PUBLI

(NO.PATNA 36) PATN

Biha

Vidyut Bh

No. BERC-Case

conferred by sub sectio

of sub section (2) of sec

of the Electricity Act, 20

in that behalf, the B

makes the following Reg

Short Title, Comm

1.1 These Regulations

Commission (Mul

Regulations, 202

1.2 These Regulations

notification in the

1.3 These Regulations

Scope and Extent

These Regulations sha

SLDC in the State of Bih

REGISTERED

XTRA ORDINARY

SHED BY AUTHORITY

5 MAGHA 1943(S)

NA, TUESDAY, 25THJANUARY 2022

r Electricity Regulatory Commission

hawan-II, J.L. Nehru Marg, Patna 800 021

&&&&

NOTIFICATION

The 17^th November 2021

No.-SMP-07/2021-03---In exercise

on (1) of section 181 and clauses (zd),

ction 181, read with sections 32, 61, 6

003 (36 of 2003) and all other powers

ihar Electricity Regulatory Commissi

gulations.

PART-I

PRELIMINARY

mencement and Extent.

shall be called the Bihar Electricity R

lti Year Transmission Tariff and SLDC

s shall come into force from the dat

Official Gazette.

shall extend to the whole of the state o

t of Application

all apply to all the Transmission Lice

har

NO. PT.-40

of powers

(ze) and(zf)

62, and 86,

enabling it

ion hereby

Regulatory

C Charges)

te of their

of Bihar.

ensees and

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

2.1 These Regulations shall be applicable for determination of tariff in

all cases covered under these Regulations from 1st April 2022 and

onwards up to FY 2024-25 or till these Regulations are amended.

2.2 These Regulations shall be applicable where the cost based/

Aggregate Revenue Requirement (ARR) based tariff is determined by

the Commission.

2.3 These Regulations shall not be applicable whose tariff has been

discovered through tariff based competitive bidding in accordance

with the guidelines issued by the Central Government and adopted

by the Commission under Section 63 of the Act.

Definitions

3.1

In these regulations, unless the context otherwise requires;-

"Act" means the Electricity Act, 2003 (36 of 2003);

“Accounting Statement” means for each Year, the following

statements, namely :—

(i)

balance sheet, prepared in accordance with BERC (Power

Regulatory Accounting) Regulations, 2018, with reference to each

licensed or regulated business separately, duly certified by the

statutory auditors;

(ii)

profit and loss account, prepared in accordance with BERC (Power

Regulatory Accounting) Regulations, 2018, with reference to each

licensed or regulated business separately, duly certified by the

statutory auditors;

(iii)

cash flow statement, prepared in accordance with BERC (Power

Regulatory Accounting) Regulations, 2018, with reference to each

licensed or regulated business separately, duly certified by the

statutory auditors;

(iv)

balance sheet, prepared in accordance with the form contained in

the Companies Act, 1956 or Companies Act, 2013, as applicable;

(v)

profit and loss account, complying with the requirements

contained in the Companies Act, 1956 or Companies Act, 2013, as

applicable;

(vi)

cash flow statement, prepared in accordance with the applicable

Accounting Standards of the Institute of Chartered Accountants of

India;

(vii) report of the statutory auditors ;

(viii) reconciliation statement, duly certified by the statutory auditors,

showing the reconciliation between the total expenses, revenue,

assets and liabilities, of the entity as a Company and the expenses,

revenue, assets and liabilities, separately for each business

regulated

the

Commission

and

unregulated

business

operations;

(ix)

cost records prescribed by the Central Government under the

Companies Act,1956 or Companies Act, 2013, as applicable;

together with notes thereto, and such other supporting statements

and information as the Commission may direct :

Provided that separate Accounting Statements shall be prepared

and submitted to the Commission for each licensed Business

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

in accordance with the Licence conditions, and for each

regulated Business :

Provided further that, in case separate Accounting Statements are

not submitted for each licensed Business in accordance with

the Licence conditions and for each regulated Business for

the Financial Year (FY) 2022-23 onwards, the Petitions filed

by the Transmission Licensee or SLDC, as the case may be,

may be rejected by the Commission after giving the

Petitioner a reasonable opportunity of being heard:

Provided, in Case of SLDC, if separate Accounting Statement is not

available, an allocation statement duly certified by the

Statutory Auditor is to be submitted

Provided also that the Transmission Licensee or SLDC, as the

case

may

be,

shall

submit

the

Statutory

Auditor’s

comments, observations and notes to Accounts, alongwith

the Accounting Statements, and a summary of the key

issues highlighted by the Statutory Auditor and the steps

taken to address them:

Provided also that, in respect of a Local Authority engaged in the

business of distribution of electricity, the Accounting

Statement shall mean the items mentioned above as

prepared and maintained in accordance with the relevant

statutes applicable to such Local Authority:

Provided also that till the SLDC remains a part of Bihar State

Power Transmission Company Limited (BSPTCL), separate

books of accounts for SLDC shall be maintained by the Bihar

State Power Transmission Company Limited and shall be

audited and certified by the statutory auditor

“Audited accounts or Audited Accounting Statements” for the

purpose of licensed or regulated business shall mean (Audited)

Regulatory Accounts prepared in accordance with BERC (Power

Regulatory Accounting) Regulations, 2018.

"Additional

Capitalisation"

means

the

capital

expenditure

actually incurred after the date of commercial operation of the

transmission system and admitted by the Commission after

prudent check subject to Regulation 19 provided herein after.

"Aggregate Revenue Requirement" or "ARR" means the costs

pertaining to the licensed business which are permitted, in

accordance with these Regulations, to be recovered from the tariffs

and charges determined by the Commission;

“Allocation Statement” means, for each Year, a statement in

respect of each of the Other Businesses of the Transmission

Licensee undertaken for optimum utilisation of its assets, showing

the amounts of any revenue, cost, asset, liability, reserve or

provision, etc., which has been charged from or to each such Other

Business together with a description of the basis of that charge ; or

determined by apportionment or allocation between different

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Businesses of the Transmission Licensee, together with a

description of the basis of the apportionment or allocation :

"Allotted Transmission Capacity" means the power transfer in

MW between the specified point(s) of injection and point(s) of drawal

allowed to a long-term customer or a medium-term customer on the

intra-State transmission system under the normal circumstances

and the expression "allotment of transmission capacity" shall be

construed accordingly:

Provided that the Allotted Transmission Capacity to a long-term

transmission customer or a medium-term transmission

customer shall be sum of the generating capacities allocated

to the long-term transmission customer or the medium-term

transmission customer from the generating stations and the

contracted power, if any;

"Auditor" means an auditor appointed transmission licensee or

SLDC as the case may be, in accordance with the provisions of

sections 224, 233B and 619 of the Companies Act, 1956 (1of1956),

as amended from time to time or Chapter X of the Companies Act,

2013 (18 of 2013) or any other law for the time being in force;

"Authority" means Central Electricity Authority constituted under

section 70 of the Electricity Act, 2003.

10) "Availability" in relation to a transmission system for a given

period means the time in hours during which period the

transmission system is capable to transmit electricity at its rated

voltage expressed in percentage of total hours in the given period

and shall be calculated as provided in Appendix-II to these

Regulations.

11) "Base Year" means the financial year immediately preceding first

year of the control period and used for the purpose of these

Regulations;

12) “Balancing and Settlement Code” means such Code as may be

stipulated by the Commission, or by the SLDC with the approval of

the Commission, for the balancing of energy accounts and

settlement of differences among the users of the grid in the State of

Bihar

13) "Beneficiary(ies)"

(a) in relation to a Transmission Licensee, the Transmission

System Users.

(b) in relation to the SLDC, the Generators including RE

Generators with Long term Access, the Distribution Licensees and Open

Access consumers who utilise the Intra-State Transmission system for

transmission of electricity and / or utilise the distribution system of a

Licensee in the State for wheeling of electricity and/or avail the services

of the SLDC relating to scheduling and real-time grid operations, State

energy accounting, operation of pool account, etc.

14) "Books of Accounts" for the purpose of licensed or regulated

business shall mean Regulatory Books of Accounts drawn up in

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

accordance with BERC (Power Regulatory Accounting) Regulations,

2018

15) “Bulk Power Transmission Agreement” means an executed

Agreement that contains the terms and conditions under which a

Transmission System User is entitled to access to an intra-State

transmission system of a Transmission Licensee

16) "Change in Law" means occurrence of any of the following events:

(a) enactment, bringing into effect or promulgation of any new

Indian law; or

(b) adoption, amendment, modification, repeal or re-enactment of

any existing Indian law; or

competent

court,

Tribunal

Indian

Governmental

Instrumentality which is the final authority under law for

such interpretation or application; or

(d) change by any competent statutory authority in any condition

or covenant of any consent or clearances or approval or

licence available or obtained for the project; or

(e) coming into force or change in any bilateral or multilateral

agreement/treaty between the Government of India and any

other Sovereign Government having implication for the

generating station or the transmission system regulated under

these Regulations.

(f)

any change in taxes or duties, or introduction of any taxes or

duties levied by the Central or any State Government

17) “Charges” means payments to be collected by the Transmission

Licensee or SLDC for the services rendered by it.

18) "Commission" means the Bihar Electricity Regulatory Commission;

19) "Conduct of Business Regulations" means the Bihar Electricity

Regulatory Commission (Conduct of Business) Regulations, 2005,

and its amendments from time to time.

20) "Contracted Capacity" means the capacity in MW contracted by a

long-term Transmission System User as part of its long-term power

procurement plan through a power purchase agreement or

arrangement, and shall be equivalent to the deemed Transmission

Capacity Right of a Transmission System User as specified under

the Regulations of the Commission governing Transmission Open

Access.

21) "Control Period" means a multi year period normally comprising of

five financial years or as may be determined by the Commission, for

submission of forecast in accordance with these Regulations;

22) "Cut off date" means 31st March of the year closing after two years

of the year of commercial operation of the project, and in case the

project is declared under commercial operation in the last quarter

of a year, the cut-off date shall be 31st March of the year closing

after three years of the year of commercial operation:

Provided that the cut-off date may be extended by the Commission if it is

proved on the basis of documentary evidence that the capitalisation

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

could not be made within the cut-off date for reasons beyond the control

of the project developer;

23) "Date of Commercial operation" or "COD" in case of a

transmission system shall mean the date declared by the

Transmission Licensee from 00:00 hour of which an element of the

transmission system is in regular service after successful trial

operation for transmitting electricity and communication signal

from sending end to receiving end. Date of commercial operation in

relation to a communication system or element thereof shall mean

the date declared by the transmission licensee from 00:00 hour of

which a communication system or element is put into service after

completion of site acceptance test including transfer of voice and

data to respective control centre as certified by the respective State

Load Dispatch Centre.

Provided that where the transmission line or substation is

dedicated for evacuation of power from a particular

generating

station,

the

Generating

Company

and

Transmission Licensee shall endeavour to commission the

generating

station

and

the

transmission

system

simultaneously as far as practicable and shall ensure the

same through appropriate Implementation Agreement:

Provided further that in case a transmission system or an element

thereof is prevented from regular service for reasons not

attributable to the Transmission Licensee or its supplier or

its contractors but is on account of the delay in

commissioning of the concerned generating station or in

commissioning of the upstream or downstream transmission

system, the Transmission Licensee shall approach the

Commission through an appropriate application for approval

of the date of commercial operation of such transmission

system or an element thereof.

24) “De-capitalisation” means the reduction in Gross Fixed Assets

corresponding to the removal of assets as approved by the

Commission.

25) "Existing Project" means transmission project declared under

commercial operation from a date prior to notified date of these

tariff regulations by the Commission as per Regulation 1.2.

26) "Expenditure”

means

reasonable

and

prudently

required

expenditure incurred on the following:

a) salaries and wages of staff, welfare expenses excluding

management remuneration covered below;

b) Directors remuneration, fees, expenses including facilities;

c) salaries and wages of corporate office / registered office;

d) financing cost excluding penal interest / charges;

e) interest charges on loan(s) borrowed for capitalized assets;

f) interest on temporary accommodation to the extent of approved

unrealized arrears from the consumers

g) interest on working capital

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

h) Return on equity;

i) financing charges applicable to operational account;

j) interest on security deposits (except the security deposits held in

the form of Bank Guarantee) from transmission System Users;

k) Impact of variation in foreign exchange rate in case of foreign

currency loan taken with due approval and is not capitalised;

l) Depreciation

m) Rents, rates and taxes, other than all taxes relating to income /

profits;

n) Legal charges;

o) Auditor’s expenses, Auditor’s fees; auditor’s expenses; Payment

to Auditors in any other capacity or for any work which is

necessary to be got done from them in connection with audit;

p) Consultancy charges for work which cannot be done in house or

is uneconomical in doing in-house or is essential to be done from

outside sources;

q) Bad debts actually written off subject to Commission’s clearance;

r) Other expenses necessary which are ancillary or incidental to the

business of electricity except penalty etc levied under the Act or

any other law in force;

27) "Extended Life" means the life of a transmission system or element

thereof beyond the period of useful life, as may be determined by

the Commission on case to case basis;

28) "Financial Year" means a period commencing on 1^st April of a

calendar year and ending on 31^st March of the subsequent calendar

year;

29) "Force Majeure Event" for the purpose of these regulations means

the

event

circumstance

combination

events

circumstances including those stated below which partly or fully

prevents the transmission licensee to complete the project within

the time specified in the Capital Investment Approval, and only if

such events or circumstances are not within the control of the

transmission licensee and could not have been avoided, had the

transmission licensee taken reasonable care or complied with

prudent utility practices:

(a) Act of God including lightning, drought, fire and explosion,

earthquake, volcanic eruption, landslide, flood, cyclone,

typhoon, tornado, geological surprises, or exceptionally

adverse weather conditions which are in excess of the

statistical measures for the period for which data is available;

(b) Any act of war, invasion, armed conflict or act of foreign

enemy, blockade, embargo, revolution, riot, insurrection,

terrorist or military action; or

nationwide impact in India and/or state wide impact in Bihar ;

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

30) “High Tension” (or “HT”) means all voltages defined as “high” or

“extra high” voltage under the applicable Rules and Regulations as

specified by the Central Electricity Authority

31) “Income” shall include all income from any sources but shall not

be limited to the following:

a) Gross receipts from transmission of energy or SLDC fees &

charges, as the case may be, excluding late payment

surcharge, if any, based on the orders of the Commission;

b) Rental of meters, plant, equipment and other apparatus hired

to the consumers;

c) Income from services to consumers by way of repair or any

sale or other service other than capital receipts;

d) Interest on investments, bank balances including fixed and

call deposits and any other income in the form of interest;

e) Profit on sale of assets;

f) Wheeling of energy;

g) Non tariff income;

h) Income from other business;

i) Any receipt or refund from other sources against any expense

or likely expense which has been earlier allowed as expense

in the tariff;

j) All other general receipts arising from and ancillary or

incidental to the business of electricity supply;

k) Other general receipts in terms of Act / Regulations including

use of assets for other business whether actually recovered or

not;

32) “Indian Governmental Instrumentality” means the Government

of India, State Government and any Ministry or Department or

Board or Agency or regulatory or quasi-judicial authority controlled

by Government of India or the Government of the State where the

Project is located

33) “Intra-State Transmission System” (or “InSTS”) means any

system for conveyance of electricity by transmission lines within the

area of the State of Bihar, and includes all transmission lines, sub-

stations and associated equipment of Transmission Licensees in the

State :

Provided that the definition of point of separation between a transmission

system and distribution system and between a Generating Station and

transmission system shall be guided by the Regulations notified by the

Central Electricity Authority under clause (b) of Section 73 of the Act

34) "Implementation Agreement" means the agreement, contract or

memorandum of understanding, or any such covenant, entered into

(i) between transmission licensee and generating station or (ii)

between transmission licensee and developer of the associated

transmission system for the execution of project in coordinated

manner;

35) "License" means a License granted by the Commission under

Section 14 of the Act;

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

36) "Licensed Business" means the functions and activities, which the

Licensee is required to undertake in terms of the License granted by

the Commission or as a deemed Licensee under the Act;

37) “Market operation function” means the functions of scheduling,

despatch, data acquisition, energy accounting and deviation

settlement, transmission loss calculation and apportionment,

operation of pool account and congestion charge account,

administering ancillary services, information dissemination and any

other functions assigned to the SLDC by the Act or Regulations or

Orders.

38) “Non-Tariff Income” means the income relating to the regulated

Business other than from Tariff, excluding any income from Other

Business.

39) "Operation and Maintenance expenses" or "O&M expenses"

means the expenditure incurred on operation and maintenance of

the transmission system including part thereof, and includes the

expenditure

man-power,

repairs,

maintenance

spares,

consumables, insurance and overheads.

40) "Original Project Cost " means the actual expenditure incurred by

the transmission licensee, as per the original scope of the project

up to the cut-off date as admitted by the Commission;

41) "Project" includes transmission system comprising of specified

transmission lines, sub - stations and associated equipment.

42) "Rated Voltage" means the manufacturer’s design voltage at which

the transmission system is designed to operate or such lower

voltage at which the line is charged, for the time being, in

consultation with the long – term transmission customer(s).

43) "State Government" means Government of Bihar.

