Delhi Electricity Regulatory Commission (Terms and Conditions for Determination of Tariff) Regulations, 2017

570 DG/2017 (1) GOVERNMENT OF INDIA EXTRAORDINARY PUBLISHED BY AUTHORITY No. 1] DELHI, THURSDAY, FEBRUARY 2, 2017/MAGHA 13, 1938 [N.C.T.D. 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DEFINITIONS AND INTERPRETATION In these Regulations, unless the context otherwise requires, (1) “Act” means the Electricity Act, 2003 (36 of 2003), including any amendment thereto; (2) “Additional Capitalisation” means the capital expenditure incurred, or projected to be incurred after the date of commercial operation of the project and admitted by the Commission after prudence check; (3) “Aggregate Revenue Requirement” or “ARR” means the costs pertaining to the Utility’s business as determined by the Commission to be admissible in a Financial Year and to be recovered through tariff and charges, in accordance with these Regulations; (4) “Allocation Statement” means for each Financial Year, a statement in respect of each of the businesses of the Utility, showing the amounts of any revenue, cost, asset, liability, reserve or provisionetc, which has been either: (a) Determined by apportionment or allocation between different businesses of the Utility including the Licensed Business, together with a description of the basis of the apportionment or allocation; or (b) Charged from or to each such Other Business together with a description of the basis of that charge; (5) “Applicable Tariff” means the tariff determined by the Commission; (6) “Auditor” means an auditor empanelled with Comptroller and Auditor General (C&AG) of India and appointed by the Utility, in accordance with the provisions of the Companies Act, 2013 as amended from time to time; (7) "Auxiliary Energy Consumption" or "AUX" in relation to a period in case of a generating station means the quantum of energy consumed by auxiliary equipment of the generating station, such as the equipment being used for the purpose of operating plant and machinery including switchyard of the generating station and the transformer losses within the generating station, expressed as a percentage of the sum of gross energy generated at the generator terminals of all the units of the generating station: Provided that the auxiliary energy consumption shall not include the energy consumed for supply of power to housing colony and other facilities at the generating station and the power consumed for construction works at the generating station; (8) “Bank Rate” means the base rate or Marginal Cost of Fund based Lending Rate (MCLR) or any other Benchmark Rate as notified by the State Bank of India; (9) “Base Year” meansthe Financial Year immediately preceding first year of the Control Period as specified in these Regulations; (10) “Beneficiary” in relation to a generating station covered under Section 86 (1) of the Act, means a Distribution Licensee who is purchasing electricity generated at such generating station through a Power Purchase Agreement either directly or through a trading licensee on payment of fixed charges and by scheduling in accordance with the Grid Code: 38 DELHI GAZETTE : EXTRAORDINARY [PART III] Provided that the Distribution Licensee will also be a beneficiary when it is procuring power through a trading licensee, and such arrangement is secured through back to back Power Purchase Agreement and Power Sale Agreement; (11) “Block”””” in relation to a combined cycle thermal generating station includes combustion turbine-generator, associated waste heat recovery boiler, connected steam turbine- generator and auxiliaries; (12) “Books of Account” includes records maintained by a Utility in respect of— (a) all sum of money received and expended; (b) all sales and purchases of goods and services; (c) the assets and liabilities; and (d) any other cost/revenue items or financial transactions; (13) “Business Plan Regulations” means the Regulations of the Commission specifying the Business Plan of a Utility including the norms for various parameters of the Utilities for the Control Period, in accordance with provisions of Part 2 of these Regulations; (14) “Capital Cost” means the capital cost as determined by the Commission after prudence check in accordance with the relevant Regulations; (15) “Carrying Cost” means the cost for funding of Regulatory Asset/accumulated Revenue Gap; (16) “Carrying Cost Rate” means the weighted average rate of interest for funding of Regulatory Asset/accumulated Revenue Gap through debt and equity in an appropriate ratio, as specified by the Commission in the relevant Orders: (17) “CERC” means the Central Electricity Regulatory Commission; (18) “Change In Law” means occurrence of any of the following events: (a) Enactment, bringing into effect or promulgation of any new Indian law; or (b) adoption, amendment, modification, repeal or re-enactment of any existing Indian law; or (c) change in interpretation or application of any Indian law by a Competent Court, Tribunal or Indian Governmental Instrumentality which is the final authority under law for such interpretation or application; or (d) change by any competent authority in any condition or covenant of any consent or clearances or approval or license available or obtained for the project; or (e) coming into force or change in any bilateral or multilateral agreement/treaty between the Government of India and any other Sovereign Government/s or international convention or protocol having implication for the generating station or the transmission system regulated under these Regulations; (19) “Commission” means the Delhi Electricity Regulatory Commission; (20) "Communication System" includes communication system covered under Unified Load Dispatch and Communication (ULD&C) scheme, Supervisory Control and Data Acquisition System (SCADA), Wide Area Measurement (WAMS), Fibre-Optic Communication system, Remote Terminal Unit (RTU), Private Automatic Branch Exchange Radio Communication System and auxiliary power supply system etc. used for managing transmission and distribution of electricity; (21) "Competitive Bidding" means a transparent process for procurement of equipment, services and works in which bids are invited by the Utility through open advertisement covering the scope and specifications of the equipment, services and works required for the project or scheme, the terms and conditions of the proposed contract, the criteria by which the bids shall be evaluated, and shall include domestic as well as international competitive bidding; (22) “Conduct of Business Regulations” means the Delhi Electricity Regulatory Commission Comprehensive (Conduct of Business) Regulations, 2001, as amended from time to time; (23) “Consumer” means any person defined as such in the Act; (24) “Control Period” means a multi-year period specified by the Commission, from time to time, in the Business Plan Regulations; [PART III] DELHI GAZETTE : EXTRAORDINARY 39 (25) “Cut-off Date” means 31 st March of the year closing after two financial years of the year of commercial operation of whole or part of the project/scheme, and in case the whole or part of the project/scheme is declared under commercial operation in the last quarter of a financial year, the cut-off date shall be 31 st March of the year closing after three financial years of the year of commercial operation: Provided that the cut-off date may be extended by the Commission if it is established to the satisfaction of the Commission that the capitalisation could not be made within the cut-off date for reasons beyond the control of the Utility; (26) “Date of Commercial Operation” or "COD‟ means; (a) Date of commercial operation in case of a generating unit or block of the combined cycle thermal generating station shall mean the date declared by the Generating Entity after demonstrating the maximum continuous rating (MCR) or the installed capacity (IC) through a successful trial run and in case of the generating station as a whole, the date of commercial operation of the last generating unit or block of the generating station: Provided that: (i) where the beneficiaries have been tied up for purchasing power from the generating station, the trial run shall commence after seven days notice by the Generating Entity to the beneficiaries and scheduling shall commence from 00:00 hrs after completion of the trial run; (ii) the Generating Entity shall certify to the effect that the generating station meets the key provisions of the technical standards of Central Electricity Authority (Technical Standards for Construction of Electrical plants and electric lines) Regulations, 2010 and Grid Code as amended from time to time; (iii) the certificate shall be signed by the competent authority of the Generating Entity and a copy of the certificate shall be submitted to the Member Secretary, (Northern Regional Power Committee) and (b)Date of commercial operation in relation to a transmission system shall mean the date declared by the transmission licensee from 00:00 hour of which an element of the transmission system is in regular service after successful trial operation for transmitting electricity and communication signal from sending end to receiving end: Provided that: (i) where the transmission line or substation is dedicated for evacuation of power from a particular generating station, the Generating Entity and transmission licensee shall endeavour for commissioning the generating station and the transmission system simultaneously as far as practicable and shall ensure the same through appropriate Implementation Agreement; (ii) in case a transmission system or an element thereof is prevented from regular service for reasons not attributable to the transmission licensee or its supplier or its contractors but is on account of the delay in commissioning of the concerned generating station or in commissioning of the upstream or downstream transmission system or distribution system by other licensees , the transmission licensee shall approach the Commission for approval of the revised date of commercial operation of such transmission system or an element thereof; (c) Date of commercial operation in relation to a communication system or element thereof shall mean the date declared by the Utility from 00:00 hour of which a communication system or element is put into service after completion of site acceptance test including transfer of voice and data to respective control centre as certified by the respective SLDC; (d) Date of commercial operation in relation to Distribution System shall mean the date declared by the Distribution Licensee after charging of electrical line or substation or equipment of a Distribution System to its declared voltage level for its intended purpose after obtaining the required and applicable clearances from Electrical Inspector, if any. (27) "Day" means the 24 hour period starting at 00:00 hour; (28) "Declared Capacity" or "DC" in relation to a generating station means, the capability to deliver ex-bus electricity in MW declared by such generating station in relation to any time-block of the day as defined in the Grid Code or whole of the day, duly taking into account statutory clearance, availability of fuel or water, and subject to further qualification in the relevant Regulation; (29) "De-capitalisation"for the purpose of the tariff under these Regulations, shall mean removal/deletion of assets resulting into corresponding reduction in Gross Fixed Assets of the project/scheme as approved by the Commission; 40 DELHI GAZETTE : EXTRAORDINARY [PART III] (30) “Existing Project/Scheme” means a project/scheme which has been declared under commercial operation on a date prior to commencement of the Control Period; (31) "Expenditure Incurred" means the amount actually expended and paid in cash or cash equivalent, for creation or acquisition of an asset through deployment of equity or debt or both, and does not include commitments or liabilities for which no payment has been released; (32) "Extended Life" means the life of an asset or part thereof belonging to the Utility beyond the period of useful life, as may be determined by the Commission on case to case basis; (33) “Financial Year” or “Year” means a period commencing on 1 st April of a calendar year and ending on 31 st March of the subsequent calendar year; (34) "Force Majeure" for the purpose of these Regulations means any event or circumstance or a combination of events and circumstances, which or any consequences of which materially and adversely affects the performance of the Utility in the discharge of its obligations or completion of project/scheme, within the specified time and which is beyond its reasonable control and which the Utility could not have prevented by the exercise of reasonable care and diligence; (35) "Generating Entity" means any company or firm or body corporate or association or body of individuals whether incorporated or not or artificial juridical person, which owns and/or operate a generating station; (36) "Generating Station" means any station for generating electricity, including any building and plant with step- up transformer, switch-gear, switch yard, cables or other appurtenant equipment, if any, used for that purpose and the site thereof; a site intended to be used for a generating station, and any building used for housing the operating staff of a generating station, and where electricity is generated by water power, includes penstocks, head and tail works, main and regulating reservoirs, dams and other hydraulic works, but does not in any case include any sub-station; (37) "Generating Unit" in relation to a thermal generating station (other than combined cycle thermal generating station) means steam generator, turbine-generator and auxiliaries, or in relation to a combined cycle thermal generating station, means turbine generator and auxiliaries; (38) “Grid Code” means the Indian Electricity Grid Code specified by the Central Commission and the Delhi Electricity Regulatory Commission (State Grid Code) Regulations, 2008 as amended from time to time or subsequent re-enactment thereof; (39) “Gross Calorific Value" or “GCV" in relation to a thermal generating station means the heat produced in kCal by complete combustion of one kilogram of solid fuel or one litre of liquid fuel or one standard cubic meter of gaseous fuel, as the case may be; (40) "Gross Station Heat Rate" or "GHR" means the heat energy input in kCal required to generate one kWh of electrical energy at generator terminals of a thermal generating station; (41) “Implementation Agreement” means the agreement, contract or memorandum of understanding, or any such covenant, entered into (i) between transmission licensee and generating station or (ii) between transmission licensee and developer of the associated transmission system for the execution of project in coordinated manner or iii) between transmission licensee and distribution licensee of the associated transmission system; (42) “Infirm Power" means electricity injected into the grid prior to the date of commercial operation of a unit or block of the generating station; (43) “Installed Capacity" or "IC" means the summation of the name plate capacities of all the units of the generating station or the capacity of the generating station reckoned at the generator terminals, as may be approved by the Commission from time to time; (44) “Investment Approval" means approval by the Board or the relevant competent authority of the Utility conveying administrative approval for the project including funding of the project and the timeline for the implementation of the project: Provided that the date of Investment Approval shall be reckoned from the date of the resolution/minutes of the Board/approval by competent authority; (45) “Kilowatt-Hour" or "kWh" means a unit of electrical energy, measured in one kilowatt or one thousand watts of power produced or consumed over a period of one hour; (46) “Licence” means a Licence granted under Section 14 of the Act; (47) “Licensed Business”means the functions and activities, which are required to be undertaken by the Licensee, in terms of the Licence granted or being a deemed Licensee, as the case may be, under the Act; [PART III] DELHI GAZETTE : EXTRAORDINARY 41 (48) “Licensee” means a person who has been granted a Licence and shall include a deemed Licensee; (49) “Maximum Continuous Rating' or "MCR" in relation to a generating unit of the thermal generating station means the maximum continuous output at the generator terminals, guaranteed by the manufacturer at rated parameters, and in relation to a block of a combined cycle thermal generating station means the maximum continuous output at the generator terminals, guaranteed by the manufacturer with water or steam injection (if applicable) and corrected to 50 Hz grid frequency and specified site conditions; (50) “New Project’ means the project achieving COD or anticipated to be achieving COD on or after the commencement of Control Period; (51) "Non-Tariff Income”means income incidental to the Licensed business other than the income from Tariff; (52) “Normative Annual Plant Availability Factor" or "NAPAF" in relation to a generating station means the availability factor as specified in the Business Plan Regulations; (53) "Original Project Cost" means the capital expenditure incurred by the Utility within the original scope of the project up to the cut-off date as approved by the Commission; (54) “Original Scope of Work” means the activities to be performed under a contract or sub-contract in the completion of project or scheme as approved by the Commission; (55) “Other Business” means any other business of the Licensee other than the licensed business; (56) "Plant Availability Factor" or "(PAF)" in relation to a generating station for any period means the average of the daily declared capacities (DCs) for all the days during the period expressed as a percentage of the installed capacity in MW less the normative auxiliary energy consumption; (57) "Plant Load Factor" or "(PLF)" in relation to generating station or unit for a given period means the total sent out energy corresponding to scheduled generation during the period, expressed as a percentage of sent out energy corresponding to installed capacity in that period and shall be computed in accordance with the following formula: Where, IC = Installed Capacity of the generating station or unit in MW, SGi = Scheduled Generation in MW for the i th time block of the period, N = Number of time blocks during the period, and AUXn = Normative Auxiliary Energy Consumption as a percentage of gross energy generation; (58) "Prudence Check" means scrutiny of reasonableness of revenue and capital expenditure incurred or proposed to be incurred, financing plan, use of efficient technology, cost and time over-run and such other factors as may be considered appropriate by the Commission for determination of tariff; (59) “Related Party” means the persons as defined in Section 2(76) of the Companies Act, 2013 as amended from time to time; (60) “Retail Supply Business” means the business of sale of electricity by the Licensee to the consumers within its area of supply in accordance with the terms of the Licence for distribution and retail supply of electricity; (61) “Retail Supply Tariff” is the applicable tariff to be charged by the Licensee for supply to its consumers; (62) “Salvage value” means the amount received for capital asset or part thereof retired, less expenses incurred in connection with the sale of such capital asset; (63) "Scheduled Energy" means the quantum of energy scheduled by the state Load Dispatch Centre to be injected into the grid by a generating station for a given time period; (64) "Scheduled Generation" or "SG" at any time or for any period or time block means schedule of ex-bus generation in MW or MWh, given by the State Load Dispatch Centre (SLDC) for respective Generating Entity as per the provisions of State Grid Code 2008 amended from time to time; (65) “Start Date or Zero Date" means the date indicated in the Investment Approval for commencement of implementation of the project and where no date has been indicated, the date of investment approval shall be deemed to be the Start Date or Zero Date; 42 DELHI GAZETTE : EXTRAORDINARY [PART III] (66) “Thermal Generating Station” means a generating station or a unit thereof that generates electricity using fossil fuels as its primary source of energy; (67) “Trading Business” means the business of purchase of electricity by the Distribution Licensee for resale thereof to other Licensee or category of consumers outside the area of supply of the Distribution Licensee; (68) “Transmission System" means a line or a group of lines with or without associated sub-station, equipment associated with transmission lines and sub-stations; (69) “Trial Run and Trial Operation” (a) Trial Run in relation to generating station or unit thereof shall mean the successful running of the generating station or unit thereof at maximum continuous rating or installed capacity for continuous period of 72 hours in case of unit of a thermal generating station or unit thereof: (b) Trial operation in relation to a transmission system or an element thereof shall mean successful charging of the transmission system or an element thereof for 24 hours at continuous flow of power, and communication signal from sending end to receiving end and with requisite metering system, telemetry and protection system in service enclosing certificate to that effect from concerned State Load Dispatch Centre; (70) "Useful life" means number of years from the CODin relation to a unit of a Generating Station, Transmission System and Distribution system or part thereof as provided in Appendix-1 of these Regulations; (71) "Utility" means any Generating Entity, Transmission Licensee, Distribution Licensee, System Operator or any other company/Licensee whose business is required to be governed and/or tariff is to be determined by the Commission; (72) “Wheeling Business” means the business of operating and maintaining a Distribution System or Transmission System, as the case may be, for conveyance of electricity in the area of supply of the Distribution Licensee or Transmission Licensee. Words and expressions used in these Regulations and not defined herein but defined in the Act or any of the Regulations notified by the Commission shall have meaning assigned to them there-under. PART 2 Business Plan 3. The Commission shall notify Business Plan Regulations for each Control Period based on the Business Plan submitted by the Utility which shall be read as part of these Regulations. 4. The Business Plan Regulations shall contain the following parameters applicable for a Control Period: (1) Rate of Return on Equity, (2) Margin for rate of interest on Loan, (3) Operation and Maintenance Expenses, (4) Capital Investment Plan, (5) Mechanism for sharing of incentive-disincentive mechanism, (6) Allocation of overhead expenses incurred on account of Administrative Expenditure out of Operation and Maintenance Expenses for creation of Capital Asset, (7) Generating Norms: (a) Gross Station Heat Rate, (b) Plant Availability Factor, (c) Secondary Fuel oil consumption; (d) Auxiliary consumption and (e) Plant Load Factor; (8) Transmission Norms: (a) Annual Transmission system availability; (b) Annual Voltage wise Availability; [PART III] DELHI GAZETTE : EXTRAORDINARY 43 (9) Distribution Norms: (a) Distribution Loss Target; (b) Collection Efficiency Target; (c) Targets for Solar and Non Solar RPO; (d) Contingency limit for Sale throughDeviation Settlement Mechanism (Unscheduled Interchange) transactions (e) The ratio of various ARR components for segregation of ARR into Retail Supply and Wheeling Business. 