Power Grid Corporati... v. Karnataka Power Tran...

The petitioner seeks approval for incentive for the year 2003–2004 for the transmission system in Southern Region, in terms of the Central Electricity Regulatory Commission (Terms & Conditions of Tariff) Regulations, 2001 (hereinafter referred to as “the regulations”).

2. It has been provided in the regulations that in addition to transmission charges, for availability of the transmission system beyond 98% as certified by Member Secretary, REB, the petitioner shall be entitled to incentive at rates specified hereunder:

Availability % Incentive as a percent of equity Cumulative incentive as a percent of equity 98% and below 0.00 0.00 98.01% to 98.50% 1.00 1.00 98.51% to 99.00% 1.00 2.00 99.01 to 99.50% 1.00 3.00 99.51% to 99.75% 1.00 4.00

3. The petitioner has claimed incentive as under from the respondents.

Assets year Average Equity (Rs. in lakh) Availability Incentive (Rs. in lakh) (i) Southern Region transmission assets and Inter-regional assets (ii) Bilateral assets—Kayamkulam transmission system (KSEB only) 2003-2004 116776.86 2814.84 98.75% 99.82% 2335.54 112.59

4. Member-Secretary, SPRC (earlier SREB) in his letter dated 20.12 2006 has certified the availability at 98.75% of the transmission system in the Southern Region and the interregional assets during 2003–2004, by giving weightage of 50% to the availability of interregional assets in accordance with the regulations. The availability of the bilateral assets (Kayamkulam transmission system) for the year 2003–2004 (payable by KSEB) was 99.82%. Incentive has been worked out considering the availability as certified by the Member-Secretary, SRPC. Based on the above, the petitioner shall be entitled as under:

Assets year Qualifying % availability Equity (Rs. in lakh) Incentive Amount (Rs. in lakh) (i) Southern Region transmission assets (ii) Inter-regional assets (iii) Bilateral assets—Kayamkulam transmission system (KSEb only) 2003-2004 2% 2% 4% 108789.34 9802.64 2814.85 2139.48 196.05 112.59

5. The details of calculations in support of the incentive allowed by us are given in the Annexure attached.

6. The Commission in its order dated 9.7.2004, had provisionally allowed incentive of 80% of that claimed by the petitioner in the petition. The provisional incentive charged by the petitioner shall be adjusted against final incentive for the year 2003–2004 approved by us in this order.

7. Sharing of incentive:

(i) The incentive in respect of Southern Region transmission assets and the inter-regional assets (excluding bilateral assets) shall be shared by the respondents, the beneficiaries in the Southern Region, in proportion of the transmission charges shared by them for the region.

(ii) The incentive in respect of bilateral assets-Kayamkulam transmission system shall be borne by KESB only.