44) “State Grid Code” means the Code specified by the Commission

under clause (h) of sub-section (1) of section 86 of the Act

45) “Transmission

Capacity

Rights”

means

the

right

Transmission System User to transfer power in MW, under normal

circumstances, between such points of injection and drawal as may

be set out in the Bulk Power Transmission Agreement.

46) “Transmission System User” for the purpose of these Regulations

means the Distribution Licensees and long-term Open Access

Users, but excludes partial Open Access Users

47) "Tariff" means schedule of charges for generation, transmission,

distribution and trading of electricity as well as various charges for

providing open access of electricity, as determined by the

commission from time to time.

48) "Transformer Failure" represents number of transformer failures

of a particular capacity within the transmission system as a

percentage of the total number of transformers in that capacity.

49) "Trial Run" or "Trial Operation" Trial operation in relation to a

transmission system or an element thereof shall mean successful

charging of the transmission system or an element thereof for 24

hours at continuous flow of power, and communication signal from

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

sending end to receiving end and with requisite metering system,

telemetry and protection system in service enclosing certificate to

that effect from State Load Dispatch Centre.

50) "Transmission Licensee" means a person who has been granted

licence for intra state transmission of electricity and includes any

person deemed to be a transmission licensee for intra – state

transmission of electricity.

51) "Transmission

Service

Agreement"

means

agreement,

contract, memorandum of understanding or any such covenant,

entered into between the transmission licensee and the long – term

transmission customer for the operational phase of the project.

52) "Transmission System" means a line with associated sub stations

or a group of lines inter – connected together along with associated

sub -stations and the term includes equipment associated with

transmission lines and sub-stations.

53) "Useful life" in relation to a unit of a Transmission System from the

COD shall mean 25 years for sub-station and 35 years for

transmission line.

Provided that the useful life for AC and DC substations and GIS for

which Notice Inviting Tender is floated on or after 01.04.2022 shall be

considered as 35 years from the date of COD

3.2 The words and expressions used and not defined in these

Regulations, but defined in other Regulations or the Act, shall have the

meanings assigned to them in the other Regulations or the Act

respectively.

3.3 The words

“Application” or “Petition” shall be interpreted

synonymously.

PART-II

GENERAL PRINCIPLES

Multi Year Tariff Framework

4.1 The Commission shall determine the tariff for Transmission

business or charges of SLDC operations under a Multi-Year Tariff

framework with effect from April 1st of each financial year subject to

provisions under these Regulations.

4.2 The Multi Year Tariff frameworks shall be based on the following

elements, for calculation of Aggregate Revenue Requirement and

expected revenue from tariff and charges for Transmission Business and

Fees and Charges of SLDC:

Control Period, before commencement of which a forecast of the

Aggregate Revenue Requirement and expected revenue from

existing tariff in case of transmission licensee or Fees and Charges

in case of SLDC, as the case may be, shall be submitted by the

applicant and approved by the Commission;

Provided

further

that

the

performance

parameters

whose

trajectories have been specified in these Regulations shall

form the basis of projection for the Aggregate Revenue

Requirement for the entire Control Period:

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

ii. A detailed Business Plan based on the Operational Norms and

trajectories of performance parameters specified in the MYT

Regulations, for each year of the Control Period, shall be submitted

by the applicant for the Commission's approval subject to

provisions under these Regulations;

iii. Based on the Business Plan, the applicant shall submit a petition

with the forecast of Aggregate Revenue Requirement and expected

revenue from existing tariff and charges for each year of the Control

Period, and the Commission shall approve the transmission tariff

and Fees and Charges in case of SLDC for each year of the Control

Period;

iv. The mechanism for pass-through of approved gains or losses in

truing-up on account of uncontrollable factors as specified under

Regulation 9 of these Regulations;

v. The mechanism for sharing of approved gains or losses in truing-up

arising out of controllable factors as specified under Regulation 10

of these Regulations;

Business Plan

5.1 The Transmission Licensee or SLDC, as the case may be, shall file a

Business Plan, for the Control Period by a Petition in accordance

with BERC (Conduct of Business) Regulations, 2005 and its

amendments from time to time, by 15th September of the year prior

to the commencement of the Control Period and accompanied by

such fee payable, as specified in the BERC (Fees, Fines and

Charges) Regulations, 2019 as amended from time to time.

Provided that, application for approval of the Business Plan shall

not be required to be filled for the Control Period 2022-23 to

2024-25 and all requirement of business plan shall be

incorporated in the MYT petition of this control period.

5.2 Such Business Plan shall comprise but not be limited to

infrastructure

requirement

commensurate

with

load

growth

forecast and demand projections, capital investment plan, financing

plan and physical targets.

Provided the Business Plan shall take into account schemes

costing below the threshold limit to be notified separately

that are to be developed by the State Transmission Utility on

cost plus basis in accordance with the Tariff Policy notified

by Govt. of India.

Provided that the Commission may permit SLDC to create and

maintain a separate development fund for such purposes

and from such sources of income, as the Commission may

consider appropriate, on a Petition filed by SLDC.

Provided further that in case the Commission issues guidelines

and formats, from time to time, the same shall be adhered to

by the Transmission Licensee.

5.3

The Transmission Licensee or SLDC, as the case may be, shall

make assessment of infrastructure requirement and prepare capital

investment plan in accordance with BERC (Procedure for Filing Capital

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Investment and Capitalization Plan) Regulations, 2018 that will spill into

the year(s) under review and new projects that will commence and may

be completed within or beyond the tariff period.

Provided that all the new intra-state transmission projects costing

above a threshold limit to be notified separately, shall be developed

through Tariff Based Competitive Bidding.

Provided also that, It is the duty of the Licensee to ensure

optimization of investments to enhance efficiency, productivity and meet

performance standards prescribed by the Commission.

5.4 The Commission shall approve the infrastructure requirement and

preparation of capital investment plan in accordance with BERC

(Procedure for Filing Capital Investment and Capitalization Plan)

Regulations, 2018. The same would be considered for computation

of ARR, wherein the amount of electricity transmitted by the

Transmission System shall be projected considering the estimated

growth plan of its Beneficiaries and any plans of new transmission

system, based on network expansion plans within the State.

5.5

The Commission may also undertake a detailed review of the

actual works compared with the works approved in the previous

Tariff Order while approving the capital expenditure for the

ensuing year.

5.6 The Transmission Licensee shall normally get prior approval of every

capital investment. In case the capital expenditure is required for

emergency work arisen due to unforeseen circumstances, the

Licensee may take up the work upto Rs.20 Crore prior to receiving

the approval from the Commission provided the emergent nature of

the scheme has been certified by its Board of Directors or by the

Authority delegated by the Board of Directors.

5.7 The Licensee shall submit an application showing detailed

justification along with supporting documents for emergent nature

of expenses within 15 days of occurrence of cause for such

emergent work, seeking post facto approval by the Commission.

5.8 Beneficiaries contribution towards cost of capital asset shall be

treated as capital receipt and credited in current liabilities until

transferred to a separate account on Commissioning of the assets.

5.9 An amount equivalent to the depreciation charge on such assets for

the year shall be appropriated from this account as income to the

statement of profit and loss over the useful life of the asset.

Specific trajectory for certain variables

6.1 The Commission shall stipulate a trajectory while approving the

Business Plan, for certain variables having regard to the reorganization,

restructuring and development of the electricity industry in the State:

Provided that the variables for which a trajectory may be stipulated

shall include, but are not limited to, Capitalization Schedule

(Timely completion of Project as per original award without

cost overrun and Time overrun), Operation & Maintenance

expense norms, transmission system availability, and

transmission losses.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

6.2 In case the Commission has approved the business plan by 31^st

October of current year, the trajectory stipulated by the Commission in

the order approving the Business Plan submitted by the applicant, shall

be incorporated by the applicant, in its forecast of Aggregate Revenue

Requirement and/or expected revenue from tariff and charges under

these Regulations.

Annual Review of Performance and True-up

7.1 Where the Aggregate Revenue Requirement and expected revenue

from tariff and charges of a Transmission Licensee or SLDC, as the case

may be, are covered under a Multi-Year Tariff framework, such

Transmission Licensee or SLDC shall be subject to an annual review of

performance and True-up during the Control Period in accordance with

these Regulations.

Controllable and uncontrollable factors:

8.1 The “uncontrollable factors” shall comprise but not limited to the

following factors which are beyond the control of, and could not be

mitigated by the applicant:

(a)

Force Majeure events, such as acts of God, war, fire and natural

calamities.

(b) Change in law;

8.2 The “controllable factors” shall comprise but not limited to the

following factors which are within the control of, and are attributable to

the applicant:

(a)

Variations in Transmission System availability;

(b)

Variations in capital expenditure and Capitalization on account of

time and/or cost overruns/ efficiencies in the implementation of a capital

expenditure project not attributable to an approved change in scope of

such project, change in statutory levies or force majeure events;

Depreciation on account of variation in capitalisation as specified in

clause (b) above ;

(d) Variation in performance parameters;

(e)

Variations in Return on Equity (RoE), depreciation and working

capital requirements. However, if the Commission is satisfied that the

variation in the working capital requirement is attributable to any

uncontrollable factors, the same may be considered as uncontrollable

factor.

(f)

Variation in operation & maintenance expenses, except those

attributable to directions of the Commission or to change in Government

policy/law.

(g) Failure to meet the standards specified in the Standards of

Performance Regulations, except where exempted;

Mechanism for pass-through of gains or losses on account of

uncontrollable factors

9.1

The approved aggregate gain or loss to the Licensee or SLDC,

as the case may be, on account of uncontrollable factors shall

be a pass through, as an adjustment in the tariff of the

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Licensee or SLDC, as the case may be, as specified in these

Regulations and as may be determined in the Order of the

Commission passed under these Regulations..

9.2

The Licensee or SLDC, as the case may be, shall submit such

details of the variations between actual expenses incurred

and revenue earned and the figures approved by the

Commission along with the detailed computations and

supporting documents as may be required for verification by

the Commission.

10. Mechanism for sharing of gains or losses on account of

controllable factors

10.1 The approved aggregate gain or loss to the Licensee or SLDC, as

the case may be, on account of controllable factors shall be dealt with

separately for aggregate gain and aggregate loss in the following manner:

(a) Aggregate gain:

(i) 50% of the amount of such gain shall be a pass through as an

adjustment in the tariff of the Licensee or SLDC, as the case may be, as

specified in these Regulations and as may be determined in the Order of

the Commission passed under these Regulations;

(ii) The balance 50% of the amount of such gain shall be on

account of Licensee or SLDC, as the case may be, and such amount

shall be utilized at the discretion of Licensee or SLDC, as the case may

be.

(b) Aggregate Loss:

(i) 50% of the amount of such loss shall normally be a pass

through as an adjustment in the tariff of the Licensee or SLDC, as the

case may be, as specified in these Regulations and as may be determined

in the Order of the Commission passed under these Regulations,

provided the Commission is satisfied that such loss is not on account of

deliberate action of the Licensee or SLDC, as the case may be;

(ii) The balance 50% of the amount of such loss shall be on

account of Licensee or SLDC and shall be absorbed by the Licensee or

SLDC, as the case may be.

Explanation: - If the State Government is providing resource gap

grant, Aggregate Loss shall be reduced by that amount for the purpose of

computation of Aggregate Loss to be qualified for a pass through.

10.2 The Licensee and SLDC, as the case may be, shall submit such

details of variation for sharing of approved aggregate gain or loss on

account of controllable factors along with the detailed computations and

supporting documents as may be required for verification by the

Commission.

Explanation: For the purpose of variation for sharing of approved

aggregate gain or loss on account of norms based expenditure, variation

will be calculated as a difference between normative expenditure as re-

calculated in truing up and actual expenses booked in the audited books

of accounts.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

10.3 In case, there are other regulations which specifies for

incentive/disincentive, gains/losses will not be shared under this

regulation.

PART-III

PROCEDURE

11. Procedures relating to making of an application for approval of

Business plan and for determination of Tariff

11.1 An application (alongwith soft copy) for approval of the

Business Plan shall be made by 15^th September of the year prior to the

commencement of the Control Period, in accordance with the BERC

(Conduct of Business) Regulations, 2005 and its amendments from time

to time, and accompanied by such fee payable, as specified in the BERC

(Fees, Fines and Charges) Regulations, 2019 as amended from time to

time.

Provided that the Commission may conduct a Technical Validation

Session prior to admission of the Petition.

Provided further that, application for approval of the Business Plan

shall not be required to be filled for the Control Period 2022-23 to 2024-

25 and all requirement of business plan shall be incorporated in the MYT

petition of this control period.

11.2 The Transmission Licensee in its Business Plan filings shall

submit and propose the trajectory for the achievement of quality targets.

The Commission shall specify the targets for each parameter. The

Transmission Licensee shall submit its performance on each parameter

in the form and manner specified by the Commission.

The Business Plan shall be for the entire control period and shall

inter-alia, contain:

(a)

Capital Investment Plan

(b)

The appropriate capital structure and cost of financing

(interest on debt) and return on equity, terms of the existing loan

agreements, etc;

(c)

Operation and Maintenance (O&M) expenses: This shall

include the costs estimated for the Base Year, the actual expenses

incurred in the previous control period and the projected values for each

year of the Control Period based on the proposed norms for O&M cost,

including indexation and other appropriate mechanisms;

(d)

Depreciation: Based on the original cost of the fixed assets of

the corresponding year, capitalisation schedules for each year of the

Control Period and at the rate not exceeding the rate specified by the

Central Electricity Regulatory Commission;

(e)

Performance

Targets:

set

targets

proposed

for

controllable

items

such

availability

transmission

system,

transmission losses, transformer failure rate, and any other parameters

for quality of supply. The targets shall be consistent with the Capital

Investment Plan proposed by the Transmission Licensee;

(f)

Proposals for Non-Tariff Income with item-wise description

and details;

(g)

Proposals in respect of income from Other Business;

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

(h)

Other Information: This shall include any other details

considered appropriate by the Transmission Licensee for consideration

during determination of tariff; and

11.3 An application (alongwith soft copy) for determination of

tariff and charges shall be made by 15^th November every year, for Truing

up of expenses of previous years, for Annual Performance Review (APR) of

the Aggregate Revenue Requirement (ARR) for the current year and

determination of ARR and transmission tariff or SLDC charges for the

ensuing years of the control period. The application should contain the

data

relating

each

item

the

ARR

supported

with

the

information/data in the formats Form no-SI to Form no-P12 appended to

these Regulations, and accompanied by such fees as may be specified

under the BERC (Fees, Fines and Charges) Regulations, 2019 as

amended from time to time. All the information as required in the

formats appended to these Regulations along with justification shall be

provided in the main petition.

Provided that the Commission may require submission of

additional information/data required for determination of ARR and tariff.

11.4 The filings for Transmission Tariff shall inter-alia contain but are

not limited to the following:

(a) The Transmission System or network usage forecast for each year

of the Control Period, consistent with the Business Plan;

(b) Proposals for transmission tariff design for each year of the Control

Period, including the losses to be charged and the procedure

thereof;

(c)

Proposal for reactive energy charges;

(d) Expected Revenue from the Licensed Business, Non-Tariff Income

and income from Other Business and other matters considered

appropriate by the Transmission Licensee.

11.5 The petition for determination of tariff or SLDC charges shall

be accompanied by information for the previous year, current year (RE)

and the ensuing years of the entire control period.

Provided that the application shall be accompanied where relevant,

by a detailed tariff revision proposal and how such revision would meet

the gap, if any, in Aggregate Revenue Requirement for each year of the

Control Period.

Provided further that the information for the previous year shall be

based on audited accounts and in case audited accounts for previous

year are not available, audited accounts for the immediately preceding

year should be filed along with provisional books of annual (regulatory)

accounts for the previous year adopted by the Board of Directors of the

licensee company or SLDC, as the case may be.

11.6 The Transmission Licensee or SLDC as the case may be shall

along with the aforesaid petition submit a statement on the status of

compliance of directives, if any, issued by the Commission in its last

tariff order.

11.7 The Commission may seek clarification and additional

information on inadequacies in the application, if any, within 14 days or

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

as may be practicable, of filing of the application for approval of the

Business Plan and application for determination of tariff, as the case may

be.

11.8 The Transmission Licensee shall respond within the next 10

days to the Commission with all clarification and information as

required.

11.9 Upon receipt of a complete application accompanied by all

requisite information, particulars and documents in compliance with all

the requirements specified in these Regulations, the application for

approval of the Business Plan and application for determination of tariff,

as the case may be, shall be deemed to be received and The Commission

shall admit the application for approval of the Business Plan and

application for determination of tariff, as the case may be, within seven

days or as may be required, of submission of response to the

clarifications, if any, by the Transmission Licensee or SLDC, as the case

may be.

11.10 The Commission or the Secretary or the designated Officer

shall intimate to the applicant with the abridged form of application for

publication of public notice in the daily newspapers. In case of non-

submission or delay in submission of additional information, the

Commission may take suo-motu decision to formulate this abridged form

of application as it deem appropriate.