5. The Utility shall prepare and submit a Business Plan for next 5 (five) years latest by 31 st July of it’s Base Year comprising of yearly projection of the following parameters, as applicable to the Utility: GENERATING ENTITY (1) Operational Data (a) Gross Station Heat Rate, (b) Plant Availability Factor, (c) Secondary Fuel Oil consumption, (d) Auxiliary consumption and (e) Plant Load Factor; (2) Other Data (a) Detailed year-wise Capital Investment Plan with cost benefit analysis, (c) Cost of Primary and Secondary Fuel, (d) Appropriate capital structure and cost of financing (interest on debt), terms of the existing loan agreements, etc., (e) Operation and Maintenance (O&M) costs, (f) Details of Depreciation; TRANSMISSION LICENSEE (3) Detailed year wise Capital Investment Plan for the Transmission Licensee with cost benefit analysis; (4) Appropriate capital structure and cost of financing (interest on debt), terms of the existing loan agreements, etc; (5) Operation and Maintenance (O&M) costs; (6) Details of depreciation based on the useful life of the asset and capitalisation schedules; DISTRIBUTION LICENSEE (7) Sales Forecast for each consumer category and sub-categories based on following factors: (a) Category wise growth in No. of Consumers, (b) Category wise growth in Sanctioned Load/Contract Demand (MW), (c) Economic Cycle (boom, recession, Government policies etc.), (d) Impact of Open Access (MU), Net Metering (MU), Demand Side Management measures (MU) etc, (e) Any other factor impacting the sales; (8) Distribution Loss & Collection Efficiency trajectory consisting of: (a) Total and voltage-wise distribution losses (%) along with the basis thereof, (b) Total and category-wise revenue collection, (c) AT&C loss level based upon past trends, sales growth and any other factors; (9) The AT&C Loss shall be the relationship between Distribution Loss and Collection Efficiency computed as per the following formula: 44 DELHI GAZETTE : EXTRAORDINARY [PART III] where, AT&C Loss, Distribution Loss and Collection Efficiency are in (%) percentages (10) Any units assessed and billed on account of theft shall only be considered in the year of its realization as specified in the Section 126 (6) of the Act; (11) Collection Efficiency shall be measured as ratio of total revenue realised to the total revenue billed in the same year: Provided that Revenue Realised or Revenue Billed on account of electricity duty, late payment surcharge, any other surcharge shall be excluded from the computation of Collection Efficiency; (12) Distribution Loss shall be measured as the difference between the Energy units input into the distribution system for sale to all its consumer(s) and the total Energy units billed in its Licensed area in the same year; (13) Power Procurement Plan based on the sales forecast and distribution loss trajectory to serve the demand for electricity in its area of supply clearly indicating estimated quantum of power to be procured from Long-Term sources: Provided that the estimate should be expressed in Mega-Watt (MW) as well as Million Units (MU); (14) The Distribution Licensee shall submit validity of the PPAs for existing Long-Term sources and expected CoD of the future sources; (15) For the short term power requirement & procurement the Distribution Licensee shall be guided by the provisions of these Regulation in addition to the guidelines issued by the Central Government from time to time; (16) Capital Investment Plan taking into account the sales/demand forecast, power procurement plan, distribution loss trajectory, targets for quality of supply etc.; (17) The investment plan shall be scheme-wise and include: (a) Purpose of investment (such as replacement of existing assets, meeting load growth, technical loss reduction, reactive energy requirements, customer service improvement, improvement in quality and reliability of supply, etc), (f) Performance improvement envisaged in the Control Period, (g) Any other factors influencing investment, (18) Capital structure and cost of financing (interest on debt) and terms of the existing loan agreements, etc; (19) Operation and Maintenance (O&M) costs; (20) Details of depreciation schedule based on the useful life of the asset and capitalisation schedules. 6. The Utility shall submit audited financial statement including Cost Audit report, wherever applicable and data for the cost, revenue and other operating parameters for preceding 5 (five) years along with the Business Plan comprising of following data, as applicable to the Utility: [PART III] DELHI GAZETTE : EXTRAORDINARY 45 (1) Rate of interest on Loan, (1) Operation and Maintenance Expenses, (2) Capital Expenditure and Capitalisation, (3) Non Tariff Income (4) Other Business Income (5) Actual Generating Parameters: (a) Quantum of Generation (b) Primary Fuel consumption and cost (c) Gross Station Heat Rate, (d) Plant Availability Factor, (e) Secondary Fuel oil consumption and cost; (f) Auxiliary consumption and (g) Plant Load Factor; (6) Actual Transmission Parameters: (a) Quantum of Energy Wheeled, (b) Transmission Charges and other Charges collected, (c) Annual Transmission system availability, (d) Annual Voltage wise Availability, (e) Voltage Wise and Bay wise – O&M Expenses, (7) Actual Distribution Parameters: (a) Quantum of Sales Category wise, (b) Connected Load Category wise, (c) Base Load and Peak Load, (d) Quantum of Power Purchase and Bulk Sale, (e) Long term and Short Term Power Purchase Cost, (f) Income through Sale of Surplus Power, (g) Voltage wise Distribution Loss, (i) Solar and Non Solar RPO, (j) The ratio of allocation for various ARR components for segregation of ARR into Retail Supply and Wheeling Business. 7. The Utility shall submit all source data and indexation parameters used in preparing the Business Plan PART 3 TARIFF PETITION GENERATING ENTITY and Transmission Licensee 8. The Generating Entity and Transmission Licensee shall submit Annual Tariff Petition, based on the information and principles specified in the Business Plan Regulations, at least, one hundred and fifty (150) days prior to the end of relevant financial Year. 9. The Commission shall issue Annual Tariff Order for each year of the Control Period based on the principles laid down in these Regulations read with Business Plan Regulations for the respective Control Period notified by the Commission. 10. The Commission shall true up various components of the ARR of the Generating Entity and Transmission Licensee at the end of the Financial Year as detailed out in these Regulations. 46 DELHI GAZETTE : EXTRAORDINARY [PART III] DISTRIBUTION LICENSEE 11. The Distribution Licensee shall submit Annual Tariff Petition, at least, one hundred and fifty (150) days prior to the end of relevant financial Year which shall contain: (1) Sales Forecast for the ensuing year and audited Sales for previous Year on monthly basis as prescribed in the Appendix-2; (2) Expected Revenue to be billed for the ensuing year and audited Revenue Billed and Realised for previous Year as prescribed in the Appendix-2; (3) Power Procurement Quantum & Cost for ensuing Year and audited Power Purchase Quantum & Cost for previous Year on monthly basis indicating Long Term and Short Term, Renewable Energy Purchase and other applicable Charges as prescribed in the the Appendix -2: Provided that the Distribution Licensee shall propose the indicative cost of power procurement taking into account revenues from Short term sale of Surplus Power and maximum normative rebate available from each entity; Provided that the Renewable Purchase Obligation of the Distribution Licensee as per the Delhi Electricity Regulatory Commission (Renewable Purchase Obligation and Renewable Energy Certificate Framework Implementation) Regulations, 2012 as amended from time to time shall be part of the Distribution Licensee’s Power Procurement Cost; (4) Actual and Expected intra- State & inter-State Transmission Loss & Charges including Load Dispatch Charges, Open Access Charge indicating maximum normative rebate available from each entity for the previous and ensuing Year respectively: Provided that the Distribution Licensee shall propose Wheeling Charges in case the distribution network of other Distribution Licensee is used for procurement of power for the Retail Supply Business; (5) Actual and Expected amount on account of Cross-Subsidy Surcharge and Additional Surcharge to be received by the Licensee, as approved by the Commission from time to time in accordance with the Delhi Electricity Regulatory Commission (Terms and Conditions of Open Access) Regulations 2005 as amended from time to time, shall be indicated separately against the consumer category by the Distribution Licensee; (6) Actual Voltage wise Distribution Loss and Collection Efficiency for the previous Year; (7) Energy Audit Report of distribution network of the Distribution Licensee for previous Year by certified energy auditor from Bureau of Energy Efficiency; (8) Monthly Energy Balance for the ensuing & previous Year; (9) Actual and Expected additional Expenses on account of O&M beyond the Control of Distribution Licensee for the ensuing & previous Year respectively; (10) Actual and Expected Capitalisation and Depreciation Schedule for the previous and ensuing Year respectively; (11) Actual and Expected Non Tariff Income including Other Business Income for the previous and ensuing Year respectively; (12) Actual weighted average rate of interest on loan. FINANCIAL STATEMENTS 12. The Tariff Petition shall be accompanied by following Reports and/or Statements duly certified by the Auditor, as applicable: (a) Shareholding structure of the Utility along with details of Shareholding and Cross- Shareholding among related parties; (b) Accounting Policies including: (i) Ratio for allocation of common expenses and allocation of jointly used assets/revenue among related parties; (ii) Ratio for allocation of common expenses/revenue within different business segments of the Utility: a) Generation and/or Transmission and/or Distribution of a Utility, b) Different Units of a Generating Entity, c) Retail and Wheeling Supply of a Distribution Company, d) Any other identifiable Business i.e., Consultancy etc. (c) Allocation of overhead cost to capitalised assets in Balance sheet and its exclusion from Operations & Maintenance expenses in Profit & Loss Account; (d) Year wise asset register indicating capitalisation & depreciation; [PART III] DELHI GAZETTE : EXTRAORDINARY 47 (e) Allocation of capital cost/expense for various voltages; (f) Pro-rated allocation of assets/expenses for various categories of consumers; (g) Break up of any surcharge collected with Tariff; (h) Statement on source of financing and amortization of Regulatory Asset, wherever applicable, created through Revenue Gap; (i) Loan utilisation certificate for all the loans availed by the licensee during the relevant year duly reconciled with statutory books of accounts including: a) Capital Expenditure (CAPEX), b) Capital Work in Progress (CWIP), PART 4 PROCEDURE FOR TARIFF DETERMINATION FILING OF PETITION FOR DETERMINATION OF TARIFF 13. The Utility shall file a Petition for True up of ARR for previous years and determination of tariff in such form and in such manner as specified inthese Regulations along with relevant formats of Generating Entity, Transmission Licensee and Distribution Licensee, as the case may be, duly supported with detailed computations. 14. The Petition shall be accompanied by such fees as specified under Delhi Electricity Regulatory Commission Comprehensive (Conduct of Business) Regulations, 2001, as amended from time to time. 15. The Utility shall deliver a Presentation and submit the Executive Summary on the Petition under Regulation 0 before the Commission within a week of its submission. 16. Any Petition at variance or deficient with respect to these Regulations shall be returned to the Utility, for rectification and resubmission within the time specified in the communication by the Commission. 17.The Utility shall upload and maintain on its website the complete Tariff Petition as admitted by the Commission, in “downloadable format” showing detailed computations, filed before the Commission with a web-link for its easy accessibility for a period of at least 1(one) year after the date of issuance of the Tariff Order. Explanation— For the purpose of this Regulation, the term “downloadable format” shall mean all linked files containing assumptions, formulae, calculations, macros and outputs etc. forming the basis of the Petition. 18. The Utility shall provide a copy of the Tariff Petition to any interested party, against charges not exceeding the amount stipulated by the Commission from time to time. 19. The Utility shall, if so directed by the Commission, file e-Petition (electronic mode) for determination of tariff. PROCESS FOR DETERMINATION OF TARIFF AND ISSUANCE OF TARIFF ORDERS 20. The Commission shall upload the Tariff Petitions along-with the Executive Summary on its website within seven working days from the date of it’s admission for information and seeking observations, suggestions and objections from the stakeholders including the consumers or consumer associations. 21.The Commission shall conduct prudence check of the claims made by the Utility and if so required, seek additional information, supporting documents, clarifications, etc. 22.The Commission shall issue the Tariff Order after considering the observations, suggestions and objections from any person and the response received thereof from the Utility. 23.The proceedings for determination of Tariff shall be in accordance with the Delhi Electricity Regulatory Commission Comprehensive (Conduct of Business) Regulations, 2001, as amended from time to time. 24. Notwithstanding anything contained in these Regulations, in the event of non filing of the Tariff Petition by the Utility, the Commission may initiate suo-motu proceedings for tariff determination in accordance with these Regulations read with the Business Plan Regulations. 48 DELHI GAZETTE : EXTRAORDINARY [PART III] PART 5 ARR Components CAPITAL COST 25. The Capital Cost of a new project or scheme shall include the following: (1) The expenditure incurred or projected to be incurred up to the date of commercial operation of the project or scheme as approved by the Commission; (2) Interest during construction and financing charges, on the loans being equal to debt as per financing excluding however the equity deployment, provided however the equity deployment shall not exceed 30% of the capital cost and in case equity is deployed in excess of 30% the excess shall be deemed to be a debt or notional loan; (3) Capitalized initial spares subject to the ceiling rates specified by the Commission; (4) Expenditure on account of additional capitalization determined in accordance with these Regulations; (5) Adjustment of revenue on account of sale of infirm power by Generating Entity in excess of fuel cost prior to the COD as specified under these Regulations; and (6) Adjustment of any revenue earned by the Utility, including by using the assets, before COD. 26. The Capital cost of an existing project or scheme shall include the following: (1) The trued-up capital cost excluding liability admitted by the Commission; (2) Additional capitalization and de-capitalization for the respective year of tariff as determined in accordance with these Regulation; and (3) Expenditure on account of renovation and modernisation as admitted by the Commission in accordance with these Regulations. 27. The capital cost incurred or projected to be incurred on account of any applicable PAT (Perform, Achieve and Trade) scheme of Government of India will be considered by the Commission on case to case basis and shall include: (1) Cost of plan proposed by developer in conformity with norms of PAT Scheme; and (2) Sharing of the benefits accrued on account of PAT Scheme. 28. The cost for the following shall be excluded or removed from the capital cost of the existing and new project or scheme as detailed out in Regulations 0 to 0 in these Regulations: (1) The assets forming part of the project or scheme, but not in use; (2) De-capitalized or retired asset. 29. Any grant or contribution or facility or financial support received by the Utility from the Central and/or State Government, any statutory body, authority, consumer or any other person, whether in cash or kind, for execution of the project or scheme, which does not involve any servicing of debt or equity or otherwise carry any liability of payment or repayment or charges shall be excluded from the Capital Cost for the purpose of computation of interest on loan, return on equity and depreciation. 30. The following principles shall be adopted for approval of capital cost of any project or scheme: (1) Prudence Check of capital cost considering: (a) The benchmark norms specified, if any, by the Commission from time to time, (b) Scrutiny of the capital expenditure, financing plan, interest during construction, incidental expenditure during construction for its reasonableness, use of efficient technology, cost over-run and time over-run, (c) Mode of procurement, (d) Geographical Information System (GIS) mapping of the assets, and (e) Any other parameter considered appropriate by the Commission for determination of tariff. (2) Capital cost over and above the specified benchmark norms, if any, may be considered based on reasons submitted by the Utility for exceeding the capital cost from benchmark norms to the satisfaction of the Commission on case to case basis. [PART III] DELHI GAZETTE : EXTRAORDINARY 49 INTEREST DURING CONSTRUCTION (IDC) 31. Interest during construction shall be computed corresponding to the loan as specified in Regulation 0(2) of these Regulations from the date of infusion of debt fund, and after taking into account the utilization of funds upto COD. 32. The Commission shall allow IDC based on the prudence check and subject to any conditions as may be prescribed by the Commission from time to time: Provided that the Commission may allow IDC for any period of delay or part thereof, to the extent not attributable to the Utility, its suppliers or contractors or is resultant from a force majeure event. INCIDENTAL EXPENDITURE DURING CONSTRUCTION (IEDC) 33. Incidental expenditure during construction shall be computed from the zero date and after taking into account the following: (1) Pre-operative expenses and additional expenditure when IDC is admissible necessary to be incurred upto COD as set out herein; (2) Adjustment for any revenue earned during construction period up to COD on account of interest on deposits or advances; (3) Adjustment for any other receipts during construction. 34. In case of additional costs on account of IEDC due to delay in achieving the COD, the Utility shall be required to furnish detailed justification with supporting documents for such delay including the details of incidental expenditure during the period of delay and liquidated damages, if any, recovered or recoverable corresponding to the delay. 35. Any additional cost on account of IEDC due to delay in achieving the COD shall be examined by the Commission on case to case basis. 36. In case the time over-run beyond scheduled COD is not admissible after due prudence check, the increase of capital cost on account of cost variation corresponding to the period of time over-run shall be excluded from capitalization irrespective of price variation provisions in the contracts with supplier or contractor of the Utility. 37. No additional impact of time over-run or cost over-run shall be admissible on account of non-commissioning of the generating station or associated transmission system or associated distribution system by scheduled COD, as the same should be recovered through Implementation Agreement between the generating company, transmission licensee and distribution licensee. 38. Initial spares shall be capitalized as a percentage of the Plant and Machinery cost upto cut-off date, subject to the norms specified in CERC (Terms and Conditions of Tariff) Regulations, 2014 as amended from time to time for Generating Entity and Transmission Licensee: Provided that the norms specified for capitalisation of initial spares for Transmission Licensee shall also be applicable mutatis mutandis to the Distribution Licensee. DEPOSIT SCHEME 39. The project or scheme executed by the Utility after obtaining either full or part of the funds from the users/consumer/any other agency in the context of consumer contribution, deposit works, or grant received from the State and/or Central Governments, etc. shall be classified under Deposit Scheme. 40. Principles for treatment of the expenses on such capital expenditure shall be as follows: (1) Any unspent amount on account of deposit work and consumer contribution shall have to be refunded by the Utility: Provided that no interest shall be levied on the unspent amount, if the unspent amount is refunded by the utility within 30 (thirty) days after CoD; Provided further that interest at the rate of Bank Rate plus margin shall be levied on the unspent amount, if the unspent amount is refunded by the utility after 30 (thirty) days and upto 1 (one) year after CoD for the period between 31 st day after CoD till date of refund; Provided also that interest at the rate of 1.2 times of Bank Rate plus margin shall be levied on the unspent amount, if the unspent amount is refunded by the utility after 1 (one) year of CoD for the period between 31 st day after CoDtill date of refund; 50 DELHI GAZETTE : EXTRAORDINARY [PART III] Provided that any interest paid on this account shall not form part of the ARR; (2) Any under-recovery on account of deposit work and consumer contribution shall be collected by the Utility within 30 (thirty) days after CoD; Provided that, the Utility shall specify a due date of payment which shall not be less than 15 (fifteen) days from the date of raising the demand note for under-recovered amount; Provided further that Utility shall levy interest at applicable bank rate as on 1 st April of the relevant financial year on the balance unrecovered amount left after due date; (3) Normative O&M expenses on the capital assets created through consumer contribution, deposit works and grant shall be allowed as specified in these Regulations; (4) Provisions related to Depreciation, Return on Equity and Interest on Loan shall not be applicable on such capital assets to the extent of financial support utilised through consumer contribution, deposit work and grant; (5) No additional impact of time over-run or cost over-run shall be admissible on account of non energisation of the associated distribution system by scheduled COD, as the same should be recovered through mutual agreement between the distribution liocensee from the developer. ADDITIONAL CAPITALISATION 41. The capital expenditure in respect of the new project or scheme or an existing project or scheme incurred or projected to be incurred, within the original scope of work, after the date of commercial operation and up to the cut-off date, as detailed in application for tariff determination, may be admitted by the Commission, subject to prudence check considering: (1) Un-discharged liabilities recognized to be payable at a future date; (2) Works deferred for execution; (3) Procurement of initial capital spares within the original scope of work; (4) Liabilities to meet award of arbitration or for compliance of the order or decree of a court of law; and (5) Change in law or compliance of any existing law; 42. The capital expenditure incurred or projected to be incurred in respect of the new project or scheme within the original scope of work after the cut-off date may be admitted by the Commission, subject to prudence check considering: (1) Liabilities to meet award of arbitration or for compliance of the Order or decree of a court of law; (2) Change in law or compliance of any existing law; (3) Deferred works relating to ash pond or ash handling system in the original scope of work; and (4) Any liability for works executed prior to the cut-off date i.e., un-discharged liability, total estimated cost of package, reasons for such withholding of payment and release of such payments etc. 43. The capital expenditure, in respect of existing project/scheme, incurred or projected to be incurred after the cut- off date, may be admitted by the Commission, subject to prudence check considering: (1) Liabilities to meet award of arbitration or for compliance of the Order or decree of a court of law; (2) Change in law or compliance of any existing law; (3) Any expenses to be incurred on account of need for higher security and safety of the plant, as advised or directed by appropriate Government Agencies responsible for national security or internal security; (4) Deferred works relating to ash pond or ash handling system in the original scope of work; (5) Any liability for works executed prior to the cut-off date after prudence check of the details of such un-discharged liability, total estimated cost of package, reasons for such withholding of payment and release of such payments etc.; (6) Any liability for works admitted by the Commission after the cut-off date to the extent of discharge of such liabilities by actual payments; (7) Any additional capital expenditure which has become necessary for efficient operation. The claim shall be substantiated with the technical justification and cost benefit analysis duly supported by the [PART III] DELHI GAZETTE : EXTRAORDINARY 51 documentary evidence like test results in case of deterioration of assets, damage caused by natural calamities, obsolescence of technology, up-gradation of capacity for the technical reason such as increase in fault level; (8) In case of transmission or distribution system, any additional expenditure on items such as relays, control and instrumentation, computer system, power line carrier communication, DC batteries, replacement due to obsolesce of technology, replacement due to system up-gradation or strengthening, replacement of switchyard equipment due to increase of fault level, tower strengthening, communication equipment, emergency restoration system, insulators cleaning infrastructure, replacement of porcelain insulator with polymer insulators, replacement of damaged equipment and any other expenditure which has become necessary for successful & efficient operation of transmission or distribution system. DE-CAPITALISATION 44. In case of de-capitalisation of asset, the original cost of such asset shall be deducted from the value of Gross Fixed Assets (GFA), on and from the date when that asset has been removed from GFA block and corresponding loan as well as equity shall be deducted from outstanding loan and the equity respectively in the year of de-capitalisation. 