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

PETITION FOR TRUE-UP OF FY 2004 TO FY 2011-12 &MYT PETITION FOR THE CONTROL PERIOD FY 2013-14 TO FY 2015-16PTCUL is submitting the projections for ARR for each of the years for the Control period FY 2013-14 toFY 2015-16 in line with the methodology defined in the UERC Tariff Regulations 2011.Further, it is submitted that going forward, PTCUL will have two revenue streams:Revenue from intra state transmission of energy which would be recoverable from the distributionutility i.e. UPCL (currently the sole beneficiary)Revenue from intra-state lines being used by generators for inter-state transfer of power andcharges for the use of these lines to inter-state consumers through CTU in accordance with thePoC mechanism adopted by the Hon‟ble CERC.Accordingly, PTCUL has projected the Aggregate Revenue Requirement (ARR) in two parts i.e. one forthe transmission network currently being utilized by the UPCL and second for the transmission network tobe utilized by various generating companies for evacuation of power for inter-state sale.Details of the assumptions along with justification for arriving at the various parameters of the ARR for therespective distribution networks are summarized in the sections below. The annual accounts of FY 2011-12 have been used as the basis for projections for the Control period. Also, the Petitioner has consideredthe capital expenditure for each year of the Control period in line with the detailed Business Plan for thecontrol period submitted to the Hon‟ble Commission for approval.4.2 AGGREGATE REVENUE REQUIREMENT FOR THE CONTROL PERIOD FY 2013-14 TO FY2015-16 IN RESPECT OF INTRA-STATE TRANSMISSION NETWORKPTCUL is responsible for constructing and maintenance of the transmission infrastructure in the Stateafter the unbundling of the transmission and distribution function of UPCL in on 31 st May 2004. Therefore,PTCUL was declared the State Transmission Utility by the Government of Uttarakhand. In compliance tothe UERC Tariff Regulations 2011, PTCUL is required to file aggregate revenue requirement for thecontrol period FY 2013-14 to FY 2015-16 with the Hon‟ble Commission for approval.In this section the Petitioner has outlined the broad details of the capital expenditure proposed to beundertaken during the control period i.e. FY 2013-14 to FY 2015-16 in line with the Business Plansubmitted to the Hon‟ble Commission for approval. Further, PTCUL has projected the aggregate revenuerequirement for each year of the Control Period in this section. The approach and assumptions adoptedby PTCUL for projection of each parameter for determination of aggregate revenue requirement duringthe period is detailed in paragraphs below:Power Transmission Corporation of Uttarakhand Ltd. Page 25