11.11 The applicant shall, within three (3) days of the intimation

given to him in accordance with Regulation 11.10, publish a notice

inviting suggestions and objections from the public, in at least two (2)

English and two (2) Hindi language daily newspapers widely circulated in

the area to which the application pertains, outlining the proposed

Business Plan or the proposed ARR and tariff, as the case may be, and

such other matters as may be stipulated by the Commission.

Provided that the applicant shall make available a hard copy

of the complete application, to any interested party, at such locations

and at such rates as may be stipulated by the Commission:

Provided further that the applicant shall also put up on its

internet website, in downloadable spreadsheet format showing detailed

computations, the application made to the Commission along with all

regulatory filings, information, particulars and documents in the manner

so stipulated by the Commission:

Provided further that the web-link to the information

mentioned in the second proviso above shall be easily accessible,

archived for downloading and shall be prominently displayed on the

applicant's internet website:

Provided also that the applicant may not provide or put up

any such information, particulars or documents, which are confidential

in nature, with the prior approval of the Commission.

Explanation

–

for

the

purpose

this

Regulation,

the

term

“downloadable spreadsheet format” shall mean one (or multiple, linked)

spreadsheet software files containing all assumptions, formulae,

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

calculations, software macros and outputs forming the basis of the

application.

11.12 The procedural aspects pertaining to the Petition contained

in this Regulation shall apply only to such an extent as may be required

by the Commission having regard to the circumstances of an individual

case, to,-

(a) a Petition filed by a Transmission Licensee under Section 36 of

the Act;

(b) a Petition filed by the SLDC under section 32 of the Act

11.13 Notwithstanding anything contained in these Regulations, in

case of delay/ non-submission of the application for approval of the

Business Plan and application for determination of tariff, as the case may

be, the Commission may initiate suo-motu proceedings mandating the

filing of the said applications.

Provided that in the event of the licensee not filing the application

despite the aforesaid proceeding, the Commission may on its own, decide

the tariff based on previous year’s tariff details and after incorporating

suitable adjustments. However before issuing tariff order under such

circumstances, comments/ suggestions/ objections from the public and

stake holders including the licensee will be invited and same will be

considered for the tariff order.

Provided further that the Commission may also pass directions

under Section 129 and/or Section 142 of the Act, if required.

12. Order approving the Business Plan and Tariff Order

12.1 An Order approving with such modifications or such

conditions as may be specified in that order or rejecting the Business

Plan shall, as far as practicable, be issued before the filing of tariff

petition separately or with the tariff order as the Commission may deem

fit and practicable.

12.2 The Commission shall, within one hundred and twenty (120)

days from receipt of a complete application for determination of ARR and

tariff and after considering all suggestions and objections received from

the public and after hearing all stakeholders and general public:-

(a) issue a Tariff Order accepting the application with such

modifications or such conditions as may be specified in that Order;

(b) reject the application for reasons to be recorded in writing, if such

application is not in accordance with the provisions of the Act and

the Rules and Regulations made there under or the provisions of

any other law for the time being in force:

12.3 An applicant shall be given a reasonable opportunity of being

heard before rejecting its application referred to under regulation 12.1

and 12.2 above.

12.4 The applicant shall publish the tariff approved by the

Commission within seven days of issue of tariff order in at least two (2)

English and two (2) Hindi daily newspapers having wide circulation in

the area of supply of the applicant and shall put up the approved tariff or

charges on its internet website.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

12.5 The tariff so published shall be in force from the date

specified in the said Order and shall, unless amended or revised,

continue to be in force for such period as may be stipulated therein.

13. True-Up and Annual Performance Review

The Commission shall True-Up expenses of the previous year either

as part of the Tariff order or issue Order/s for True-Up of expenses

preceding the Tariff order of ensuing year.

(a) An order for True-Up of expenses shall be issued on annual basis.

(b) An order for True-Up of expenses shall be on the basis of expense

estimates made in the beginning of the year under consideration,

actual expenses booked in the audited books of accounts of the

Transmission Licensee or SLDC, as the case may be, for the year,

and after prudence check of data by the Commission.

true-up, provisional books of annual (regulatory) accounts duly

approved by the Board of Directors of the applicant company shall

be used for the provisional True-up process.

(d) The Commission shall undertake review of estimates of expenses for

the current year as a part of the tariff order on the basis of the

actual expenses incurred during the period April – September of the

current year and corresponding figures in the order for Annual

Revenue Requirement (ARR) of the current year approved by the

Commission.

(e) Estimates of expenses for the ensuing year shall be on the basis of

corresponding figures in the order for True-up of expenses of the

previous year and Annual Performance Review or Tariff Order of the

current year, as the Commission may consider reasonable and

deem fit.

(f) Notwithstanding anything contained in regulation 4 of these

Regulations, the Revenue gap/surplus arising out of Truing up

shall be considered by the Commission while determining the ARR

ensuing

year(s).While

approving

adjustments

towards

revenue/expenses in future years, arising out of Truing up

exercises, the Commission may allow the carrying costs as

determined by the Commission of such expenses/revenues.

However the revised estimated gap/surplus as a result of APR may

or may not be passed in the ARR of ensuing year.

14.

Adherence to Tariff Order

14.1 If a Transmission Licensee recovers a price or charge

exceeding the tariff determined under Section 62 of the Act and in

accordance with these Regulations, the excess amount shall be payable

to the person who has paid such price or charge, along with interest

equivalent to the Bank Rate of the Reserve Bank of India without

prejudice to any other liability that may be incurred by such

Transmission Licensee.

14.2 The Transmission Licensee shall submit periodic returns as

may be required by the Commission, containing operational and cost

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

data to enable the Commission to monitor the implementation of its

Order.

PART-IV

NORMS OF OPERATION

15. Charges for Auxiliary Energy Consumption in the Sub – Station

The charges for auxiliary energy consumption in the Sub Stations

for the purpose of air – conditioning, lighting, technical consumption etc

shall be borne by the transmission licensee as part of normative

operation and maintenance expenses.

Provided that for consumption in the Sub Stations for the

purpose of air – conditioning, lighting, technical consumption etc.,

transmission licensee shall get an electric connection from the concerned

distribution licensee and pay charges to the distribution licensee as per

the applicable retail tariff.

16. Normative Annual Transmission System Availability Factor

(NATAF):

16.1 The Normative Annual Transmission System Availability Factor for

recovery of full transmission charges shall be as under:

(a) For full recovery of Annual Transmission Charges-

(i)

AC System

98%

(ii)

HVDC System

95%

(b) For Incentive consideration-

(iii)

AC System

98.5%

(iv)

HVDC System

97.5%

Provided that recovery of full annual transmission charges below

the target availability shall be on a pro rata basis. At zero availability, no

transmission charges shall be payable

16.2 The actual availability shall be calculated in accordance with the

procedure provided in Appendix-II to these Regulations and shall be

certified by the State Load Despatch Centre (SLDC) as per the format

specified in Appendix -I of these Regulations.

16.3 The Transmission Licensee shall be entitled to incentive on

achieving annual availability beyond the target availability, in accordance

with the following formula :-

Incentive = Annual Transmission Charges x (Annual availability achieved

– Target Availability) / Target Availability;

Where,

Annual transmission Charges shall correspond to Aggregate Revenue

Requirement for each year of the Control Period for the particular

Transmission Licensee within the State:

Provided that no incentive shall be payable above the availability of

99.75 % for AC system and 98.5 % for HVDC system:

17. Quality of Supply

17.1 The Commission shall monitor the following Quality of Supply

parameters during the Control Period:

(a) Transmission System Availability

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

(b) Transformer Failure,

18. Safety Standards

18.1 The Transmission Licensee shall develop a Safety Manual and

follow procedures to maintain at least minimum safety standards during

construction, operation, etc. in line with the provisions of Section 53 of

the Act

19. Additional Capitalisation:

(1) The following capital expenditure which is within the original scope

of work and actually incurred after the date of commercial operation and

upto the cut-off date may be admitted by the Commission, subject to

prudence check:

(i)

deferred liabilities

(ii)

works deferred for execution

(iii)

Initial spares shall be capitalised as a percentage of the Plant and

Machinery cost upto cut-off date, subject to following ceiling norms:

Transmission line - 1.00%

Transmission Sub-station (Green Field) - 4.00%

Transmission Sub-station (Brown Field) - 6.00%

Series Compensation devices and HVDC Station - 4.00%

Gas Insulated Sub-station (GIS) - 5.00%

Communication system- 3.50%

Provided that once the project is commissioned, the cost of initial

spares shall be restricted on the basis of plant and machinery cost

corresponding to the project at the time of truing up.

(iv)

liabilities in connection with implementation of award of arbitration

or compliance of the order or decree of a court, and

(v)

on account of change in law

Note: (a) original scope of work along with estimates of expenditure shall

be submitted to the Commission along with application for tariff.

(b) a list of the deferred liabilities and works deferred for execution

shall also be submitted along with the application for determination of

tariff after the date of commercial operation of the transmission system.

(2) Subject to clause (3) of this regulation, the capital expenditure

of the following nature actually incurred after the cut-off date may be

admitted by the Commission, subject to prudent check.

(i)

deferred liabilities relating to work / services within the

original scope of work

(ii)

liabilities in connection with implementation of award of

arbitration or compliance of an order or decree of a court

(iii)

on account of a change in law, and

(iv)

any additional works / services which have become

necessary for efficient and successful operation of the project, but not

included in the original project cost.

(3)

Any expenditure incurred on minor items / assets bought

after the cut off date like tools and tackles, personal computers,

furniture, air-conditioners, voltage stabilizers, refrigerators, coolers, fans,

TV, washing machine, heat convectors, mattresses, carpets etc. shall not

be considered for additional capitalisation for determination of tariff with

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

effect from notified date of the tariff regulations by the Commission as

per Regulation 1.2

Note: The list of items is illustrative but not exhaustive.

(4) Impact of additional capitalisation on tariff, may be considered

during truing up of each financial year of the control period.

Note:

(1) Any expenditure admitted on account of committed liabilities within

the original scope of work and the expenditure deferred on techno-

economic grounds but falling within the original scope of work shall

be serviced in the normative debt equity ratio specified in these

Regulations.

(2) Any expenditure on replacement of old asset shall be considered

after writing off the entire value of the original asset from the

original capital cost.

(3) Any expenditure admitted by the Commission for determination of

tariff on account of new works not in the original scope of work shall

be serviced on normative debt – equity ratio specified in these

Regulations.

(4) Any expenditure admitted by the Commission for determination of

tariff on renovation and modernisation or life extension shall be

serviced on normative debt –equity ratio specified in these

Regulations after writing off the original amount of the replaced

asset from the original capital cost.

PART-V

FINANCIAL PRINCIPLES

20. ARR for Transmission Business

20.1 Financial Prudence-

The Transmission Licensee or SLDC ,as the case may be, shall

manage its finances in an optimum and prudent manner

Provided that the Commission may disallow a part of the Aggregate

Revenue Requirement, as an efficiency measure, if it finds the exercise of

such prudence to have been deficient

Provided also that, in case its payment obligations to other entities

are not regularly met, the Transmission Licensee or SLDC, as the case

may be, shall provide justification for such shortfall with reference to its

cash flow statement.

20.2 The financial prudence with respect to capital expenditure

shall be assessed in terms of the following parameters:—

(a) mechanism put in place for monitoring the physical progress of

projects with respect to their original schedule;

(b) optimum drawal of loans in accordance with the physical

progress of the capital expenditure schemes, and efficient utilisation of

such loans;

10% of that approved by the Commission, the Transmission Licensee or

SLDC, as the case may be, shall submit detailed justification for such

excess along with its Petition for True-up ;

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

(d) in case any scheme has not been commenced during the year

despite the Commission’s approval, detailed justification shall be

submitted along with the Petition for True-up.

20.3 The Aggregate Revenue Requirement for the Transmission Licensee

or SLDC business, as the case may be, for each year of the Control

Period shall contain but not limited to the following items:

(a) Operation and Maintenance expenses;

(b) Return on Equity;

(d) Interest and finance charges on loan capital

(e) Interest on working capital

(f) Contingency Reserve;

(g) Bad debts, if any

(h) Non-Tariff Income

(i) Income from Other Business.

(j) Revenue from short-term transmission charges

21. Operation and Maintenance Expenses

(a) The Commission shall stipulate a separate trajectory of norms for

each of the components of O&M expenses viz., Employee cost,

Repair and Maintenance (R&M) expense and Administrative and

General (A&G) expense.

Provided that such norms may be specified for a specific

Transmission Licensee or a class of Transmission Licensees.

(b) Norms shall be defined in terms of number of personnel per ckt/km

(for different categories of transmission lines for e.g. 400 KV, 220

KV, 132 KV etc. Lines) and number of personal per bay (for different

categories of bay for e.g. 400 KV, 220 KV, 132 KV etc. Bays) along

with annual expenses per personnel for Employee expenses;

combination of A&G expense per personnel and A&G expense per

substation for A&G expenses and R&M expense as percentage of

gross fixed assets for estimation of R&M expenses.

policy and arrears paid due to pay commission recommendation

shall be excluded from the norms in the trajectory.

(d) The unforeseen expenses beyond the control of the Transmission

Licensee such as pay revision, shall be excluded from the norms in

the trajectory.

(e) The One-time expenses and the expenses beyond the control of the

Transmission Licensee shall be allowed by the Commission over

and above normative Operation & Maintenance Expenses after

prudence check.

(f) The norms in the trajectory shall be specified over the control

period with due consideration to productivity improvements.

(g) The norms shall be determined at constant prices of base year and

escalation on account of inflation shall be over and above the

baseline.

Provided that for the purpose of escalation based on Wholesale

Price Index(WPIn) and Consumer Price Index(CPIn), WPIn is to be

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

computed based on the average yearly inflation derived based on the

monthly Wholesale Price Index of the respective past three financial years

(including the year of Truing-up) as per the Office of Economic Advisor

Ministry of Commerce & Industry Government of India and CPIn is to be

computed based on the average yearly inflation derived based on the

monthly Consumer Price Index for Industrial Workers (all-India) of the

respective past three financial years (including the year of Truing-up) as

per the Labour Bureau Government of India, at the time of filing of

Petition.

Provided that in case the average yearly inflation derived based on the

monthly CPI and WPI indices is negative for a particular year, the same

will be excluded from the computation of yearly inflation

(h) The Transmission Licensee specific trajectory of norms shall be

identified by the Commission on the basis of absolute and relative

analysis.

(i) In absolute analysis, Transmission Licensee’s audited accounts of

operations for last three years, expenses claimed for control period,

historically approved cost, and prudence check shall be used by the

Commission to estimate values of norms.

(j) In relative analysis, performance parameters of other Transmission

Licensees within the same state or in other states, shall be

considered by the Commission to estimate norms.

Provided that other Transmission Licensees so chosen shall

have similar profile as that of the Transmission Licensee under

consideration in terms of consumer mix, type of license area (city, state,

etc.) type of substation, transmission networks, etc.

(k) Suitable average of outcomes of absolute and relative analysis shall

be taken by the Commission to fix the norms over the control

period for the Transmission Licensee.

21.1 Employee Cost

Employee cost shall be computed as per the approved norm

escalated by consumer price index (CPI), adjusted by provisions for

expenses beyond the control of the Transmission Licensee and one time

expected expenses, such as recovery/adjustment of terminal benefits,

implications of pay commission, arrears and Interim Relief, governed by

the following formula:

EMPn = (EMPb * CPI inflation) + Provision

Where:

EMPn : Employee expense for the year n

EMPb : Employee expense as per the norm

CPI inflation: is the average increase in the Consumer Price Index (CPI)

for immediately preceding three years

Provision: Provision for expenses beyond control of the Transmission

Licensee and expected one-time expenses as specified above.

Till the norms are specified by the Commission the employee cost shall

be determined on the basis of actual historical cost.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

21.2 Repairs and Maintenance (R&M) Expense

Repairs and Maintenance expense shall be calculated as percentage

(as per the norm determined) of Opening Gross Fixed Assets excluding

land cost for the year governed by following formula:

R&Mn = Kb * GFAn

Where:

R&Mn : Repairs & Maintenance expense for nth year

GFAn : Opening Gross Fixed Assets for nth year

Kb : Percentage point as per the norm

21.3 Administrative and General (A&G) Expense

A&G expense shall be computed as per the norm escalated by

wholesale price index (WPI) and Consumer Price Index (CPI) in the ratio

60:40 and adjusted by provisions for confirmed initiatives (IT etc.

initiatives as proposed by the Transmission Licensee and validated by

the Commission) or other expected one-time expenses, and shall be

governed by following formula:

A&Gn = (A&Gb * WPI inflation) + Provision

Where:

A&Gn: A&G expense for the year n

A&Gb: A&G expense as per the norm

WPI inflation: is the average increase in the Wholesale Price Index (WPI)

for immediately preceding three years

Provision: Cost for initiatives or other one-time expenses as proposed by

the Transmission Licensee and validated by the Commission. Till the

norms of A&G expenses is specified by the Commission, the actual

historical cost will be considered for determination of A&G expenses.