45. Loss or Gain due to de-capitalisation of asset based on the directions of the Commission due to technological obsolescence, wear & tear etc. or due to change in law or force majeure, which cannot be re-used, shall be adjusted in the ARR of the Utility in the relevant year. 46. Loss or Gain due to de-capitalisation of asset proposed by the Utility itself for the reasons not covered under Regulation 0 of these Regulations shall be to the account of the Utility. 47. Loss or Gain due to de-capitalisation of asset after the completion of useful life of asset shall be to the account of the Utility. 48. Principles for treatment of capital asset which has been removed from GFA before completion of its useful life with prior approval of the Commission and such removed asset is held in reserve for a continous period of more than six months for its reuse later shall be as follows: (1) In case the asset has been depreciated more than 70%, depreciation shall not be allowed on such asset from the date of de-capitalisation to the date such asset is put to re-use; (2) In case the asset has been depreciated less than 70%, depreciation shall be allowed upto 70% of the total value of asset from the date of de-capitalisation to the date such asset is put to re-use; (3) The Utility shall be allowed Carrying Cost, at the rate of interest for CAPEX Loan on written down value of such asset during the period from the date of de-capitalisation to the date such asset is put to re-use; (4) In case such asset has been put to re-use, differential of maximum permissible depreciation, as specified in the Appendix-1, and actual accumulated depreciation, shall be allowed from the date such asset is put to re-use; (5) The Utility shall be allowed Return on Equity, Interest on Loan on the written down value of the de- capitalised asset from the date such asset is put to re-use. RENOVATION AND MODERNISATION FOR LIFE EXTENSION 49. The Utility shall file a Petition before the Commission for approval of the proposal with a Detailed Project Report giving complete scope, justification, cost-benefit analysis, estimated life extension from a reference date, financial package, phasing of expenditure, schedule of completion, reference price level, estimated completion cost including foreign exchange component, if any, and any other information considered to be relevant by the Utility for meeting the expenditure on renovation and modernization (R&M) for the purpose of extension of life beyond the originally recognized useful life as specified in Appendix - 1. 50. The Commission may grant approval for additional capital cost on account of renovation and modernization after due consideration of reasonableness of the cost estimates, financing plan, schedule of completion, interest during construction, use of efficient technology, cost-benefit analysis, and such other factors as may be considered relevant by the Commission: Provided that any expenditure included in the R&M on consumables and cost of components and spares which is generally covered in the O&M expenses shall be suitably deducted after due prudence from the R&M expenditure to be allowed. 52 DELHI GAZETTE : EXTRAORDINARY [PART III] 51. Any expenditure incurred or projected to be incurred and admitted by the Commission after prudence check based on the estimates of renovation and modernization expenditure and life extension, and after deducting the accumulated depreciation already recovered from the original project cost, shall form the basis for determination of tariff. SALE OF INFIRM POWER 52. Supply of infirm power shall be accounted as deviation and shall be paid from the deviation settlement fund accounts: Provided that any revenue earned by the Generating Entity from supply of infirm power after accounting for the fuel expenses shall be adjusted towards reduction in the capital cost. CAPITALISATION OF EXPENSES 53. The ratio for allocation of overhead expenses incurred on account of Administrative Expenditure out of Operation and Maintenance Expenses for creation of Capital Asset shall be specified by the Commission in the Business Plan Regulations which shall form part of total capital expenditure of such Capital Asset. FOREIGN EXCHANGE RATE VARIATION 54. The Utility may hedge foreign exchange exposure in respect of the interest on foreign currency loan and repayment of foreign loan availed for regulated business. 55. The Utility shall submit an application within thirty days before entering into such hedging transaction based on its approved hedging policy with details of foreign exchange loan and cost of hedging. 56. If the foreign currency loan is taken to reduce the cost of funding, the Utility shall be allowed to recover the cost of hedging of foreign exchange rate variation corresponding to the foreign debt in the relevant year on year-to-year basis as expense in the period in which it arises; and extra rupee liability corresponding to such foreign exchange rate variation shall not be allowed against the hedged foreign debt. 57. To the extent the Utility is not able to hedge the foreign exchange exposure, the extra rupee liability towards interest payment and loan repayment corresponding to the normative foreign currency loan in the relevant year shall be permissible in case it is not attributable to the Utility. RECOVERY OF COST OF HEDGING OR FOREIGN EXCHANGE RATE VARIATION 58. In case of Generating Entity and transmission licensee, as the case may be, recovery of cost of hedging or foreign exchange rate variation shall be made directly by the Generating Entity or the transmission licensee, as the case may be, from the beneficiaries, without making any application before the Commission. 59. In case of any objections to the amounts claimed on account of cost of hedging or foreign exchange rate variation, the Generating Entity or the transmission licensee or beneficiaries, as the case may be, may make an appropriate application before the Commission for its decision. 60. In case of Distribution Licensee, recovery of cost of hedging or foreign exchange rate variation shall be allowed in the ARR of the licensee based on the prudence check in respective year. CAPITAL COST - VARIATION AND TREATMENT 61. In case of the new projects/scheme, for the purpose of true up of Capital Cost, the Commission shall take into account the projected capital expenditure from the anticipated COD in accordance with these Regulations: Provided that: (i) in case of a Generating Entity, if the date of commercial operation is delayed beyond 180 days from the date of issue of tariff order in terms of this Regulation, the tariff so granted shall be deemed to have been withdrawn and the Generating Entity shall be required to file a fresh Petition for determination of tariff after the date of commercial operation of the project/scheme; (ii) where the capital cost considered in tariff by the Commission on the basis of projected capital cost as on COD or the projected additional capital expenditure exceeds the actual capital cost incurred on year to year basis by more than 5%, the Generating Entity or Transmission Licensee, as the case may be,shall refund to the beneficiaries the excess tariff recovered corresponding to such excess capital cost, as approved by the Commission along with interest at 1.20 times of the bank rate as prevalent on 1 st April of respective year; (iii) The Generating Entity or Transmission Licensee, as the case may be, shall file true up petition along with all supporting documents for consideration of any upward revision in the tariff, where the capital cost considered in tariff by the Commission on the basis of projected capital cost as on COD or the projected additional capital expenditure falls short of the actual capital cost incurred on year to year basis by more than 5%. The Generating Entity or Transmission Licensee, as the [PART III] DELHI GAZETTE : EXTRAORDINARY 53 case may be,shall be entitled to recover from the beneficiaries for the shortfall in tariff corresponding to addition in capital cost, as approved by the Commission along with interest at 0.80 times of bank rate as prevalent on 1 st April of respective year. 62. In case of the existing projects/scheme, the Generating Entity or Transmission Licensee, as the case may be, shall be allowed tariff by the Commission based on the admitted capital cost as on 1 st April of the relevant year and projected additional capital expenditure for the respective years of the Control Period in accordance with the Regulation: Provided that: (i) The Generating Entity or Transmission Licensee, as the case may be, shall continue to bill the beneficiaries at the existing tariff approved by the Commission for the period starting from 1 st April of new Control Period till approval of tariff by the Commission for new Control Period in accordance with these Regulations; (ii) where the capital cost considered in tariff by the Commission on the basis of projected capital cost as on COD or the projected additional capital expenditure submitted by the Generating Entity or Transmission Licensee, as the case may be,, as the case may be, exceeds the actual capital cost incurred on year to year basis by more than 5%, the Generating Entity or Transmission Licensee, as the case may be, shall refund to the beneficiaries/consumers, the excess tariff recovered corresponding to excess capital cost, as approved by the Commission along with interest at 1.20 times of the bank rate as prevalent on April 1 of respective year; (iii) The Generating Entity or Transmission Licensee, as the case may be, shall file a true up Petition to the Commission, along with all supporting documents for consideration of any upward revision in the tariff, where the capital cost considered in tariff by the Commission on the basis of projected capital cost as on COD or the projected additional capital expenditure falls short of the actual capital cost incurred on year to year basis by more than 5%. The Generating Entity or Transmission Licensee, as the case may be, shall be entitled to recover from the beneficiaries for the shortfall in tariff corresponding to addition in capital cost, as approved by the Commission along with interest at 0.80 times of bank rate as prevalent on 1 st April of respective year. DEBT-EQUITY RATIO 63. For determination of Tariff, the debt-equity ratio for any project or scheme under commercial operation shall be considered as 70:30: Provided that: (i) Where equity actually deployed is less than 30% of the capital cost, actual equity shall be considered for determination of tariff; (ii) Where equity actually deployed is more than 30% of the capital cost, equity in excess of 30% shall be treated as notional loan; (iii) The equity invested in foreign currency shall be designated in Indian rupees on the date of each investment; (iv) Any grant/contribution/deposit obtained for the execution of the project/scheme shall not be considered as a part of capital structure for the purpose of debt: equity ratio. 64. The Utility shall submit the audited statement regarding reconciliation of equity required and actually deployed to meet the capital expenditure of the project or scheme and funding of regulatory asset: Provided that the reconciliation statement shall indicate the movement of equity with details of return on equity, incentive/disincentive, additional equity infused, distribution of dividend, normative loan etc. RETURN ON CAPITAL EMPLOYED (RoCE) 65. Return on Capital Employed shall be used to provide a return to the Utility, and shall cover all financing costs except expenses for availing the loans, without providing separate allowances for interest on loans and interest on working capital. 66. The Regulated Rate Base (RRB) shall be used to calculate the total capital employed which shall include the Original Cost of Fixed Assets (OCFA) and Working Capital. Capital work in progress (CWIP) shall not form part of the RRB. Accumulated Depreciation, Consumer Contribution, Capital Subsidies / Grants shall be deducted in arriving at the RRB. 67. The RRB shall be determined for each year of the Control Period at the beginning of the Control Period based on the approved capital investment plan with corresponding capitalisation schedule and normative working capital. 54 DELHI GAZETTE : EXTRAORDINARY [PART III] 68. The Regulated Rate Base for the i th year of the Control Period shall be computed in the following manner: Where, “i” is the i th year of the Control Period; RRBi: Average Regulated Rate Base for the i th year of the Control Period; ∆WCi: Change in working capital requirement in the i th year of the Control Period from (i-1) th year; ∆ABi: Change in the Capital Investment in the ith year of the Control Period; This component shall be arrived as follows: Where, Invi: Investments projected to be capitalised during the i th year of the Control Period and approved; Di: Amount set aside or written off on account of Depreciation of fixed assets for the i th year of the Control Period; CCi: Consumer Contributions, capital subsidy / grant pertaining to the ∆ABi and capital grants/subsidies received during ith year of the Control Period for construction of service lines or creation of fixed assets; Reti: Amount of fixed asset on account ofRetirement/ Decapitalisation during i th Year; RRB i-1: Closing Regulated Rate Base for the Financial Year preceding the i th year of the Control period. For the first year of the Control Period, Closing RRB i-1 shall be the Opening Regulated Rate Base for the Base Year i.e. RRBO; RRBO = OCFAO – ADO – CCO+ WCO; Where; OCFAO: Original Cost of Fixed Assets at the end of the Base Year; ADO: Amounts written off or set aside on account of depreciation of fixed assets pertaining to the regulated business at the end of the Base Year; CCO: Total contributions pertaining to the OCFAo, made by the consumers, capital subsidy / grants towards the cost of construction of distribution/service lines by the Distribution Licensee and also includes the capital grants/subsidies received for this purpose; WCO: working capital requirement in the (i-1) th year of the Control Period. Return on Capital Employed (RoCE) for the year “i” shall be computed in the following manner: Where, WACCi is the Weighted Average Cost of Capital for each year of the Control Period; RRBi – Average Regulated Rate Base for the i th year of the Control Period. 70. The WACC for each year of the Control Period shall be computed at the start of the Control Period in the following manner: Where, D is the amount of Debt derived as per these Regulations; E is the amount of Equity derived as per these Regulations; Where equity employed is in excess of 30% of the capital employed, the amount of equity for the purpose of tariff shall be limited to 30% and the balance amount shall be considered as notional loan. The amount of equity in excess of 30% treated as notional loan. The interest rate on excess equity shall be the weighted [PART III] DELHI GAZETTE : EXTRAORDINARY 55 average rate of interest on the actual loans of the Licensee for the respective years. Where actual equity employed is less than 30%, the actual equity and debt shall be considered; Provided that the Working capital shall be considered 100% debt financed for the calculation of WACC; rdis the Cost of Debt; re is the Return on Equity. 71. The Utility shall make every effort to refinance the loan so as to reduce the cost of financing, the net saving in ARR due to such reduced financing cost shall be shared with the consumers in the manner as specified in the Business Plan Regulations specified by the Commission. 72. Tax on Return on Equity: The base rate of return on equity as specified by the Commission in the Business Plan Regulations shall be grossed up with the effective tax rate of the respective financial year. For this purpose, the effective tax rate shall be considered on the basis of actual tax paid vis-à-vis total income of the Utility in the relevant financial year in line with the provisions of the relevant Finance Acts. The actual tax on other income stream shall not be considered for the calculation of “effective tax rate”: Provided that if the rate of return on equity for a Control Period is allowed on pre-tax basis, then income tax on the return on equity shall not be allowed separately as a pass through in ARR; Provided further that no amount shall be considered towards tax exceeeding the actual amount of tax paid by the Corporate entity of the Utility as an assesse. 73. Rate of return on equity shall be rounded off to three decimal places and shall be computed as per the formula given below: Rate of pre-tax return on equity = Base rate / (1-t) Where “t” is the effective tax rate in accordance with Regulation 0 and shall be calculated at the beginning of every financial year based on the estimated profit and tax to be paid by the Utility on pro-rata basis by excluding the other income stream: Provided that wherever the Utility pays Minimum Alternate Tax (MAT), “t” shall be considered as MAT rate including surcharge and cess. INTEREST ON LOAN 74. The amount of loans arrived in the manner as indicated in Regulation 0 and 0 of these Regulations reduced by the corresponding loan amount of De-Capitalized Asset shall be considered as gross loan for calculation of interest on loan. 75. The loan outstanding as on 1 st April of the respective year shall be worked out by deducting the cumulative repayment as admitted by the Commission from the gross loan. 76. The repayment of loan shall be considered from the first year of commercial operation of the project/scheme irrespective of any moratorium period availed by the Utility. 77. The rate of interest on loan shall be based on weighted average rate of interest for actual loan portfolio subject to the maximum of bank rate as on 1 st April of the year plus the margin as approved by the Commission in the Business Plan Regulationsfor a Control Period: Provided that in no case the rate of interest on loan shall exceed approved rate of return on equity: Provided further that if there is no actual loan for a particular year but normative loan is still outstanding, the last available weighted average rate of interest shall be considered: Provided also that if the Utility does not have actual loan then the rate of interest shall be considered at the bank rate plus margin, as specified by the Commission in the Business Plan Regulations, for the notional loan of the relevant control period: Provided also that the loan availed through open tendering process (Competitive Bidding) among Scheduled Banks, Financial Institutions etc., shall be considered at the rate discovered through open tendering process. DEPRECIATION 78. Annual Depreciation shall be computed based on Straight Line Method for each class of asset as specified in Appendix-1 of these Regulations. 56 DELHI GAZETTE : EXTRAORDINARY [PART III] 79. The base value for the purpose of depreciation shall be the capital cost of the asset approved by the Commission. Depreciation shall be chargeable from the first year of commercial operation and in case of commercial operation of the asset for part of the year, depreciation shall be charged on pro rata basis. 80. The salvage value of the asset shall be considered as 10% and depreciation shall be allowed up to maximum of 90% of the capital cost of the asset: Provided that any depreciation disallowed on account of lower availability of the generating station or generating unit or transmission system as the case may be, shall not be allowed to be recovered at a later stage during the useful life and the extended life. 81. Land other than the land held under lease shall not be a depreciable asset and its cost shall be excluded from the capital cost while computing depreciable value of the asset. 82. In case of existing assets, the balance depreciable value as on 1 st April of any financial year shall be worked out by deducting the cumulative depreciation as admitted by the Commission up to 31 st March of the preceding financial year from the gross depreciable value of the assets. 