REGISTERED NO. PT.-40

EXTRA ORDINARY

PUBLISHED BY AUTHORITY

13 KARTIKA 1946(S)

(NO.PATNA 1060) PATNA, MONDAY, 4TH NOVEMBER 2024

BIHAR ELECTRICITY REGULATORY COMMISSION

———

NOTIFICATION

30^th October 2024

No.- BERC-SMP No-16/2024-03—In exercise of powers conferred by sub section (1) of

section 181 and clauses (zd), (ze) and(zf) of sub section (2) of section 181, read with sections 32,

61, 62, and 86, of the Electricity Act, 2003 (36 of 2003) and all other powers enabling it in that

behalf, the Bihar Electricity Regulatory Commission (herein after referred as “Commission” or

“BERC” hereby makes the following Regulations.

PART-I

PRELIMINARY

Short Title, Commencement and Extent.

1.1

These Regulations shall be called the Bihar Electricity Regulatory Commission

(Multi Year Transmission Tariff and SLDC Charges) Regulations, 2024.

1.2

These Regulations shall come into force from the date of its notification in the

Official Gazette.

1.3

These Regulations shall extend to the whole of the state of Bihar.

Scope and Extent of Application

2.1

These Regulations shall apply to all the Transmission Licensees and SLDC in

the State of Bihar

2.2

These Regulations shall be applicable for determination of transmission tariff

and SLDC charges in all cases covered under these Regulations from 1st April

2025 and onwards up to FY 2027-28 (i.e. till 31st March 2028) or till these

Regulations are amended.

2.3

These Regulations shall be applicable where the cost based/ Aggregate Revenue

Requirement (ARR) based tariff is determined by the Commission.

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These Regulations shall not be applicable where 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: -

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

2. “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/ balance sheet, prepared in accordance with the

form contained in the Companies Act, 1956 or Companies Act,

2013, as applicable;

(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/ profit and loss account, complying with the

requirements contained in the Companies Act, 1956 or Companies

Act, 2013, as applicable;

(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/ cash flow statement, prepared in accordance with

the applicable Accounting Standards of the Institute of Chartered

Accountants of India;

(iv)

report of the statutory auditors;

(v)

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

by the Commission and unregulated business operations;

(vi)

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 in accordance with the Licence conditions, and for each

regulated Business.

Provided also 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) 2025-26 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 also that 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:

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

3. “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.

4. "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;

5. "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;

6. “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 Businesses of the Transmission Licensee, together with

a description of the basis of the apportionment or allocation;

7. "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;

8. "Auditor" means an auditor appointed by 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;

9. "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. "Beneficiary(ies)"

in relation to a Transmission Licensee, the Transmission System

Users;

in relation to the SLDC, the Generators including RE Generators

with Long term Access/Medium term Access, the Distribution

Licensees and Open Access consumers who utilise the Intra-State

Transmission system for transmission of electricity and / or utilise

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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;

13. "Books of Accounts" for the purpose of licensed or regulated business

shall mean Regulatory Books of Accounts drawn up in accordance with

BERC (Power Regulatory Accounting) Regulations, 2018 as amended

from time to time;

14. “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;

15. "Change in Law" means occurrence of any of the following events:

enactment, bringing into effect or promulgation of any new Indian

law; or

adoption, amendment, modification, repeal or re-enactment of any

existing Indian law; or

change in interpretation or application of any Indian law by a

competent court, Tribunal or Indian Governmental Instrumentality

which is the final authority under law for such interpretation or

application; or

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

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;

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

levied by the Central or any State Government;

16. “Charges” means payments to be collected by the Transmission Licensee

or SLDC for the services rendered by it;

17. "Commercial Operation Date" 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 Put into

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

of such transmission system or an element thereof;

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 comprising of three Years

from April 1, 2025 to March 31, 2028 and as may be extended 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

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

of the project developer;

23. “De-capitalisation” means the reduction in Gross Fixed Assets

corresponding to the removal of assets as approved by the Commission;

24. "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;

25. "Expenditure” means reasonable and prudently required expenditure

incurred on the following:

salaries and wages of staff, welfare expenses excluding

management remuneration covered below;

Directors remuneration, fees, expenses including facilities;

salaries and wages of corporate office / registered office;

financing cost excluding penal interest / charges;

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

interest on temporary accommodation to the extent of approved

unrealized arrears from the consumers;

interest on working capital;

Return on equity;

financing charges applicable to operational account;

interest on security deposits (except the security deposits held in

the form of Bank Guarantee) from transmission System Users;

Impact of variation in foreign exchange rate in case of foreign

currency loan taken with due approval and is not capitalised;

Depreciation;

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

profits;

Legal charges;

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;

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;

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

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;

26. "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;