22. Return on Equity

(a) Return on equity shall be computed on 30% of the capital base or

actual equity, whichever is lower:

Provided that assets funded by beneficiary contribution,

capital subsidies/ grants and corresponding depreciation shall not form

part of the capital base. Actual equity invested in the Transmission

Licensee or SLDC, as the case may be, as per book value shall be

considered as perpetual and shall be used for computation in this

Regulation:

Provided further that the premium if any raised by the Licensee while

issuing share capital and investment of internal resources created out of

its free reserves, for the funding of the Scheme, shall be reckoned as paid

up capital for the purpose of computing return on equity, provided such

premium amount and internal resources are actually utilized for meeting

the capital expenditure of the transmission system, and are within the

ceiling of 30% of capital cost approved by the Commission.

(b) The return on the equity invested shall be allowed from the date of

start of commercial operation and after put to use:

project which is commissioned w.e.f. 01.04.2015 and further

incentive equivalent to 0.5% will be allowed in the form of RoE, if

the project is completed within schedule as per the Annexure A or

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

original schedule period as the case may be. However, Return on

Equity for the project commissioned prior to 01.04.2015 shall be

allowed at the rate of 14%.

23. Depreciation

(i) Depreciation shall be calculated for each year of the control period

on the original cost of the fixed assets of the corresponding year. No

advance shall be granted against depreciation.

(ii) Depreciation shall not be allowed on assets funded by capital

subsidies, beneficiary contributions or grants.

(iii) Depreciation shall be calculated annually on the basis of assets

capitalised and put to use based on the straight line method over

the useful life of the asset and at the rate not exceeding the rate

specified by the Central Electricity Regulatory Commission from

time to time.

The residual value of assets shall be considered as 10% and depreciation

shall be allowed to a maximum of 90% of the original cost of the asset.

The Transmission Licensee or SLDC, as the case may be, shall submit

separate

detail

fully

depreciated

asset

along

with

year

commissioning and year of attaining ninety percent depreciation with the

tariff petition.

Provided that freehold land shall not be treated as a depreciable

asset and its cost shall be excluded while computing 90% of the original

cost of the asset.

Provided further that the cost of lease hold land shall be amortised

evenly within the leased period.

(iv) The original capital cost of the asset shall include Additional

Capitalisation on account of Foreign Exchange Rate Variation as

allowed by the Government / Bihar Electricity Regulatory

Commission.

(v)

Depreciation shall be chargeable from the first year of operation of

the asset. For part of the year, depreciation shall be charged on pro

rata basis.

(vi) A provision of replacement of assets shall be made in the capital

investment plan.

(vii) The licensee(s) shall submit certified copy of the Asset Register

with the list of fully depreciated Transmission lines, substation,

transformers, etc. along with the details of disposed off assets and

amount received therefore with the tariff petition.

24. Interest and finance charges on loan capital

(a) The Transmission Licensee or SLDC, as the case may be, shall

provide detailed loan-wise, project wise and utilization-wise details

of all the loans.

(b) If the equity actually deployed is more than 30 % of the capital cost,

equity in excess of 30 % shall be treated as normative loan:

Provided that where equity actually deployed is less than

30% of the capital cost, the actual loan shall be considered for

determination of interest on loan:

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

normative loan in this Regulation.

(d) The normative loan outstanding as of 1^st April of control period

shall be computed by deducting the cumulative repayment as

approved by the Commission (basis as mentioned below) up to

31^st March of current period (a year before control period) from the

gross normative loan.

(e) The repayment for the control period shall be deemed to be equal to

the depreciation allowed for the year.

(f) Notwithstanding

any

moratorium

period

availed

the

Transmission Licensee or SLDC, as the case may be, the repayment

of the loan shall be considered from the first year of the control

period as per annual depreciation allowed.

(g) The rate of interest shall be the weighted average rate of interest

calculated on the basis of actual loan portfolio at the beginning of

each year of the control period, in accordance with terms and

conditions of relevant loan agreements, or bonds or non-convertible

debentures:

Provided that if no actual loan is outstanding but normative

loan is still outstanding, the last available weighted average rate of

interest shall be applicable.

Provided further that if no actual loan is outstanding but

normative loan is still outstanding and the last available weighted

average rate of interest is also not available, rate of interest equal to the

State Bank (one-year tenor) Marginal Cost of Funds-based Lending Rate

(‘MCLR’) shall be applicable.

Provided further that the interest on loan shall be calculated

on the normative average loan of the year by applying the weighted

average rate of interest:

Provided also that exception shall be made for the existing loans which

may have different terms as per the agreements already executed if the

Commission is satisfied that the loan has been contracted for and

applied to identifiable and approved projects:

(h) The Transmission Licensee or SLDC, as the case may be, shall

make every effort to refinance the loan as long as it results in net

benefit to the beneficiaries.

Provided that the cost associated with such refinancing shall

be eligible to be passed through in tariffs and the benefit on account of

refinancing of loan and interest on loan shall be shared in the ratio of

50:50 between the Transmission Licensee or SLDC and the beneficiaries.

Provided further that the Transmission Licensee shall

submit the calculation of such benefit to the Commission for its

approval.

(i) The Transmission Licensee shall enable tracking of the loans

converted into grants under schemes like BRGF, PSDF, APDRP, R-

APDRP, RGGVY, DDUGVY, RSVP, etc or any other loan from the

Central or State Government by providing information and data

regularly to the Commission, for enabling the Commission to

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

recover from Transmission Licensee or SLDC, as the case may be,

the amount of interest on loans which have been passed on to the

beneficiaries in the earlier years and have been converted into grant

subsequently so that the recovered amount is passed on to the

beneficiaries.

(j) Addition to loan during the year for interest purpose will be

restricted to the quantum of assets capitalized and put to use.

(k) The excess interest during construction on account of time and/or

cost overrun as compared to the approved completion schedule and

capital cost or on account of excess drawal of the debt funds

disproportionate to the actual requirement based on Scheme

completion status, shall be allowed or disallowed partly or fully on a

case to case basis, after prudence check by the Commission. The

transmission licensee shall endeavour to adhere the time schedule

for various transmission system in accordance with Annexure-A

appended for these regulations.

Provided that where the excess interest during construction is on

account of delay attributable to an agency or contractor or supplier

engaged by the Transmission Licensee, any liquidated damages recovered

from such agency or contractor or supplier shall be taken into account

for computation of capital cost:

Provided further that the extent of liquidated damages to be considered

shall depend on the amount of excess interest during construction that

has been allowed by the Commission.

(l) The above interest computation shall exclude interest on loan

amount, normative or otherwise, to the extent of capital cost

funded by Consumer Contribution, Deposit Works, Grants or

Capital Subsidy.

25. Interest during Construction (IDC), Incidental Expenditure

during Construction (IEDC):

(A)

Interest during Construction (IDC)

(i)

Interest during construction shall be computed corresponding to

the loan from the date of infusion of debt fund, and after taking into

account the prudent phasing of funds upto Scheduled Date of

Commercial operation (SCOD).

(ii)

In case of additional costs on account of IDC due to delay in

achieving the SCOD, the SLDC or the transmission licensee as the case

may be, shall be required to furnish detailed justifications with

supporting documents for such delay including prudent phasing of

funds.

Provided that if the delay is not attributable to the SLDC or the

transmission licensee as the case may be, and is due to uncontrollable

factors as specified in Regulation 8 of these regulations, IDC may be

allowed after due prudence check.

Provided further that only IDC on actual loan may be allowed beyond the

SCOD to the extent, the delay is found beyond the control of SLDC or the

transmission licensee, as the case may be, after due prudence and taking

into account prudent phasing of funds.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

(B) Incidental Expenditure during Construction (IEDC)

(i)

Incidental expenditure during construction shall be computed from

the zero date and after taking into account pre-operative expenses up to

Scheduled Date of Commercial operation (SCOD).

Provided that any revenue earned during construction period up to

SCOD on account of interest on deposits or advances, or any other

receipts may be taken into account for reduction in incidental

expenditure during construction.

(ii)

In case of additional costs on account of IEDC due to delay in

achieving the SCOD, the transmission licensee or SLDC as the case may

be, shall be required to furnish detailed justification with supporting

documents for such delay including the details of incidental expenditure

during the period of delay and liquidated damages recovered or

recoverable corresponding to the delay.

Provided that if the delay is not attributable to the transmission licensee

or SLDC as the case may be, and is due to uncontrollable factors as

specified in Regulation 8, IEDC may be allowed after due prudence

check.

Provided further that where the delay is attributable to an agency or

contactor or supplier engaged by the transmission licensee or SLDC, the

liquidated damages recovered from such agency or contractor supplier

shall be taken into account for computation of capital cost.

(iii)

In case the time over-run beyond SCOD is not admissible after due

prudence, the increase of capital cost on account of cost variation

corresponding to the period of time over run may be excluded from

capitalization irrespective of price variation provisions in the contracts

with supplier or contractor of the transmission licensee or SLDC.

26. Interest on working capital

(a) The Transmission Licensee shall be allowed interest on the

estimated level of working capital for the financial year, computed

as follows:

(i) Receivables equivalent to two (2) month of transmission charges

calculated on target availability level.

(ii) O&M Expenses of one (01) month.

(iii)Maintenance spares @ 40% of R&M expenses for one month.

Provided that for the purpose of Truing-up for any year, the working

capital requirement shall be re-computed on the basis of the values of

revised normative Operation & Maintenance expenses and actual

Revenue from Transmission Charges as reflected in the Audited Accounts

excluding incentive, if any, and other components of working capital

approved by the Commission in the Truing-up before sharing of gains

and losses.

Less:

(iv) Return on equity and contribution to contingency reserves

equivalent to two months.

(v) Amount of security deposits from Transmission System users, if

any, held during the year except the security deposits held in the

form of Bank Guarantee from Transmission System Users.

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

(b) Interest on working capital shall be on normative basis and rate of

interest shall be equal to the State Bank (one-year tenor) Marginal

Cost of Funds-based Lending Rate (‘MCLR’) as of the date on which

petition for determination of tariff is filed plus 150 basis points. The

rate of interest for the purpose of Truing-up shall be the weighted

average MCLR of the concern Financial Year plus 150 basis points.

(except the security deposit held in the form of Bank Guarantee)

from Transmission System Users at the Bank Rate (RBI Base Rate)

as at the date on which the application for determination of tariff is

filed. The interest allowed shall be subject to true up at weighted

average Bank Rate of the concern Financial Year.

(d) If the State Government is providing resource gap grant and/or

subsidy, the working capital shall be reduced by two months

equivalent of that amount.

27. Tax on Return on Equity

1) The base rate of return on equity as allowed by the Commission

under Regulation 22 shall be grossed up with the effective tax rate

of the respective financial year. For this purpose, the effective tax

rate shall be considered on the basis of actual tax paid in the

respect of the financial year in line with the provisions of the

relevant Finance Acts by the concerned transmission licensee or

SLDC, as the case may be. The actual tax on income from other

business including deferred tax liability (i.e. income on business

other than business of transmission or SLDC, as the case may be)

shall not be considered for the calculation of effective tax rate.

2) Rate of return on equity shall be rounded off to two decimal places

and shall be computed as per the formula given below:

Rate of pre-tax return on equity = Base rate / (1-t)

Where “t” is the effective tax rate in accordance with Clause (1) of this

regulation and shall be calculated at the beginning of every financial year

based on the estimated profit and tax to be paid estimated in line with

the provisions of the relevant Finance Act applicable for that financial

year to the company on pro-rata basis by excluding the income of non-

SLDC or non-transmission business, as the case may be, and the

corresponding tax thereon. In case of licensee/SLDC paying Minimum

Alternate Tax (MAT), “t” shall be considered as MAT rate including

surcharge and cess.

llustration:-

(i) In case of the licensee paying Minimum Alternate Tax (MAT) @ 20.96%

including surcharge and cess:

Rate of return on equity = 15.50/(1-0.2096) = 19.61%

(ii) In case of licensee paying normal corporate tax including surcharge

and cess:

(a) Estimated Gross Income from the licensee business for FY 2017-18 is

Rs 1000 crore.

(b) Estimated Advance Tax for the year on above is Rs 240 crore.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

= 24%

(d) Rate of return on equity = 15.50/ (1-0.24) = 20.39%

(3) The Licensee or SLDC, as the case may be, shall true up the grossed

up rate of return on equity at the end of every financial year based on

actual tax paid together with any additional tax demand including

interest thereon, duly adjusted for any refund of tax including interest

received from the income tax authorities pertaining to the tariff period

2022-23 to 2024-25 on actual gross income of any financial year.

However, penalty, if any, arising on account of delay in deposit or short

deposit of tax amount shall not be claimed by the Licensee or SLDC as

the case may be. Any under-recovery or over-recovery of grossed up rate

on return on equity after truing up, shall be recovered or refunded to

beneficiaries on year to year basis.

28. Contribution to Contingency Reserve

(a) If the Transmission Licensee or SLDC, as the case may be, has

made an appropriation to the Contingency Reserve, a sum not more

than 0.5 percent of the original cost of fixed assets at the beginning

of the year shall be allowed annually towards such appropriation in

the calculation of ARR.

Provided that where the amount of such Contingency Reserves

exceeds five (5) per cent of the original cost of fixed assets, no further

contribution shall be allowed.

Provided further that such contribution shall be invested in

securities authorised under the Indian Trusts Act, 1882 within a period

of six months of the close of the Year.

(b) The Contingency Reserve shall not be drawn upon during the term

of the license except to meet such charges as may be approved by

the Commission, such as following:

(i)

Expenses or loss of profits arising out of accidents, strikes or

circumstances which the management could not have prevented;

(ii)

Expenses on replacement or removal of plant or works other than

expenses required for normal maintenance or renewal;

(iii)

Compensation payable under any law for the time being in force

and for which no other provision is made:

Provided that such drawal from contingency reserve shall be

computed after making due adjustment for any other compensation that

may have been received by the Licensee as part of an insurance cover:

shall be allowed to be adjusted as a part of tariff.

29. Bad and Doubtful Debts :

Bad and Doubtful Debts shall be allowed as a legitimate business

expense provided the transmission licensee actually identifies and writes

off bad debts as per the transparent policy approved by the Commission.

In case there is any recovery of bad debts already written off, the

recovered bad debt will be treated as other income as an uncontrollable

item.

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

30. Delayed Payment Charge and Interest on Delayed Payment:

In case the payment of bills of transmission charges or SLDC Fees

and Charges by the Beneficiary, as the case may be, is delayed beyond a

period of 60 days from the date of billing, Delayed Payment Charge at the

rate of 1.25% per month on the billed amount shall be levied for the

period of delay by the Transmission Licensee or SLDC, as the case may

be, notwithstanding anything to the contrary as may have been

stipulated in the Agreement or Arrangement with the Beneficiaries or as

applicable in the Electricity (Late Payment Surcharge) Rules, 2021 in

case of Power Purchase Agreements, Power Supply Agreements and

Transmission Service Agreement.

31. Non-Tariff Income

(i)

All incomes being incidental to electricity business and derived by

the Licensee from sources, including but not limited to profit derived

from disposal of assets, rents, late payment surcharge, income from

investments other than contingency reserves, miscellaneous receipts

from the Beneficiaries, income to Licensed business from the Other

Business of the Transmission Licensee or SLDC, as the case may be,

shall constitute Non-Tariff Income of the Licensee.

Provided that the interest earned from investments made out of

Return on Equity corresponding to the regulated Business shall not be

included in Non-Tariff Income.

(ii)

The amount received by the Licensee on account of Non-Tariff

Income shall be deducted from the Aggregate Revenue Requirement in

calculating the net revenue requirement of such Licensee.

32. Income from Other Business

Where the Transmission Licensee is engaged in any other business

under Section 41, the income from such business will be deducted from

the Aggregate Revenue Requirement in calculating the revenue

requirement of the Licensee in the manner and in proportion as may be

specified by the Commission in BERC (Treatment of Income of Other

Businesses of Transmission Licensees and Distribution Licensees)

Regulations, 2013 and its amendments from time to time.

Provided that the Licensee shall follow a reasonable basis for

allocation of all joint and common costs between the Transmission

Business and the Other Business and shall submit the Allocation

Statement as approved by the Board of Directors to the Commission

along with the application for determination of tariff;

Provided further that where the sum total of the direct and

indirect costs of such Other Business exceed the revenues from such

Other Business or for any other reason, no amount shall be allowed to be

added to the Aggregate Revenue Requirement of the Transmission

Licensee on account of such Other Business.

33. Annual Transmission Charges (ATC)

33.1 The annual Transmission charges of the transmission system shall

be computed on annual basis, in accordance with norms contained in

these regulations, aggregated as appropriate, and recovered on monthly

basis as transmission charge from the users.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

33.2 The Transmission charge (inclusive of incentive/disincentive) for AC

system payable for a calendar month shall be:

ARR X (NDM/NDY) x (TAFM/NATAF)

Where;

NATAF= 98%

NDM = Number of days in the month

NDY = Number of days in the year

TAFM = Transmission System availability factor for the month, in percent

computed in accordance with Appendix-II.

