The Power System Operation Company operating the State Load Despatch Centre shall not engage in the business of trading in electricity.
1 [8. Preparation of Accounting Manual and Regulatory Accounts.—(1) The Power System Operation Company/State Load Despatch Centre shall prepare Accounting Manual and Regulatory Accounts as per the Himachal Pradesh Electricity Regulatory Commission (Reporting System on Power Regulatory Accounting) Regulations, 2014. The State Load 1 Sub. vide Not No. HPERC-F(1)-3/2018 dated 22 nd November, 2018 published in the R H.P. dated 27 th November, 2018 at p. 6277-6283 and before its substitution read as under:
“(8) Accounts of State Load Despatch Centre .- The State Load Despatch Centre shall account all its expenses incurred separately and maintain its financial accounts separately. In case Power System Operation Company is operating the State Load Despatch Centre, the financial account related to the State Load Despatch Centre, shall be maintained separately by the Power System Operation Company.” Compendium of HPERC Regulations, March 2021 7 Despatch Centre shall submit the Regulatory Audited Accounts every year within seven months of the end of the Financial Accounting Year to the Commission.
(2) The Power System Operation Company shall maintain separate accounts and sub balance sheets for each of the businesses:
Provided that the Power System Operation Company shall follow a reasonable basis for allocation of all joint and common costs between the SLDC business and the other business and shall submit the Accounting Statements, as approved by its board of directors, to the Commission alongwith his application for determination of tariff:
Provided further that where the sum total of the direct and indirect costs of such other business exceeds the revenues from such other business or for any other reason, no amount shall be allowed to be added to the aggregate revenue requirement on account of such other business.]
PART-III GUIDING PRINCIPLES