2 [(1) The applicant shall file for the Commission’s approval, during the year preceding the first year of the control period or by any other date as may be directed by the Commission, a business plan and CAPEX plan approved by its Management in accordance with these regulations.]
(2) The applicant shall file the application for approval of fees and charges for each year of the control period consistent with the CAPEX Plan, not less than 120 days before the commencement of the first year of the control period or such other date as may be directed by the Commission.
(3) The filings for the State Load Despatch Centre fees and charges shall contain the following:-
(a) the network usage forecast for each year of the control period, consistent with the Business Plan;
(b) estimated budget for the control period;
(c) proposals for fees and charges for each year of the control period, and the procedure thereof;
(d) proposal for allocation of fees and charges applicable to each of the beneficiaries for the control period; and
(e) expected revenue from the fees and charges.
3 [31-A. Mid-term performance review and True up at the End of Control Period.- A. Mid-term performance review To ensure smooth implementation of the multiyear tariff (MYT) framework and to address any mid-term changes on account of unexpected outcomes, the 1 For orders and formats see R.H.P. dated 2 nd June, 2011 at p. 966-968 and R.H.P. dated 5 th Nov., 2013 at p. 4626-4628.
2 Subs. vide Not. no. HPERC/F(5)(3)(1)(SLDC) dated 1 st November,2013 (First Amendment)Reg.2013 published in the R H.P. dated 5 h November, 2013 at p .o 4619 – 4626. Before its substitution sub- regulations
(1) read as under:
“(1) The applicant shall file for the Commission’s approval, on 1st April of the year preceding the first year of the control period or any other date as may be directed by the Commission, a business plan and CAPEX plan approved by its Management in accordance with regulations 12 and 13.” 3 Subs. vide Not. No. HPERC/F(5)(3)(1)(SLDC) dated 1 st November,2013(First Amendment) Reg.
2013 published in the R H.P. dated 4 th November, 2013 at p. no 4620-4626.
Compendium of HPERC Regulations, March 2021 23 Commission shall undertake mid-term review of power system operation company’s performance during the control period;
(a) The power system operation company shall make an application for mid-term performance review in accordance with the timelines specified in Appendix-I. The scope of the mid-term performance review shall be a comparison of the actual performance with the approved forecast of Aggregate Revenue Requirement and expected revenue from tariff and charges. The power system operation company shall submit to the Commission all information together with audited account statements, extracts of books of account and such other details as the Commission may require to assess the reasons for and extent of any variation in performance from the approved forecast. The mid-term review shall comprise of the following:
(i) A comparison of the audited performance with the approved forecast for first two financial years of the Control Period, subject to the prudence check including mid-term correction due to any unforeseen circumstances;
(ii) Determination of gains or losses for the first two years of the control period;
(iii) Review of ARR for the balance years of the control period in case of any major change in the parameters;
(iv) Review of SLDC tariff on account of modification in ARR for the balance years of the control period.
B. True-up at the end of Control Period The power system operation company shall file an application for true-up at the end of the third Control Period on availability of audited accounts for each year of the control period in accordance with the timelines specified in Appendix-I.
The true-up shall be based on the principles laid down under these Regulations for various parameters of ARR:
Provided that the power system operation company shall submit to the Commission information in such format as may be stipulated by the Commission, together with the audited account statements, extracts of books of account and such other details as the Commission may require to assess the reasons for and extent of any variation in financial performance from the approved forecast of Aggregate Revenue Requirement and expected revenue from tariff and charges.]
16. Periodic Returns during the Control Period.- (1) The Power system Operation Company shall submit periodic returns, as may be specified, containing operational and cost data to enable the Commission to monitor the implementation of its MYT order.
(2) The Power system Operation Company shall submit to the Commission annual statements of its performance and accounts including the latest report of audited accounts.
24 Compendium of HPERC Regulations, March 2021
PART-VIII MISCELLANEOUS