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1 PROCEDURAL ASPECTS OF THE ARR FILINGS AND PUBLIC OBJECTIONS

1.1 Procedural Aspects

1.2 Intervenors / Objectors

1.3 Summary of Objections raised by intervenors

1.3.2 Quality of Information

1.3.3 Sales Projection

1.3.4 Metering

1.3.5 High T&D Losses

1.3.6 Excess Receivables

1.3.7 Consumer Awareness

1.3.8 Higher Operational Expenses

1.3.9 Railway Tariff

1.4 The Licensee Response

1.4.1 Compliance of Directions

1.4.2 Poor Quality of Information

1.4.3 Metering

1.4.4 T&D Losses

1.4.5 Large outstanding receivables

1.4.6 Railway Traction Tariff

1.4.7 Other issues

2 STAFF COMMENTS AND THE LICENSEE’S RESPONSE

2.1 Important issues

2.1.1 Excessive increase in Receivables

2.1.2 Lower Collection Efficiency

2.1.3 Continuous increase in subsidy amount

2.1.4 Consumption Estimate

2.1.5 Distribution losses

2.1.6 Irregularities pointed out by the Statutory Auditors

2.1.7 Accumulated Financial Losses and Subvention from Government of Haryana

2.1.8 Non-compliance of Commission’s Orders / Directions

2.2 Cost elements

2.2.1 Power purchase cost

2.2.2 Employees Cost

2.2.3 Repair & Maintenance Expenses

2.2.4 Administrative & General Expenses

2.2.5 Depreciation

2.2.6 Interest on Loans

2.2.7 Total Expenditure

2.3 Capital Base

2.3.1 Gross Fixed Assets

2.3.2 Cash and Bank Balance

2.3.3 Stores

2.4 Non-Tariff Income

2.5 Total Aggregate Revenue Requirement

2.6 Suggestion for Tariff Rationalisation / Reduction

2.7 The Licensee Reply to the Staff Paper

3 ANALYSIS OF THE ARR FILING AND COMMISSION’S ORDER

3.1 Expenditure

3.1.1 Cost of Power purchased

3.1.2 Operation and Maintenance expenditure

3.1.3 INTEREST ON LOANS

3.1.4 DEPRECIATION

3.1.5 CONTRIBUTION TO CONTINGENCY RESERVE

3.1.6 OTHER EXPENDITURES

3.1.7 TOTAL EXPENDITURE

3.2 Capital Base

3.2.1 CAPITAL WORKS IN PROGRESS (CWIP)

3.2.2 GROSS FIXED ASSETS (GFA)

3.2.3 AMOUNT OF WORKING CAPITAL

3.2.4 AMOUNT OF COMPULSORY INVESTMENT

3.2.5 LOANS

3.3 Return on Capital Base

3.4 Non-Tariff Income

3.5 Aggregate Revenue Requirement

3.6 Receivables of Electricity Sales

3.7 Other Issues

3.7.1 The Electricity Act, 2003

3.7.2 Maintenance of Cost Records

3.7.3 Inter-Company Reconciliation

3.7.4 Availability of data

3.8 Performance Review of Distribution system

3.8.1 Failure of Distribution transformers

3.8.2 Circle-wise Distribution losses

3.8.3 Accidents in Distribution system

3.8.4 Lines and Sub-Stations added

3.8.5 Number of interruptions due to fault on 33 KV and 11 KV lines

3.8.6 Number of interruptions due to system constraint on 33 KV and 11 KV lines

3.8.7 Demand Side Management (DSM)

3.9 Transmission and Distribution Losses

3.10 Consumption Estimates

3.10.1 Review of FY 2002-03

3.10.2 Consumption estimate of FY 2003-04

3.10.3 Agriculture sales estimate

3.11 Subsidy from GoH

3.12 Total Revenue from Existing Tariff and Revenue Gap

3.12.1 Treatment of revenue surplus

4 CONCLUSION

ANNEXURE – 1

ANNEXURE – 2

ANNEXURE - 3

ANNEXURE – 4

GLOSSARY