34. Sharing of charges for Intra-State Transmission Network

34.1 The Aggregate Revenue Requirement of the Transmission Licensee,

as approved by the Commission, shall be shared by all long-term users

and medium-term users of the transmission system on monthly basis in

the ratio of their respective contracted transmission capacities to the

total contracted transmission capacity, in accordance with the following

formula:

TCn= (Transmission ARR net of incentive/disincentive) x (NDM/NDY) x

CCn/SCC

Where,

TCn = transmission charges for the month payable by the nth long-term

user or medium-term user of the transmission system;

Transmission

ARR

Aggregate

Revenue

Requirement

the

Transmission Licensee, determined in accordance with Regulation 68 of

these Regulations;

CCn = capacity contracted in MW by the nth long-term user or medium-

term user of the transmission system during the month;

SCC = sum of capacities contracted in MW by all long-term users and

medium-term users of the transmission system during the month:

NDM=Number of days in the month

NDY=Number of days in the year

Provided that the TCn shall be payable on monthly basis by each

long-term user or medium-term user of the transmission system and

shall be collected by the State Transmission Utility (STU).

35. Sharing of SLDC Charges

35.1 The SLDC Charges payable by the Transmission System Users

shall be computed in accordance with the following formula:-

SLDC Charges payable for a month SCn =(SC/12)*(ACn/SACn)

Where, SCn= SLDC charge payable by Transmission System users

SC= Approved SLDC Aggregate Revenue Requirement for the year

ACn= Actual installed capacity of n^th Transmission System users in case

of generating stations including RE generators /long term and medium

term contracted capacities in case of sellers/aggregated allocated

capacity and contracted capacity in case of distribution licensee/long

term contracted capacity in case of buyer.

SACn= Sum of actual installed capacity of nth Transmission System

users in case of generating stations including RE generators (within

Bihar), long term and medium term contracted capacities in case of

³⁴

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

sellers, aggregated allocated capacity and contracted capacity in case of

distribution licensee and long term contracted capacity in case of buyer.”

35.2 The SLDC Charges approved for the Year shall be equally spread

over the 12 months of the Year and SLDC Charges per MW per month

shall be computed by SLDC accordingly.

35.3 Notwithstanding anything contained in these regulations, the

Commission after conducting study and due regulatory process may

notify the revised sharing and recovery of annual transmission charges of

the transmission licensee.

36. Short-term bilateral transactions and short-term collective

transactions

36.1 For short-term bilateral transactions and short-term collective

transactions through power exchanges, the transmission tariff shall be

denominated in Rs/kWh and shall be:

Tc= ARR/Ei

Where Ei=total energy input into the intra-State transmission system

during the financial year.

36.2 The revenue from short-term open access charges for each yearly

period (t) of Control Period shall be taken to be same as that prevalent

during the yearly period one year before the commencement of the

Control Period. However, the adjustments due to variation in actual

revenue from short-term open access charges shall be undertaken during

annual truing up.

37. Separation of Transmission and SLDC functions

37.1 The Transmission Licensee shall separate its business into

transmission and SLDC functions, and segregate its accounts between

these two businesses, once the accounts of these two businesses are

segregated SLDC shall file a separate application for determination of its

fee and charges in accordance with these regulations.

Till the segregation of the accounts is completed, the Transmission

Licensee shall submit an Allocation Statement that contains the

apportionment of costs and revenues to that business. The Allocation

Statement, approved by the Board of Directors of the Licensee, shall be

accompanied with an explanation of the methodology for apportionment

which should be consistent over the Control Period.

37.2 SLDC charges shall be payable by various utilities as may be

determined by the Commission in accordance with these Regulations.

Provided that the RLDC Fees and Charges payable by the SLDC in

accordance with the relevant Orders issued by the Central Electricity

Regulatory Commission from time to time shall be allowed to be

recovered by the SLDC through the Fees and Charges as approved by the

Commission.

Provided further that, the ERPC Charges payable to the ERPC’s

Secretariat shall be allowed to be recovered by the SLDC through the

Fees and Charges as approved by the Commission.

37.3 The SLDC shall have to produce documentary proof towards

payment of such Charges at the time of Truing up.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Provided that any variation between the approved RLDC Fees and

Charges and ERPC Charges and that actually paid by the SLDC shall be

considered during the true-up as per audited accounts, subject to

prudence check and any other factor considered appropriate by the

Commission.

38. Incentive/Disincentive

38.1 The

Transmission

Licensee

shall

entitled

incentive/disincentive on account of deviation from target availability set

by commission. The transmission charges referred to in Regulation 33 of

these Regulations are inclusive of such incentives and disincentives on

account of availability of system.

38.2 Incentive shall be shared by the long-term and medium term

customers in the ratio of their respective contracted transmission

capacities to the total contracted transmission capacity.

39. Rebate

(1)

For payment of bills of the transmission licensee through

letter of credit on presentation or through NEFT/RTGS within a period of

2 days of presentation of bills by the transmission licensee, a rebate of

2% shall be allowed.

(2)

Where payments are made on any day after 2 days and

within a period of 30 days of presentation of bills by the transmission

licensee, a rebate of 1% shall be allowed.

40. Late Payment Surcharge: In case the payment of any bills for

charges payable under these Regulations is delayed by a beneficiary(ies)

beyond a period of 60 days from the date of billing a late payment

surcharge at the rate of 1.25% per month on billed amount shall be

levied for the period of delay by the

Transmission

Licensee,

notwithstanding anything to the contrary as may have been stipulated in

the Agreement or Arrangement with the Beneficiaries or as applicable in

the Electricity (Late Payment Surcharge) Rules, 2021 in case of Power

Purchase Agreements, Power Supply Agreements and Transmission

Service Agreement.

PART-VI

MISCELLANEOUS

41. Power to amend

The Commission may, at anytime, amend, alter or modify any

provision of these Regulations.

42. Power to remove difficulties

If any difficulty arises in giving effect to the provisions of these

Regulations, the Commission may, by general or specific order, make

such provisions not inconsistent with the provisions of the Act, as may

appear to be necessary for removing the difficulty.

43. Right to vary terms and conditions

The terms and conditions for determination of tariff specified in

these regulations are in the nature of general framework on the basis of

which the tariff shall be determined. The Commission reserves its right to

vary these terms and conditions, as and when deems fit.

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

44. Limitation of Power of Commission

Nothing in these regulations shall be deemed to limit the powers of

the Commission to deal with any matter or exercise any power under the

relevant Acts for which no regulations have been made / framed and to

make such orders as it may consider appropriate to meet the ends of

justice in any case.

45. Repeal and savings

(a) Save as otherwise provided in these regulations, BERC (Multi Year

Transmission Tariff and SLDC Charges) Regulations, 2018 are

hereby repealed.

(b) Notwithstanding

such

repeal,

any

proceedings

before

the

Commission pertaining to the period prior to the commencement of

this Control Period, including Petitions for True up of exercises,

annual performance review, etc. shall be governed by respective

previous regulations.

By order of the Commission,

Sd./Illegible,

Secretary.

Appendix-I

(See Reg. 16.2)

FORMAT FOR ISSUANCE OF AVAILABILITY CERTIFICATE BY SLDC

On the letterhead of SLDC

Ref:

..........

Date:

..........

Sub: Transmission System Availability Certificate

for......................... (Name of Transmission Licensee) for the

month……

Ref:

...

With reference to the above, SLDC has received the computation

transmission

system

availability

with

interruption

details

Transmission network for the month__________, computed in accordance

with the BERC (Multi Year Transmission Tariff) Regulations,2021.

The overall Transmission System Availability of the Transmission

network for the month _________, computed in accordance with

Appendix-II of the BERC (MYT) Regulations, 2021, and after considering

the provisions of BERC (MYT) Regulations, 2021, is ________________ %.

Authorised Signatory

Copy to ___________

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Appendix-II

(See Reg. 16.2)

Transmission system availability factor for a calendar month

(TAFM) shall be calculated by the respective Transmission Licensee

certified by the SLDC, separately for each AC and HVDC transmission

system and grouped according to sharing of transmission charges.

NAFM for A.C. and HVDC system / sub-systems shall be

calculated as follows:

% TAFM for AC system

o X AVo + p X AVp + q X AVq + r X AVr

= ----------------------------------------------------------X 100

o + p + q + r

% TAFM for HVDC system

s X AVs + t X AVt

= ----------------------------------X 100

S + t

Where

o = Total number of AC lines.

AVo = Availability of o number of AC lines.

p = Total number of bus reactors/switchable line reactors

AVp = Availability of p number of bus reactors/switchable line reactors

q = Total number of ICTs.

AVq = Availability of q number of ICTs.

r = Total number of SVCs.

AVr = Availability of r number of SVCs.

s = Total number of HVDC poles

AVs = Availability of s number of HVDC poles

t = Total number of HVDC back-to-back station blocks

AVt = Availability of t number of HVDC back-to-back station blocks

The weightage factor for each category of transmission elements shall be

as under:

(a) For each circuit of AC line – Surge Impedance Loading for

Uncompensated line (SIL) multiplied by ckt-km. As specified in

Annexure-B.

However, for the voltage levels and/or conductor configurations not listed

in Annexure-B, appropriate SIL based on technical considerations may

be used for availability calculation under intimation to long-term

transmission customers.

For compensated AC line, Surge Impedance Loading (SIL) shall be as

certified by the SLDC considering the compensation on the line.

For shunt compensated line the reduced value of SIL shall be taken in

accordance with the location of the reactor. Similarly in case of the lines

with series compensation the higher SIL shall be taken as per the

percentage of compensation.

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BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

(b) For each HVDC pole- The rated MW capacity x ckt-km.

(d) For SVC- The rated MVAR capacity (inductive and capacitive).

(e) For Bus Reactor/switchable line reactors – The rated MVAR capacity.

(f) For HVDC back-to-back station connecting two Regional grids/Intra

State Sub-Stations- Rated MW capacity of each block.

The availability for each category of transmission elements shall be

calculated based on the weightage factor, total hours under

consideration and non-available hours for each element of that category.

FORMULAE FOR CALCULATION OF AVAILABILITY OF EACH

CATEGORY OF TRANSMISSION

ELEMENTS

AVo(Availability of o no. of AC lines)=

∑

ௐ௜(்௜ି்ே஺௜)

்௜

଴

௜ୀଵ

∑

𝑊𝑖

଴

௜ୀଵ

൘

AVs(Availability of s no. of HVDC pole)=

∑

ௐ௝(்௝ି்ே

)

்௝

∑

𝑊𝑗

௦

௝ୀଵ

൙

௦

௝ୀଵ

AVq(Availability of q no. of ICTs)=

∑

ௐ௞(்௞ି்ே஺௞)

்௞

௤

௄ୀଵ

∑

𝑊𝑘

௤

௞ୀଵ

൘

AVr(Availability of r no. of SVCs)=

∑

0.5𝑊𝐼𝑙(𝑇𝐼𝑙−𝑇𝑁𝐴𝐼𝑙)

𝑇𝐼𝑙

௥

௟ୀଵ

+ ∑

0.5 𝑊𝑐𝑙(𝑇𝑐𝑙−𝐴𝐶𝑙)

𝑇𝑐𝑙

௥

௟ୀଵ

∑

0.5𝑊𝐼𝑙

௥

௜ୀଵ

+ ∑

0.5 𝑊𝑐𝑙

௥

௜ୀଵ

൙

AVp(Availability of p no. of Switched Bus Reactor)=

∑

𝑊𝑚(𝑇𝑚−𝑇𝑁𝐴𝑚)

𝑇𝑚

௣

௠ୀଵ

∑

𝑊𝑚

௣

௠ୀଵ

൙

AVt (Availability of t no. of HVDC Back-to back Blocks)=

∑

𝑊𝑛(𝑇𝑛−𝑇𝑁𝐴𝑛)

𝑇𝑛

௧

௡ୀଵ

∑

𝑊𝑛

௧

௡ୀଵ

൙

Where Wi = Weightage factor for ithtransmission line

Wj = Weightage factor for jth HVDC pole

Wk = Weightage factor for kth ICT

WIl&WCl = Weightage factors for inductive & capacitive operation of lth

SVC

Wm = Weightage factor for mth bus reactor

Wn = Weightage factor for nth HVDC back to back block

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Ti, Tj, Tk, TIl, TCl, -

The total hours of ith AC line,jth HVDC pole, kth

ICT, lth SVC Tm&Tn (Inductive Operation), lth SVC (Capacitive

Operation),mth Switched Bus Reactor &nth HVDC back-to-back block

during the period under consideration (excluding time period for outages

not attributable to transmission licensee .

TNAi ,TNAj , TNAk -

The non-availability hours (excluding the time

period for outages not attributable to transmission licensee taken as

deemed availability) for ith AC line, jth HVDC pole, KthICT, lth SVC

(Inductive Operartion), ith SVC (Capacitive Operation), mth Switched Bus

Reactor and nth HVDC back-to-back block.

TNAIl, TNACl, TNAm,

TNAn

Note :-

"Factors have been applied in the above formula of NAFM such that a 315

MVA transformer would have the same weightage as a 200 km long D/C

line with twin conductors, and a 50 MVAR switched reactor would have

one-fourth the weightage of a 315 MVA transformer. The transmission

lines shall have a weightage proportional to their circuit – km and number

of sub-conductors (to which the current carrying capacity is directly

proportional). Voltage has been omitted by design for the present, to

deliberately enhance the weightage for 220 kV and 132 kV lines (as they

are critical for supply to beneficiaries), and to suppress the weightage for

765 kV lines (since they presently carry power much below their

capability). The Commission may review and modify the formula when the

situation changes in future".

The transmission elements under outage due to following reasons

shall be deemed to be available:

Shut down availed for maintenance or construction of

elements of another transmission scheme. If the other

transmission scheme belongs to the Transmission Licensee,

SLDC may restrict the deemed availability period to that

considered reasonable for the work involved.

ii.

Switching off of a transmission Iine to restrict over voltage

and manual tripping of switched reactors as per the

directions of SLDC.

Outage

time

transmission

elements

for

the

following

contingencies shall be excluded from the total time of the element under

period of consideration.

Outage of elements due to acts of God and force majeure

events beyond the control of the Transmission Licensee. However, onus

of satisfying the SLDC that element outage was due to aforesaid events

and not due to design failure shall rest with the Transmission Licensee.

A reasonable restoration time for the element shall be considered by

SLDC and any additional time taken by the Transmission Licensee for

restoration of the element beyond the reasonable time shall be treated as

outage time attributable to the Transmission Licensee. SLDC may

consult the Transmission Licensee or any expert for estimation of

⁴⁰

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

reasonable restoration time. Circuits restored through ERS (Emergency

Restoration System) shall be considered as available.

Outage caused by grid incident/disturbance not attributable

to the Transmission Licensee, e.g. faults in substation or bays owned by

other agency causing outage of the transmission licensee's elements, and

tripping of lines, ICTs, HVDC, etc. due to grid disturbance. However, if

the element is not restored on receipt of direction from SLDC while

normalizing the system following grid incident/disturbance within

reasonable time, the element shall be considered not available for the

period of outage after issuance of SLDC's direction for restoration.

The format for issuance of Availability Certificate by SLDC is given

in Appendix-I.

Annexure – A

(See Regulation 24)

Time schedule for completion of various transmission system

Sl.

No.

Transmission Work

Plain Area

(months)

Difficult Hilly

Terrain / Forest

Area (months)

765 kV S/C Transmission line

+/-500 KV HVDC Transmission line

400 KV D/C Quad Transmission line

400 KV D/C Triple Transmission line

400 KV D/C Twin Transmission line

400 KV S/C Twin Transmission line

220KV D/C Twin Transmission line

220 KV D/C Transmission line

220 KV S/C Transmission line

132 KV D/C Transmission line

132 KV S/C Transmission line

132 KV/33 KV AC Sub-Station

New 220 KV AC Sub-Station

New 400 KV AC Sub-Station

New 765 kV AC Sub-Station

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

HVDC bi-pole terminal

HVDC back-to-back

Annexure – B

(see Appendix-II)

SURGE IMPEDANCE LOADING (SIL) OF AC LINES

Sr. No.

Line

voltage(kV)

Conductor Configuration

SIL (MW)

765

Quad Bersimis

2250

400

Quad Bersimis

691

400

Twin Moose

515

400

Twin AAAC

425

400

Quad Zebra

647

400

Quad AAAC

646

400

Triple Snowbird

605

400

ACKC(500/26)

556

400

Twin ACAR

557

10.

220

Twin Zebra

175

11.

220

Single Zebra

132

12.

132

Single Panther

13.

