Return on equity shall be computed on the paid up equity capital determined 3 [in accordance with these regulations] and shall be 16% per annum (post tax):
Provided that return on equity, invested in work in progress shall be allowed from the date of commercial operation.
4 [30. Working Capital for Wheeling Business.—The Commission shall calculate the working capital requirement for the wheeling business containing the following components:
1 Provision added vide Not. No. HPERC/F(5)(3)(1)(Retail) dated 1 st November, 2013 published in the R H.P. dated 4 th November, 2013 at p. 4579- 4596.
2 Subs. vide Not. No. HPERC/F(5)(3)(1)(Retail) dated 1 st November, 2013 published in the R H.P.
dated 4 th November, 2013 at p. 4579- 4596 and before its substitution sub-regulation (2) read as under:
“(2) For determination of wheeling charges for open access customers, the ARR for the distribution licensee shall be segregated into ARR for wheeling business and ARR for retail supply business.” 3 Subs. for the words and figure “in accordance with regulation 19”, vide notification No.
HPERC/F(5)(3)(1)(Retail) dated 1st November, 2013 published in the R H.P. dated 4th November, 2013 at p. 4579- 4596.
4 Subs. vide Not. HPERC-F(1)-1/2018 dated 22nd November, 2018 published in R.H.P. dated 27th November, 2018 at p. 6265-6277. Before its substitution read as under:
“Working Capital for Wheeling Business.- The Commission shall calculate the working capital requirement for the wheeling business containing the following components: -
(a) O&M expenses for one month;
(b) receivables for two months of the wheeling charges;
(c) maintenance spares @ 40% of R&M Expenses for one month; and Compendium of HPERC Regulations, March 2021 31
(a) O&M expenses for one month;
(b) receivables for two months of the wheeling charges;
(c) maintenance spares @ 15% of O&M expenses for one month;
Provided that for working out maintenance spares requirement under working capital any provisions, terminal benefits & any arrears payment made shall not be considered. and Less consumer security deposit, if any.]