HARYANA ELECTRICITY REGULATORY COMMISSION
SCO 180, SECTOR 5, PANCHKULA 134 109, HARYANA

FILING NO. 2 OF 2001

Date of Order: 30.01.2001

In the matter of Application filed by Haryana Vidyut Prasaran Nigam Limited for extension of time upto 31.01.2001 for filing of Interim Profit and Loss Account for the period from 01.04.2000 to 30.09.2000 in respect of Transmission and Bulk Supply Business.

Present:

Shri V. S. Ailawadi, Chairman
Shri R. Chandra, Member
Shri K. S. Chaube, Member

ORDER

This application has been filed by the HVPNL, licensee for seeking extension of time upto 31.01.2001 for filing of Interim Profit and Loss Account for the period from 01.04.2000 to 30.09.2000 in respect of Transmission and Bulk Supply Business.

As per clause 8.2 (b) (ii) and 8 (2)(d) of the Transmission and Bulk Supply Licence, the licensee HVPNL has to submit the Interim Profit and Loss Account of first six months of the financial year to the Commission not later than three months after the end of the period to which it relates. Thus HVPNL was required to file its Interim Profit and Loss Account for the period from 01.04.2000 to 30.09.2000 upto 31.12.2000.

In the application for extension of time the licensee has mentioned that the trial balance upto September 2000 are still awaited from some of the Accounting Units of HVPNL and that the consolidated trial balance shall be prepared after the receipt of the trial balance from all the accounting units and that the Interim Profit and Loss Account for the above period shall be submitted thereafter.

Mr. M. K. Mittal, CAO, HVPNL appearing on behalf of the licensee has explained that the Interim Profit and Loss Account for the period 01.04.2000 to 30.09.2000 was compiled in December, 2000 but in view of the order dated 14.12.2000 passed by the Commission some changes in the accounts had to be carried out. Mr. Mittal further submitted that the Distribution Companies had raised some disputes in respect of the energy account.

The Commission has considered the grounds mentioned in the application for extension of time as well as oral submissions made during the hearing. The Commission does not find any justification for seeking further time for submitting the Interim Profit and Loss Account on the ground of non-receipt of the trial balances from some of the accounting units of the licensee. The collection of trial balances from the Accounting Units is an administrative matter of the licensee. The Commission feels that this shows laxity of administrative control and it does not speak well of the management of the licensee.  The object of submission of the Interim Profit and Loss Account is defeated if unnecessary delay is made in submitting this important information to the Commission. The submission made by Mr. Mittal, that the DISCOMS had raised some disputes with regard to the actual number of units delivered by the Transmission and Bulk Supply Company to the DISCOMS, is also not a valid ground for extension of time for the submission of Interim Profit and Loss Account. Such disputes are normal in the business transactions of the licensee and arise on account of lack of meters to record the energy supplied/received and this cannot be made a ground for non submission of the information which is required under the licence condition. It exhibits lack of seriousness in dealing with these matters on the part of the licensee.

In view of the assurance given by Sh. Mittal that the Interim Profit and Loss Account for the period from 01.04.2000 to 30.09.2000 in respect of Transmission and Bulk Supply Business will be filed by 31.01.2001, the Commission allows the application for extension of time for one month upto 31.01.2001

Dated: 30^th January, 2001

Place: Panchkula