Single Dog

INDEX OF FORMATS S1 TO P12 FOR ARR & TARIFF FILING BY TRANSMISSION LICENSEES AND

THE SAME SHALL BE USED BY SLDC

Summary Formats

Profit & Loss Account

Balance Sheet

Cash flow statement

Financial Formats

Annual Revenue Requirement

Allotted Transmission Capacity and Charges to be paid by Long Term Transmission

Customers

Projection of Sales, Connected Load and Demand

Revenue at current tariff rates and at proposed tariff rates

Details of Transmission Lines and Substations including Investment plan

Normative Parameters Considered for Tariff Computations

Gross Fixed Assets(GFA) and Depreciation

User contributions and grants towards cost of capital assets

Details of Loans

F10

Details of Equity

F11

Interest, IDC & Financing Charges

F12

Details of Lease

⁴²

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

F13

Operations & Maintenance Cost

F14

Employee expenses

F15

R&M Expenses

F16

Administrative & General Expenses

F17

Short Term Open access consumers

F18

Details of Non-tariff Income

F19

Working Capital Interest

F20

Details of Income from Other Business

F21

Details of Expenses Capitalised

F22

Net Prior Period Expenses/Income & Extraordinary Items

F23

Contribution to Contingency Reserve, details of grant

F24

Allocation Statement of Expenses of SLDC

Performance Formats

Transmission Losses (For Transmission Licensee)

Energy Delivered by Transmission licensee to the Distribution Licensees/ Bulk consumers

at interface points

Details of Electrical Accidents

Abstract of Outages due to feeder tripping

Major System Disturbances

Frequency Variation

Voltage Fluctuation

Licensee wise Load shedding carried out during the year

Details of Overloaded Feeders

P10

Details of over loaded Transformers

P11

Failure of Transformers

P12

Key Ratios

Name of Transmission Licensee

Statement of Projected Profit and Loss

Form No: S1

Rs Crores

Particulars

Current

Year

(i. e. RE)

Ensuing

years (Projection)

(n+1)

(n+2)

(n+3)

Revenue/Income

Revenue from operations

a)Revenue from Transmission/Wheeling charges

-NBPDCL

-SBPDCL

-Others (Pl, specify)

Non-tariff income

Revenues through subsidies & grants (If any)

Any other Income

Total Revenue*

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Expenditure

Repair and Maintenance Cost

Employee costs

Administration expenses

Other Expenses

Extraordinary items (specify items)

Less: Expenses Capitalized

Depreciation and Related debits

Interest & Finance Charges

Less: Interest Capitalized

TOTAL EXPENDITURE (B+C+D)*

Profit/Loss (A-G)

* Pertaining to Transmission Business Only, SLDC shall file

separately

Signature of Petitioner

Name of Transmission Licensee

Projected Balance Sheet

Form No: S2

Rs Crores

Particulars

Current Year

(i. e. RE)

Ensuing

years (Projection)

(n+1)

(n+2)

(n+3)

Assets

Non-current assets

-------

Current assets

-------

Total Assets

EQUITY AND LIABILITIES

Equity

-------

LIABILITIES

-------

Total Equity and Liabilities

Signature of Petitioner

⁴⁴

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Projected Cash Flow Statement

Form No: S3

Rs Crores

Particulars

Current

Year

(i. e. RE)

Ensuing

years (Projection)

(n+1)

(n+2)

(n+3)

Cash flows from operating activities

Net (loss) / Profit

Adjustments For

----------

iii

----------

Net Cash flows from operating activities

Cash Flow from Investing Activities

----------

iii

----------

Net Cash used in Investing Activities

Cash Flow from Financing Activities

----------

iii

----------

Net Cash generated from Financing Activities

Total Cash generated/(lost)

Cash & Cash Equivalents as at beginning of the

Financial Year

Cash & Cash Equivalents as at end of the Financial

Year

Signature of Petitioner

Name of Transmission Licensee

Annual Revenue Requirement

Form No: F1

(Rs. Crores)

Particulars

Previous Year

Current

Year (i.

e. RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Energy Available (MU)

78700

II.

Energy Transmitted/Wheeled (MU)

75812

III.

Loss %

3.67%

IV.

Transmission Cost per unit (Rs/U)

#REF!

Total Transmission System Capacity (in

MW)

VI.

Transmission Cost per MW

VII.

Max Demand handled by the

transmission system (in MW)

Income from Transmission Function

Receipts

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Transmission/Wheeling Charges at

current tariff rates

Subsidy from Govt. (If any)

Total Receipts ( A)

Expenditure

O&M Expenses

Employee Expenses

R&M Expense

iii

A&G Expense

iv.

Share of Holding Company Expenses

Total O&M expenses ( i+ii+iii+iv)

Return on Equity

Depreciation

Interest and finance charges on Loan

Capital

Less: IDC, if any

Interest on Working Capital

Contribution towards Contingency

Reserve

Bad Debts

Total Expenditure ( B)

Other Deductions

Income from other Business

Non tariff income

Revenue from Short Term transmission

charges

Total Other Deductions ( C)

Net ARR for Transmission Function (

B-C)

Shortfall/Excess before tariff revision

impact (A-D)

Tariff Revision Impact

Shortfall/Excess after tariff revision

impact (E-F)

Note: The ARR of SLDC shall be filed separately by SLDC. Expenses will be net of Expenditure capitalized.

Signature of Petitioner

Name of Transmission Licensee

Form No: F2

Allotted Transmission Capacity and Charges to be paid by Long Term Transmission Customers

Allotted Transmission Capacity of Long Term Transmission Customers ( CL)

(In MW)

Particulars

Previous Year

Current

Year

(i. e.

RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Distribution Licensees

North Bihar Power Distribution Company

Limited

South Bihar Power Distribution Company

Limited

Others

ii.

⁴⁶

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Bulk Consumers/Long Term Open Access

Customers (If any)

Sum of Total Alloted Transmission

Capacity to all the long term

Transmission system customers (SCL)

Charges to be paid by Long Term Transmission Customers/month

Rs. Crore

Distribution Licensees

North Bihar Power Distribution Company

Limited

#REF!

South Bihar Power Distribution Company

Limited

#REF!

Others

#REF!

ii.

Bulk Consumers/Long Term Open

Access Consumers (If any)

Total

Name of Transmission Licensee

Projection of Sales, Connected Load and Demand

Form No: F3

A) Projection of sales (MU)

Particulars

Previous Year

Current

Year

(i. e. RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Distribution Licensees

North Bihar Power Distribution

Company Limited

South Bihar Power Distribution

Company Limited

Others

`-------

Bulk Consumers/Long Term

Open Access Consumers (If

any)

TOTAL

B) Projection of Connected Load (in KW)

Distribution Licensees

North Bihar Power Distribution

Company Limited

South Bihar Power Distribution

Company Limited

Others

`-----

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Bulk Consumers/Long Term

Open Access Consumers (If

any)

TOTAL

C) Projection of Maximum or Peak Demand (in MW) (Unrestricted)

Distribution Licensees

North Bihar Power Distribution

Company Limited

South Bihar Power Distribution

Company Limited

Others

`--

Bulk Consumers/Long Term

Open Access Consumers (If

any)

TOTAL

D) Projection of Minimum Demand (in MW)

Distribution Licensees

North Bihar Power Distribution

Company Limited

South Bihar Power Distribution

Company Limited

Others

`---

Bulk Consumers/Long Term

Open Access Consumers (If

any)

TOTAL

E) Projection of Average Demand (in MW)

Distribution Licensees

North Bihar Power Distribution

Company Limited

South Bihar Power Distribution

Company Limited

Others

`--

Bulk Consumers/Long Term

Open Access Consumers (If

any)

TOTAL

Signature of Petitioner

⁴⁸

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Revenue

Form No: F4

At Current Tariff Rates

Rs. Crores

Particulars

Previous Year

Current

Year

(i. e.

RE)

Ensuing

years (Projection)

Approved

in MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Distribution Licensees

North Bihar Power

Distribution Company

Limited

South Bihar Power

Distribution Company

Limited

Others

ii.

TOTAL

Bulk Consumers/Long

Term Open Access

Consumers (If any)

TOTAL

Grand Total

At Proposed Tariff Rates

Ensuing

years (Projection)

FY (n+1)

FY (n+2)

FY (n+3)

Distribution Licensees

North Bihar Power Distribution Company

Limited

South Bihar Power Distribution Company

Limited

Others

ii.

TOTAL

Bulk Consumers/Long Term Open Access

Consumers (If any)

TOTAL

Grand Total

Less

Tariff at Current Rates

Impact of Tariff Revision

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(a) Details of Transmission Lines and Substations

Form No: F5

Transmission Lines

Name of

line

Type of line

AC/ HVDC

S/C or

D/C

No. of

Sub-

conductor

Voltage

level kV

Line

length

Ckt.-Km.

Date of

Commercial

operation

/Put in use

(b) Substations

Name of

Sub-

station

Type of

Substation

Conventional

/ GIS

Voltage

level kV

No. of

transform

ers /

Reactors/

SVC etc

(with

capacity)

No. of

Bays

Date of

Commerc

ial

operation

/Put in

use

Covered in

this petition

(Yes/No)

*Note:- Information to be provided for Previous Year, Current Year & Ensuing Control Period

(c) Details of Installed Transformer at Substation

Sl.No

Voltage Ratio of

Transformer (kV/kV)

Details of Transformers

Total number

Total Capacity (MVA)

400/220

400/132

220/132

220/33

132/33

Note: Information required for Previous years, current year and Ensuing years

⁵⁰

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Form No: F5

(d) Investment Plan (Scheme-wise)

(Rs. in Cr.)

Name of scheme / Project

Name of line/ Sub-station etc

Approved

Outlay

Progressive

upto the

beginning of

previous year

Previous year

Current year

(RE)

Ensuing Years

(Projection)

Progressive

Capital

expenditure upto

the end of

ensuing year (s)

Approved in

MYT/RE

Actual*

Capitalization

Capital

Expenditure

(CWIP)

Approved in

MYT/RE

Capitalization

Capital

Expenditure

(CWIP)

Capitalization

Capital Expenditure

(CWIP)

Capitalization

Capital Expenditure

(CWIP)

Capitalization

Capital

Expenditure

(CWIP)

Capitalization

Capital

Expenditure(

CWIP)

Total

**Must be in agreement with the figures shown in audited account, otherwise a reconciliation statement must be accompanied.

* Please furnish seperately details regarding approval of Capital Investment under BERC (Procedure for Filing Capital Investment and

Capitalization Plan) Regulations, 2018 and indiacte the portion which is not approved under BERC (Procedure for Filing Capital Investment and

Capitalization Plan) Regulations, 2018.

Note:



The amount of grants and loans shall be furnished separately scheme wise and funding agency wise.



Additional column may be inserted(if required) for Ensuing Years (Projection).



All Information for previous year, current year (RE), Ensuing year must be in line with information approved in MYT/Business Plan (if any),

other-wise a statement showing complete details of variation must be accompanied.



CWIP shall mean Capital Work in Progress

(e) Investment Plan (Year-wise)

S.N

Year

Originally

proposed

Approved

by the

Commission

Revised

Revised approval

by the

Commission in

review

Actual

expenditure

ii) Information for the current year to be given in columns 1 to 5 co-relating the information given in

MYT/Business Plan (if any)

iii) Amount of grants and loans shall be furnished separately funding Agencywise and yearwise.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(f) Abstract of Capital Cost for the existing Project, Capital Cost Estimates and

Schedule of Commissioning for the New projects

Form No:F5

Rs Crores

Particulars

Previous Year

Current

Year

(i. e. RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

FY (n+1)

FY (n+2)

(n+3)

Capital Cost

Foreign Component

Foreign Exchange rate

considered for the admitted cost

Domestic Component

IDC including Financing

Charges

Capital cost admitted as on-------

(Give reference of the BERC

relevant Order with Petition No.

& Date )

Less : Capital

Expenditure(CWIP)

Less : User contributions and

Grants

Total Capital Cost admitted

Increase /Decrease due to

FERV

Capital Cost for Purposes of

ARR*

*Must be in agreement with the figures shown in Form No: F5 (page-2), otherwise a reconciliation statement

must be accompanied.

Note

1. Copy of approval letter should be enclosed. Deviation in capital cost and scope of work if any, must be

submitted in detailed.

2. Details of IDC & Financing Charges are to be furnished as per FORM- .

(g) Financial Package of Capital cost Admitted

Rs. Crores

Particulars

Capital Cost as

Approved

Capital Cost Incurred

Capital cost

Admitted

Currency

Amount

Currency

Amount

Currency

Amount

Loans

Loan-I

Loan-II

and so on

Total Loan

Equity

Foreign

Domestic

Total Equity

Total Capital cost

Debt : Equity Ratio

Provide details for True-up period, Current Year and each of ensuing years separately.

⁵²

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Form No: F5

(h) Capital Cost Estimates and Schedule of

commissioning for New Projects

Particulars

Present Day Cost

Completed Cost

Date of approval of the Capital cost estimates:

Price level of approved estimates

As of End of ________

Qtr. Of the year _________

As on Scheduled COD

of the Station

Foreign Exchange rate considered for the Capital

cost estimates

Capital Cost excluding IDC, FC, FERC & Hedging Cost

Foreign Component, if any (In Million US $ or the

relevant Currency)

Domestic Component (Rs. crores)

Capital cost excluding IDC, FC, FERC & Hedging

Cost (Rs. crores)

IDC, FC, FERC & Hedging Cost

Foreign Component, if any (In Million US $ or the

relevant Currency)

Domestic Component (Rs. crores)

Total IDC, FC, FERC & Hedging Cost (Rs.

crores)

Rates, taxes & duties considered

Capital cost Including IDC, FC, FERC & Hedging Cost

Foreign Component, if any (In Million US $ or the

relevant Currency)

Domestic Component (Rs. crores)

Capital cost Including IDC, FC, FERC & Hedging

Cost (Rs. crores)

Schedule of Commissioning

((Scheduled DOC elementwise))

-------------------------

---------------------------

COD of last Unit/ Block

Note:

1. Copy of approval letter should be enclosed.

2. Details of Capital cost are to be furnished as per

Form F5-5 or Form 14(Additional Capitalization)

applicable.

3. Details of IDC & Financing Charges are to be

furnished as per Form 20

Signature of Petitioner

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(i) Break-up of Project Cost for Transmission System

Form No: F5

Rs. Crores

Break Down

As per

original

estimates

Actual

capital

expenditure

( Opening )

Variation

(B-C)

Reasons

for

Variation

Transmission Line

Preliminary works

1.1

Design & Engineering

1.2

Priliminary investigation,Right of way,

forest clearance, PTCC , general civil

works etc.

Total Preliminary works

Transmission Lines material

2.1

Towers Steel

2.2

Conductor

2.3

Earth Wire

2.4

Insulators

2.5

Hardware Fittings

2.6

Conductor & Earthwire accessories

2.7

Spares

2.8

Erection, Stringing & Civil works

including foundation

Total Transmission Line Materials

Taxes and Duties

3.1

Custom Duty

3.2

Other Taxes & Duties

* Pertaining to Transmission Business

Only, SLDC shall file separately

Total -Transmission lines

Substations

Preliminary works & land

4.1

Design & Engineering

4.2

Land

4.3

Site preparation

Total Preliminary works & land

Civil Works

5.1

Control Room & Office Building

including HVAC

5.2

Township & Colony

5.3

Roads and Drainage

5.4

Foundation for structures

5.5

Misc. civil works

Total Civil Works

Substation Equipments

6.1

Switchgear (CT,PT, Circuit Breaker,

Isolator etc)

6.2

Transformers

6.3

Compensating Equipment (Reactor,

SVCs etc)

6.4

Control , Relay & Protection Panel

6.5

PLCC

6.6

HVDC package

⁵⁴

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

6.7

Bus Bars/ conductors/Insulators

6.8

Outdoor lighting

6.9

Emergency D.G. Set

6.1

Grounding System

6.1

Structure for switchyard

Total Substation Equipments

Spares

Taxes and Duties

8.1

Custom Duty

8.2

Other Taxes & Duties

Total Taxes & Duties

Total (Sub-station)

Construction and pre-commissioning

expenses

9.1

Site supervision & site admn.etc.

9.2

Tools and Plants

9.3

construction Insurance

Total Construction and pre

commissioning expenses

Overheads

Establishment

Audit & Accounts

Contingency

Total Overheads

Total Cost

IDC, FC, FERV & Hedging Cost

Interest During Construction (IDC)

Financing Charges (FC)

Foreign Exchange Rate Variation

(FERV)

Hedging Cost

Total of IDC, FC, FERV & Hedging

Cost

Capital Cost incl. IDC, FC, FERV &

Hedging Cost

Note:

1. In case of time & Cost over run, a detailed note giving reasons of such time and cost over run

should be submitted clearly bring out the agency responsible and whether such time & cost over

run was beyond the control of the transmission licensee.

2. Above statement to be provided separately for each transmission line commissioned during the

ARR period

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(j) Break-up of Construction/ Supply/ Service packages

Form No: F5

SL.

Particulars

----

Name/ No. of Construction / Supply /

Service Package (and Schemes/plan)

Scope of works¹(in line with head of

cost break-ups as applicable)

Whether awarded through ICB/DCB/

Departmentally/ Deposit Work

No. of bids received

Date of Award

Actual Date of Start of work

Original Scheduled date of Start of

work

Actual date of Completion of Work

Original Scheduled date of

Completion of work

Value of Award² in (Rs. Lakhs)

Firm or With Escalation in prices

Actual capital expenditure till the

completion or up to COD whichever

is earlier for work capitalized during

the period(Rs.Cr.)

- Taxes & Duties and IEDC (included

in above)

- IDC, FC, FERV & Hedging

Cost(included in above)

Actual capital expenditure till the end

of the period(Rs.Cr.) for Capital work

under progress

- Taxes & Duties and IEDC (included

in above)

- IDC, FC, FERV & Hedging

Cost(included in above)

Actual capital expenditure already

capitalized in earlier years(Rs.Cr.)