8. This order disposes of Petition No. 60/2004.

ANNEXURE

Name of the Company: PGCIL Name of the Region: Southern Petition No.:60/2004-Incentive for the year 2003–2004 Basic Availability for Incentive calculation 98.00% Availability of the Transmission System Elements of PGCIL of Southern Region 98.75% Availability eligible for incentive (A) 2.00% Rs. In Lakh Name of the Transmission System/Line (1) Petition No. for the period 2001–04 & date of Tariff Order(2) D.O.C.O (3) Equity as per order (4) Period during the year (Year) (5) Incentive amount (6)= (4)*(5) *(A) (A) SOUTHERN REGION ASSETS 1 RAMAGUNDUM I&II (INCL.ICT AT KHAMMAM & REACTOR AT GAZUWAKA) 26/2002 Order dt. 23.10.2003 Before 31.3.2001 12975.57 1.00 259.51 2 CTP I 7/2002 Order dt. 30.6.2003 -do— 10468.43 1.00 209.37 3 AUTO T/F AT HYDERABAD S/S 53/2002 Order dt. 20.2.2004 -do— 389.75 1.00 7.80 4 CUDDAPAH REACTOR -do— -do— 380.66 1.00 7.61 5 SPECIAL ENERGY METERS 42/2002 Order dt. 12.6.2003 -do— 263.03 1.00 5.26 6 RAMGUNDUM-HYDERABAD 69/2002 Order dt. 19.7.2004 -do— 1157.74 1.00 23.15 7 ICT AT NAGARJUNASAGAR 41/2002 Order dt. 25.6.2003 -do— 366.98 1.00 7.34 8 NLC I 45/2002 Order dt. 30.6.2003 & 8.6.2004 -do— 2405.58 1.00 48.11 9 NLC II 16/2002 Order dt. 25.6.2003 -do— 16575.50 1.00 331.51 10 KAIGA-SIRSI 40/2002 Order dt. 30.6.2003 -do— 2498.90 1.00 49.98 11 NEYVELI-BAHOOR 50/2000 Order dt. 19.11.2004 1.7.2001 462.53 1.00 9.25 12 LILO of One Ckt. of NEYVELI-TRICHY 57/2002 Order dt. 21.2.2005 1.2.2002 101.27 1.00 2.03 13 Talcher-Kolar HVDC Line(Pole I) 122/2002 Order dt. 10.5.2005 1.12.2002 34166.23 1.00 683.32 14 LILO of 400 KV Cuddapah-Bangalore transmission line at Kolar & 400 KV KOLAR-Madras Line -do— 1.12.2002 2039.96 1.00 40.80 15 400 KV HOSUR-SALEM transmission line, Auto Transformer-I at Hossur -do— 1.12.2002 906.47 1.00 18.13 16 315 MVA AUTO TRANSFORMER-II AT HOSSUR -do— 1.2.2003 142.58 1.00 2.85 17 500 MVA Auto transformer & 400 KV D/C Kolar-Hoody transmission line -do— 1.2.2003 1064.77 1.00 21.30 18 HVDC Terminal station at Talcher & Kolar related to Pole II 132/2002 Order dt..3.8.2005 1.3.2003 13433.07 1.00 268.66 19 VIJAYAWADA-NELLORE SRIPERUMBDUR 123/2002 Order dt. 16.3.2005 1.3.2003 4374.13 1.00 87.48 20 400 KV D/C Kolar-Hosur Transmission Line 132/2002 Order dt..3.8.2005 1.4.2003 1299.92 1.00 26.00 21 400 KV S/C Salem-Udumalpet Transmission Line -do— 1.6.2003 1494.62 0.83 24.91 22 Additional Bays at Kolar and Hosur 182/2004 Order dt..5.7.2005 1.9.2003 38.79 0.58 0.45 23 Hiryur S/S including 315 MVA Auto Transformer and LILO of Davangere-Hoody -do— 1.2.2004 1013.15 0.17 3.38 24 Khammam-Nagarjunasagar 188/2004 Order dt. 18.8.2005 1.3.2004 769.72 0.08 1.28 Sub Total (A) 108789.34 2139.48 (B) INTER REGIONAL ASSETS 25 400 KV RAMAGUNDUM-CHANDRAPUR Transmission System (50%) 9/2002 Order dt. 30.6.2003 Before 31.3.2001 971.54 1.00 19.43 26 HVDC Back to Back at Chandrapur (50%) Pole-I & II 69/2002 Order dt. 19.0.2004 -do— 4029.07 1.00 80.58 27 400 KV JEYPORE-GAZUWAKA Transmission Line & HVDC Back to Back station at GAZUWAKA (Pole-I) (50%) 51/2002 Order dt. 18.0.2003 -do— 4802.04 1.00 96.04 Sub Total (B) 9802.64 196.05 Total (A)+(B) 118591.98 2335.54 (C) BI LATERAL SYSTEM (KSEB only) KAYAMKULAM TRANSMISSION SYSTEM Basic Availability for Incentive calculation 98.00% Availability of the Kayamkulam Transmission System of PGCIL of Southern Region 99.82% Availability eligible for incentive (B) 4.0% Incentive amount (6)= (4)*(5) *(B) 28 KAYAMKULAM-PALLOM 52/2002 Order dt. 30.0.2003 Before 31.3.2001 1203.49 1.00 48.14 29 KAYAMKULAM-EDMON -do— -do— 1611.36 1.00 64.45 Sub Total (c) 2814.85 112.59