights, though no detailed content or arguments are present in the provided text.

During the year, the Corporation recognized $643 in revenue from HCi3 (2024 - $473) and $nil from other sources (2024 - $nil). nand-Side nagement Р rovincial Other Business Fund Fund Fund 2025 2024 Fee-for-service revenue $ 62,500 $ 38,958...

AI summary The Corporation recognized $643 in revenue from HCi3 in the year, with $473 in 2024, and $nil from other sources in both the year and 2024. A table shows various revenue streams and their amounts for different funds and years.

2025 2024 Investment distributions $ 659 $ 729 Realized gain on sale of investments 1,229 84 Investment management fees (92) (76) Change in fair market value (589) 862 Total investment income 1,207 1,599 Stabilization allocation (i) (892)...

AI summary The document presents a comparison of investment-related financial figures for 2025 and 2024, including investment distributions, realized gains, management fees, and fair market value changes. The Stabilization allocation is described as a reserve used to fund eligible expenses when annual investment proceeds fall below expectations.

- Mail your completed return to: Jonquière Tax Centre, T1044 Program, PO Box 1300 LCD Jonquière, Jonquière QC G7S 0L5 Do not use this area 107 Total receipts (add lines 100 to 106) 270,200,644 270,200,644 Part 3 – Statement of assets and l...

AI summary The document provides a financial statement including total receipts, assets, liabilities, and remuneration. It outlines cash, receivables, investments, and liabilities, with a focus on financial reporting for a fiscal period.

1. NATURE OF OPERATIONS EfficiencyOne ("the Corporation") was incorporated in July 2014 under the Canada Not-for-profit Corporations Act. Under Section 79C of the Public Utilities Act, the Corporation, as the franchise holder, has the excl...

AI summary EfficiencyOne, a not-for-profit incorporated in 2014, operates under the Public Utilities Act, managing demand-side management (DSM) programs for Nova Scotia Power. It maintains separate funds (DSM, PNS, Other Business) for accounting, follows deferral revenue recognition, and has endowment funds managed by HCi3. The NSUARB approved its EECA supply agreement.

General Index of Financial Information Notes to the financial statements Statement of Financial Position date are reflected as short-term investments. 2. SIGNIFICANT ACCOUNTING POLICIES (continued) Capital assets Capital assets are initial...

AI summary The document outlines significant accounting policies, capital asset amortization rates, and revenue from various agreements, including a three-year demand-side management agreement with NS Power and multiple provincial pilot programs. It includes details on financial estimates and assumptions, as well as contractual rights and revenue sources.

General Index of Financial Information Notes to the financial statements projects to mitigate climate impacts. Loans receivable are funded by endowments from FCM and the Province of Nova Scotia. During the year, HCi3 issued a loan receivab...

AI summary The document outlines financial details including a $200 loan receivable from HCi3 secured by a general security agreement, capital assets like furniture and leasehold improvements, a $7,500 demand loan from the bank, deferred revenue under Demand-Side Management (DSM) programs, and a contingency involving NS Power financing for BNI customers in energy efficiency programs.

Revenue recognition The Organization follows the deferral method of accounting for revenue. Restricted funding, other than endowment contributions, are recognized as revenue within the appropriate fund in the year in which the related expe...

AI summary The Organization uses the deferral method for revenue recognition, deferring restricted funding (except endowments) to the year expenses are incurred. Endowments directly increase net assets. Investment income from the Endowment Fund is allocated to Operating or Stabilization Funds based on external restrictions, with other income affecting net assets directly.

be De r 1 5, 20 22 ce m $ 20 7, 20 0 Ju ly 30 20 24 , 14 8, 00 0 ly Ju 30 20 25 , 14 8, 00 0 ly Ju 30 20 26 , 11 8, 40 0 ly Ju 30 20 27 , 88 80 0 , ly Ju 30 20 28 , 29 60 0 , $ 0, 00 0 74 The Organization recognized $148,000 as revenue in...

AI summary The Organization recognized $148,000 as revenue in the current year (2024) from various sources, including July 30, 2024, and future years up to 2028.

sts Board Only Confidential treatment of the following Attachments for the Audited Financial Statements: (eone to file 2025 financial statements april 23 2026(49897404.1).docx) mcinnescooper.com 1 EfficiencyOne has filed the information pr...

AI summary EfficiencyOne Services Inc. submitted audited financial statements for 2025 as part of a proactive response to prior information requests from the Nova Scotia Utility and Review Board. The submission includes commercially sensitive financial data and was signed by James R. Gogan.