- Taxes & Duties and IEDC (included

in above)

- IDC, FC, FERV & Hedging

Cost(included in above)

Sub -total (10+11+12)

Note:

1. Above statement to be provided separately for each work commissioned during the period,

work under progress and part capitalization done in earlier years.

2. Statement as Per Form F5-6 to be duly reconciled with corresponding Cost Break Up to be

provided as per Form F5-5 , for each transmission line commissioned

during the True-up, Review and ARR period

* Pertaining to Transmission Business Only, SLDC shall file separately

Signature of Petitioner

⁵⁶

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(k) Statement of Additional Capitalization

Form No: F5

Rs. Crores

Year

Work/ Equipment

proposed to be

added after COD up

to Cut off Date/

Beyond Cut off Date

Amount

capitalised

and Proposed

to be

capitalised

Justification

Regulations

under which

covered

Admitted

Cost¹

Note:

1 Fill the form in chronological order year wise along with detailed justification clearly bring out the

necessity and the benefits accruing to the beneficiaries.

2 In case initial spares are purchased alongwith any equipment, then the cost of such spares should

be indicated separately.

* Pertaining to Transmission Business Only, SLDC shall file separately

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(l) Statement of Capital Works in Progress

Form No: F5

Rs. Crores

Particulars

Previous Year

Current

Year

(i. e.

RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

(n+1)

(n+2)

FY (n+3)

Opening Capital

Expenditure(CWIP)

Amount of IDC, FC, FERV

& Hedging cost included in

a above

Addition/Adjustment in

Capital Expenditure(CWIP)

during the period

Amount of IDC, FC, FERV

& Hedging cost included in

a above

Capitalization/Transfer to

Gross Fixed asset during

the period

Amount of IDC, FC, FERV

& Hedging cost included in

a above

Closing Capital

Expenditure(CWIP)

Amount of IDC, FC, FERV

& Hedging cost included in

a above

* Pertaining to Transmission Business Only, SLDC shall file separately

⁵⁸

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Form No: F5

(m) Capital Work-In-Progress (CWIP) ((Rs. Crores))

S.N

Particulars

Previous year

(Actuals)

Current year (RE)

Ensuing year (s)

(Projections)

Loan

Grant

Equity

Loan

Grant

Equity

Loan

Grant

Equity

Opening CWIP

New Investment

Less

Capitalization(a+b)

a) CWIP Capitalization

b) New Investment

capitalization

Closing CWIP (1+2-3)

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

Normative Parameters Considered for Tariff Computations

Form No: F6

Particulars

Previous Year

Current

Year

(i. e. RE)

Ensuing

years (Projection)

Approved

in MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Target Availability

AC System

HVDC bi-pole links

HVDC back-to-back

Stations

Normative O&M per

ckt.km, if any

Rs.

Crores

Normative O&M per bay,

if any

Rs.

Crores

0.25

Normative A&G expenses

per ckt.km, if any

Rs.

Crores

0.30

Normative A&G per bay,

if any

Rs.

Crores

0.10

Normative R&M

expenses

% of

GFA

Maintenance Spares for

Working Capital, if any

% of

O&M

40%

Receivables for Working

Capital

Months

Effective Rate of Return

on Equity

Base Rate of Reserve

Bank as on

________________

State Bank one-year

‘MCLR’ as on ___

Bank Rate as on ___

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(a) Reconciliation of Gross Fixed Assets(GFA) admitted with

Gross Fixed Assets(GFA) of Financial Account

Form No: F7

Rs. Crores

Particulars

Previous Year

Current

Year

(i. e. RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Gross Fixed Assets ( as at

beginning of the year):

1.GFA as per

(Financial/Statutory

Account)

2.Expenditure allowed but

not capitalized in

Financial/Statutory Account

3.Expenditure Capitalized in

Financial/Statutory Account

but not allowed.

4. Admitted GFA(1+2-3)

Addition/ adjustment to

Gross Fixed Assets

(During the year):

5.Expenditure capitalized in

Financial/Statutory Account

6.Expenditure allowed but

not capitalized in

Financial/Statutory Account

7.Expenditure Capitalized in

Financial/Statutory Account

but not allowed.

Gross Fixed Assets (as at

end of the year) Admitted by

the commission( 4+5+6-7)

Signature of Petitioner

⁶⁰

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Form No: 7

(b) Gross Fixed Assets (GFA) (Information to be supplied for the previous year (actuals), current year (RE) and the ensuring year (s) (projections)

(Rs. in Cr.)

S.N

Particulars(i.e

Assets Group)

GFA at the beginning of the

year

Addition to GFA during the

year

Adjustment to GFA on

account of assets

sold/discarded etc

GFA at the end of the year

Con

sum

Cont

ributi

gra

nts

Loa

Con

sum

Cont

ributi

gra

nts

uity

Con

sum

Cont

ributi

gra

nts

Loa

Con

sum

Cont

ributi

Loa

uity

Land and land

rights

Buildings

Hydraulic works

Other civil works

Plant and

Machinery

Lines and cable

network

Vehicles

Furniture and

Fixtures

Office equipment

Others, if any (pl.

specify)

Total

(c) Bifurcation of Fixed Assets into IDC and IEDC etc.

S.N

Particulars

Previous Year

Current

Year

(RE)

Ensuing

years

Approved in

MYT/RE

Actual

Opening Gross Fixed Assets

Additions in Gross Fixed Assets

Amount of IDC, FC, FERV & Hedging cost

included in B(a) above

Amount of IEDC (excluding IDC, FC, FERV

& Hedging cost) included in B(a)

* Pertaining to Transmission Business

Only, SLDC shall file seperately

Closing Gross Fixed Assets

(d) Bifurcation of Fixed Assets into Depreciable and Non-depreciable assets etc.

Gross fixed assets of the beginning of the

year

Less: Value of non depreciable assets (i.e

land)

Additions during the year

Less: Value of non depreciable assets (i.e

land)

3(i)

IDC, FC, FERV & Hedging cost

3(ii)

Amount of IEDC

Adjustment for assets sold/discarded etc

Closing GFA

Average GFA (Excluding Value of non

depreciable assets)

Weighted Average Rate of Depreciation

Gross Depreciation

Opening grants*

Grants* during the year

Adjustment for assets sold/discarded etc

Total Grants*

Average Grants*

Weighted Average rate of Depreciation

Depreciation for GFA on Grants

Net Depreciation of GFA(8-15)

*grants includes consumer contributions.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(e) Value of Depreciation Charges (Rs. Crores)

Form No: 7

S.N

Particulars (i.e

Assets Group)

Accumulated

Depreciation

Accumulated

depreciation at the beginning of

the year

charges during the year

depreciation adjustment on

account of assets

sold/discarded etc

depreciation at the end of

the year

Con

sum

Cont

ributi

grant

Loa

uity

Tot

Con

sum

Cont

ributi

uity

Tot

Consu

mer

Contri

bution

gra

nts

Loa

Tot

Con

sum

Cont

ributi

gra

nts

uity

Land and land

rights

Buildings

Hydraulic works

Other civil works

Plant and

Machinery

Lines and cable

network

Vehicles

Furniture and

Fixtures

Office

equipment

Others, if any

(pl. specify)

Total

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

(d) Statement of Assets Not in Use

Form No: F7

Rs. Crores

Financial Year*

Sl. No.

Date of

Acquisition/Installation

Historical

Cost/Cost

Acquisition

Date of

withdrawal

operations

Accumulated

Depreciation

on date of

withdrawal

Written

down

value on

date of

withdrawal

*Note:- Information to be provided for Previous Year, Current Year & Ensuing Control

Period

Signature of

Petitioner

⁶²

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

User contributions and grants towards cost of capital assets (Rs. Crores)

Form No: F8

Particulars

Previous Year

Current Year

Ensuing Year/years

Balance

at the

start of

the year

Addit

ions

Balanc

e at the

end of

the

Year

Addit

ions

Balanc

e at the

end of

the

Year

Additi

ons

Balance

at the end

of the

Year

User contributions Towards Cost

Of Capital Assets

Grant Towards Cost Of Capital

Assets

Total (1+2)

Amount utilized for Assets forming

part of Depreciable GFA

User contributions Towards Cost

Of Capital Assets

Grant Towards Cost Of Capital

Assets

Total (3+4)

Amount utilized for Assets forming

part of non-Depreciable GFA

User contributions Towards Cost

Of Capital Assets

Grant Towards Cost Of Capital

Assets

Total (5+6)

Amount remains un-utilized (A-B-C)

User contributions Towards Cost

Of Capital Assets

Grant Towards Cost Of Capital

Assets

Total (7+8)

Amount utilized for CWIP out of

"C" above

Amount kept in Bank out of "C"

above

Depreciation on assets created

out of grants (Admitted)

Depreciation. on assets created

out of grants (Financial/Statutory

Account)

* Pertaining to Transmission Business Only, SLDC shall file separately

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(a) Details of Loans for the year

Form No: F9

S.N

Particulars

Purpose

of loan

Opening

balance

Rate of

Interest

Additi

during

the

year

Repayment

during the

year

Closing

balance

Amount

interest

paid*

*The amount of penal interest, if any, to be shown separately.

(b) Further Details in case of Foreign Loans

S.N

Particulars

Date

Amount

(Foreign

Currency)

Exchange

Rate

Amount

in Rs.

Crore

Name of Currency

Loan drawal

Scheduled Principal

Repayment

Actual Principal

Repayment

Scheduled Interest

payment

Actual Interest payment

Period of hedging

Cost of hedging

* Pertaining to Transmission Business Only, SLDC shall file separately

Note: Information to be supplied separately for the previous year (actuals), current year(RE)

and ensuing years

(c) Information Regarding Restructuring of Outstanding Loans During the Year

S.N

Source of loan

Amount

original

loan

Old rate

interest

Amount

already

restructured

Revised

rate of

interest

Amount now

being

restructured

New rate

interest

⁶⁴

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(d) Domestic loans, bonds and financial leasing

Form No: F9

Rs. Crores

Sl.

No.

Particulars

Opening Balance at the

beginning of the year

Amount

received

during the

year

Principal

repayment

Interest

Closing Balance

Principal

not

overdue

Principal

overdue

Interest

overdue

Total

Due

Paid

Due

Paid

Principal

Interest

Overdue

LONG-TERM

LIC

REC

PFC

Bonds

Bank

APDRP

Any Other,

please specify

Sub Total (A)

SHORT-TERM

Sub Total (A)

Total (A+B)

*Note:- Loanwise information to be provided for Previous Year, Current Year & Control period. Also indicate

rate of interest and other conditions.

* Pertaining to Transmission Business Only, SLDC shall file separately

Signature of Petitioner

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Form No: F9

(e) Statement of Reconciliation of Net Actual Loan ( opening ) with Net Normative Loan

(Opening)

(Rs. In Crore)

Particulars

Previous

year

Current

year

(RE)

Ensuing Years

(n+1)

(n+2)

FY (n+3)

Net Actual Loan as per

Books of Accounts as on

Domestic

Foreign

Add: Repayment Made till

Date

Gross Actual Loan

Add: Equity considered

as normative loan

Gross Normative Loan

Less : Depreciation

Recovered as per ARR till

Date

Net Normative Loan

* Pertaining to Transmission Business Only, SLDC shall file separately

⁶⁶

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Details of Equity

Form No: F10

(a) Details of Foreign Equity

Rs. Crores

Particulars

Previous Year

Current Year (i. e. RE)

Ensuing

years (Projection)

Date

Amount

(Foreign

Currency)

Excha

nge

Rate

Amount in

Indian

Rupee

Date

Amount

(Foreign

Currency)

Exchange

Rate

Amount in

Indian

Rupee

Date

Amount

(Foreign

Currency)

Exchange

Rate

Amount

in Indian

Rupee

Currency1¹

Infusion

Currency2¹

Infusion

Total

1 Name of the currency to be mentioned e.g. US $, etc.

2 In case of equity infusion more than once during the year, Exchange rate at the date of each infusion to be

provided

(b) Details of Indian Equity

Rs. Crores

S.No.

Particulars

Previous Year

Current Year (i. e.

RE)

Ensuing

years (Projection)

Date

Amount

Date

Amount

Date

Amount

Infusion

Total

* Pertaining to Transmission Business Only, SLDC shall file separately

(c)

Total return on equity

Rs. Crores

Amount of total asset created

during the year

Less asset created from grant

Less asset created from users

contribution

Net asset Created

Amount of equity addition

Equity (Opening Balance)

Equity (Closing Balance)

Average Equity

Base rate of Return on

Equity%

Tax Rate ( Enclose detailed

calculation alongwith

supporting documents)%

Effective Rate of Return on

Equity

Return o Equity (Rs. In crore)

Equity entitled to incentive

Incentive

Additional Return

Total Return on Equity

(d) Details of total equity infused

S.No.

Particulars

Previous

year

Current

year

(RE)

Ensuing

Years

Shareholders’ Funds

Equity Share Capital

Share Premium utilized for

Capital Expenditure

Free Reserves utilized for

Capital Expenditure

Total Equity

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Interest and Finance Charges(Rs. Crores)

Form No: F11

S.N.

Source of loan

Purpose of

loan

year

(Actuals)

Current

year (RE)

Ensuing year

(s)

SLR Bonds

Non SLR Bonds

LIC

REC

PFC

Commercial Banks

Bills discounting

Lease rental

Others, if any (Please

specify)

Total

Add State Govt. Loan

Total (10 +11)

Less IDC

Net Interest

Add prior period

adjustment *

Total Interest

Finance charges

Total Interest and

finance charges

* Year-wise details should be submitted with documentary evidence. Further Rate of interest of

various loans to be indicated in a separate sheet.

* Pertaining to Transmission Business Only, SLDC shall file separately

Particulars

Quantum in

Foreign

currency

Exchange

Rate on

draw

down

date

Amount in

Indian

Rupee

Note: Drawal

of debt and

equity shall be

on paripassu

basis to meet

the

commissioning

schedule.

Drawal of

higher equity

in the

beginning is

permissible.

Also specify

basis of

allocation to

particular

project.

Loans

1.1

Foreign Loans

1.1.1

Foreign Loan 1

Draw down Amount

IDC

Financing charges

1.1.2

Foreign Loan 2

- -

Total Draw down

Amount

Total IDC

Total Financing charges

⁶⁸

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Interest (IDC) Capitalized

S.N.

Name of scheme

/Project

Source of

loan

Interest capitalized

As on

beginning

of previous

year

During

Previous

year

(Actuals)

During

Current

year

(RE)

During

ensuing

year (s)

Name of Transmission Licensee

Lease details(Rs. Crores)

Form No: F12

S.N

Name of

Lesser

Assets

Leased

Lease

Rentals

Primary

Period

Secondary

Descriptions

Gross

Amount

ended /

ending by

period ending

Note: Statement showing Cost benefits analysis of lease must be accompanied.

Name of Transmission Licensee

Operations & Maintenance Cost

Form No: F13

Rs. Crores

Sl.No

Particulars

Previous Year

Current

Year

(i. e. RE)

Ensuing

years (Projection)

Approved in

MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Repair &

Maintenance

Expenses

Employee

Expenses

Administrative and

General Expenses

Less :

Expenses

Capitalized

Net O&M

Expenses

Signature of Petitioner

* Pertaining to Transmission Business Only, SLDC shall file separately

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(a) Employee Expenses

Form No:F14

Rs. Crores

S.N

Particulars

Previous Year

Current Year(RE)

Ensuing Year (s)

Approved in

MYT/RE

Actual

Salaries & Allowances

(i)

Existing Employees

(ii)

New Employees

(ii)

Total

Contribution to

Terminal Benefits

(Accrual Basis)

Total of Salary &

Allowances and Terminal

Benefits

Amount Capitalised

Net Amount

Grand Total

Note:

(i)

Terminal benefits paid for the period before the date of reorganisation i.e. 01.11.2012, shall not

be considered.

(ii)

In respect of continuing employees as on the date of reorganisation and newly appointed

employees after re-organisation date the terminal benefits shall be allowed.

(iii)

In respect of item 6, a brief description to be appended.

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

(b) Consumer Price Inflation

Form No: F14

Particulars

PY 5

PY 4

PY3

PY 2

PY 1

Ensuing

years (Projection)

(n-5))

(n-4)

(n-3)

(n-2)

(n-1)

(n)

(n+1)

(n+2)

(n+3)

Annual Average CPI

Index

CPI Inflation

#####

Annual Average WPI

Index

WPI Inflation

Note

CPI and WPI Inflation computed for current year shall be considered for control period at the time of filing of

ARR.CPI inflation shall be determined at the time of truing up.

