Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC
Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC
Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC
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PETITION FOR TRUE-UP OF <strong>FY</strong> 2004 TO <strong>FY</strong> 2011-12 &MYT PETITION FOR THE CONTROL PERIOD <strong>FY</strong> <strong>2013</strong>-<strong>14</strong> TO <strong>FY</strong> <strong>2015</strong>-<strong>16</strong>Transmission license was vested on PTCUL <strong>for</strong> carrying out transmission related works in the state videCommission‟s order dated June 9, 2004.Post the <strong>for</strong>mation of a separate transmission company, the Hon‟ble Commission issued separate <strong>Tariff</strong>Orders <strong>for</strong> PTCUL in line with the <strong>UERC</strong> (Terms and Conditions <strong>for</strong> Determination of Transmission <strong>Tariff</strong>)Regulations, 2004 (hereinafter referred <strong>to</strong> as “<strong>UERC</strong> <strong>Tariff</strong> Regulations, 2004”) which was notified on 25 thAugust 2004.Now the <strong>UERC</strong> has issued new tariff regulations i.e. <strong>UERC</strong> (Terms and Conditions <strong>for</strong> Determination ofTransmission <strong>Tariff</strong>) Regulations 2011 (hereinafter referred <strong>to</strong> as “<strong>UERC</strong> <strong>Tariff</strong> Regulations, 20011”)which have been notified on December 19, 2011. As per the new tariff regulations, the transmissionlicensee has <strong>to</strong> file an MYT <strong>Petition</strong>. The MYT petition is required <strong>to</strong> be submitted <strong>for</strong> the period <strong>FY</strong> <strong>2013</strong>-<strong>14</strong> <strong>to</strong> <strong>FY</strong> <strong>2015</strong>-<strong>16</strong> (Control Period) in line with the methodology described in this new Regulation.Further, the transmission licensee is also required <strong>to</strong> submit a business plan <strong>for</strong> the Control Perioddetailing the capital investment plan (including phasing of capital expenditure, funding, financing plan andcorresponding capitalization schedule) and transmission loss trajec<strong>to</strong>ry as part of the <strong>UERC</strong> <strong>Tariff</strong>Regulations, 2011 prior <strong>to</strong> submission of the MYT <strong>Petition</strong>. In compliance <strong>to</strong> the same, the <strong>Petition</strong>er hasalso submitted the Business Plan <strong>for</strong> the Control Period <strong>to</strong> the Hon‟ble Commission <strong>for</strong> approval.The <strong>Petition</strong>er is now filing this <strong>Multi</strong>-<strong>Year</strong> <strong>Tariff</strong> <strong>Petition</strong> <strong>for</strong> <strong>FY</strong> <strong>2013</strong>-<strong>14</strong> <strong>to</strong> <strong>FY</strong> <strong>2015</strong>-<strong>16</strong> in accordance withSection 62 of the Electricity Act 2003 and the <strong>UERC</strong> (Terms and Conditions <strong>for</strong> Determination ofTransmission <strong>Tariff</strong>) Regulations 2011. Further, the <strong>Petition</strong>er is also submitting <strong>for</strong> final truing up of itsexpenses <strong>for</strong> the period <strong>FY</strong> 2004-05 <strong>to</strong> 2010-11 and provisional truing up <strong>for</strong> <strong>FY</strong> 2011-12 (in absence ofCAG audit report), in accordance with the Uttarakhand Electricity Regula<strong>to</strong>ry Commission (Terms andConditions <strong>for</strong> Determination of Transmission <strong>Tariff</strong>) Regulations 2004 along with all its amendments/addendums issued thereafter.Power Transmission Corporation of Uttarakhand Ltd. Page 8