83. The Depreciation for Life extension projects/scheme shall be allowed in the manner as indicated in Regulation 0 of these Regulations. WORKING CAPITAL 84. The Commission shall calculate the Working Capital requirement for: (1) Coal-based generating stations as follows: (a) Cost of coal for 15 days for pithead generating stations and 30 days for non-pithead generating stations for generation corresponding to the Normative Annual Plant Availability Factor or the maximum coal stock storage capacity whichever is lower; (b) Cost of coal for 30 days for generation corresponding to the Normative Annual Plant Availability Factor; (c) Cost of secondary fuel oil for two months for generation corresponding to the Normative Annual Plant Availability Factor, and in case of use of more than one secondary fuel oil, cost of fuel oil stock for the main secondary fuel oil; (d) Maintenance spares @ 20% of operation and maintenance expenses specified in these Regulations; (e) O&M expenses for one month; and (f) Receivables equivalent to two months of capacity charges and energy charges for sale of electricity calculated on the Normative Annual Plant Availability Factor. (2) Open-cycle Gas Turbine/Combined Cycle thermal generating stations as follows : (a) Fuel Cost for 30 days corresponding to the Normative Annual Plant Availability Factor, duly taking into account mode of operation of the generating station on gas fuel and liquid fuel; (b) Liquid fuel stock for 15 days corresponding to the normative annual plant availability factor, and in case of use of more than one liquid fuel, cost of main liquid fuel duly taking into account mode of operation of the generating stations of gas fuel and liquid fuel; (c) Maintenance spares @ 30% of Operation and Maintenance expenses specified in this Regulation; (d) Receivables equivalent to two months of capacity charge and energy charge for sale of electricity calculated on normative plant availability factor, duly taking into account mode of operation of the generating station on gas fuel and liquid fuel; and (e) Operation and maintenance expenses for one month. (3) Transmission Licensee as follows: (a) Receivables for two months towards transmission tariffs calculated on NATAF; (b) Maintenance spares @ 15% of operation and maintenance expenses; and (c) Operation and maintenance expenses for one month. (4) Distribution Licensee as follows: (i) Working capital for wheeling business of electricity shall consist of ARR for two months of Wheeling Charges. (ii) Working capital for Retail Supply business of electricity shall consist of: (a) ARR for two months for retail supply business of electricity; (b) Less: Net Power Purchase costs for one month; (c) Less: Transmission charges for one month; and [PART III] DELHI GAZETTE : EXTRAORDINARY 57 INTEREST ON WORKING CAPITAL 85. Rate of Interest On Working Capital shall be considered as the bank rate as on 1 st April of the year plus margin as specified by the Commission for the Control Period and shall be trued up on the basis of prevailing bank rate as on 1 st April of the respective financial year: Provided that the rate of interest availed through open tendering process (Competitive Bidding) among Scheduled Banks, Financial Institutions etc., shall not be trued up. 86. Interest on working capital shall be payable on normative basis notwithstanding that the Utility has availed any loan for the working capital. OPERATION AND MAINTENANCE (O&M) EXPENSES 87. The Utilities shall be allowed Operation and Maintenance expenses on normative basis including expenses for raising the loan for funding of Working Capital and Regulatory Asset as specified by the Commission in the Business Plan Regulations for the respective Control Period: Provided that the Normative O&M expenses for the respective Control Period shall not be trued up; Provided further that the water charges, statutory levy and taxes under O&M expenses if indicated separately in the audited financial statement shall not form part of Normative O&M expenses. 88. Escalation to be allowed for adjustment towards increase in inflation, consumer price index (CPI), wholesale price index (WPI) etc. shall be as specified in the Business Plan Regulations for the respective Control Period. 89. Normative Operation and Maintenance expenses of a new Generating Entity shall be as per the norms approved by the CERC in Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2014 as amended from time to time, for respective year unless specifically approved by the Commission. 90. Normative Operation and Maintenance expenses of existing Generating Entity shall be as specified in the Business Plan Regulations for the respective Control Period. 91. The Commission shall specify the target for Normative Operation and Maintenance expenses of the Transmission Licensee in the Business Plan Regulations for the respective Control Period. Provided that the Commission may specify Normative Operation and Maintenance expenses target of a Transmission Licensee on the basis of number of Bays and Circuit Kilometres. 92. Normative Operation and Maintenance expenses of a Distribution Licensee shall consist of: (a) Employee Expenses, (b) Administrative and General Expenses; and (c) Repair and Maintenance Expenses. 93. Normative Operation and Maintenance expenses of a Distribution Licensee for a Control Period shall be derived on the basis of audited Operation and Maintenance expenses for last five (5) completed Financial Years vis-à-vis normative Operation and Maintenance expenses allowed by the Commission during the corresponding period based on the following parameters: (a) Load growth, (e) Inflation, (f) Efficiency, (g) Capital base and, (h) Any other factor. NON TARIFF INCOME 94. The Utility shall submit forecast of Non-Tariff Income to the Commission, in such form as may be stipulated by the Commission from time to time, whose tentative list is as follows: (i) Income from rent of land or buildings; (ii) Net Income from sale of de-capitalised assets; (iii) Net Income from sale of scrap; (iv) Income from statutory investments; (v) Net Interest on delayed or deferred payment on bills; (vi) Interest on advances to suppliers/contractors; (vii) Rental from staff quarters; (viii) Rental from contractors; 58 DELHI GAZETTE : EXTRAORDINARY [PART III] (ix) Income from Investment of consumer security deposit; (x) Income from hire charges from contactors and others, etc. 95. The Non-Tariff Income shall be reduced from ARR. OTHER BUSINESS INCOME 96. The net income after tax from Other Business shall be calculated as per “DERC Treatment of Income from Other Business of Transmission Licensee and Distribution Licensee Regulation, 2005” as amended from time to time and shall be adjusted in the ARR. 97. The Licensee shall follow segment wise reporting of other businesses in the audited financial statement and a reasonable basis for allocation of all joint and common costs between the licensed Business and the Other Business and shall submit the Allocation Statement as approved by the Board of Directors / Competent Authority to the Commission along with his application for determination of tariff: Provided that loss on account of Other Business shall not be considered in the ARR of the Licensee. PART 6 Recovery of Aggregate Revenue Requirement GENERATING ENTITY 98. The tariff for supply of electricity from a generating station shall comprise two parts, namely, Capacity Charge (for recovery of Annual Fixed Cost consisting of the components as specified in these Regulations) and Energy Charge (for recovery of primary and secondary fuel cost where applicable). 99. The annual fixed cost (AFC) of a Generating Entity shall consist of the following components as specified in these Regulations: (a) Return on Capital Employed; (b) Depreciation; and (c) Operation and Maintenance expenses. CAPACITY CHARGE 100. Computation of Capacity Charge to be raised as part of their bills for the Generating Stations: (a) The fixed cost of generating station shall be computed on annual basis, based on norms specified under these Regulations, and recovered on monthly basis under Capacity Charge. The total capacity charge payable for a generating station shall be shared by its beneficiaries as per their respective percentage share / allocation in the capacity of the generating station. (b) The capacity charge payable to a thermal generating station for a calendar month shall be calculated in accordance with the following formulae: CC1= (AFC/12)(PAF1 / NAPAF) subject to ceiling of (AFC/12) CC2 = [(AFC/6)(PAF2 / NAPAF ) subject to ceiling of (AFC/6)] – CC1 CC3 = [(AFC/4) (PAF3 / NAPAF) subject to ceiling of (AFC/4) ] – (CC1+CC2) CC4 = [(AFC/3) (PAF4 / NAPAF) subject to ceiling of (AFC/3) ] – (CC1+CC2+CC3) CC5 = ((AFC x 5/12) (PAF5 / NAPAF) subject to ceiling of (AFC x 5/12) ] – (CC1+CC2 +CC3 +CC4) CC7= ((AFC x 7/12) (PAF7 / NAPAF) subject to ceiling of (AFC x 7/12) ] – (CC1+CC2 +CC3 CC8 = [(AFC x 2/3) (PAF8 / NAPAF) subject to ceiling of (AFC x 2/3) ] – (CC1+CC2 +CC3 +CC4 CC9 = [(AFC x 3/4) (PAF9 / NAPAF) subject to ceiling of (AFC x 3/4) ] – (CC1+CC2 +CC3 +CC4 CC10= [(AFC x 5/6) (PAF10 / NAPAF) subject to ceiling of (AFC x 5/6) ] – CC11 = [(AFC x 11/12) (PAF11 / NAPAF) subject to ceiling of (AFC x 11/12) ] – (CC1+CC2+CC3 CC12 = [(AFC) (PAFY / NAPAF) subject to ceiling of (AFC)] – (CC1+CC2 +CC3 +CC4 + CC5 + [PART III] DELHI GAZETTE : EXTRAORDINARY 59 Provided that in case of generating station under shutdown due to Renovation and Modernisation, the Generating Entity shall be allowed to recover part of AFC which shall include O&M expenses and interest on loan only. Where, AFC Annual fixed cost specified for the year, in Rupees. NAPAF = Normative annual plant availability factor in percentage. PAFN = Percent Plant availability factor achieved upto the end of the nth month. PAFY = Percent Plant availability factor achieved during the Year st nd rd th th th th th th th th and 12 th months respectively. (c) The PAFM up to the end of a particular month and PAFY shall be computed in accordance with the following formula: Where, AUX=Normative auxiliary energy consumption in percentage. DCi = Average declared capacity (in ex-bus MW), for the i th day of the period i.e. the month or the year as the case may be, as certified by the concerned load dispatch centre after the day is over. IC = Installed Capacity (in MW) of the generating station. N= Number of days during the period. Note: DCi and IC shall exclude the capacity of generating units not declared under commercial operation. In case of a change in IC during the concerned period, its average value shall be taken. 101. Incentive to a generating station shall be payable at the rate specified in the Business Plan Regulations during the respective Control Period for ex-bus scheduled energy corresponding to scheduled generation in excess of ex-bus energy corresponding to Normative Annual Plant Load Factor (NAPLF). ENERGY CHARGE 102. The energy charge shall cover the primary and secondary fuel cost and shall be payable by every beneficiary for the total energy scheduled to be supplied to such beneficiary during the calendar month on ex-power plant basis, at the energy charge rate of the month (with fuel and limestone price adjustment). Total Energy charge payable to the Generating Entity for a month shall be: (Energy charge rate in Rs./kWh) x {Scheduled energy (ex-bus) for the month in kWh.} 103. Energy charge rate (ECR) in Rupees per kWh on ex-power plant basis shall be determined to three decimal places in accordance with the following formulae: (a) For coal based stations: (b) For gas and liquid fuel based stations Where, AUX =Normative auxiliary energy consumption in percentage. CVPF=(a) Weighted Average Gross calorific value of coal on as received basis from the loaded wagons at the generating stations -in kCal per kg for coal based stations. (b) Weighted Average Gross calorific value of primary fuel as received, in kCal per kg, per litre or per standard cubic meter, as applicable for lignite, gas and liquid fuel based stations. (c) In case of blending of fuel from different sources, the weighted average Gross calorific value of primary fuel shall be arrived in proportion to blending ratio. CVSF =Calorific value of secondary fuel, in kCal per ml. ECR = Energy charge rate, in Rupees per kWh sent out. GHR =Gross station heat rate, in kCal per kWh. LC = Normative limestone consumption in kg per kWh. LPL = Weighted average landed price of limestone in Rupees per kg. LPPF =Weighted average landed price of primary fuel, in Rupees per kg, per litre or per standard cubic metre, as applicable, during the month. (In case of blending of fuel from different sources, the weighted average landed price of primary fuel shall be arrived in proportion to blending ratio) SFC = Normative Specific fuel oil consumption, in ml per kWh. 60 DELHI GAZETTE : EXTRAORDINARY [PART III] LPSFi=Weighted Average Landed Price of Secondary Fuel in Rs./ml during the month: Provided that energy charge rate for a gas/liquid fuel based station shall be adjusted for open cycle operation based on certification of Delhi SLDC for the open cycle operation during the month. 104. The Generating Entity shall provide to the beneficiaries of the generating station the details of parameters of GCV and price of fuel i.e., domestic coal, imported coal, e-auction coal, lignite, natural gas, RLNG, liquid fuel etc., as per the forms prescribed: Provided that the details of blending ratio of the imported coal with domestic coal, proportion of e- auction coal and the weighted average GCV of the fuels as received shall also be provided separately, along with the bills of the respective month: Provided further that copies of the bills and details of parameters of GCV and price of fuel i.e. domestic coal, imported coal, e-auction coal, natural gas, RLNG, liquid fuel etc., details of blending ratio of the imported coal with domestic coal, proportion of e-auction coal shall also be displayed on the website of the Generating Entity. The details should be available on its website on monthly basis for a period of three months. 105. The landed cost of fuel for the month shall include price of fuel corresponding to the grade and quality of fuel inclusive of royalty, taxes and duties as applicable, transportation cost by rail / road or any other means, and, for the purpose of computation of energy charge, and in case of coal/lignite shall be arrived at after considering normative transit and handling losses as percentage of the quantity of coal or lignite dispatched by the coal or lignite supply company during the month as notified by the Central Electricity Regulatory Commission, for respective year unless specifically approved by the Commission; Provided that any refund of taxes and duties along with any amount received on account of penalties from fuel supplier shall be adjusted in the fuel cost. 106. In case of part or full use of alternative source of fuel supply by coal based thermal generating stations other than as agreed by the Generating Entity and beneficiaries in their power purchase agreement for supply of contracted power on account of shortage of fuel or optimization of economical operation through blending, the use of alternative source of fuel supply shall be permitted to generating station: Provided that in such case, prior permission from beneficiaries shall not be a precondition, unless otherwise agreed specifically in the power purchase agreement: Provided further that the weighted average price of use of alternative source of fuel shall not exceed 30% of base price of fuel: Provided also that where the energy charge rate based on weighted average price of use of fuel including alternative source of fuel exceeds 30% of base energy charge rate as approved by the Commission for that year or energy charge rate based on weighted average price of use of fuel including alternative sources of fuel exceeds 20% of energy charge rate based on weighted average fuel price for the previous month, whichever is lower shall be considered and in that event, prior consultation with beneficiary shall be made not later than three days in advance. 107. Landed Fuel Cost for Tariff Determination: The landed fuel cost of primary fuel and secondary fuel for tariff determination shall be based on actual weighted moving average cost of respective fuel before the start of the tariff period for existing and new generating stations. 108. Any variation in fuel prices on account of change in the Gross Calorific Value (GCV) of coal or gas or liquid fuel shall be adjusted on a monthly basis on the basis of average GCV of coal or gas or liquid fuel in stock, received and burnt and weighted average landed cost incurred by the Generating Entity for procurement of coal, oil, or gas or liquid fuel, as the case may be for a power station. 109. The Generating Entity shall separately indicate rate of energy charges in its bills at base price of primary and secondary fuel specified by the Commission and the fuel price adjustment. No separate petition needs to be filed with the Commission for fuel price adjustment. TRANSMISSION LICENSEE 110. The tariff for transmission of electricity shall comprise Capacity charge for recovery of annual fixed cost consisting of the components specified in these Regulations. [PART III] DELHI GAZETTE : EXTRAORDINARY 61 111. The annual fixed cost (AFC) of a transmission system (including communication system) shall consist of the following components as specified in these Regulations: (a) Return on Capital Employed; (b) Depreciation; and (c) Operation and Maintenance expenses. COMPUTATION OF TRANSMISSION CHARGE 112. Annual Transmission Charges to be billed by the Transmission Licensee shall be computed in the Annual Tariff Order, in accordance with norms contained in these Regulations, aggregated as appropriate, and recovered on monthly basis as transmission charge from the users, who shall share these charges in the manner specified in these Regulations. 113. Normative Annual Transmission System Availability Factor (NATAF): The Target Availability for recovery of full annual transmission charges for a Control Period shall be approved by the Commission before commencement of the Control Period: Provided that recovery of annual transmission charges below the target availability shall be on a pro rata basis. 114. The Transmission charge (inclusive of incentive) to be billed for a calendar month for transmission system or part shall be: Where, ARR = Aggregate Revenue Requirement specified for the year, in Rupees; NATAF = Normative annual transmission availability factor, in per cent as approved by the Commission for a Control Period; NDM = Number of days in the month; NDY = Number of days in the year; and TAFM = Transmission system availability factor for the month, in Percent, 115. The Transmission Licensee shall raise the bill for the transmission charge (inclusive of incentive) for a month based on its estimate of TAFM: Provided that the adjustments, if any, shall be made on the basis of the TAFM to be certified by the SLDC within 30 days from the last day of the relevant month. DISTRIBUTION LICENSEE 116. The Aggregate Revenue Requirement for the Retail Supply and Wheeling Business of the Distribution Licensees for each year of the Control Period, shall contain the following items: (a) Cost of power procurement; (b) Transmission & Load Dispatch charges; (a) Operation and Maintenance expenses; (b) Return on Capital Employed; (c) Depreciation; (e) Interest on Consumer Security Deposit; (f) Carrying Cost on Revenue Gap/Regulatory asset; (h) Less: Income from Other Business, (i) Less: Income from wheeling of electricity; and (j) Less: Receipts on account of charges other than Wheeling Charges from open access consumer. 117. The ratio of various ARR components as indicated in Regulation 0 of these Regulations, for segregation of ARR of the Distribution Licensee into Retail Supply and Wheeling Business shall be specified by the Commission in the Business Plan Regulations. 62 DELHI GAZETTE : EXTRAORDINARY [PART III] COMPUTATION OF COST OF POWER PROCUREMENT 118. Cost of power procurement in case of a Distribution Licensee shall be computed on the basis of quantum of power required to meet the demand in the licensed area of supply based on the sales forecast and distribution loss approved by the Commission for the relevant year. 119. Distribution Licensee shall be allowed to recover the net cost of power purchase from long term sources whose PPAs are approved by the Commission, assuming maximum normative rebate available from each source, for supply to consumers. 120 Distribution Licensee shall be allowed to recover the cost of power purchase under short term arrangements for the deficit in quantum of power requirement for sale in its area and power available through Long term sources as specified in Regulation 0 of these Regulations, such as Banking, Bilateral, Exchange, Inter DISCOM Transfer and Unscheduled Interchange etc. 121. While approving the cost of power purchase, the Commission shall determine the quantum of power to be purchased considering: (1) Availability of Generating Stations which may be based on Load Generation Balance Report published by Central Electricity Authority (CEA) for relevant Financial Year; (2) Principles of merit order schedule and despatch based on the ranking of all approved sources of supply in the order of their variable cost of power purchase on monthly basis; (3) Normative cost of banking transaction at the rate of average power purchase cost of the portfolio of the distribution licensee; (4) The gap between average Power Purchase Cost of the power portfolio allocated and average revenue due to different consumer mix of all the distribution licensee: Provided that the Commission may adjust the gap in power purchase cost by reassigning the allocation of power amongst the distribution licensees out of the overall power portfolio allocated to the National Capital Territory of Delhi by Ministry of Power, Government of India. 122.The Annual Fixed Cost of all approved Long Term sources as specified in Regulation 0 of these Regulations shall be allowed to be recovered in the ARR of the relevant Financial Year, however, Variable Cost shall be allowed to be recovered in the ARR on Merit Order basis as specified in Regulation 0 of these Regulations. 123.To promote economical procurement of power as well as maximizing revenue from Sale of Surplus Power the distribution licensee shall ensure the cost benefit for rate of sale of surplus power in the relevant slots through Banking, Bilateral and Power Exchange transactions other than the forced scheduling, as certified by the SLDC, in comparison with the next higher variable cost of the generating stations from which power is surplus after meeting the demand of power in it’s area of supply; 124. The cost of Renewable Purchase Obligation (RPO) of the Distribution Licensee shall be computed on the basis of approved cost of power procurement from Renewable Energy Sources as specified in the Delhi Electricity Regulatory Commission (Renewable Purchase Obligation and Renewable Energy Certificate Framework Implementation) Regulations, 2012: Provided that any projected shortfall, in procurement of power from Renewable Energy Sources to meet the RPO shall be computed at the Floor Price of Renewable Energy Certificates (RECs) notified by Central Electricity Regulatory Commission for the relevant year: Provided further that the actual expenses for procurement of power from Renewable Energy Sources and purchase of Renewable Energy Certificates shall be trued up by the Commission: Provided also that the Commission will specify the targets for Solar and Non Solar RPO in the Business Plan Regulations for a specific Control Period: Provided also that the penalty for non fulfilment of RPO targets, as specified by the Commission in its Tariff Order, shall be adjusted in the ARR during True up of the relevant Financial Year. 125. The Distribution Licensee shall be allowed to recover net transmission and load despatch charges payable to the Transmission Licensees (Central Transmission Utility, State Transmission Utility etc.) and System Operators (Regional Load Despatch Centre, State Load Despatch Centre etc.) for access to and use of the interstate transmission system, intra-state transmission system and availing load despatch services assuming maximum normative rebate available from each source for payment of bills in accordance with the tariffs approved from time to time by CERC and appropriate State Commissions, as the case may be. [PART III] DELHI GAZETTE : EXTRAORDINARY 63 126. The Distribution Licensee shall also be allowed to recover the Wheeling Charges in case the distribution network of other Distribution Licensee is used for procurement of power for the Retail Supply Business. 127. Interest paid on consumer security deposits shall be based on the rate specified by the Commission in the “Delhi Electricity Supply Code and Performance Standards Regulations, 2007” as amended from time to time, and shall be a pass through in the ARR. 128. Cross-Subsidy Surcharge and Additional Surcharge to be received by the Distribution Licensee shall be considered as revenue to meet the ARR of the Distribution Licensee. 129. The recovery of ARR for supply of electricity to be billed by the Distribution Licensees shall comprise of: (1) Fixed Charge, and; (2) Variable Charge. 