27. "Financial Year" means a period commencing on 1st April of a calendar

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

28. "Force Majeure Event" for the purpose of these regulations means the

event or circumstance or combination of events or 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, inspite of the transmission licensee taking reasonable care

or complying with prudent utility practices:

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; or

Any act of war, invasion, armed conflict or act of foreign enemy,

blockade, embargo, revolution, riot, insurrection, terrorist or

military action; or

Industry wide strikes and labour disturbances having a nationwide

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

Any shutdown/ interruption of the grid which is directed by the

SLDC in exercise of functions prescribed under section 32 of the

Electricity Act, 2003;

29. “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;

30. “Income” shall include all income from any sources but shall not be

limited to the following:

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;

Rental of meters, plant, equipment and other apparatus hired to the

consumers;

Income from services to consumers by way of repair or any sale or

other service other than capital receipts;

Interest on investments, bank balances including fixed and call

deposits and any other income in the form of interest;

Profit on sale of assets;

Wheeling of energy;

Non tariff income;

Income from other business;

Any receipt or refund from other sources against any expense or

likely expense which has been earlier allowed as expense in the

tariff;

All other general receipts arising from and ancillary or incidental to

the business of electricity supply;

Other general receipts in terms of Act / Regulations including use of

assets for other business whether actually recovered or not;

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31. “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;

32. “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;

33. "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;

34. "License" means a License granted by the Commission under Section 14

of the Act;

35. "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;

36. “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;

37. “Non-Tariff Income” means the income relating to the regulated

business other than from Tariff, excluding any income from Other

Business;

38. "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 on man-power,

repairs, maintenance spares, consumables, insurance and overheads;

39. "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;

40. "Project" includes transmission system comprising of specified

transmission lines, sub - stations and associated equipment;

41. "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);

42. "Scheduled Commercial Operation Date" or "SCOD" shall mean the

date(s) of commercial operation of a transmission system or element

thereof and associated communication system as indicated in the

Investment Approval or as agreed in transmission service agreement as the

case may be, whichever is earlier;

43. "State Government" means Government of Bihar.

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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 of a 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 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 an 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 Transmission System and communication

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.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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:

i. 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;

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 i. e. FY 2025-26 to FY 2027-28, by way of a

separate petition along with the tariff petition for the first year of the Control

Period i.e. 2025-26 for approval of the commission. The petition for approval of

Business Plan shall be filed in accordance with BERC (Conduct of Business)

Regulations, 2005 as amended from time to time, accompanied by such fee

payable, as specified in the BERC (Fees, Fines and Charges) Regulations, 2019

as amended from time to time.

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 that 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 also 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.

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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 Investment and

Capitalization Plan) Regulations, 2018, as amended from time to time that will

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

may be completed within or beyond the control 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 thatit 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, as amended

from time to time. 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.—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.

The variables under this regulation 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.

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.

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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;

c) Taxes and Duties;

d) Land acquisition-except where the delay is attributable to the transmission

licensee.

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/ inefficiencies 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;

c) Variation in Interest and Finance Charges, Return on Equity,

and Depreciation on account of variation in capitalisation as specified in

clause (b) above;

d) Variations in transformation and transmission losses;

e) Variation in performance parameters;

f) 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.

g) Variation in operation & maintenance expenses, except those attributable

to directions of the Commission or to change in Government policy/law;

h) 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 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 separately for aggregate

gain and aggregate loss in the following manner:

a) Aggregate gain:

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;

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

b) Aggregate Loss:

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 that 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.

10.3

In case, there are other regulations which specifies for incentive/disincentive,

gains/losses will not be shared under this regulation.

10.4

In cases where the O&M norms are not approved by the Commission and the

O&M expenses are allowed based on the Audited Books of Accounts, there

shall be no sharing of losses and gains

PART-III

PROCEDURE

11. Procedures relating to making of an application for approval of Business plan and for

determination of Tariff

11.1

The application (alongwith soft copy) for approval of the Business Plan shall

be made 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.

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;

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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: A set of targets proposed for controllable items such

as availability of 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;

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 15th 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 to each item of 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 as may be

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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 of this Regulation, the term “downloadable spreadsheet

format” shall mean one (or multiple, linked) spreadsheet software files

containing all assumptions, formulae, 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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

adjustments. However, before issuing tariff order under such circumstances,

comments/ suggestions/ objections from the public and stakeholders 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:

issue a Tariff Order accepting the application with such modifications

or such conditions as may be specified in that Order;

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.

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 as:

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;

c) where audited books of account are not available at the time of 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;

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 of 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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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 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 “base rate” provided in Electricity (Late Payment Surcharge and

Related Matters) Rules, 2022, as amended from time to time 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 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:

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.

17.

Quality of Supply

17.1

The Commission shall monitor the following Quality of Supply parameters

during the Control Period:

a) Transmission System Availability;

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.

