Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC

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1. INTRODUCTIONPETITION FOR TRUE-UP OF FY 2004 TO FY 2011-12 &MYT PETITION FOR THE CONTROL PERIOD FY 2013-14 TO FY 2015-16In accordance with the provisions of the Uttar Pradesh Reorganization Act 2000 (Act 29 of 2000), enactedby the Parliament of India on 25th August 2000, the State of Uttaranchal came into existence on 9thNovember 2000. Section 63(4) of the above Reorganization Act allowed the Government of Uttaranchal(hereinafter referred to as “GoU” or “State Government”) to constitute a State Power Corporation at anytime after the creation of the State. GoU, accordingly, established the Uttaranchal Power CorporationLimited (UPCL) under the Companies Act, 1956, on 12th February 2001 and entrusted it with thebusiness of transmission and distribution in the State. Subsequently, from 1st April 2001, all workspertaining to the transmission, distribution and retail supply of electricity in the area of Uttaranchal weretransferred from Uttar Pradesh Power Corporation Limited (UPPCL) to UPCL, in accordance with theMemorandum of Understanding dated 13th March 2001, signed between the Governments of Uttaranchaland Uttar Pradesh.Meanwhile, Electricity Act 2003 was enacted by the Parliament of India on 10th June 2003, whichmandated separate licenses for transmission and distribution activities. In exercise of powers conferredunder sub-section 4 of Section 131 of the Electricity Act 2003, therefore, the Government of Uttarakhandthrough transfer scheme dated 31st May 2004 first vested all the interests, rights and liabilities related toPower Transmission and Load Dispatch of “Uttaranchal Power Corporation Limited” into itself andthereafter, re-vested them into a new company, i.e. “Power Transmission Corporation of UttaranchalLimited”, now “Power Transmission Corporation of Uttarakhand Limited” (hereinafter referred to as„PTCUL‟) after change of name of the State. The State Government, further vide another notificationdated 31st May 2004 declared Power Transmission Corporation of Uttarakhand as the StateTransmission Utility (STU) responsible for undertaking, amongst others, the following main functions:a) To undertake transmission of electricity through intra-state transmission system.b) To discharge all functions of planning and co-ordination relating to intra-state transmission system.c) To ensure development of an efficient, co-ordinated and economical system of intra-statetransmission lines.d) To provide open access.A new company in the State was thus, created to look after the functions of Intra-State Transmission andLoad Dispatch w.e.f. 31st May 2004. In view of re-structured function of UPCL and creation of a separatecompany for looking after the transmission related works, the Uttarakhand Electricity RegulatoryCommission (hereinafter referred to as the „Hon‟ble Commission‟ or the „UERC‟ or the „State Commission‟or the „Commission‟) amended the earlier „Transmission and Bulk Supply License‟ granted to UPCL andPower Transmission Corporation of Uttarakhand Ltd. Page 7
PETITION FOR TRUE-UP OF FY 2004 TO FY 2011-12 &MYT PETITION FOR THE CONTROL PERIOD FY 2013-14 TO FY 2015-16Transmission license was vested on PTCUL for carrying out transmission related works in the state videCommission‟s order dated June 9, 2004.Post the formation of a separate transmission company, the Hon‟ble Commission issued separate TariffOrders for PTCUL in line with the UERC (Terms and Conditions for Determination of Transmission Tariff)Regulations, 2004 (hereinafter referred to as “UERC Tariff Regulations, 2004”) which was notified on 25 thAugust 2004.Now the UERC has issued new tariff regulations i.e. UERC (Terms and Conditions for Determination ofTransmission Tariff) Regulations 2011 (hereinafter referred to as “UERC Tariff Regulations, 20011”)which have been notified on December 19, 2011. As per the new tariff regulations, the transmissionlicensee has to file an MYT Petition. The MYT petition is required to be submitted for the period FY 2013-14 to FY 2015-16 (Control Period) in line with the methodology described in this new Regulation.Further, the transmission licensee is also required to submit a business plan for the Control Perioddetailing the capital investment plan (including phasing of capital expenditure, funding, financing plan andcorresponding capitalization schedule) and transmission loss trajectory as part of the UERC TariffRegulations, 2011 prior to submission of the MYT Petition. In compliance to the same, the Petitioner hasalso submitted the Business Plan for the Control Period to the Hon‟ble Commission for approval.The Petitioner is now filing this Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 in accordance withSection 62 of the Electricity Act 2003 and the UERC (Terms and Conditions for Determination ofTransmission Tariff) Regulations 2011. Further, the Petitioner is also submitting for final truing up of itsexpenses for the period FY 2004-05 to 2010-11 and provisional truing up for FY 2011-12 (in absence ofCAG audit report), in accordance with the Uttarakhand Electricity Regulatory Commission (Terms andConditions for Determination of Transmission Tariff) Regulations 2004 along with all its amendments/addendums issued thereafter.Power Transmission Corporation of Uttarakhand Ltd. Page 8
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Multi-Year Tariff Petition for FY 2013-14 to FY 2015-16 - UERC

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