130. The Fixed Charge of the Distribution Licensee shall consist of the following components: (a) Capacity Charges of Generating Stations as approved/adopted by the appropriate Commission; Capacity Charges of Transmission Licensee including Load Dispatch Charges Stations as approved/adopted by the appropriate Commission; Fixed Cost of Distribution Licensee: (i) Return on Capital Employed; (ii) Depreciation; and (iii) Operation and Maintenance expenses. 131. The Variable Charge of a Distribution Licensee shall consist of the following components: (a) Energy Charges (Power Purchase Cost excluding Capacity Charges); (b) Trading Margin, if any, ; and (c) Open Access Charges, if any. 132. The Commission shall design the Tariff Schedule, indicating Tariff for various categories of consumers in the area of the Distribution Licensee, in the relevant Tariff Order in order to enable recovery of ARR. TREATMENT OF DEMAND SIDE MANAGEMENT INITIATIVES 133. The Utility shall submit the utilization of funds allocated for DSM schemes under Delhi Electricty Regulatory Commission (Demand Side Management) Regulations, 2014: Provided that the Utility shall maintain separate records of Revenue/Expenditure related to individual DSM schemes approved by the Commission. POWER PURCHASE COST ADJUSTMENT CHARGES 134. The Distribution Licensee shall be allowed to recover the incremental Power Procurement Cost on quarterly basis, over and above the Power Procurement Cost approved in the Tariff Order of the relevant year, incurred due to the following: (a) Variation in Price of Fuel from long term sources of Generation; (b) Variation in Fixed Cost on account of Regulatory Orders from long term sources of Generation; (c) Variation in Transmission Charges. 135. The Commission shall specify the detailed formula and procedure for recovery of such incremental Power Procurement Cost as Power Purchase Cost Adjustment Charges (PPAC) formula in the Tariff Order; 136. To avoid the tariff shock for consumers, the Commission may carry forward PPAC of one quarter into more than one quarter on provisional basis; LATE PAYMENT SURCHARGE GENERATING ENTITY AND TRANSMISSION LICENSEE 137. In case the payment of any bill for charges payable under these regulations is delayed by a beneficiary of generating entity or long term transmission customer/DICs as the case may be, beyond a period of 60 days from the date of billing, a late payment surcharge at the rate of 1.50% per month shall be levied by the generating entity or the transmission licensee, as the case may be. 64 DELHI GAZETTE : EXTRAORDINARY [PART III] REBATE GENERATING ENTITY AND TRANSMISSION LICENSEE 138. For payment of bills of the generating entity and the transmission licensee through letter of credit on presentation or through NEFT/RTGS within a period of 2 days of presentation of bills by the generating entity or the transmission licensee, a rebate of 2% shall be allowed : Provided that in case payments are made on any day after 2 days and within a period of 30 days of presentation of bills by the generating entity or the transmission licensee, a rebate of 1% shall be allowed. PART 7 NORMS OF OPERATION AND TRUING UP 139. Performance review and adjustment of variations in the ARR and Revenue for the Utilities for FY 2016-17 shall be considered in accordance with the Delhi Electricity Regulatory Commission (Terms and Conditions for Determination of Generation Tariff) Regulations, 2011, Delhi Electricity Regulatory Commission (Terms and Conditions for Determination of Transmission Tariff) Regulations, 2011 and Delhi Electricity Regulatory Commission (Terms and Conditions for Determination of Wheeling Tariff and Retail Supply Tariff) Regulations, 2011. 140. Recovery of capacity charge, energy charge, transmission charge and incentive by the Utility shall be based on the achievement of the operational norms specified by the Commission; 141. Norms of operation for new generating stations shall be based on Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2014 for respective year unless specifically approved by the Commission; 142.Norms of operation for existing generating stations to be specified by the Commission in the Business Plan Regulations shall consist of following parameters: (a) Normative Annual Plant Availability Factor (NAPAF), (b) Normative Annual Plant Load Factor (NAPLF), (c) Gross Station Heat Rate, (d) Secondary Fuel Oil Consumption for Coal based generating stations, and (e) Auxiliary Energy Consumption 143. Norms of operation for Transmission licensee to be specified by the Commission in the Business Plan Regulations shall be based on NATAF. 144. Norms of operation for Distribution Licensee to be specified by the Commission in the Business Plan Regulations shall consist of following parameters: (a) Distribution Loss target, (b) Collection Efficiency target, and (c) Normative Operation and Maintenance expenses. TRUING UP MECHANISM 145. The Commission shall carry out truing up exercise for the previous years along-with the tariff petition, with respect to the capital expenditure including additional capital expenditure incurred, as admitted by the Commission after prudence check at the time of truing up: 146. The Commission shall carry out truing up of tariff based on the performance for generating stations and taking into account of the following Uncontrollable parameters: i) Force Majeure; ii) Change in Law; iii) Re-financing of Loan; and iv) Primary Fuel Cost. 147. The Commission shall carry out truing up of tariff of transmission licensee based on the performance of following Uncontrollable parameters: (i) Force Majeure; (ii) Change in Law; and (iii) Re-financing of Loan. [PART III] DELHI GAZETTE : EXTRAORDINARY 65 148. The financial gains to a generating company or the transmission licensee, as the case may be, on account of normative parameters shall be shared between generating company/transmission licensee and the beneficiaries on monthly basis with annual reconciliation. 149. The financial gains in case of generating station or transmission licensee, as the case may be, on account of operational parameters shall be shared in the ratio as specified by the Commission in the Business Plan Regulations. 150. In case, after the truing up of relevant financial year, the tariff recovered varies from the tariff approved by the Commission on account of variation in capital cost, the generating company or the transmission licensee, as the case may be, shall refund/recover to the beneficiaries or the long term transmission customers /DICs, as the case may be, the excess amount so recovered as specified in Regulation 62 of these ragulation. 151. The financial gains and losses by a generating company or the transmission licensee, as the case may be, on account of uncontrollable parameters other than capitalisation shall be passed on to beneficiaries of the generating company or to the long term transmission customers of transmission system, as the case may be. Provided that the amount under-recovered or over-recovered, along with simple interest at the rate equal to the bank rate as on 1 st April of the respective year, shall be recovered or refunded by the generating company or the transmission licensee, as the case may be, in six equal monthly instalments starting within three months from the date of the tariff order issued by the Commission. 152. True up of ARR for Distribution (Wheeling & Retail Supply) Licensee shall be conducted on the following principles: (a) Variation in revenue and sales of the distribution licensee based on projected revenue and sales vis-a- vis actual revenue and sales; (b) Variation in long term power purchase quantum and cost of the distribution licensee based on merit order dispatch principle of projected long term power purchase quantum and cost vis-a-vis actual long term power purchase quantum and cost: Provided that the distribution licensee shall submit report from State Load Despatch Centre (SLDC) for instances of forced scheduling due to the reasons not attributable to the Distribution licensee for scrutiny of dispatch of power in Delhi on merit order basis in it’s area of supply; Provided that the cost of credit to the net metering consumer on account of net surplus unit of power injected into the grid as specified in Delhi Electricity Regulatory Commission (Net Metering for Renewable Energy) Regulations, 2014 shall be allowed to the distribution licensee in the power purchase cost of the relevant year; (c) Variation in short term power purchase quantum and cost of the distribution licensee based on projected short term power purchase quantum and cost vis-a-vis actual short term power purchase quantum and cost: Provided that Trading Margin, Transmission Charges and Transmission Losses incurred on Forward And Reverse transaction in the same time slot executed within three months for Forward / Reverse power procurement/sale through Banking And Bilateral shall not be allowed in the Power Purchase Cost of the Distribution Licensee; Provided that Sale through Deviation Settlement Mechanism (Unscheduled Interchange) transactions other than forced scheduling of power as certified by SLDC on monthly basis shall be limited to the contingency limit as specified by the Commission in the Business Plan Regulations in order to promote Grid Discipline and optimise Power Purchase Cost; Provided that any Additional/Penal Deviation Settlement Mechanism (Unscheduled Interchange) Charges other than forced scheduling of power as certified by SLDC paid by the Distribution Licensee shall not be allowed in Power Purchase Cost; Provided that Short-term arrangement or agreement, other than traded through Power Exchange, for procurement/sale of power has to be executed through a transparent process of open tendering and competitive bidding guidelines issued by Ministry of Power (MoP) as amended from time to time, unless specific direction issued by the Commission; Provided further that in case the Distribution Licensee does not follow Short Term Power guidelines 66 DELHI GAZETTE : EXTRAORDINARY [PART III] for procurement of power/sale the rate of such power procurement shall be restricted to the average rate of power purchase/sale through exchange during same month for Delhi region. (d) Any surplus or deficit on account of controllable parameters i.e., Operation and Maintenance (O&M) expenses shall be to the account of the Licensee and shall not be trued up in ARR; and (e) Depreciation, Return on equity and interest on loan shall be trued up every year based on the actual capitalisation vis-à-vis capital investment plan (capitalisation) approved by the Commission: Provided further that the Commission shall true up the interest rate on the basis of increase/decrease in State Bank of India Base Rate as on April 1 of the relevant financial year via- a-vis State Bank of India Base Rate as on April 1 of the immediately preceding financial year in accordance with Regulation 0 of these Regulations; (f) interest on working capital loan shall be trued up every year based on the working capital requirement as specified in Regulation 0 of these Regulations. 153. The actual expenditure vis-a-vis projected expenditure incurred on Demand Side Management in the ARR shall be trued up. REGULATORY ASSETS 154. The accumulated revenue gap, if approved by the Commission in the relevant Tariff Order shall be treated as Regulatory Assets: Provided thatsuch revenue gap shall be computed on the basis of excess of ARR over Revenue approved after true up of the relevant financial year. 155. Carrying cost on average balance of accumulated revenue gap shall be allowed to the Utility at carrying cost rate approved by the Commission in the ARR of the relevant financial year: Provided that average balance of accumulated revenue gap shall be determined based on opening balance of accumulated revenue gap and half of the Revenue Gap /Surplus during the relevant year. 156. The Regulatory Asset, if any, shall be indicated in the books of accounts as follows: (a) The total amount of outstanding Regulatory Asset at the end of the year shall be indicated, as a separate entry, under the Assets side of the Accounts. (b) The period of amortisation of the Regulatory Asset and the carrying cost of the Regulatory Asset (if stipulated by the Commission in the Tariff Order or any other Order in this regard) shall be explained under the Notes to the Accounts. (c) For every year of amortisation, the amount of Regulatory Asset amortised during the year as approved by the Commission and the carrying cost allowed by the Commission on the balance Regulatory Asset shall be indicated under the Revenue side, once the Utility is allowed to bill the same to the consumers. INCENTIVE OR DISINCENTIVE 157. The Utility shall be subject to incentive or dis-incentive, as the case may be, based on the performance vis-à- vis target achieved by the respective Utility: (a) In case of a Generating Entity incentive/penalty shall be applicable on the basis of actual performance on account of NAPAF and NAPLF as discussed in these Regulations; (b) In case of a transmission licensee incentive/penalty shall be applicable on the basis of actual performance on account of NATAF as discussed in these Regulations. (c) In case of a Distribution Licensee incentive/penalty shall be applicable on the basis of: (i) Distribution Loss; (ii) Collection Efficiency; and (iii) Sale of Surplus Power. TREATMENT OF DISTRIBUTION LOSS AND COLLECTION EFFICIENCY 158. Target for Distribution loss reduction shall be as specified in the Business Plan Regulations for a Control Period based on factors including previous targets and past performance. [PART III] DELHI GAZETTE : EXTRAORDINARY 67 159. The financial impact on account of over or under achievement of Distribution Loss target shall be computed as under: where, Q1 = Actual quantum of Energy purchased at Distribution periphery in MU; L1 = Distribution Loss Target in %; P = Trued up Average Power Purchase Cost (APPC) per unit at Distribution periphery in Rs./kWh; Q2 = Actual quantum of Energy Billed in MU. 160. Any financial impact on account of overachievement with respect to Distribution Loss target shall be shared between the Distribution Licensee and the consumer in the ratio as specified in the Business Plan Regulations. 161. Any financial impact on account of underachievement with respect to Distribution Loss targets shall be to the Distribution Licensee’s account. 162. Target for Collection Efficiency shall be fixed on the basis of actual performance, past targets and other relevant factors/measures/information of the Distribution Licensee for a Control Period in the Business Plan Regulations. 163. The financial impact on account of over or under achievement of Collection Efficiency target shall be computed as under: where, = Actual amount collected excluding electricity duty, late payment surcharge, any other surcharge in Rs. Cr.; = Actual amount billed excluding electricity duty, late payment surcharge, any other surcharge C2 = Target in %; 164. Any financial impact on account of underachievement less than the target and overachievement above 100% with respect to Collection Efficiency targets shall be to the Licensee’s account: Provided that any financial impact on account of over achievement over and above the target and limited to 100% with respect to Collection Efficiency targets shall be shared as per the mechanism indicated in the Business Plan Regulations of the Control Period. 165. Any financial impact of over realisation on account sale of Surplus Power as, specified in Regulation 123 of these Regulations, shall be adjusted as per the mechanism indicated in the Business Plan Regulations of the control period: Provided that any financial impact of under realisation on account sale of Surplus Power as specified in Regulation 123 of these Regulations shall be to the account of distribution licensee. DEVIATION CHARGES 166. Variations between actual injection of Energy and scheduled injection of Energy for the generating stations, and variations between actual drawal of Energy and scheduled drawal of Energy for the beneficiaries shall be treated as their respective deviations and charges for such deviations shall be governed by the Central Electricity Regulatory Commission (Deviation Settlement Mechanism and Related matters) Regulations, 2014, as amended from time to time. 68 DELHI GAZETTE : EXTRAORDINARY [PART III] 167. The Commission may specify additional controllable performance parameter/(s) in the Business Plan Regulations for increasing the efficiency and evolve incentive/dis- incentive mechanism for the Utility based on its actual performance. PART 8 MISCELLANEOUS 168. Issue of Regulations, Orders and Practice Directions: Subject to the provision of the Act and these Regulations, the Commission may, from time to time, issue Business Plan Regulations, Tariff Orders and Practice directions in regard to the implementation of these Regulations and procedure to be followed on various matters, which the Commission has been empowered by these Regulations to direct, and matters incidental or ancillary thereto. 169. The Commission, if required at appropriate stage, may specify other charge for Generating Entity or Transmission Licensee or Distribution Licensee. 170. Notwithstanding anything contained in these Regulations, the Commission shall have the authority, either suo-motu or on a Petition filed by any interested or affected party, to determine the tariff of any Utility. 171. Powers to remove difficulties: If any difficulty arises in giving effect to any of the provisions of these Regulations, the Commission may, by a general or special order, not being inconsistent with the provisions of these Regulations or the Act, do or undertake to do things or direct the Licensee to do or undertake such things which appear to be necessary or expedient for the purpose of removing the difficulties. 172. Power of Relaxation: The Commission may in public interest and for reasons to be recorded in writing, relax any of the provision of these Regulations. 173. Interpretation: If a question arises relating to the interpretation of any provision of these Regulations, the decision of the Commission shall be final. 174. Saving of Inherent Powers of the Commission: Nothing contained in these Regulations shall limit or otherwise affect the inherent powers of the Commission from adopting a procedure, which is at variance with any of the provisions of these Regulations, if the Commission, in view of the special circumstances of the matter or class of matters and for reasons to be recorded in writing, deems it necessary or expedient to depart from the procedure specified in these Regulations. 175. Enquiry and Investigation: All enquiries, investigations and adjudications under these Regulations shall be done by the Commission through the proceedings in accordance with the provisions of the Delhi Electricity Regulatory Commission Comprehensive (Conduct of Business) Regulations, 2001 as amended from time to time. 176. Power to Amend: The Commission, for reasons to be recorded in writing, may at any time vary, alter or modify any of the provision of these Regulations by amendment. MAHENDER SINGH, Secy. DEPRECIATION SCHEDULE Sr. No. Asset Particulars Useful Life (years) Depreciation Rate for 12 years Depreciation Rate Beyond 12 years till Useful Life A B C=[90%-(12*B)]/ (A-12) 1 Land owned under full title Infinity 2 Land held under lease (A) For investment in land The period of lease or the period remaining unexpired on the Assignment of the lease Rate based on the period of lease (B) For cost of clearing site The period of lease remaining unexpired at the date of clearing the site [PART III] DELHI GAZETTE : EXTRAORDINARY 69 Sr. No. Asset Particulars Useful Life (years) Depreciation Rate for 12 years Depreciation Rate Beyond 12 years till Useful Life A B C=[90%-(12*B)]/ (A-12) 3 Assets Purchased New Depreciation Rate shall be computed based on the balance depreciable value spread over remaining Useful Life of asset (A) Plant and machinery in generating stations including plant foundations (i) Steam-electric NHRS & Waste Heat Recovery Boilers / Plants (ii) Diesel electric & Gas plant 25 5.83 (B) Cooling towers and circulating water systems (C) Buildings (i) Offices, showrooms and residential buildings 50 1.80 (ii) Buildings other than Offices & showrooms 30 3.00 (III) Temporary erection such as wooden structures 0 100 Depreciation Rate shall be computed based on the balance depreciable value spread over remaining Useful Life of asset (IV) Roads other than Kutcha roads 50 1.80 (V) Others 30 3.00 (D) Transformers, Kiosk, sub-station equipment & other fixed apparatus (including plant foundations) (E) Switchgear including cable connections 25 5.83 (i) Station type 25 5.83 (iii) Synchronous condenser 25 5.83 (G) Batteries 5 18.00 (H) Underground cable including joint boxes and disconnected boxes (I) Overhead lines including cable supports 25 5.83 (j) Meters 15 6.00 (K) Vehicles 10 9.00 (L) Air Conditioning Plants (i) Static 25 5.83 (ii) Portable 10 9.00 (M) Office furniture and related equipments 10 9.00 (i) Radio and high frequency carrier system 15 6.00 (ii) Telephone lines, Fibre Optic and telephones 15 6.00 (O) I. T Equipment including software (salvage value for IT equipment and software shall be considered as NIL and 100% value of the assets shall be considered depreciable) Depreciation Rate shall be computed based on the balance depreciable value spread over remaining Useful Life of asset Any other assets not covered above As per Companies Act 2013 amended from time to time. Note: The useful life for AC & DC substations and Gas Insulated Sub-station including switchgears for which Notice Inviting Tender is floated on or after 01.02.2017 shall be considered as 35 years. 