CourtMesh

Section 4: Financial Implications

The Himachal Pradesh Electricity Regulatory Commission (Treatment of Income of Other Businesses of Transmission Licensees and Distribution…State Regulations of Himachal Pradesh · 2003

(1) The Licensee shall not in any manner utilize the assets and facilities of the Licensed Business or otherwise directly or indirectly allow the activities to be undertaken in a manner that it results in the Licensed Business subsidising the Other Business in any manner.

(2) The Licensee shall not in any manner directly or indirectly encumber the assets and facilities of the Licensed Business for the Other Business or for any activities other than the Licensed Business.

(3) The Licensee shall duly pay for all costs accounted for in the Licensed Business which have been incurred for Other Business and in the event of such costs being incurred commonly for both the Licensed Business and Other Business, apportion such costs and ensure due payment of apportioned costs to the Licensed Business from Other Business.

(4) In addition to the sharing of costs under sub-regulation (3), the Licensee shall account for and ensure due payment to the Licensed Business a certain percentage of the gross turnover form the Other Business as decided by the Commission each year at the time of determination of the Aggregate Revenue Requirement (ARR).

(5) The payment as specified in sub-regulation (4) received in the Licensed Business, from Other Business shall be utilised for reducing the transmission and/or wheeling charges, as the case may be, of the Licensed Business.

(6) The licensee shall not make any fresh capital investment for the purpose of Other Business.

Where this provision sits

ActThe Himachal Pradesh Electricity Regulatory Commission (Treatment of Income of Other Businesses of Transmission Licensees and Distribution Licensees) Regulations 2006
Section4
Marginal noteFinancial Implications
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Himachal Pradesh Electricity Regulatory Commission (Treatment of Income of Other Busi… is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.