Chibro Petition - UJVN Limited Dehradun...

True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY161.7.5 In the previous Tariff Order issued in April 2012, Hon’ble Commission did nottake up True Up exercise and stated:1.7.5.1 “The Hon’ble Commission has decided to appoint an Expert Consultant toexamine the R&M expenses incurred during FY 2008-09 and FY 2009-10 andbased on its report, the Commission will carry out the truing up for theseyears in the next Tariff proceedings.”1.7.6 It is also respectfully submitted that –1.7.6.1 The Commission in the Tariff Order dated October 21, 2009 had directedthe Petitioner as under:“the Commission directs UJVNL to carry out an independent audit of all theR&M expenses for the period from FY 2001-02 onwards and submit a reportwithin six months from the date of this Order. The Commission furtherdirects UJVNL to have accounting of R&M expenses station-wise so thattruing up of R&M expenses may be done on the basis of audit report onactual R&M expenses of revenue nature for each station.”1.7.6.2 In this regard, Petitioner had submitted that in accordance to the abovedirective of the Commission it has appointed M/s. Mohit Goyal & Company,Chartered Accountants through a tender process to conduct independentaudit for R&M expenses for the period from FY 2001-02 onwards and theFirm has already completed its work. Further, the Petitioner submitted thatthough the work has been completed, the report is yet to be finalized.1.7.6.3 The Hon’ble Commission, in its Tariff Order dated May 10, 2011, directedthe Petitioner to submit the audit report of R&M expenses before it withinone month of the date of issuance of the said Order. The Petitioner, incompliance of the Commission’s directions, submitted the report to theCommission.1.7.6.4 The report, so submitted was voluminous and, hence, the Commissiondirected the Petitioner to summarise the complete details for each station,clearly, showing the individual and total amount of expenses booked foreach stations for each year.Chibro HEP November 2012 Page 11