70 DELHI GAZETTE : EXTRAORDINARY [PART III] NAME OF POWER UTILITY IN DELHI FORMATS FOR ARR & TARIFF FILING BY POWER UTILITY Summary Formats 1 Sheet S1 Profit & Loss Account 2 Sheet S2 Cash flow statement 3 Sheet S3 Annual Revenue Requirement Financial Formats 6 Sheet F2 (a) Supplement to Form F2 (Form 2.1a) 7 Sheet F3 Revenue Grants & subsidies 8 Sheet F4 Income from investments and Non-Tariff Income 10 Sheet F6 Employees' Cost & Provisions 11 Sheet F6(a) Employee Strength 12 Sheet F7 Administration & General Expenses 13 Sheet F7(a) Legal Expenses 14 Sheet F8 Statement of Fixed Assets and Depreciation 16 Sheet F10 Interest & Finance charges 17 Sheet F11 Loan details 18 Sheet F12 Statement of Sundry Debtors & provision for bad & doubtful debtors 19 Sheet F13 Contribution Grants & subsidies towards Capital assets 20 Sheet F14 Statements of assets not in use 21 Sheet F15 Current Assets and Liabilities 22 Sheet F16 Net Worth of Distribution Companies 23 Sheet F1b Energy Balance : Energy Input and Cost of Pool Power 24 Sheet F17 Allocation Statement - Wheeling Business 25 Sheet F18 Allocation Statement - Retail Supply Business 26 Sheet F2b Investment Plan - Master 27 Sheet F19 Consumer Security Deposit 28 Sheet P1 District-wise AT&C Loss 29 Sheet R1 Projection of Sales, Customers & Connected load for metered consumers 30 Sheet R1a Revenue from Proposed Tariff & Charges Instructions for the Utility: 1 Electronic copy in the form of CD/ Floppy Disc shall also be furnished 2 These formats are indicative in nature and the utility may align the line items to its chart of accounts Name of Power Utility in Delhi Profit & Loss Account Form No: S1 All figures in Rs Crores Sr. No. Particulars Previous Year Variance Audited Actual A Revenue Link with Form 2.1a Notes to Accounts 1 Revenue from sale of power 2 Non-tariff income 3 Other Revenue/ subsidies - Sourcewise Total Revenue or Income [PART III] DELHI GAZETTE : EXTRAORDINARY 71 1 Purchase of Power from Long term Sources with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available 2 Purchase of Power from Other than Long term Sources 3 Transmission Charges (a) Inter State 4 Load Despatch Charges 5 Operations and Maitenance Expenditure (a) Repairs and Maintenance (b) Employee costs (Excluding loans and advances to Staff) (c ) Administration and General expenses 6 Net prior period credit/(charges) 7 Other Debits, Write-offs 8 Extraordinary items 9 Less: Expenses Capitalized (A&G/Employee Expenses) C Profit before depreciation, interest and taxes D Depreciation E Provisions F PBIT 1 Interest & Finance Charges 2 Less: Interest Capitalized G Total Interest and Finance Charges I Profit/Loss before Tax K Profit/Loss after Tax Notes on accounts Note: - Auditor to certify Previous year figures. Note: Provide information on appropriation to reserves if any Name of Power Utility in Delhi Cash Flow Statement (Direct Method) Form No.: S2 Amount in Rs Crores Particulars Previous Year (Actual) Current Year (Estimated) Next Year (EY) (Projection) Cash inflow Receipts Tariff collection Equity Inflow Subsidy received from Govt. Sale of Power/Advance Other Receipts including non-energy collection from consumers Consumer Contribution for Capital works Term Loan Received Sale of Equipment FD Matured Interest received Dividends Total Cash Inflow Cash Outflow Equity Reduction 72 DELHI GAZETTE : EXTRAORDINARY [PART III] Payment for Power Purchase Cost Reconciliation with Audited Accounts of the Year (Please mention Exact for the Audited Accounts), if available Short Term Power Purchase payments (incl. advances) (Note, if any) Medium Term Power Purchase payments (incl. advances) (Note, if any) Long Term Power Purchase payments (Note, if any) TDS deposited on power purchase payments Total payment for power purchase Other Payments Equity Reduction Salaries, Wages and Other Staff expenses Payment to vendors for Repair and Maintenance (Note, if any) Payment for Capital works Administration and Other Payments Advances (Refer note) Fixed Assets Purchased TDS & Service Tax deposited (Other than TDS deposited on power purchase payments) Dividend payment Income Tax Interest Payment (a) Loans for Capex (b) Other than Capex Electrcity Tax Fixed Deposit: Debt Service Reserve Account (DSRA) Refund of consumer contribution for capital works, if any (Note, if any) Other Finance charges Loan Repayment (a) For Capex Schemes (b) Other than Capex Total outflow of Cash Opening Cash and Bank Balance Closing Cash and Bank Balance Notes to Accounts Name of Power Utility in Delhi Annual Revenue Requirement Form No: S3 All figures in Rs Crores Actual Estimated Projection Reconciliation with Audited Accounts of the Year (Please mention Exact for the Audited Accounts), if available. Link with P & L A/c 2 Sale of Power (MU) 3 Loss % 3.1 Distribution 3.2 Intra State 3.3 Inter State 1 Receipts a Revenue from tariffs i) Fixed Charges iii) PPAC iv) Surcharge for Regulatory Asset (8%) vi) Any Other Receipt b Revenue subsidy from Govt. Total 2 Expenditure a Purchase of Power from Long Term Sources b Purchase of Power from Other than Long Term Sources i) Intra State d Load Despatch Charges [PART III] DELHI GAZETTE : EXTRAORDINARY 73 f Depreciation g Interest i Less: Interest capitalised j Less: Finance charges capitalised Total 3 Return as approved/ allowed by Commission 4 Other Income 5 Annual Revenue Requirement (2)+(3)-(4) 6 Surplus(+) / Shortfall(-) : (1)-(5) before tariff revision 7 Tariff Revision Impact 8 Surplus(+) / Shortfall(-) : (6)-(7) after tariff revision Name of Power Utility in Delhi Power Purchase Statement for the month of ------------------, 2013 Form No: F1 Sl. No. Station Name/ Agency MUs Purchas ed/ sold Fixed Cost (in Rs./Cr.) Variable Cost (in Rs./Cr.) Other Charges (in Arrears (in Interest on Arrears as approve d by CERC, if any (in Late Paymen t Surchar ge, if any (in Incentiv e/ adjustm ent, if any Total Charges (in Per Unit Cost Transmissi on Losses (MUs) Transmissio n /open Access Charges (in Rs./Cr.) MUs at Discoms Periphery Total charges including transmissio n charges (in Rs./Cr.) Per Unit cost at Discom Peripher y Power Purchase Statement Total of long Total of bilateral purchase (B) Total of purchase through exchange (C) Total of banking arrangement (D) Total of intra state purchase (E) Total of UI purchase (F) Total Power Purchase Cost (G) F) Bulk Power Sale Statement Total of Medium Total of short term billateral sale (I) Total of banking arrangement (J) 74 DELHI GAZETTE : EXTRAORDINARY [PART III] Total of intra Total of UI sale (L) Total sale L) Net Power Purchase Cost (N)=(G-M) Note:- 1. Figures may be indicated upto 3 decimal places 2. Station from which power has been regulated may be indicated and the period of regulation of power from the station may also be intimated in the foot note. Certification : - It is certified that all the charges mentioned in the format are in compliance with CERC Regulations/Orders applicable for the relevant period. (Specify the Order) Auditor Name of Power Utility in Delhi From No. : F2 Current Year (Estimated) and Previous Year(Actual) C o llectio n D u rin g th e M o n th R em a rk s Category Component of Tariff Relevant Sales Data F ixed C h arg es E n ergy C h arges A verag e N o o f d ay s b illed d u rin g th e m o n th /b illin g factor T o ta l N o. o f C on su m ers & sa n ction ed load (M W /M K V A T o ta l b ills raised d u rin g th e m on th co n tracted d em an d T o ta l S a les F ixed ch arges B illed E n ergy C h arges B illed O th er C h arges P P A C A m ou n t B illed S u rch a rge @ E -T ax S u b sid y if an y A d ju stm en t F u u e in clu d in g su b sid y b u t E xclu d in gE -T ax an d su rch arge T o ta l A m ou n t B illed (in clu d in g E tax an d su rch arge) A verga e T ariff R ates as ap p licab le (M W /M K V A (N o (N o (M W /M K V A (M U (M K V A H (R s C r) (R s C r) (R s C r) (R s C r) (R s C r) (R s C r) (R s C r) N u m b ers o f b ills A m o u n t a d ju ste d U n its a d ju sted (R s C r) (R s C r) (R s./k W h (R s C r) S. No 1 Domestic 1.1 Domestic Load Slab wise Between 2 KW to 5 Slab wise Above 5 KW Connected Load Slab wise Single Delivery Point Slab wise 1.3 Hospital 1.4 Worship 1.4 DVB Staff 1.5 Misuse (Domestic) 1.6 Theft (Domestic) 2 Non Domestic [PART III] DELHI GAZETTE : EXTRAORDINARY 75 Non Domestic Low Tension Slab wise Non Domestic High Tension (NDHT) Misuse (Non Domestic) 2.4 Theft (Non Domestic) 3 Industrial Small Industrial Power (SIP) Slab wise Industrial Power on 11kV SPD for SIP Group Large Industrial Power (LIP) 3.4 Misuse (Industrial) 3.5 Theft (Industrial) 4 Agriculture 4.1 Agriculture 4.2 Misuse (Agriculture) 4.3 Theft (Agriculture) 5 Mushroom Cultivation 5.1 Mushroom Cultivation Misuse (Mushroom Cultivation) Theft (Mushroom Cultivation) 6 Public Lighting 6.1 Street Light (Metered) Street Light (Unmetered) Signals & Blinkers (Metered) Signals & Blinkers (Unmetered) 7 Delhi Jal Board (DJB) Slab wise and above) Delhi International Airport Limited (DIAL) 9 Railway Traction wise 11 Temporary Supply 11.1 for the Period of .a Less than 16 Days .b More than or Equal to 16 Days For Residential Cooperative group husing connections and other residential connections For religious functions of traditional and established characters and cultural activities For major construction projects 11.5 For threshers .a During the threshing season for 30 days .b For extended period Advertisement and Hoardings 76 DELHI GAZETTE : EXTRAORDINARY [PART III] 13 Self Consumption 14 TOTAL Name of Power Utility in Delhi Supplement to Form F2 (a) Form No: F2 (a) Break up of Consumption details under respective slabs (in Kwh) as applicable from time to time in tariff order Units 201-400 Units 401-800 Units Above 800 Units 1 Domestic 0-200 0- Above 800 Energy Charges 1.1 (a) Domestic (Up to 2KW connected load) 1.1(b) Domestic (Between 2-5 KW connected load) 1.1 (c connected load) Name of Power Utility in Delhi Revenue & Capital Subsidies Form No.: F3 Annual Particulars Opening Balance Received Disbursed/Utilised Closing Balance Reconciliation with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available In Rs Crores A Revenue Subsidies And Grants B Capital Subsidies And Grants Total Name of Power Utility in Delhi Income from investments and Non-Tariff Income Form No: F4 Reconcilation with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available Figure in Rs Crore Actual Estimate Projection A Income from Investment, Fixed & Call Deposits 1 Interest Income from Investment of Statutory Reserves B Other Income (Net) 1 Interest on loans and Advances to staff 2 Interest on Loans and Advances to Licensee 3 Interest on Loans and Advances to Lessors 4 Interest on Advances to Suppliers / Contractors 5 Income from Trading (other than Electricity) 6 Gain on Sale of Fixed Assets 7 Income/Fee/Collection against staff welfare activities 8 Miscellaneous receipts 9 Misc. charges from consumers 10 Surcharge on Non Payment of subsidy by Govt Total Notes: - Statutory Resrves are reserves created from ARR [PART III] DELHI GAZETTE : EXTRAORDINARY 77 Name of Power Utility in Delhi Repair & Maintenance Expenditure Form No: F5 Reconciliation with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available Figure in Rs Crore Actual Estimate Projection i) Owned ii) Outsourced 2 Transformer other than installed in Sub Station 3 Building 4 Civil Works 5 Others Works 6 Lines, Cables Net Works etc. 7 Vehicles 8 Furniture and Fixtures 9 Office Equipments 10 Spare Inventory for maintaining Transformer redundancy 11 Sub station maintenance by private agencies Total Name of Power Utility in Delhi Employee Cost and Provisions Form No: F6 Reconciliatio n with Audited Accounts of the Year (Please mention Exact e for the Audited Accounts), if available Actua l Estimat e Projection Employee's Cost 1 Salaries 2 Dearness Allowance 3 Other Allowances & Relief a Allowance details b … c …. d 4 Medical Expenses Reimbursement 5 Leave Travel Assistance 6 Fee & Honorarium 7 Incentives/Awards Including That In Partnership Project (Specify Items) 8 Earned Leave Encashment 0 Leave Salary Contribution 1 Payment Under Workman'S Compensation And Gratuity 2 Subsidised Electricity To Employees 3 Staff Welfare Expenses C Apprentice And Other Training Expenses D Payment/Contribution To PF Staff Pension And Gratuity 1 Terminal Benefits a) Provident Fund Contribution b) Provision for PF Fund - Invested Not Invested e) Leave Encashment Payment 2 Any Other Items Total D E Bonus/Exgratia To Employees G Chargeable To Construction Works Balance Item 'F' Apropriate For (F)-(G) Relevant Indices Of Wages Increase (As At The Beginning & End Of The Year) WPI CPI D.A Rate 78 DELHI GAZETTE : EXTRAORDINARY [PART III] Name of Power Utility in Delhi Employee Strength Form No: F6(a) Particulars Opening Balance Retired/Deaths Addition Closing balance Reconciliation with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available A FRSR Name of Power Utility in Delhi Adminstration & General Expenses Form No: F7 with Audited Accounts of the Year (Please mention Exact for the Audited Accounts), if available In Rs Crores Actual Estimate Projection A) Administration Expenses 1 Rent rates and taxes (Other than all taxes on income and profit) 2 Insurance of employees, assets, legal liability 3 Revenue Stamp Expenses Account 5 Incentive & Award To Employees/Outsiders 6 Consultancy Charges 7 Technical Fees 8 Other Professional Charges 9 Conveyance And Travel (vehicle hiring, running) 10 DERC License fee 11 Plant And Machinery 12 Security / Service Charges Paid To Outside Agencies 13 Regulatory Expenses 14 Ombudsman Expenses 15 Consumer Forum Sub-Total of Administrative Expenses 1 Fee And Subscriptions Books And Periodicals 2 Printing And Stationery 3 Advertisement Expenses (Other Than Purchase Related) Exhibition & Demo. 4 Contributions/Donations To Outside Institute / Association 5 Electricity Charges To Offices 6 Water Charges 7 Public Interraction Program 8 Any Other expenses Sub-Total of other charges [PART III] DELHI GAZETTE : EXTRAORDINARY 79 E) Frieght - Material Related Expenses H) Total Charges Chargeable To Capital Works I) Total Charges Chargeable to Revenue Expenses Name of Power Utility in Delhi Legal Expenses (Previous Years) Form No: F7(a) S.No. Particulars Case No. Matter Fees per Hearing Total Fees Reconciliation with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available In Rs Crores A) Cases Other than 142 before 1 DERC 2 APTEL 3 High Court 4 Supreme Court 5 Others B) Cases under 142 Name of Power Utility in Delhi Fixed Assets and Provision for Depreciation Form No: F8 Previous Year In Rs Crores Gross Fixed Assets Provision For Depreciation Net Fixed Assets Sl. No Particula rs Financial Year of Commissio ning Openi ng Balan ce Additi on Durin g Year Decpitaliza tion Closi ng Balan ce Rate of Depreciat ion Openi ng Balan ce Additi on Durin g Year Decpitaliza tion Closi ng Balan ce Openi ng Balan ce Closing Balance Reconcilia tion with Audited Accounts of the Year (Please mention Exact dule for the Audited Accounts), if available 1 Land & Land rights 2 Building and Civil Works Others 1 Others 2 Others 3 Sub- Total 3 Line Cable Networks etc. Towers, ploes, fixtures, overhead conductors, devices Transfor mers Switchgears, Control gear & Protection Batteries Others 80 DELHI GAZETTE : EXTRAORDINARY [PART III] 4 Communication equipment 5 Meters 6 Vehicles 7 Furnitur e & fixtures 8 Office Equipme nts 9 Any other items Total (1 to 9) Note 1 Provide for fair value of assets if assessed Name of Power Utility in Delhi Format for Capitalization PY- Actual Form No.: F9 S. No. Nam e of Divis ion Sche me No. Descri ption of Schem e Ite m Na me Item Code /Uni que Code No. Functi onal Locati on Amoun t Capital ized Mate rial Cost Labour & Transpor tation Road Restor ation Charge s Interest During Constru ction Liquid ated damag es A&G Expe nses Date of Electr ical Inspe ctor cleara nce Da te of C O D Rema rks Reconcili ation with Audited Accounts of the Year (Please mention Exact edule for the Audited Accounts ), if available Name of Power Utility in Delhi Interest & Finance Charges Form No: F10 Particulars Interest Rate Previous Year Current Year Ensuing Year In Rs Crores Actual Projected Projected Reconciliation with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available A I Interest and Finance Charges on Long Term Loans / Credits from the FIs/banks/organisations approved by the State Government 1 PFC 2 Bonds 4 APDRP 5 Any Other Total of I (Weighted average) II Interest on Working Capital Loans Or Short Term Loans [PART III] DELHI GAZETTE : EXTRAORDINARY 81 Total of A : I + II B Other Interest & Finance Charges 1 Cost of raising Finance & Bank Charges etc. 2 Interest on Security Deposit 3 Penal Interest Charges 4 Lease Rentals 5 Penalty charges for delayed payment for power purchase Total of B C Grand Total Of Interest & Finance Charges: A + B D Less: Interest & Finance Charges Chargeble to Capital Account E Net Total Of Interest & Finance Charges : For Name of Power Utility in Delhi Form No.: F11 Loan details for Financial Year ____________ _(Rs in Crore) Loan detail s Principa l Payment of interest Serial No. Name of Lender (Institution/ Others specify) (copy of Letter of Intent after approval of loan to be enclosed) Loa n No. Details of sanction Moratorium period, if any Reconciliatio n with Audited Accounts of the Year (Please mention Exact e for the Audited Accounts), if available Date of Sanctio n Amoun t Perio d of Loan Opening Balance Disburse d Repaid Closing Balanc e Rate of interes t Date of paymen t of interest Amount paid (net of rebate, if any) Amount Dat e Amoun t Dat e Name of Power Utility in Delhi Statement of Sundry Debtors and provision for Bad & Doubtful Debts Form No: F12 Annual All figures in Rs Crores Actual Reconciliation with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available 1 Receivable from customers as at the beginning of the year a) Domestic c) Industrial d) Agriculture g) Delhi Jal Board h) Delhi International Airport Limited k) Advertisements and Hoardings 2 Revenue billed for the year 82 DELHI GAZETTE : EXTRAORDINARY [PART III] a) Domestic c) Industrial d) Agriculture g) Delhi Jal Board h) Delhi International Airport Limited k) Advertisements and Hoardings 3 Collection for the year Against current dues Against arrears upto previous year a) Domestic c) Industrial d) Agriculture g) Delhi Jal Board h) Delhi International Airport Limited k) Advertisements and Hoardings 4 Gross receivable from customers as at the end of the year a) Domestic c) Industrial d) Agriculture g) Delhi Jal Board h) Delhi International Airport Limited k) Advertisements and Hoardings 5 Receivables against permanently disconnected consumers a) Domestic c) Industrial d) Agriculture g) Delhi Jal Board h) Delhi International Airport Limited k) Advertisements and Hoardings 7 % of provision 8 Provision for bad and doubtful debts Note: The details in Sundry debtors in MU should also be enclosed Name of Power Utility in Delhi Contributions towards Cost of Capital Assets Form No: F 13 Sl No Particulars Previous Year Current Year Ensuing Year In Rs Crores Balance at the beginning of the year Additions during the Year Capitalized during the year Balance at the end of the Year Additions during the Year Capitalized during the year Balance at the end of the Year Additions during the Year Capitalized during the year Balance at the end of the Year [PART III] DELHI GAZETTE : EXTRAORDINARY 83 1 Consumer Contribution Towards Cost Of Capital Assets Reconciliation with Audited Accounts of the Year (Please mention Exact for the Audited Accounts), if available Total Name of Power Utility in Delhi Statement of Assets Not in Use Form No: F14 All figures in Rs Crores Financial Year* Sl. No. Date of Historical Cost/Cost of Acquisition Date of withdrawal operations Accumulated Depreciation on date of withdrawal Written down value on date of withdrawal Reconciliation of opening balance of asset not in use, reused during the relevant year, withdrawan during the relevant year and closing balance *Note:—Information to be provided for Previous Year, Current Year & Ensuing Year Name of Power Utility in Delhi Current Assets & Liabilities Form No: F15 All figures in Rs Crores Actual Estimated Projection Reconciliation with Audited Accounts of the Year (Please mention Exact Note/Schedule for the Audited Accounts), if available A Current Assets, Loans and Advances Sundry Debtors Inventories Cash and Bank Balances Loans and Advances B Current Liabilities and Provisions Current Liabilities Provisions Name of Power Utility in Delhi Net Worth of Distribution Companies Form No: F 16 Actual Estimated Projection Original Cost of FA Reconciliation with Audited Accounts of the Year (Please mention Exact for the Audited Accounts), if available Add CWIP Add Net Current Assets Less: Depreciation Less: Loan Long term Outstanding Less: CSD Less: SLD Less: Consumer Contribution Net Worth Additional Capital Infusion during the year/dividend payment Total Net Worth 84 DELHI GAZETTE : EXTRAORDINARY [PART III] Energy Balance S. No Particulars Calculation Actual Estimated Projection 1 Energy Sales Total Energy Sales 2 Distribution Losses a) Distribution losses at 33kV level above b) Distribution losses in HT 11kV and LT system combined Total Distribution Losses 3 Energy requirement at T-D boundary a) 11kV and LT energy requirement combined Total energy requirement at T-D boundary 5 Energy requirement of EHT consumers 6 Energy Requirement of Distribution system consumers after grossing up for Intra-State Transmission losses 7 Energy Requirement of Distribution Licensee 9 Total Energy requirement 10 Total Energy available 11 Surplus / (Deficit) Allocation Statement - Revenue Requirement (for the year) All figures in Rs Crores Form F17 Actual Estimated Projection Expenditure A Power Purchase Cost D Depreciation E ROCE G Other Miscellaneous Expenses I NTI J Income from other business K Income from other business R ARR - - - Allocation Statement - Revenue Requirement (for the year) All figures in Rs. Crore Form F18 Retail Business Actual Estimated Projection Expenditure A Power Purchase Cost D Depreciation E ROCE [PART III] DELHI GAZETTE : EXTRAORDINARY 85 G Other Miscellaneous Expenses I Total ARR J NTI K Income from other business R ARR Consumer Security Deposit S. No Category PY Actual Opening Balance Received Disbursed/Utilised Closing Balance 1 Domestic 2 Non Domestic 3 Public water works 4 Public Lighting 5 Industrial 6 Agriculture 7 Railway Traction 9 Temporary Supply 10 Others TOTAL Investment Plan - Master Category Status Previous Year Current Year EHV Schemes Submission No of Schemes Cost in RsCrs Approval No of Schemes Cost in RsCrs Distribution Schemes Submission No of Schemes Cost in RsCrs Approval No of Schemes Cost in RsCrs Other Schemes Submission No of Schemes Cost in RsCrs Approval No of Schemes Cost in RsCrs Deposit Schemes Submission No of Schemes Cost in RsCrs Approval No of Schemes Cost in RsCrs Total Submission No of Schemes Cost in RsCrs Approval No of Schemes Cost in RsCrs Total Schemes % Approval (Cost Only) *This contains IT & Communication DPR & Meters & Accessories District-wise AT&C Losses F o rm S l. N o Particul ars Actual (Previous Year) Estimated (Current Year) Projected (Ensuing Year) 86 DELHI GAZETTE : EXTRAORDINARY [PART III] E n erg y In p u t (M U E n erg y B illed to th e C o n su m ers (M U D istrib u tio n L o ss (M U A m o u n t B illed (R s C r) A v era g e B illin g R a te (R s / U n it) A m o u n t R ea lized (R s/C r) A v era g e R ea liza tio n ra te (R s / U n it) U n its R ea lized (M U A T C L o ss (% E n erg y In p u t (M U E n erg y B illed to th e C o n su m ers (M U D istrib u tio n L o ss (M U A m o u n t B illed (R s C r) A v era g e B illin g R a te (R s / U n it) A m o u n t R ea lized (R s/C r) A v era g e R ea liza tio n ra te (R s / U n it) U n its R ea lized (M U A T C L o ss (% E n erg y In p u t (M U E n erg y B illed to th e C o n su m ers (M U D istrib u tio n L o ss (M U A m o u n t B illed (R s C r) A v era g e B illin g R a te (R s / U n it) A m o u n t R ea lized (R s/C r) A v era g e R ea liza tio n ra te (R s / U n it) U n its R ea lized (M U A T C L o ss (% Projection of Sales, Customers & Connected load for metered consumers Form No: F22 Actual Estimated Projection Sales (MU) No. of Consumers Connected Load (MW) Projection of Sales (MU) Projection of no. of Consumers Projection of Connected Load (MW) Projection of Sales (MU) Projection of no. of Consumers Projection of Connected Load (MW) 1 Domestic 1.1 Domestic Load Slab wise 1.1.2 Between 2 KW to 5 KW Connected Load Slab wise Load Slab wise 1.2 Single Delivery Point on Slab wise 1.3 Hospital 1.4 Worship 1.4 DVB Staff 1.5 Misuse (Domestic) [PART III] DELHI GAZETTE : EXTRAORDINARY 87 1.6 Theft (Domestic) 2 Non Domestic 2.1 Non Domestic Low Tension Slab wise 2.2 Non Domestic High Tension (NDHT) 2.3 Misuse (Non Domestic) 2.4 Theft (Non Domestic) 3 Industrial 3.1 Small Industrial Power (SIP) Slab wise 3.2 Industrial Power on 11kV SPD for SIP Group 3.3 Large Industrial Power (LIP) 3.4 Misuse (Industrial) 3.5 Theft (Industrial) 4 Agriculture 4.1 Agriculture 4.2 Misuse (Agriculture) 4.3 Theft (Agriculture) 5 Mushroom Cultivation 5.1 Mushroom Cultivation 5.2 Misuse (Mushroom Cultivation) 5.3 Theft (Mushroom Cultivation) 6 Public Lighting 6.1 Street Light (Metered) 6.2 Street Light (Unmetered) 6.3 Signals & Blinkers (Metered) 6.4 Signals & Blinkers (Unmetered) 7 Delhi Jal Board (DJB) Slab wise and above) 8 Delhi International Airport Limited (DIAL) 88 DELHI GAZETTE : EXTRAORDINARY [PART III] 9 Railway Traction wise 11 Temporary Supply 11.1 for the Period of 11.1.a Less than 16 Days 11.1.b More than or Equal to 16 Days 11.2 For Residential Cooperative group husing connections and other residential connections 11.3 For religious functions of traditional and established characters and cultural activities 11.4 For major construction projects 11.5 For threshers 11.5.a During the threshing season for 30 days 11.5.b For extended period 12 Advertisement and Hoardings 13 Self Consumption 14 TOTAL Revenue from Proposed Tariff & Charges Form F-23 S. No Particulars Ensuing Year (FY 