HERC Order on ARR & Tariff of UHBVNL & DHBVNL for D&RS business under MYT framework for the control period FY2014- 15- FY 2016-17

91

Table 3.17: - Approved Expenditure for UHBVNL for the control period FY 2014-15 to FY 2016-17 (Rs. Crores )

Particulars

FY 2014-15

FY 2015-16 FY 2016-17 FY 2014-15 FY 2015-16 FY 2016-17

UHBVNL Projections HERC Order

A Total Power purchase cost

10,737.88 11,030.17 12,784.16 8688.22 9265.63 10127.93

A1 Power Purchase Expenses 10207.16 10683.52 12420.78 8197.10 8738.16 9549.62

A2 Intrastate transmission charges

509.96 325.46 341.73 487.91 522.80 573.44

A3 SLDC charges 20.76 21.19 21.65 3.21 4.68 4.88

B Operations and Maintenance Expenses

1,045.00 1,136.74 1,238.38 1,013.43 1,077.97 1,144.30

B1 Employee Expense 536.62 586.03 639.98 511.03 558.06 609.43

B2 A&G Expense 77.13 84.05 91.61 72.70 79.39 86.70

B3 R&M Expense 117.07 152.49 192.62 115.53 126.34 134.00

B4 Terminal Liability 314.17 314.17 314.17 314.17 314.17 314.17

C Depreciation 303.08 357.00 427.88 280.53 308.35 340.12

D Total Interest and Finance Charges ( net of capitalization)

2054.07 2256.60 2189.06 932.70 965.40 1018.55

E Provisions for Bad Debts 0.00 0.00 0.00 0.00 0.00 0.00

F Other Debits 2.75 3.01 3.32

G Prior period dibits/ credits 191.95 0.00 0.00

H Return on Equity Capital 262.86 303.70 356.62 0 0 0

I Total Expenditure 14,405.64 15,087.22 16,999.41 11106.84 11617.36 12630.90

J Non Tariff Income 150.91 161.45 174.43 150.91 161.45 174.43

K Annual revenue requirement

14274.73 14925.77 16824.98 10955.94 11455.90 12456.47

Table 3.18: - Approved Expenditure for DHBVNL for the control period FY 2014-15 to FY 2016-17 (Rs. Crores )

Particulars FY 2014-15 FY 2015-16 FY 2016-17 FY 2014-15 FY 2015-16 FY 2016-17

DHBVNL Projections HERC Approval

A Total Power purchase cost 11827.01 11800.10 13641.08 9593.67 10159.79 10703.68

A1 Power Purchase Expenses 11,428.01 11,381.10 13,154.08 9075.34 9603.08 10093.31

A2 Intrastate transmission charges

399.00

419.00

487.00

514.92 551.73 605.18

HERC Order on ARR & Tariff of UHBVNL & DHBVNL for D&RS business under MYT framework for the control period FY2014- 15- FY 2016-17

92

A3 SLDC charges - - - 3.41 4.98 5.19

B Operations and Maintenance Expenses 855.37 946.85 1,044.81 811.87 888.09 965.03

B1 Employee Expense 542.27 592.32 646.98

495.39

540.99

590.78

B2 A&G Expense 62.75 68.52

74.83

59.75

65.25

71.26

B3 R&M Expense 100.35 136.01

173.01

106.73

131.85

152.99

B4 Terminal Liability 150.00

150.00

150.00

150.00 150.00 150.00

C Depreciation 279.76

359.69

433.14

241.90 320.29

392.25

D Total Interest and Finance Charges ( net of capitalization)

1162.13 1228.88

1163.76

630.74

711.44

787.46

E True up for FY 2012-13 -

-

-

(66.41) - -

F Other Debits 10.55

10.74

10.94 - - -

G Other (Misc) - Net prior period expenses

(22.21)

-

- - - -

H Total Expenditure (A) 14,112.60 14,346.26 16,293.74 11211.77 12631.34 13453.59

I Return on Equity Capital 246.21 274.29 295.60 - - - Income/Receipts (B) J Non Tariff Income 133.93 149.83 170.01 133.93 149.83 170.01

K Aggregate Revenue Requirement = (A - B) 14224.88 14470.72 16419.33 11077.84 12481.51 13283.58

Capital Expenditure

Regulation 9.1 of the Haryana Electricity Regulatory Commission (Terms and Conditions for

Determination of Tariff for Generation, Transmission, Wheeling and Distribution & Retail

Supply under Multi Year Tariff Framework) Regulations 2012, specifies that the generating

company and the licensees, in respect of their respective businesses, shall file for approval of

the Commission a capital investment plan for a period covering at least the entire control

period. The capital investment plan shall be filed by 1st June of the year preceding the first

year of the control period by the distribution licensee. This means that both the distribution

licensees i.e UHBVNL and DHBVNL should have submitted their capital investment plans by