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 2015-164.2.17 INCENTIVE FOR ACHIEVING TARGET AVAILABILITYIn accordance with the Tariff Regulations 2011, Incentive depends on the actual availability at the end ofthe year, hence same shall be considered at the time of truing up.4.2.18 AGGREGATE REVENUE REQUIREMENT FOR FY 2013-14 TO 2015-16Based on the parameters discussed in the above paragraphs, the Projected Aggregate RevenueRequirement (ARR) of PTCUL for each year of the Control Period FY 2013-14 to FY 2015-16 is providedin table below:Table 43: ARR for Intra State Transmission for FY 2013-14 to FY 2015-16 (Figures in Rs Crore)Particulars 2013-14 2014-15 2015-16Depreciation 58.44 65.17 70.79Interest on Loan 68.55 76.13 91.88Return on Equity 39.16 47.81 58.25Operations and Maintenance ExpensesEmployee Expenses 79.11 89.78 102.65R&M Expenses 32.44 41.44 45.97A&G Expenses 20.29 26.74 33.65Guarantee Fees 5.52 7.39 7.87Interest on Working Capital 10.99 12.97 15.01Net Expenditure 314.51 367.43 426.07Less: Non Tariff Incomes 1.30 1.37 1.44Aggregate Revenue Requirement (ARR) 313.21 366.06 424.634.2.19 ANNUAL TRANSMISSION CHARGES FOR FY 2013-14 TO FY 2015-16The annual transmission charges shall be determined as stated under Regulation 68 of the UERC TariffRegulations 2011:“The Annual Transmission Charges for the Transmission Licensee shall be determined, based on thenorms as specified in these Regulations and recovered on monthly basis as transmission charge from theusers who shall share the Transmission Charge in proportion of the allotted transmission capacity.”The generation capacity estimated to be handled by PTCUL intra-state transmission system for FY 2012-13 is 1960MW. An annual growth of 9% has been assumed during the Control Period for projecting thecapacity handled by the PTCUL transmission system.Power Transmission Corporation of Uttarakhand Ltd. Page 41