2015-16) Consumers (Nos.) Connected Load (KW) Sales (MU) Fixed Charges Variable Charges Revenue from Fixed Charges (Rs. Crs.) Revenue from Variable Charges (Rs. Crs.) Total Revenue (Rs. Crs.) 1 Domestic 1.1 Domestic 1.1.1 Upto 2 KW Connected Load Slab wise 1.1.2 Between 2 KW to 5 KW Connected Load Slab wise 1.1.3 Above 5 KW Connected Load Slab wise 1.2 Single Delivery Point on 11 KV CGHS Slab wise 1.3 Hospital 1.4 Worship 1.4 DVB Staff 1.5 Misuse (Domestic) 1.6 Theft (Domestic) 2 Non Domestic 2.1 Non Domestic Low Tension Slab wise 2.2 Non Domestic High Tension (NDHT) 2.3 Misuse (Non Domestic) 2.4 Theft (Non Domestic) [PART III] DELHI GAZETTE : EXTRAORDINARY 89 3 Industrial 3.1 Small Industrial Power (SIP) Slab wise 3.2 Industrial Power on 11kV SPD for SIP Group 3.3 Large Industrial Power (LIP) 3.4 Misuse (Industrial) 3.5 Theft (Industrial) 4 Agriculture 4.1 Agriculture 4.2 Misuse (Agriculture) 4.3 Theft (Agriculture) 5 Mushroom Cultivation 5.1 Mushroom Cultivation 5.2 Misuse (Mushroom Cultivation) 5.3 Theft (Mushroom Cultivation) 6 Public Lighting 6.1 Street Light (Metered) 6.2 Street Light (Unmetered) 6.3 Signals & Blinkers (Metered) 6.4 Signals & Blinkers (Unmetered) 7 Delhi Jal Board (DJB) Slab wise 7.2 DJB (Supply at 11 KV and above) 8 Delhi International Airport Limited (DIAL) 9 Railway Traction 10 DMRC supply Voltage wise 11 Temporary Supply 11.1 for the Period of 11.1.a Less than 16 Days 11.1.b More than or Equal to 16 Days 11.2 For Residential Cooperative group husing connections and other residential connections 11.3 For religious functions of traditional and established characters and cultural activities 11.4 For major construction projects 11.5 For threshers 11.5.a During the threshing season for 30 days 11.5.b For extended period 12 Advertisement and Hoardings 13 Self Consumption 14 TOTAL 90 DELHI GAZETTE : EXTRAORDINARY [PART III] TARIFF FILING FORMS (GENERATING STATIONS) FOR DETERMINATION OF TARIFF Checklist of Forms and other information/ documents for tariff filing for Generating Stations Form No. Title of Tariff Filing Forms (Generating Stations) FORM- 1 Summary Sheet Form-1(I) Statement showing claimed capital cost Form-1(II) Statement showing Return on Equity FORM-3 Normative parameters considered for tariff computations FORM- 4 Details of Foreign loans FORM- 4A Details of Foreign Equity FORM-5 Abstract of Admitted Capital Cost for the existing Projects Abstract of Capital Cost Estimates and Schedule of Commissioning for the New projects FORM-5B Break-up of Capital Cost for Coal/Lignite based projects FORM-5C Break-up of Capital Cost for Gas/Liquid fuel based Projects FORM-5D Break-up of Construction/Supply/Service packages FORM-5E Details of variables , parameters , optional package etc. for New Project FORM-5Ei In case there is cost over run FORM-5Eii In case there is time over run FORM- 6 Financial Package upto COD FORM- 7 Details of Project Specific Loans FORM- 8 Details of Allocation of corporate loans to various projects FORM-9A Statement of Additional Capitalisation after COD FORM – 9B Statement of Additional Capitalisation during fag end of the useful life of Project FORM – 9Bi Details of Assets De-capitalised during the period FORM – 9C Statement showing reconciliation of ACE claimed with the capital additions as per books [PART III] DELHI GAZETTE : EXTRAORDINARY 91 Form No. Title of Tariff Filing Forms (Thermal) FORM- 9D Statement of Capital cost FORM- 9E Statement of Capital Woks in Progress FORM- 10 Financing of Additional Capitalisation FORM- 11 Calculation of Depreciation FORM- 12 Statement of Depreciation FORM- 13 Calculation of Weighted Average Rate of Interest on Actual Loans FORM- 13A Calculation of Interest on Normative Loan FORM- 13 B Calculation of Interest on Working Capital FORM- 13 C Other Income as on COD FORM- 13 D Incidental Expenditure during Construction up to Scheduled COD and up to Actual COD FORM- 13 E Expenditure under different packages up to Scheduled COD and up to Actual COD FORM- 14 Draw Down Schedule for Calculation of IDC & Financing Charges FORM- 14A Actual cash expenditure Details/Information to be Submitted in respect of Fuel for Computation of Energy Charges FORM-16 Details/Information to be Submitted in respect of Capital Spares FORM-17 Liability Flow Statement FORM 18 (a) Employee Strength FORM-19 (a) Legal Expenses Form 21 Variable Charge for Gas Power Plant Other Information/ Documents Certificate of incorporation, Certificate for Commencement of Business, 1 Memorandum of Association, & Articles of Association ( For New Station setup by a company making tariff application for the first time to CERC) A. Station wise and Corporate audited Balance Sheet and Profit & Loss Accounts with all the Schedules & annexures on COD of the Station for the new station & for the relevant years. 92 DELHI GAZETTE : EXTRAORDINARY [PART III] Form No. Title of Tariff Filing Forms (Thermal) B. Station wise and Corporate audited Balance Sheet and Profit & Loss Accounts with all the Schedules & annexures for the existing station for relevant years. 3 Copies of relevant loan Agreements Copies of the approval of Competent Authority for the Capital Cost and Financial package. Copies of the Equity participation agreements and necessary approval for the foreign equity. 6 Copies of the BPSA/PPA with the beneficiaries, if any Detailed note giving reasons of cost and time over run, if applicable. List of supporting documents to be submitted: a. Detailed Project Report c. PERT Chart and Bar Chart d. Justification for cost and time Overrun Generating Company shall submit copy of Cost Audit Report along with cost accounting records, cost details, statements, schedules etc. for the Generating Unit wise /stage wise/Station wise/ and subsequently consolidated at 8 Company level as submitted to the Govt. of India for first two years i.e. 2014-15 and 2015-16 at the time of mid-term true-up in 2016-17 and for balance period of tariff period 2014-19 at the time of final true-up in 2019-20. In case of initial tariff filing the latest available Cost Audit Report should be furnished. 9 Any other relevant information, (Please specify) Reconciliation with Balance sheet of any actual additional capitalization and amongst stages of a generating station Note1: Electronic copy of the petition (in words format) and detailed calculation as per these formats (in excel format) and any other information submitted shall also be furnished in the form of CD/Floppy disc. [PART III] DELHI GAZETTE : EXTRAORDINARY 93 FORM- 1 Summary Sheet Name of the Petitioner ____________________________________ Name of the Generating Station : _____________________________________ Place (Region/District/State): Sr.No. Particulars Unit Existing Ensuing Years 1.2 Interest on Loan Rs Lakh 1.3 Return on Equity Rs Lakh 1.4 Interest on Working Capital Rs Lakh 1.7 Compensation Allowance (If applicable) Rs Lakh 1.8 Special allowance (If applicable) Rs Lakh (%) of Fuel Quantity (%) 2.2 Landed Fuel Cost ( Imported Coal) Rs/Tone (%) of Fuel Quantity (%) 2.3 Secondary fuel oil cost Rs/Unit Energy Charge Rate ex-bus Rs/Unit 94 DELHI GAZETTE : EXTRAORDINARY [PART III] Form-1(I) –Statement showing claimed capital cost: Sr. No. Particulars Ensuing Years Opening Capital Cost Add: Addition during the year / period Less: Decapitalisation during the year / period Less: Liability Reversal during the year / period Add: Liability Discharges during the year / period Closing Capital Cost Average Capital Cost Form-1(II) –Statement showing Return on Equity: Sr. No. Particulars Ensuing Years Opening Equity Add: Increase due to addition during the year / period Less: Decrease due to de- capitalisation during the year / period Less: Decrease due to reversal during the year /period Add: Increase due to discharges during the year / period Closing Equity Average Equity Rate of ROE Return on Equity [PART III] DELHI GAZETTE : EXTRAORDINARY 95 Plant Characteristics Name of the Petitioner : _______________________________________ Name of the Generating Station : _______________________________________ Schedule COD as per Investment Approval Actual COD /Date of Taken Over (as applicable) Pit Head or Non Pit Head Name of the Boiler Manufacture Name of Turbine Generator Manufacture Main Steams Pressure at Turbine inlet ) abs Main Steam Temperature at Turbine inlet ( o C) Reheat Steam Pressure at Turbine inlet Reheat Steam Temperature at Turbine inlet o C) Main Steam flow at Turbine inlet under MCR condition (tons /hr) Main Steam flow at Turbine inlet under VWO condition (tons /hr) Unit Gross electrical output under MCR /Rated condition (MW) Unit Gross electrical output under VWO condition (MW) Guaranteed Design Gross Turbine Cycle Heat Rate (kCal/kWh) Conditions on which design turbine cycle heat rate guaranteed % MCR % Makeup Water Consumption Design Capacity of Make up Water System Design Capacity of Inlet Cooling System Design Cooling Water Temperature ( C) Back Pressure Steam flow at super heater outlet under BMCR condition Steam Pressure at super heater outlet under Steam Temperature at super heater outlet under Steam Temperature at Reheater outlet at BMCR condition ( C) Design / Guaranteed Boiler Efficiency (%) Design Fuel with and without Blending of 96 DELHI GAZETTE : EXTRAORDINARY [PART III] domestic/imported coal Type of Cooling Tower Type of cooling system Type of Boiler Feed Pump Fuel Details -Primary Fuel -Secondary Fuel -Alternate Fuels Special Features/Site Specific Features Special Technological Features Environmental Regulation related features Any other special features 1: At Turbine MCR condition. 2: with 0% (Nil) make up and design Cooling water temperature 3: at TMCR output based on gross generation, 0% (Nil) makeup and design Cooling water temperature. 4: With Performance coal based on Higher Heating Value (HHV) of fuel and at BMCR) out put 5: Closed circuit cooling, once through cooling, sea cooling, natural draft cooling, induced draft cooling etc. 6: Motor driven, Steam turbine driven etc. 7: Coal or natural gas or Naptha or lignite etc. 8: Any site specific feature such as Merry-Go-Round, Vicinity to sea, Intake /makeup water systems etc. scrubbers etc. Specify all such features 9: Any Special Technological feature like Advanced class FA technology in Gas Turbines, etc. 10: Environmental Regulation related features like FGD, ESP etc., Note 1: In case of deviation from specified conditions in Regulation, correction curve of manufacturer may also be submitted. Note 2: Heat Balance Diagram has to be submitted along with above information in case of new stations. Note 3: The Terms – MCR, BMCR, HHV, Performance coal, are as defined in CEA Technical Standards for Construction of Electric Plants and Electric Lines Regulations – 2010 notified by the Central Electricity Authority Note 4: The copy of Certificate shall be submitted (Petitioner) [PART III] DELHI GAZETTE : EXTRAORDINARY 97 Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Year Ending March Particulars Unit Existing Ensuing Years Base Rate of Return on Equity % Effective Tax Rate Target Availability % Auxiliary Energy Consumption % Gross Station Heat Rate kCal/kWh Specific Fuel Oil Consumption ml/kWh Cost of Coal/Lignite for WC in Months Cost of Main Secondary Fuel Oil for WC in Months Fuel Cost for WC in Months Liquid Fuel Stock for WC in Months Maintenance Spares for WC % of O&M Receivables for WC in Months Storage capacity of Primary fuel MT SBI Base Rate % Blending ratio of domestic coal/imported coal 1. For Coal based/lignite based generating stations 2. For Gas Turbine/Combined Cycle generating stations duly taking into account the mode of operation on gas fuel and liquid fuel 3. Mention relevant date 4. Effective tax rate is to be computed in accordance with Regulation i.e. actual tax (or advance tax)/gross income, where gross income refers the profit before tax. (Petitioner) 98 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM 4 Details of Foreign loans (Details only in respect of loans applicable to the project under petition) Name of the Petitioner Name of the Generating Station Financial Year (Starting from COD) Year Year 2 Year 3 and so on Date Amount (Foreign Currency Relevant Exchange Rate Amount (Rs. Lakh) Date Amount (Foreign Currency Relevant Exchange Rate Amount (Rs. Lakh) Date Amount (Foreign Currency) Relevant Exchange Rate Amount (Rs. Lakh) A.1 At the date of Drawl or at the beginning to the year of the period Scheduled repayment date of principal Scheduled payment date of interest At the end of Financial year B In case of Hedging 1 At the date of hedging 2 Period of hedging 3 Cost of hedging 1. Name of the currency to be mentioned e.g. US$ etc. 2. In case of more than one drawl during the year, Exchange rate at the date of each drawl to be given 3. Furnish details of hedging, in case of more than one hedging during the year or part hedging, details of each hedging are to be given 4. Tax (such as withholding tax) details as applicable including change in rates, date from which change effective etc. must be clearly indicated. [PART III] DELHI GAZETTE : EXTRAORDINARY 99 FORM- 4A Details of Foreign Equity (Details only in respect of Equity infusion if any applicable to the project under petition) Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Exchange Rate on date/s of infusion ______________________________________ Sl.No. Financial Year Year 1 Year 2 Year 3 and so on Date Amount Exchange Amount Date Amount Exchange Amount Date Amount Exchange Amount (Foreign Rate Rate (Rs. Currency) Lakh) Currency) Rate Lakh) Currency) Lakh) A.1 At the date of infusion 1. Name of the currency to be mentioned e.g. US$ etc. 2. In case of equity infusion more than once during the year, Exchange rate at the date of each infusion to be given ( Petitioner) 100 DELHI GAZETTE : EXTRAORDINARY [PART III] Form 5 Abstract of Admitted Capital Cost for the existing Projects Name of the Company ______________________________________ Name of the Power Station ______________________________________ Last date of order of Commission for the Reference of petition no. in which the above order Petition no. was passed Following details (whether admitted and /or considered) as on the last date of the period for which tariff is approved, in the above order by the Commission: Capital cost Amount of un-discharged liabilities included in above (& forming part of admitted capital cost) Amount of un-discharged liabilities corresponding to above admitted capital cost (but not forming part of admitted capital cost being allowed on cash basis) (Rs. in lakh)* Gross Normative Debt Cumulative Repayment Net Normative Debt Cumulative Depreciation Freehold land (Petitioner) [PART III] DELHI GAZETTE : EXTRAORDINARY 101 FORM- 5A Abstract of Capital Cost Estimates and Schedule of Commissioning for the New Projects Name of the Petitioner Name of the Generating Station New Projects Capital Cost Estimates Board of Director/ Agency approving the Capital cost estimates: Date of approval of the Capital cost estimates: Present Day Cost Completed Cost Price level of approved estimates As on End of ______Qtr. Of the As on Scheduled COD of the year _________ Station Foreign Exchange rate considered for the Capital cost estimates Foreign Component, if any (In Million US $ or the relevant Currency) Domestic Component (Rs. Lakh) Capital cost excluding IDC, IEDC, FC, FERV & Hedging Cost IDC, IEDC,FC, FERV & Hedging Cost Foreign Component, if any (In Million US $ or the relevant Currency) Domestic Component (Rs. Lakh) Total IDC, IEDC, FC, FERV & Hedging Cost (Rs. Lakh) Rate of taxes & duties considered Capital cost Including IDC, IEDC, FC, FERV & Hedging Cost Foreign Component, if any (In Million US $ or the relevant Currency) Domestic Component (Rs. Lakh) 102 DELHI GAZETTE : EXTRAORDINARY [PART III] Schedule of Commissioning Scheduled COD of Unit-I/Block-I as per Investment Approval Scheduled COD of Unit-II/Block-II as per Investment Approval Scheduled COD of last Unit/Block Note: 1. Copy of Investment approval letter should be enclosed 2. Details of Capital Cost are to be furnished as per FORM-5B or 5C as applicable 3. Details of IDC & Financing Charges are to be furnished as per FORM-14. (Petitioner) [PART III] DELHI GAZETTE : EXTRAORDINARY 103 FORM- 5B Break-up of Capital Cost for New Coal/Lignite based projects Name of the Petitioner _____________________________________ Name of the Generating Station _____________________________________ (Amount in Rs. Lakh) S. No. Break Down As per Original Estimates as per Investment Actual Capital Expenditure as on COD Liabilities/ Provisions Variation Specific Reasons for Variation Estimated Capital expenditure upto Cut-off date . Approval Actual Amount Cost of Land & Site 1 Development Rehabilitation & 1.2 Resettlement (R&R) Preliminary 1.3 Investigation & Site Development Total Land & Site Development Plant & Equipment Steam Generator 2.1 Island Turbine Generator Island 2.3 BOP Mechanical 2.3.1 External water 104 DELHI GAZETTE : EXTRAORDINARY [PART III] As per Original Estimates as per Investment Actual Capital Expenditure as on COD Actual Amount Estimated Capital expenditure upto Cut-off date Sl. No. Liabilities/ Variation Specific Reasons Break Down Provisions for Variation 2.3.2 CW system DM water Plant Clarification plant Chlorination 2.3.5 Plant Fuel Handling Storage system Ash Handling 2.3.7 System Coal Handling 2.3.8 Plant Rolling Stock and 2.3.9 Locomotives 2.3.10MGR Air Compressor Air Condition Ventilation Fire fighting 2.3.14HP/LP Piping FGD system, if any plant for sea- water intake [PART III] DELHI GAZETTE : EXTRAORDINARY 105 As per Original Actual Capital Estimated Sl. Estimates as per Expenditure as on Liabilities/ Variation Specific Reasons Capital No. Break Down (2) Investment COD expenditure upto Provisions for Variation Cut-off date Actual Amount 2.3.17External coal handling in Jetty, if any Total BOP Mechanical 2.4 BOP Electrical Switch Yard 2.4.1 Package Transformers 2.4.2 Package Switch gear 2.4.3 Package Cables, Cable facilities & 2.4.4 grounding 2.4.5 Lighting Emergency D.G. 2.4.6 set Total BOP Electrical Control & Instrumentation Total Plant & Equipment excluding taxes Duties 2.6 Taxes & Duties 106 DELHI GAZETTE : EXTRAORDINARY [PART III] As per Original Actual Capital Estimated Sl. Estimates as per Expenditure as on Liabilities/ Variation Specific Reasons Capital No. Break Down expenditure upto Provisions for Variation Cut-off date Actual Amount 3 Initial Spares 4 Civil Works Main 4.1 Building 4.2 CW system Cooling Towers DM water Plant Clarification plant Chlorination 4.6 plant Fuel handling Storage system Coal Handling 4.8 Plant MGR 4.9 Yard Ash Handling 4.10 System Ash disposal area 4.11 development Fire fighting 4.12 System Township & 4.13 Colony 4.14 Temp. [PART III] DELHI GAZETTE : EXTRAORDINARY 107 As per Original Actual Capital Estimated Sl. Estimates as per Expenditure as on Liabilities/ Variation Specific Reasons Capital No. Break Down (2) Investment COD/anticipated COD expenditure upto Provisions for Variation Cut-off date Actual Amount construction & enabling works Road & Drainage Total Civil works Construction Pre- Commissioning Expenses Erection Testing and 5.1 commissioning Site supervision Operator's 5.3 Training Construction 5.4 Insurance 5.5 Tools & Plant 5.6 Start up fuel Total Construction & Pre- Commissioning Expenses 6 Overheads 6.1 Establishment Design & 6.2 Engineering 108 DELHI GAZETTE : EXTRAORDINARY [PART III] As per Original Actual Capital Estimated Sl. Estimates as per Expenditure as on Liabilities/ Variation Specific Reasons Capital No. Break Down expenditure upto Provisions for Variation Cut-off date Actual Amount Audit & Accounts 6.4 Contingency Total Overheads Total Capital cost excluding 7 IDC & FC Cost Interest During Construction 8.1 (IDC) Financing 8.2 Charges (FC) Foreign Exchange Rate Variation 8.3 (FERV) 8.4 Hedging Coat Total of IDC, Hedging Cost Capital cost including IDC, FC, FERV & 9 Hedging Cost *Provide details of Freehold land and Lease hold land separately Note: [PART III] DELHI GAZETTE : EXTRAORDINARY 109 1. In case of cost variation, a detailed note giving reasons of such variation should be submitted clearly indicating whether such cost over-run was beyond the control of the generating company. 2. In case of both time & cost overrun, a detailed note giving reasons of such time and cost over-run should be submitted clearly bringing out the agency responsible and whether such time and cost overrun was beyond the control of the generating company. 3. The implication on cost due to time over run, if any shall be submitted separately giving details of increase in prices in different packages from scheduled COD to Actual COD/anticipated COD, increase in IEDC from scheduled COD to actual COD/anticipated COD and increase of IDC from scheduled COD to actual anticipated COD. 4. Impact on account of each reason for Time over run on Cost of project should be quantified and substantiated with necessary documents and supporting workings. 5. A list of balance work assets/work wise including initial spare on original scope of works along with estimate shall be furnished positively. (Petitioner) 110 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM- 5C Break-up of Capital Cost for Gas/Liquid fuel based projects Name of the Petitioner Name of the Generating Station (Amoun Lakh) As per Actual/Estimated Original Actual Specific Capital Estimates Liabilities/ Expenditure upto Sl. Capital Variation Reasons for No. Break Down (2) as per Expenditure Provisions (3-4-5) (6) Variation* Cut-off date (8) Investment Approval Cost of Land & Site Development Rehabilitation & Resettlement (R&R) Preliminary Investigation & Site Development Total Land & Site Development 2 Plant & Equipment Steam Generator Island Turbine Generator Island 2.3 WHRB Island 2.4 BOP Mechanical Fuel Handling & Storage system External water 2.4.3 CW system 2.4.4 Cooling Towers 2.4.6 Clarification plant [PART III] DELHI GAZETTE : EXTRAORDINARY 111 As per Actual/Estimated Original Actual Specific Capital Estimates Liabilities/ Expenditure upto Sl. Capital Variation Reasons for No. Break Down (2) as per Expenditure Provisions (3-4-5) (6) Variation* Cut-off date (8) Investment Approval 2.4.7 Chlorination Plant 2.4.8 Air Condition & Ventilation System 2.4.9 Fire fighting System 2.4.10 HP/LP Piping Total BOP Mechanical 2.5 BOP Electrical 2.5.1 Switch Yard Package 2.5.2 Transformers Package 2.5.3 Switch gear Package 2.5.4 Cables, Cable facilities & grounding 2.5.5 Lighting Total BOP Electrical Control & Instrumentation (C & I) 2.6 Package Total Plant & Equipment excluding taxes & Duties 2.7 Taxes & Duties 3 Initial Spares 4 Civil Works 112 DELHI GAZETTE : EXTRAORDINARY [PART III] As per Actual/Estimated Original Actual Specific Capital Estimates Liabilities/ Expenditure upto Sl. Capital Variation Reasons for No. Break Down (2) as per Expenditure Provisions (3-4-5) (6) Variation* Cut-off date (8) Investment Approval 4.2 External Water Supply System 4.3 CW system 4.4 Cooling Towers 4.6 Clarification plant 4.7 Fuel handling & Storage system 4.8 Township & Colony Temp. construction & enabling 4.9 works 4.10 Road & Drainage 4.11 Fire fighting System Total Civil works 5 Construction & Pre- Commissioning Expenses 5.1 Erection Testing and commissioning 5.2 Site supervision 5.3 Operator's Training 5.4 Construction Insurance 5.5 Tools & Plant 5.6 Start up fuel Total Construction & Pre- Commissioning Expenses 6 Overheads [PART III] DELHI GAZETTE : EXTRAORDINARY 113 As per Actual/Estimated Original Actual Specific Capital Estimates Liabilities/ Expenditure upto Reasons for No. Break Down (2) as per Expenditure Provisions Investment Approval 6.1 Establishment 6.2 Design & Engineering 6.3 Audit & Accounts 6.4 Contingency Total Overheads 7 Capital cost excluding IDC & FC 8.1 Interest During Construction (IDC) Foreign Exchange Rate Variation 8.3 (FERV) 8.4 Hedging Coat Total of IDC, FC,FERV & Hedging Cost Capital cost including IDC, FC, 9 FERV & Hedging Cost *Provide details of Freehold land and Lease hold land separately Note: 1. In case of cost variation , a detailed note giving reasons of such variation should be submitted clearly indicating whether such cost over-run was beyond the control of the generating company. 