Signature of Petitioner

* Pertaining to Transmission Business Only, SLDC shall file separately

⁷⁰

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

(c) Employee Strength

Form No: F14

S.N

Particulars

Previous

year

(Actuals)

Current

Year

(R.E)

Ensuing

years

(Projection)

Number of employees at the

beginning of FY _______

Technical

Non Technical (Administration)

Non Technical(Revenue, Finance

and Accounts)

No. of employees added during

FY ______

Technical

Non Technical (Administration)

Non Technical(Revenue, Finance

and Accounts)

Number of employees retiring/

leaving during the FY_____

Technical

Non Technical (Administration)

Non Technical(Revenue, Finance

and Accounts)

Number of employees at the end

of the FY (1+2-3)

Technical

Non Technical (Administration)

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

Form No: F14

(d) Employees Productivity Parameters

(in Crore)

S.N

Particulars

Previous year

Current

Ensuing

Year (R.E)

years (Projection)

Approved

MYT/RE

(Actuals)

Number of employees

Number of Sub-stations

Total capacity of Sub-stations

(MVA)

Transmission line length in

ckt/km

Energy Received at STU-CTU

interface (Units)

Employees per MU of energy

handled (5/1)

Employees cost

Employees cost in paise / kWh

(7/5)

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

R&M Expenses

Form No: F15

Rs. Crores

Particulars

Previous Year

Current

Year (i.

e. RE)

Ensuing

years (Projection)

*Normative

/Approved

in MYT/RE

Actua

FY (n)

(n+1)

(n+2)

(n+3)

Average Gross Fixed Assets

Percentage point as per the norm

(%)

Repair & Maintenance Expenses

*Normative/Approved in MYT/RE: If norms are specified by the Commission for concern year, Normative

figures shall be given. In case norms are not specified latest approved figures in MYT or Revised

Estimate(RE) as the case may be shall be given.

Further details of component wise R&M Expenses

Particulars

Previous Year

Current

Year (i.

e. RE)

Ensuing

years (Projection)

*Normative

/Approved

in MYT/RE

Actual

FY (n)

(n+1)

(n+2)

(n+3)

Plant & Machinery

Building

Hydraulic works & civil works

Line cable & network

* Pertaining to Transmission

Business Only, SLDC shall file

separately

Furniture & fixtures

Office equipments

Any other expenses (please specify)

Total expenses

Less capitalized

Net Expenses

Total expenses charged to revenue

* Year-wise details of these charges may be provided with documentary evidence

⁷²

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Administration and General Expenses

Form No: F16

Rs. Crores

Particulars

Previous Year

Current

Year (i.

e. RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Rent, rates & taxes

Insurance

Telephone, postage & Telegrams

Consultancy fees

Technical fees

Other professional charges

Conveyance & travel expenses

Electricity & Water charges

Freight

Other material related expenses

Penalty/Fine Paid (if any)

Any other expenses (please specify)

Total expenses

Less Capitalised

Net expenses

Total expenses charged to revenue

* Year-wise details of these charges may be provided with documentary evidence.

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

Short Term Open Access Consumers

Form No: F17

Rs. Crores

Particulars

Previous Year

Current

Year (i.

e. RE)

Ensuing

years (Projection)

Approved

in MYT/RE

Actual

FY (n+1)

FY (n+2)

FY (n+3)

Number of Short Term Open

Access Customers

Amount

Retained by Licensee

Payable to Beneficiaries

Signature of Petitioner

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Details of Non-tariff Income

Form No: F18

Rs. Crores

Particulars

Previous Year

Current

Year (i.

e. RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

FY (n+1)

(n+2)

(n+3)

Profits derived from disposal of

assets

Rents

Income from Investments other

than Contingency reserves

Interest on Loans and Advances

to Lessors

Interest on Advances to

Suppliers / Contractors

Delayed Payment surcharge

Meter Rent

Miscellaneous Receipts from

consumers

Interest on loans and Advances

to Staff

Income/Fee/Collection against

staff welfare activities

Others, please specify

Total

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

Working Capital Interest

Form No: F19

Rs. Crores

Particulars

Previous Year

Current

Year (i.

e. RE)

Ensuing

years (Projection)

Approved

in MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Receivables equivalent to two (2)

month of transmission charges

calculated on target availability

level

0.00

O&M Expenses of one month

Maintenance spares@40% of

R&M expenses for one month

Less:

(i) Depreciation, ROE, and

contribution to contingency

reserve equivalent to two

months.

(ii) Security deposit if any, held

during the year

(iii) two months equivalent of

⁷⁴

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

grant received from the State

Govt.

Total Working Capital

Interest Rate

12.50%

Interest on Working Capital

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

Investments in Non business related activities

Form No: F20

Rs. Crores

Sl.

No.

Description of

investment

Balance at

the

beginning

of the year

Further

Investments

during the

year

Investments

realised

during the

year

Balance at

the end of

the year

Remarks

Details of Income from Other

Business (Rs. In Crore)

Particulars

Previous

year

Current

year (RE)

Ensuing Years

Receipts from other

Business

Less: Expenses from

other business

Revenue of other

Business

R=I-E

Assets of Licensed

business utilized in other

business

Total assets of other

business (including the

assets utilized of the

Licensed Business)

Allocation of Revenue to

Licensed Business

decided by the

Commission

III

Due to Licensed

Business (to be

deducted from ARR)*

X*(R*A/C)

Note:- Information to be provided for Previous Year, Current Year & each year of Control period

*In case Gross Receipts exceed expenditure of other business in (I) above (where Gross receipt is less

than expenditure of other business in (I) above no amount shall be deducted from ARR of Licensee).

* Pertaining to Transmission Business Only, SLDC shall file separately

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Details of Expenses Capitalised

Form No: F21

Rs. Crores

Sl.

No.

Particulars

Previous Year

Current

Year (i. e.

RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

(n+1)

(n+2)

FY (n+3)

Interest & Finance

charges Capitalised

175.69

Other expenses

capitalised:

a. Employee expenses

120.24

b. R&M Expenses

c. A&G Expenses

d. Depreciation

e. Others, if any

Total of 2

Grand Total

Signature of Petitioner

Name of Transmission Licensee

Net Prior Period Expenses / Income

Form No: F22

Rs. Crores

Sl.No.

Particulars

Previous Year

Current year (RE)

Income relating to previous years:

Interest income for prior periods

Income Tax prior period

Excess Provision for Depreciation

Excess Provision for Interest and Fin.

Charges

Other Excess Provision

Others (please specify)

Sub-Total A

Expenditure relating to previous

years

Employee Cost

Depreciation

Interest and Finance Charges

Admn. Expenses

Withdrawal of Revenue Demand

Material Related

Others (please specify)

Sub-Total B

Net prior period Credit/(Charges) : A-

* Pertaining to Transmission Business Only, SLDC shall file separately

Sl.No.

Particulars

Extraordinary Credits

⁷⁶

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

TOTAL CREDITS

- -

Extraordinary Debits

TOTAL DEBITS

- -

Name of Transmission Licensee

Form No: F23

Contribution to Contingency Reserve(Rs. Crores)

S.N

Particulars

Amount

Fixed Assets

%age appropriation to the contingency reserve

Appropriation to the contingency amount

Amount invested in securities

Drawal from the contingency reserve (Please specify)

(i)

(ii)

(iii)

Total drawal

Information Regarding Grant/Subsidy from State Govt/Central Govt.

S.N

Particulars

Year

Current

Year

Ensuing

Years

Amount from State Govt.

i) Purpose for which grant received

(a)

(b)

ii) Targeted categories for subsidy

* Pertaining to Transmission Business Only, SLDC shall file

separately

(b)

Amount from Central Govt.

i) Purpose for which grant received

(a)

(b)

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Allocation statement of Expenses of SLDC

Form No: F24

Rs. Crores

Particulars

Previous year

Current Year

Ensuing Years

Total

Expe

nses

STU

Allo

cate

d %

SLDC

Share

Total

Expe

nses

STU

Alloc

ated

SLDC

Share

Total

Expen

ses of

STU

Alloc

ated

SLDC

Share

Expenditure

O&M Expenses

R&M Expense

Employee Expenses

iii

A&G Expense

Total O&M expenses

( i+ii+iii)

Depreciation

Interest on Loan

Return on Equity

Others, please specify

Total Expenditure

⁷⁸

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Transmission Losses (For Transmission Licensee)

Form No: P1

S.No.

Details

Previous Year

Current Year

Ensuing Years

Losses in 400 KV system

Total Energy delivered by Generating

Stations and Inter State/Intra State tie-

links at the interface points of the Intra

State Transmission system

Energy Delivered to next (Lower) Voltage

level of the Transmission System

Sum of all the energy delivered at this

voltage level to the State Distribution

System

Transmission loss in system (A1-A2-A3)

Transmission loss in (Transco) system

(%) {A4/A1} x 100

Losses in 220 KV system

Previous Year

Current Year

Ensuing Years

Total Energy delivered by Generating

Stations and Inter State/Intra State tie-

links at the interface points of the Intra

State Transmission system

Energy Delivered to next (Lower) Voltage

level

Sum of all the energy delivered at this

voltage level to the State Distribution

System

Transmission loss in system (B1-B2-B3)

Transmission loss in (Transco) system

(%) {B4/B1} x 100

Loss Calculation at 132 KV

Previous Year

Current Year

Ensuing Years

FY (n-1)

FY (n)

FY (n+1)

* Pertaining to Transmission Business

Only, SLDC shall file separately

Energy Delivered to next (Lower) Voltage

level

Sum of all the energy delivered at this

voltage level to the State Distribution

System

Transmission loss in system (C1-C2-C3)

Transmission loss in (Transco) system

(%) {C4/C1} x 100

Total Losses in the Transmission

system

Previous Year

Current Year

Ensuing Years

Total Energy delivered by Generating

Stations and Inter State tie-links at the

interface points of the Intra State

Transmission system

Sum of all the energy delivered by the

Transmission system in to the State

Distribution System

Transmission loss in system (D1-D2)

Transmission loss in (Transco) system

(%) {(D3/D1) x 100}

Signature of Petitioner

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Energy Delivered by Transmission licensee to the Distribution Licensees/

Bulk consumers at interface points

Form No:P2

Voltage level

Name of Sub-

Station

Distribution Licensee / Bulk Consumer

Total Energy

delivered

NBPDCL

SBPDCL

Others,

specify

MUs

220 KV

iii

132 kV

iii

33 kV

iii

* Pertaining to Transmission Business Only, SLDC shall file separately

Total for all

voltages

Details to be provided for previous years, current year and for each year of control period.

Name of Transmission licensee

Details of Electrical Accidents

Form No:P3

Type of Accident

Previous Year

Current year (RE)

No. of Accidents

Fatal

Non Fatal

Total

Fatal

Non Fatal

Total

Human

Other, if any, (please specify)

Total

* Pertaining to Transmission Business Only, SLDC shall file separately

⁸⁰

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of the Transmission Licensee

Abstract of Outages due to feeder tripping

Form No: P4

SNo.

Detail

Previous Years

Current Years

Ensuing Years

No. of

feeders

No. of

trippings

Total

Duration

Trippings

(hrs.)

Average

duration

interrupt

ion per

feeder

No. of

feeders

No. of

trippings

Total

Duration

Trippings

(hrs.)

Average

duration

interrupti

on per

feeder

No. of

feeders

No. of

trippings

Total

Duration

Trippings

(hrs.)

Average

duration of

interruption

per feeder

Feeder

voltage

Level

(400

KV)

Feeder

voltage

Level

(220

KV)

Feeder

voltage

Level

(132

KV)

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

Major System Disturbances

Form No: P5

No.

Disturbances

Previous Years

Current

Years

Ensuing Years

Number

Total

Duration

(Hrs.)

Number

Total

Duration

(Hrs.)

Number

Total

Duration

(Hrs.)

Disturbances when DISCOM

supply has been effected for

more than 1 hr.

Due to 400 kV transformer

failures

Due to 400 kV transmission

line outage

iii

Due to 400 kV sub-station

equipment (CT, CVT etc.)

failure

Due to 220 kV transformer

failure

Due to 220 kV transmission

line failure

Due to 220 kV sub-station

equipment (CT, CVT etc).

failure

vii

Due to 132 kV transformer

failure

viii

Due to 132 kV transmission

line failure

Due to 132 kV sub-station

equipment (CT, CVT etc).

failure

Estimated unserved energy

due to such interruptions

Other Transmission

disturbances when DISCOM

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

supply has got effected

iii

* Pertaining to Transmission Business Only, SLDC shall file separately

Name of Transmission Licensee

Frequency Variation

Form No:P6

Sl.

No.

Frequency

Previous Years

Current Years

Ensuing Years

No. of

Hours

percentage

of total

hours in

the year

(%)

No. of

Hours

percentage

of total

hours in

the year

(%)

No. of

Hours

percentage

of total

hours in the

year (%)

Above 50.5 Hz

50.5 - 5.2 Hz

50.2 - 49.8 Hz

49.8 - 49.5 Hz

49.5 - 49.0 Hz

49.0 - 48.5 Hz

Below 48.5 Hz

* Pertaining to Transmission Business Only, SLDC shall file separately

⁸²

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Voltage Fluctuation

Form No: P7

Name of Sub-

Station

Transf

ormat

ion

Capac

ity

Reactive

Compensati

provided

Previous Year

Current Year

Ensuing Years

Time during which voltage in an year

More than

upper limit in

%age

Between

upper &

lower limit

Less than

lower limit in

%age

More than

upper limit in

%age

Between upper

& lower limit

Less than

lower limit in

%age

More than

upper limit in

%age

Between

upper &

lower limit

Less than

lower limit in

%age

Hou

%ag

Hou

%ag

Hou

%ag

Hou

%age

Hours

%age

Hou

%ag

Hou

%ag

Hours

Hou

%age

400 kV level

iii

220 kV Level

iii

132 kV level

iii

* Pertaining to Transmission Business Only, SLDC shall file separately

Note:

Upper Limit is 420KVrms and lower limit is 360KVrms in case of 400 kv level

Upper Limit is 245KVrms and lower limit is 200KVrms in case of 220 kv level

Upper Limit is 145 kVrms and lower limit is 120 KV rms in case of 132 kv level

Name of Transmission Licensee

Licensee wise Load shedding carried out during the year

Form No: P8

No.

Particulars

NBPDCL

SBPDCL

Load shedding during the Year (In Hrs.)

On SLDC's instructions

To control excess drawal

To control equipment damage

Under force majeure conditions

Due to maintenance or outage of own network

Any other reason

Total load shedding for the Year

Details to be provided for previous two years, base year and for each year of control period.

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Details of Overloaded Feeders

Form No:P9

S.No.

Voltage Level

No. of

feeders

Feeder

length

(ckt. Km.)

No. of

feeders

overloaded

Line length

overloaded

feeders

(ckt. Km.)

% number of

Overloaded

feeders in

Area

% length of

overloaded

feeders in

Area

Previous Year

400 KV

220 KV

132 KV

Current Year

400 KV

220 KV

132 KV

* Pertaining to Transmission Business Only, SLDC shall file separately

Note:

Equipment considered as overloaded if carrying more than 110% of rated load for average 1 hour per day.

Details to be provided for previous two years, base year and for each year of control period.

Signature of Petitioner

⁸⁴

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission licensee

Details of over loaded Transformers

Form No.: P10

Sl.

No.

Rated Voltage

Previous Years

Current Years

Ensuing Years

Rated

Capacity

Actual Load

Transformer

% of

Transform

ers over

loaded

Rated

Capacity

Actual Load

Transformer

% of

Transforme

rs over

loaded

Rated

Capacity

Actual Load

Transformer

% of

Transfor

mers

over

loaded

400/220/33 KV

Transformers

Capacity

iii

Total

220/132/33KV

Transformers

Capacity

iii

Total

220/132KV

Transformers

* Pertaining to

Transmission Business

Only, SLDC shall file

separately

iii

Total

132/33KV

Transformers

Capacity

iii

Total

Note:- Details may be submitted Area wise (Circle wise).

Signature of Petitioner

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Failure of Transformers

Form No: P11

No.

Transformation

ratio

Previous Years

Current Years

Ensuing Years

Total No. of

Transformers

No. of

failures

Total

Duration of

failure

(hrs.)

Total No. of

Transformers

No. of

failures

Total

Duration

of failure

(hrs.)

No. of

Transformers

No. of

failures

Total

Duration

of failure

(hrs.)

400/220/33 KV

Transformers

Capacity

iii

Total

220/132/33KV

Transformers

Capacity

iii

Total

220/132KV

Transformers

* Pertaining to

Transmission

Business Only,

SLDC shall file

separately

iii

Total

132/33KV

Transformers

Capacity

iii

Total

⁸⁶

BIHAR GAZETTE (EXTRA) 25TH JANUARY 2022

Name of Transmission Licensee

Key Ratios

Form No: P12

S.No

Particulars

Previous Year

Current Year

Ensuing Years

Financial & Material

Management

Annual capital expenditure/net

book value

Total Transmission cost/Energy

Transmitted

Employee cost as a percentage

of total cost

Operating expenses / Revenue

from Transmission of power

Cost of capital invested

Debt Service Coverage Ratio

Cost of total Stores Inventory/100

Km of transmission lines

Working Capital to Revenue from

Transmission of power

HR Management

Energy Transmitted (MU) per

Employee

Total line length/employee (Km.)

Connected Load per Employee

(MVA)

Transmission Income per

Employee

Training participation days per

employee

Operational Performance

Unplanned outage/total outage

(Fault breakdown / total outage)

* Pertaining to Transmission

Business Only, SLDC shall file

separately

Signature of Petitioner

————

PUBLISHED AND PRINTED BY THE SUPERINTENDENT,

BIHAR SECRETARIAT PRESS, PATNA.

Bihar Gazette (Extra) 36—571+10—Egazette

Website: http://egazette.bih.nic.in