Additional Capitalisation:

19.1

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. Procurement of initial spares which shall be capitalised as a percentage of

For full recovery of Annual Transmission Charges-

(i)

AC System

98%

(ii)

HVDC System

95%

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

the Plant and Machinery cost upto cut-off date, subject to following

ceiling norms:

a. Transmission line - 1.00%

b. Transmission Sub-station (Green Field) - 4.00%

c. Transmission Sub-station (Brown Field) - 6.00%

d. Series Compensation devices and HVDC Station - 4.00%

e. Gas Insulated Sub-station (GIS) - 5.00%

f. Communication system- 3.50%

g. Static Synchronous Compensator- 6.00%

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.

19.2

Subject to clause (1) 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.

19.3

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 effect from notified date of the tariff regulations by

the Commission as per Regulation 1.2.

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

19.4

Impact of additional capitalisation on tariff, may be considered during truing

up of each financial year of the control period.

Note:

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.

ii.

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.

iii.

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.

iv.

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 entire value of the replaced asset from the original capital cost.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

PART-V

FINANCIAL PRINCIPLES

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;

c) in case the actual capital expenditure or capitalisation exceeds 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 ;

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;

c) Depreciation;

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;

Income from Other Business;

Revenue from short-term transmission charges.

21. Operation and Maintenance Expenses

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.

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.

One-time expenses such as expense due to change in accounting policy and

arrears paid due to pay commission recommendation shall be excluded from the

norms in the trajectory.

The unforeseen expenses beyond the control of the Transmission Licensee such

as pay revision, shall be excluded from the norms in the trajectory.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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 subject to prudence check.

The norms in the trajectory shall be specified over the control period with due

consideration to improvement in productivity of the Licensee or SLDC as the

case may be.

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 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.

The Transmission Licensee specific trajectory of norms shall be identified by the

Commission on the basis of absolute and relative analysis.

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.

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 will 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.

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-off 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/or SLDC and expected one-off expenses as specified above.

Provided that till the norms are specified by the Commission the

employee cost shall be determined on the basis of actual historical cost.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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/or SLDC and validated by the Commission) or other expected

one-off 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-off expenses as proposed by the

Transmission Licensee and/or SLDC and validated by the Commission.

Provided that 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

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.

The return on the equity invested shall be allowed from the date of start of

commercial operation and after put to use.

Rate of return on equity shall be not more than 14.0% for all the projects.

Provided that, the Capital base attributable to assets Commissioned

prior to commencement of control period covered under this regulation shall

fetch ROE as per the rate applicable during the period in which the assets got

Commissioned.

23. Depreciation

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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 of fully depreciated asset along with year of 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 also 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 appropriate

Government / Bihar Electricity Regulatory Commission.

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)/ SLDC shall submit certified copy of the Asset Register with

the list of fully depreciated Transmission lines, substations, 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

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.

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:

Actual loan or normative loan, if any, shall be referred as gross normative loan

in this Regulation.

The normative loan outstanding as of 1st April of control period shall be

computed by deducting the cumulative repayment as approved by the

Commission up to 31st March of current period (a year before control period)

from the gross normative loan.

The repayment for the control period shall be deemed to be equal to the

depreciation allowed for the year.

Notwithstanding any moratorium period availed by 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.

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 also 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.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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.

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 also that the Transmission Licensee and/or SLDC shall

submit the calculation of such benefit to the Commission for its approval.

The Transmission Licensee and/or SLDC shall enable tracking of the loans

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

RGGVY, DDUGVY 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 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.

Addition to loan during the year for interest purpose will be restricted to the

quantum of assets capitalized and put to use.

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 and/or SLDC shall endeavour to

adhere to the time schedule for various transmission system in accordance with

Annexure-A appended for these regulations or original schedule period as the

case may be, whichever is lower.

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 and/or SLDC, any liquidated damages recovered

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

computation of capital cost.

Provided also 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.

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):

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 (including delay

in land acquisition attributed to transmission licensee) 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.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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 also 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.

Incidental Expenditure during Construction (IEDC)

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 (including

delay in land acquisition attributed to transmission licensee) 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 also that where the delay is attributable to an agency or

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

case may be, 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 Schedule date of commercial operation

(SCOD) is not admissible after due prudence (including delay in land

acquisition attributable to transmission licensee), 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

The Transmission Licensee shall be allowed interest on the estimated level of

working capital for the financial year, computed as follows:

Receivables equivalent to 45 days of annual 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,

and other components of working capital approved by the Commission in

the Truing-up before sharing of gains and losses.

Less:

Return on equity and contribution to contingency reserves equivalent to 45

days.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

ii.

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.

Interest on working capital shall be on normative basis, notwithstanding that the

transmission licensee and/or SLDC has not taken a loan for working capital from

any outside agency 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 100 basis points. The rate of

interest for the purpose of Truing-up shall be the weighted average MCLR of the

concern Financial Year plus 100 basis points.