2. In case of time & cost overrun, a detailed note giving reasons of such time and cost over-run should be submitted clearly bringing out the agency responsible and whether such time and cost overrun was beyond the control of the generating company. 3. The implication on cost due to time over run, if any shall be submitted separately giving details of increase in prices in different packages from scheduled COD to Actual COD/anticipated COD, increase in IEDC from scheduled COD to actual COD/anticipated COD and increase of IDC from scheduled COD to actual anticipated COD. 4. Impact on account of each reason for Time over run on Cost of project should be quantified and substantiated with necessary documents and supporting workings. A list of balance work assets/work wise including initial spare on original scope of works along with estimate shall be furnished positively. 114 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM- 5D Break-up of Construction/Supply/Service packages Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ 1 Name/No. of Construction / Supply / Service Package Package A Package B Package C … Total Cost of all packages Scope of works (in line with head of cost break-ups as applicable) 3 Whether awarded through ICB/DCB/ Departmentally/ Deposit Work 4 No. of bids received 5 Date of Award 6 Date of Start of work Date of Completion of Work/Expected date of completion of work Value of Award in (Rs. Lakh) Firm or With Escalation in prices 10 Actual capital expenditure till the completion or up to COD whichever is earlier(Rs.Lakh) 11 Taxes & Duties and IEDC (Rs. Lakh) Lakh) Note: 1. The scope of work in any package should be indicated in conformity of Capital cost break-up for the coal/lignite based plants in the FORM-5B to the extent possible. In case of Gas/Liquid fuel based projects, break down in the similar manner in the relevant heads as per FORM-5C. 2. If there is any package, which need to be shown in Indian Rupee and foreign currency(ies), the same should be shown separately along with the currency, the exchange rate and the date. (Petitioner) [PART III] DELHI GAZETTE : EXTRAORDINARY 115 FORM- 5E Details of variables, parameters, optional package etc. for New Project Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Unit Size Number of Units S. No. Variables (Design Operating Range) Values 1 Coal Quality – Calorific Value 2 Ash Content 3 Moisture Content 4 Boiler Efficiency 5 Suspended Particulate Matter 6 Ash Utilization 7 Boiler Configuration 8 Turbine Heat Rate 9 CW Temperature 10 Water Source 11 Distance of Water Source 12 Clarifier 13 Mode of Unloading Oil 14 Coal Unholding Mechanism 15 Type of Fly Ash Disposal and Distance 16 Type of Bottom Ash Disposal and Distance 17 Type of Soil 18 Foundation Type (Chimney) 19 Water Table 20 Seismic and Wind Zone 21 Condensate Cooling Method 22 Desalination/RO Plant 23 Evacuation Voltage Level 24 Type of Coal (Domestic/Imported) Parameter/Variables Values Completion Schedule Terms of Payment Performance Guarantee Liability Basis of Price (Firm/Escalation-Linked) Equipment Supplier (Country of Origin) Optional Packages Yes/No MGR Railway Siding Unloading Equipment at Jetty Rolling Stock/Locomotive FGD Plant Length of Transmission Line till Tie Point (in km) (Petitioner) 116 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM- 5Ei In case there is cost over run Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Sl. No. Break Down Original Cost (Rs.Lakh) as approved by the Board of Members mated Cost as be Lakh) Difference Reasons for Variation(Please submit supporting computations and documents wherever applicable) Increase in soft cost due to increase in hard cost Total Cost Total Cost Total Cost Cost of Land & Site 1 Development Rehabilitation & Resettlement 1.2 (R&R) Preliminary Investigation & Site 1.3 Development Plant & 2 Equipment Steam Generator 2.1 Island Turbine 2.2 Generator Island 2.3 BOP Mechanical Fuel Handling & Storage 2.3.1 system 2.3.2 External water [PART III] DELHI GAZETTE : EXTRAORDINARY 117 Sl. Break Down Original Cost Actual/Estimat Difference Reasons for Increase in soft cost due to No. (Rs.Lakh) as ed Cost as Variation(Please submit increase in hard cost approved by the incurred/to be supporting computations Board of incurred(Rs. and documents wherever Members Lakh) applicable) Total Cost Total Cost Total Cost DM water 2.3.3 Plant Clarification 2.3.4 plant Chlorination 2.3.5 Plant Fuel Handling & Storage 2.3.6 system Ash Handling 2.3.7 System Coal Handling 2.3.8 Plant Rolling Stock and 2.3.9 Locomotives 2.3.10 MGR Air Compressor 2.3.11 System Air Condition & Ventilation 2.3.12 System Fire fighting 2.3.13 System 2.3.14 HP/LP Piping Total BOP Mechanical 118 DELHI GAZETTE : EXTRAORDINARY [PART III] Original Cost Actual/Estimat Difference Reasons for Increase in soft cost due to (Rs.Lakh) as ed Cost as Variation(Please submit increase in hard cost approved by the incurred/to be supporting computations Board of incurred(Rs. and documents wherever Members Lakh) applicable) Sl. Total Cost Total Cost Total Cost No. Break Down 2.4 BOP Electrical Switch Yard 2.4.1 Package Transformers 2.4.2 Package Switch gear 2.4.3 Package Cables, Cable facilities & 2.4.4 grounding 2.4.5 Lighting Emergency 2.4.6 D.G. set Total BOP Electrical Control & Instrumentation (C & I) 2.5 Package Total Plant & Equipment excluding taxes & Duties 3 Initial Spares 4 Civil Works Main 4.1 Building [PART III] DELHI GAZETTE : EXTRAORDINARY 119 Original Cost Actual/Estimat Difference Reasons for Increase in soft cost due to (Rs.Lakh) as ed Cost as Variation(Please submit increase in hard cost approved by the incurred/to be supporting computations Board of incurred(Rs. and documents wherever Members Lakh) applicable) Sl. Total Cost Total Cost Total Cost No. Break Down 4.2 CW system Cooling 4.3 Towers DM water 4.4 Plant Clarification 4.5 plant Chlorination 4.6 plant Fuel handling & Storage 4.7 system Coal Handling 4.8 Plant MGR 4.9 Yard Ash Handling 4.10 System Ash disposal area 4.11 development Fire fighting 4.12 System Township & 4.13 Colony Temp. construction & enabling 4.14 works 120 DELHI GAZETTE : EXTRAORDINARY [PART III] Original Cost Actual/Estimat Difference Reasons for Increase in soft cost due to Sl. No. Break Down (Rs.Lakh) as ed Cost as Variation(Please submit increase in hard cost approved by the incurred/to be supporting computations Board of incurred(Rs. and documents wherever Members Lakh) applicable) Total Cost Total Cost Total Cost Road & 4.15 Drainage Total Civil works Construction Pre- Commissioning Expenses Erection Testing and 5.1 commissioning Site 5.2 supervision Operator's 5.3 Training Construction 5.4 Insurance 5.5 Tools & Plant 5.6 Start up fuel Total Construction & Pre- Commissioning Expenses 6 Overheads 6.1 Establishment Design & 6.2 Engineering Audit & Account [PART III] DELHI GAZETTE : EXTRAORDINARY 121 Original Cost Actual/Estimat Difference Reasons for Increase in soft cost due to (Rs.Lakh) as ed Cost as Variation(Please submit increase in hard cost approved by the incurred/to be supporting computations Board of incurred(Rs. and documents wherever Members Lakh) applicable) Sl. Total Cost Total Cost Total Cost No. Break Down 6.4 Contingency Total Overheads Capital cost excluding IDC 7 & FC 8 &Hedging Cost Interest During Construction 8.1 (IDC) Financing 8.2 Charges (FC) Foreign Exchange Rate Variation 8.3 (FERV) 8.4 Hedging Coat Total of IDC, Hedging Cost Capital cost including IDC, FC, FERV & 9 Hedging Cost *Submit details of Freehold and Lease hold land Note: Impact on account of each reason for Cost overrun should be quantified and substantiated with necessary documents and supporting workings. 122 DELHI GAZETTE : EXTRAORDINARY [PART III] In case there is time over run Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Sr. Description Original Schedule Actual Schedule Time Reasons for No of Activity (As per Planning) (As per Actual) Over-Run delay /Works Start Completion Actual Actual Days /Service Date Date Start Date Completion Date 1. Delay on account of each reason in case of time overrun should be quantified and substantiated with necessary documents and supporting workings. 2. Indicate the activities on critical path (Petitioner) [PART III] DELHI GAZETTE : EXTRAORDINARY 123 FORM- 6 Financial Package upto COD Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Project Cost as on COD ______________________________________ Date of Commercial Operation of the Station /Unit Financial Package as Approved Financial Package as on COD As Admitted on COD Currency and Amount Currency and Amount Currency and Amount and so on Equity- Foreign Domestic Total Equity Debt : Equity Ratio Note: 124 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM- 7 Details of project specific loans Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Source of Loan Currency Amount of Loan sanctioned Amount of Gross Loan drawn Interest Type Fixed Interest Rate, if applicable Base Rate, if Floating Interest Margin, if Floating Interest Are there any Caps/Floor If above is yes, specify Moratorium Period Moratorium effective from Repayment Period Repayment effective from Repayment Frequency Repayment Instalment Base Exchange Rate Are foreign currency loan hedged? If above is yes, specify details Note: [PART III] DELHI GAZETTE : EXTRAORDINARY 125 1. Source of loan means the agency from whom the loan has been taken such as WB, ADB, WMB, PNB, SBI, ICICI, IFC, PFC etc. 2. Currency refers to currency of loan. 3. Details are to be submitted as on 31 st . March of the previous Control Period for existing assets and as on COD for the remaining assets. 4. Where the loan has been refinanced, details in the Form is to be given for the loan refinanced. However, the details of the original loan is to be given separately in the same form. 5. If the Tariff in the petition is claimed separately for various units, details in the Form is to be given separately for all the units in the same form. 6. Interest type means whether the interest is fixed or floating. 7. Base rate means the base as PLR, LIBOR etc. over which the margin is to be added. Applicable base rate on different dates from the date of drawl may also be enclosed. 8. Margin means the points over and above the floating rate. 9. At times caps/floor are put at which the floating rates are frozen. If such a condition exists, specify the limits. 10. Moratorium period refers to the period during which loan servicing liability is not required. 11. Repayment period means the repayment of loan such as 7 years, 10 years, 25 years etc. 12. Repayment frequency means the interval at which the debt servicing is to be done such as monthly, quarterly, half yearly, annual, etc. 13. Where there is more than one drawal/repayment for a loan, the date & amount of each drawal/repayment may also be given separately 14. If the repayment installment amount and repayment date cannot be worked out from the data furnished above, the repayment schedule to be furnished separately. 15. In case of Foreign loan, date of each drawal & repayment along with exchange rate at that date may be given. 16. Base exchange rate means the exchange rate prevailing as on 31 st . March of the previous Control Period or COD, whichever is later 17. In case of hedging, specify details like type of hedging, period of hedging, cost of hedging, etc. 18. In case of foreign loans, provide details of exchange rate considered on date of each repayment of principal and date of interest payment. 19. At the time of truing up rate of interest with relevant reset date (if any) to be furnished separately 20. At the time of truing up provide details of refinancing of loans considered earlier. Details such as date on which refinancing done, amount of refinanced loan, terms and conditions of refinanced loan, financing and other charges incurred for refinancing, etc. 126 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM- 8 Details of Allocation of corporate loans to various projects Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Source of Loan Currency Amount of Loan sanctioned Amount of Gross Loan drawn Upto 31 st . March of the previous Control Period /COD Interest Type Fixed Interest Rate, if applicable Base Rate, if Floating Interest Margin, if Floating Interest Are there any Caps/Floor If above is yes, specify Moratorium Period Moratorium effective from Repayment Period Repayment effective from Repayment Frequency Repayment Instalment Base Exchange Rate Are foreign currency loan hedged? If above is yes, specify details Distribution of loan packages to various projects Name of the Projects Total [PART III] DELHI GAZETTE : EXTRAORDINARY 127 Project 1 Project 2 Project 3 and so on Note: 1. Source of loan means the agency from whom the loan has been taken such as WB, ADB, WMB, PNB, SBI, ICICI, IFC, PFC etc. 2. Currency refers to currency of loan such as US$, DM, Yen, Indian Rupee etc. 3. Details are to be submitted as on 31 st . March of the previous Control Period for existing assets and as on COD for the remaining assets. 4. Where the loan has been refinanced, details in the Form is to be given for the loan refinanced. However, the details of the original loan is to be given separately in the same form. 5. If the Tariff in the petition is claimed separately for various units, details in the Form is to be given separately for all the units in the same form. 6. Interest type means whether the interest is fixed or floating. 7. Base rate means the base as PLR, LIBOR etc. over which the margin is to be added. Applicable base rate on different dates from the date of drawl may also be enclosed. 8. Margin means the points over and above the floating rate. 9. At times caps/floor are put at which the floating rates are frozen. If such a condition exists, specify the limits. 10. Moratorium period refers to the period during which loan servicing liability is not required. 11. Repayment period means the repayment of loan such as 7 years, 10 years, 25 years etc. 12. Repayment frequency means the interval at which the debt servicing is to be done such as monthly, quarterly, half yearly, annual, etc. 13. Where there is more than one drawal/repayment for a loan, the date & amount of each drawal/repayment may also be given separately 14. If the repayment installment amount and repayment date cannot be worked out from the data furnished above, the repayment schedule to be furnished separately. 15. In case of Foreign loan, date of each drawal& repayment along with exchange rate at that date may be given. 16. Base exchange rate means the exchange rate prevailing as on 31 st . March of the previous Control Period or COD, whichever is later 17. In case of hedging, specify details like type of hedging, period of hedging, cost of hedging, etc. 18. In case of foreign loans, provide details of exchange rate considered on date of each repayment of principal and date of interest payment. 19. At the time of truing up rate of interest with relevant reset date (if any) to be furnished separately 20. At the time of truing up provide details of refinancing of loans considered earlier. Details such as date on which refinancing done, amount of refinanced loan, terms and conditions of refinanced loan, financing and other charges incurred for refinancing etc. Petitioner 128 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM- 9A Year wise Statement of Additional Capitalisation after COD Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ COD ______________________________________ For Financial Year ______________________________________ Sl. No. Head of ACE Claimed (Actual / Projected) Regulations Justification Admitted Work / Accrual Un-discharged Liability Cash IDC included under which Cost by the Equipmentbasis included in col. 3 basis in col. 3 claimed Commission, if any 1. In case the project has been completed and cost has already been admitted under any tariff notification(s) in the past, fill column 10 giving the cost as admitted for the purpose of tariff notification already issued by (Name of the authority) (Enclose copy of the tariff Order) 2. The above information needs to be furnished separately for each year / period of tariff period. 3. In case of de-capitalisation of assets separate details to be furnished at column 1, 2, 3 and 4. Further, the original book value and year of capitalisation of such asset to be furnished at column 8. Where de-caps are on estimated basis the same to be shown separately. 4. Where any asset is rendered unserviceable the same shall be treated as de-capitalised during that year and original value of such asset to be shown at col. 3. And impaired value if any, year of its capitalisation to be mentioned at column 8. 5. Justification against each asset of capitalization should be specific to regulations under which claim has been made and the necessity of capitalization of that particular asset. [PART III] DELHI GAZETTE : EXTRAORDINARY 129 FORM- 9B Statement of Additional Capitalisation during useful life of the Project Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ COD ______________________________________ Sl. No. Year Work / Expenditure Claimed (Actual / Projected) Regulations Justification Impact on life Equipment under Extension / Efficiency improvement added which Accrual Un- Cash IDC during last basis discharged basis included claimed five years of Liability in col. 4 useful life included in of each col. 4 Note: 1. Cost Benefit analysis for capital additions done should be submitted along with petition for approval of such schemes 2. Justification for additional capital expenditure claim for each asset should be relevant to regulations under which claim has been made and the necessity of capitalization of the asset. 130 DELHI GAZETTE : EXTRAORDINARY [PART III] Form -9Bi Details of Assets De-capitalized during the period Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Nature of de-capitlization Original Value Year Put to use Depreciation (whether claimed under recovered till Sr. No. Name of the Asset of the Asset exclusion or as additional date of de- capital expenditure) capitalization Note: Year wise detail need to be submitted. [PART III] DELHI GAZETTE : EXTRAORDINARY 131 FORM- 9C Statement showing reconciliation of Expenditure claimed with the capital additions as per books Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ COD ______________________________________ Sl. Particulars Ensuing Years No. Closing Gross Block Less: Opening Gross Block Total Additions as per books Less: Additions pertaining to other Stages (give Stage wise breakup) Net Additions pertaining to instant Less: Exclusions (items not allowable / not claimed) Net Additional Capital Expenditure Claimed Note: Reason for exclusion of any expenditure shall be given in Clear terms (Petitioner) 132 DELHI GAZETTE : EXTRAORDINARY [PART III] Form -9D Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Statement of Capital cost (To be given for relevant dates and year wise) (Amount in Rs. Lakh) Sl. No. Particulars As on relevant date. A a) Opening Gross Block Amount as per books b) Amount of capital liabilities in A(a) above c) Amount of IDC in A(a) above d) Amount of FC in A(a) above e) Amount of FERV in A(a) above f) Amount of Hedging Cost in A(a) above g) Amount of IEDC in A(a) above a) Addition in Gross Block Amount during the period b) Amount of capital liabilities in B(a) above c) Amount of IDC in B(a) above d) Amount of FC in B(a) above e) Amount of FERV in B(a) above f) Amount of Hedging Cost in B(a) above g) Amount of IEDC in B(a) above a) Addition in Gross Block Amount during the period C (Transferred from CWIP) b) Amount of capital liabilities in C(a) above c) Amount of IDC in C(a) above [PART III] DELHI GAZETTE : EXTRAORDINARY 133 Sl. No. Particulars As on relevant date. d) Amount of FC in C(a) above e) Amount of FERV in C(a) above f) Amount of Hedging Cost in C(a) above g) Amount of IEDC in C(a) above D a) Deletion in Gross Block Amount during the period b) Amount of capital liabilities in D(a) above c) Amount of IDC in D(a) above d) Amount of FC in D(a) above e) Amount of FERV in D(a) above f) Amount of Hedging Cost in D(a) above g) Amount of IEDC in D(a) above E a) Closing Gross Block Amount as per books b) Amount of capital liabilities in E(a) above c) Amount of IDC in E(a) above d) Amount of FC in E(a) above e) Amount of FERV in E(a) above f) Amount of Hedging Cost in E(a) above g) Amount of IEDC in E(a) above Note: 1.Relevant date/s means date of COD of unit/s/station and financial year start date and end date 134 DELHI GAZETTE : EXTRAORDINARY [PART III] Form -9E Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Statement of Capital Woks in Progress (To be given for relevant dates and year wise) (Amount in Rs. Lakh) Sl. No. Particulars As on relevant date. A a) Opening CWIP as per books b) Amount of capital liabilities in A(a) above c) Amount of IDC in A(a) above d) Amount of FC in A(a) above e) Amount of FERV in A(a) above f) Amount of Hedging Cost in A(a) above g) Amount of IEDC in A(a) above B a) Addition in CWIP during the period b) Amount of capital liabilities in B(a) above c) Amount of IDC in B(a) above d) Amount of FC in B(a) above e) Amount of FERV in B(a) above f) Amount of Hedging Cost in B(a) above g) Amount of IEDC in B(a) above C a) Transferred to Gross Block Amount during the period b) Amount of capital liabilities in C(a) above c) Amount of IDC in C(a) above d) Amount of FC in C(a) above e) Amount of FERV in C(a) above f) Amount of Hedging Cost in C(a) above g) Amount of IEDC in C(a) above [PART III] DELHI GAZETTE : EXTRAORDINARY 135 Sl. No. Particulars As on relevant date. D a) Deletion in CWIP during the period b) Amount of capital liabilities in D(a) above c) Amount of IDC in D(a) above d) Amount of FC in D(a) above e) Amount of FERV in D(a) above f) Amount of Hedging Cost in D(a) above g) Amount of IEDC in D(a) above E a) Closing CWIP as per books b) Amount of capital liabilities in E(a) above c) Amount of IDC in E(a) above d) Amount of FC in E(a) above e) Amount of FERV in E(a) above f) Amount of Hedging Cost in E(a) above g) Amount of IEDC in E(a) above Note: 1.Relevant date/s means date of COD of unit/s/station and financial year start date and end date 136 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM- 10 Financing of Additional Capitalisation Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ Date of Commercial Operation ______________________________________ (Amount in Rs Lakh) Actual Admitted Financial Year (Starting from COD) 1 2 So on 2 So on Amount capitalised in Work/Equipment Financing Details Loan-3 and so on Total Loan Equity Internal Resources Total Note: 1 Year 1 refers to Financial Year of COD and Year 2, Year 3 etc. are the subsequent financial years respectively. 2 Loan details for meeting the additional capitalisation requirement should be given as per FORM-7 or 8 whichever is relevant. [PART III] DELHI GAZETTE : EXTRAORDINARY 137 FORM- 11 Calculation of Depreciation Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________ (Amount in Rs Lakh) Gross Block as on Depreciation Depreciation st . March of the previous Control Period or as on COD, Rates as per Sl. Amount for Name of the Assets whichever is later and DERC's no. each year subsequently for each year Depreciation thereafter Rate Schedule 2 Building 3 and so on TOTAL Weighted Average Rate of Depreciation (%) *Provide details of Freehold land and Lease hold land separately Note: 1.Name of the Assets should conform to the description of the assets mentioned in Depreciation Schedule appended to the Notification. (Petitioner) 138 DELHI GAZETTE : EXTRAORDINARY [PART III] FORM- 12 Statement of Depreciation Name of the Petitioner ______________________________________ Name of the Generating Station ______________________________________