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

* Actual expenditure is inclusive of the O&M towards new assets.PETITION FOR TRUE-UP OF FY 2004 TO FY 2011-12 &MYT PETITION FOR THE CONTROL PERIOD FY 2013-14 TO FY 2015-163.1.2 CAPITAL EXPENDITUREIt is submitted to the Hon‟ble Commission that capitalization against various schemes has not beenbooked completely in the trial balance for six months. Therefore, the half yearly capital expenditure andcapitalization are not reflective of the actual expense and capitalization.PTCUL has proposed the capital expenditure for FY 2012-13 in line with the Business Plan submittedwith the Hon‟ble Commission for approval.Table 11: Capex & Capitalization for Apr-Sep 2012 and proposed Capex & capitalization for FY 2012-13(Figures in Rs Crore)ParticularsActual for April-Sep 2012 (as pertrial balance)Proposed fro FY2012-13Capital Expenditure 51.13 120.57Capitalization 3.11 141.923.1.3 DEPRECIATIONThe actual closing gross fixed asset at the end of FY 2011-12 has been provided in the chapter for Trueup.Average depreciation rate of 2.93% for FY 2011-12 has been considered for the purpose ofcomputing depreciation on the gross fixed assets at the beginning of the year for FY 2012-13. Also, proratadeprecation has been calculated for assets which are expected to be commissioned during FY 2012-13.The tables below indicate the Depreciation for the plan period:Table 12: Proposed Depreciation for FY 2012-13 (Figures in Rs Crore)Particulars 2012-13Opening Block of Gross Fixed Assets 940.91Addition 141.92Closing Block of Gross Fixed Assets 1137.33Average Depreciation rate (as per actual FY 2011-12) 2.93%Depreciation on average GFA for FY 2012-13 27.993.1.4 INTEREST ON TERM LOANSFor the purpose of projection of interest on term-loans for FY 2012-13, actual outstanding balance ofloans has been considered as per the actual closing balance of FY 2011-12 and additions as per thePower Transmission Corporation of Uttarakhand Ltd. Page 19