ADANI POWER MAHARASHTRA LIMITEDS TRANSMISSION BUSINESS Vs. STATE

JUDGEMENT

(1.) BACKGROUND AND BRIEF HISTORY

(2.) TRUE UP OF AGGREGATE REVENUE REQUIRMENT OF FY 2012 -13 APML -T in its MYT Petition had submitted ARR projections for FY 2012 -13. Based on the projections, the ARR for FY 2012 -13 was approved by the Commission vide its Order dated 10 January, 2013. In line with provisions of MYT Regulations and directions given under MYT Order, the Petitioner has submitted true up for FY 2012 - 13 comparing the actual expenses with approved expenses. APML -T has given details of its expenses under various heads, viz., Capital Expenditure, O&M expenses, depreciation, interest on loans, interest on working capital, income tax, etc. as per the data formats prescribed by the Commission. The Commission has discussed allowed expenditure on each of the expense heads and the total expenditure of APML -T approved by the Commission for the control period from FY 2012 -13 to FY 2015 -16, in the subsequent Sections.

(3.) PERFORMANCE REVIEW OF ARR FOR FY 2013 -14 As per Regulation 11.6 of MYT Regulations, the Commission shall approve the modifications to the forecast for the remaining control period at the time of Mid Term Performance Review. Regulation 11.6 of MYT Regulations reads as follows: "Upon completion of the Mid -term Performance Review, the Commission shall pass an order recording - (a) the approved aggregate gain or loss to the Generating Company or Transmission Licensee or Distribution Licensee on account of controllable factors and the amount of such gains or such losses that may be shared in accordance with Regulation 14.