1 THE HARYANA ELECTRICITY REFORM ACT, 1997 ... - HIPA

electricity generation, transmission, distribution and supply related work as may benotified by the State Government as forming part of the personnel under this sectionnotwithstanding that they have been employed by other departments and organisations.Variation of Transfersby Agreement.25. (1) The State Government may provide that the transfers in terms of section 23and 24 shall be provisional for a period of five years from the effective date and reservethe right to alter, vary, modify, add or otherwise change the terms in such manner asthe State Government may consider appropriate ;(2) At any time before the end of the period of five years commencing on theeffective date, the Transco or generating company(ies) to whom property, interests inproperty rights, liabilities and personnel have been transferred, may with the consent ofthe State Government, draw up a transfer scheme to vest some or all of the property,rights, liabilities and personnel in another licensee, or generating companies subject tothe consents of such other licensee of generating companies to such vesting and anysuch transfer scheme shall take effect as if it were a transfer scheme under section 23and 24.PART VIIITARIFFSLicensee’s Revenues andTariffs.26. (1) The holder of each licence granted under this Act shall observe themethodologies and procedures specified by the Commission from time to time incalculating the expected revenue from charges which it is permitted to recover pursuantto the terms of its licence and in designing tariffs to collect those revenues.(2) The Commission shall (subject to the provisions of sub-section (3)) beentitled to prescribe the terms and conditions for the determination of the licenseesrevenue and tariffs by regulations duly published in the Official Gazette and in suchother manner as the Commission considers appropriate provided that in doing so theCommission shall be bound by the following parameters:--(a) the financial principles and their applications provided in the Sixth Scheduleto the Electricity (Supply) Act, 1948 read with sections 57 and 57-A of thesaid Act,(b) the factors which would encourage efficiency, economic use of theresources, good performance, optimum investments and other matters whichthe Commission considers appropriate keeping in view the salient objectand purposes of the provisions of this Act, and31