Chibro Petition - UJVN Limited Dehradun...

More documents

Recommendations

Info

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
True-up of FY09, FY10, FY11 & MYT Petition for FY14, FY15, FY161.7.6.5 The Petitioner vide its reply dated March 14, 2012 submitted the summarysheet. Further, the Hon’ble Commission directed asked the Petitioner tosubmit the details of repairs and maintenance expenses as claimed by thePetitioner for FY 2008-09 and FY 2009-10. The Petitioner in its reply datedFebruary 17, 2012 submitted the details for some of the plants, as readilyavailable with the Petitioner.1.7.6.6 Hon’ble Commission further asked the Petitioner to submit the necessaryjustification for considering expenses of capital nature as revenueexpenditure under R&M expenses. The same was submitted by thePetitioner in its reply dated March 14, 2012.1.7.7 Presently, as per current status, the independent consultant has beenappointed by the Hon’ble Commission and process of examination of R&M hasbeen started. We have been submitting the required details in accordancewith the requirement of independent consultant time to time.1.7.8 In this regard, Petitioner again requests the Hon’ble Commission to considerthe O&M expenses in accordance with the Audited Accounts, which iscommon practice adopted by all Regulatory Commissions.1.7.9 Cost of concessional supplies to past and present employees residing in areasoutside the plant colonies:1.7.9.1 It is respectfully submitted that some departmental past and presentemployees of UJVNL are staying outside the colonies also. The cost ofconcessional power supply to such employee is determined by the Hon’bleCommission on the basis of the prevalent demand tariff rate undercategory RTS-1 added with duty to state govt. and fixed charges of Rs.20/connection/month.1.7.9.2 For the purpose of True Up of four years from FY 2008-09 to FY 2010-11,Petitioner has considered the same amount which was approved by theHon’ble Commission in the Tariff Order of respective financial year.Chibro HEP November 2012 Page 12
Page 3 and 4: A. Specific Legal Provisions under
Page 5 and 6: True-up of FY09, FY10, FY11 & MYT P
Page 17: True-up of FY09, FY10, FY11 & MYT P

Chibro Petition - UJVN Limited Dehradun...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?