Interest shall be allowed on the amount held as security deposit (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.

If the State Government is providing resource gap grant and/or subsidy, the

working capital shall be reduced by 45 days equivalent of that amount.

27. Tax on Return on Equity

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.

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, if any.

llustration:-

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

including surcharge and cess:

Rate of return on equity = 14/(1-0.2096) = 17.71%

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

cess:

Estimated Gross Income from the licensee business for a financial

year is Rs 1000 crore.

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

Effective Tax Rate for the year = Rs 240 Crore/Rs 1000 Crore = 24%

Rate of return on equity = 14/ (1-0.24) = 18.42%

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 control period 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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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 per cent 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. 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.

Provided that interest accrued on contingency reserve shall be reduced from

the ARR.

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:

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.

c. No diminution in the value of contingency reserve as mentioned above 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 that the transmission licensee and/or SLDC 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.

30. Non-Tariff Income

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, 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.

31. 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 with

amendments.

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 also that where the sum total of the direct and indirect costs of

such Other Business exceeds the revenues from such Other Business or for any other

reason, no amount shall be allowed to be added to the Aggregate Revenue Requirement

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

of the Transmission Licensee on account of such Other Business.

32. Annual Transmission Charges (ATC)

32.1

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.

32.2

The Transmission charge (inclusive of disincentive, if any) 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.

33. Sharing of charges for Intra-State Transmission Network

33.1 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= (Annual Transmission ARR net of disincentive, if any) 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 of the Transmission

Licensee, determined in accordance with Regulation 32 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).

34. Sharing of SLDC Charges

34.1 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 nth Transmission System user;

SC= Approved SLDC Aggregate Revenue Requirement for the year;

ACn= Actual installed capacity of nth 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 sellers, aggregated allocated

capacity and contracted capacity in case of distribution licensee and long term

contracted capacity in case of buyer.”

34.2 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.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

34.3 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.

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

35.1 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.

35.2 The charges for using State Transmission Utility network by the consumers

availing short-term open access or Temporary-GNA, as the case may be shall

not be more than one hundred ten per cent of the charges levied on consumers

using State Transmission Utility network on long-term basis or on General

Network Access basis, as the case may be.

35.3 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.

36. Separation of Transmission and SLDC functions

36.1 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.

36.2 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.

36.3 The SLDC shall have to produce documentary proof towards payment of such

Charges at the time of Truing up.

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.

37. Disincentive

37.1 The Transmission Licensee shall be liable to disincentive on account of

deviation from target availability set by commission. The transmission charges

referred to in Regulation 32 of these Regulations are inclusive of any such

disincentives on account of availability of system.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

38. Rebate

38.1 For payment of bills of the transmission licensee through letter of credit on

presentation or through National Electronic Fund Transfer (NEFT)/ Real Time

Gross Settlement (RTGS), rebate shall be allowed as follows:

Payment time period

Rebate

within 5 days of the due date

1.5

from6-15 days of the due date

from 16-30 days of the due date

0.5

Provided that in case a different Rebate mechanism is provided in the TSA,

the same shall be governed by the provisions of the TSA.

39. Late Payment Surcharge:

39.1 In case the payment of any bill for charges payable under these regulations is

delayed by a beneficiary or long-term customer as the case may be, beyond a

period of 45 days from the date of presentation of bills, a late payment

surcharge as specified in the Ministry of Power – Electricity (Late Payment

Surcharge and Related Matters) Rules, 2022 as amended from time to time shall

be levied by the transmission licensee or SLDC.

Provided that in case a different LPS mechanism is provided in the

TSA, the same shall be governed by the provisions of the TSA.

39.2 Unless otherwise agreed by the parties, the charges payable by a beneficiary or

long-term customer shall be first adjusted towards a late payment surcharge on

the outstanding charges and, thereafter, towards monthly charges billed by the

transmission licensee or SLDC, as the case may be, starting from the longest

overdue bill.

PART-VI

MISCELLANEOUS

40. Power to amend.—The Commission may, at anytime, amend, alter or modify any

provision of these Regulations.

41. Power to remove difficulties

1. 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.

42. 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.

43. 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.

44. Repeal and savings.—

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

Tariff and SLDC Charges) Regulations, 2021 are hereby repealed.

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.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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, 2024.

The overall Transmission System Availability of the Transmission

network for the month _________, computed in accordance with

Appendix-II of the BERC (MYT) Regulations, 2024, and after considering

the provisions of BERC (MYT) Regulations, 2024, is ________________ %.

Authorised Signatory

Copy to ___________

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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.

(b)

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

(c)

For each ICT bank – The rated MVA capacity.

(d)

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

(e)

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

(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)=

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

AVq(Availability of q no. of ICTs)=

AVr(Availability of r no. of SVCs)=

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

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

Where Wi = Weightage factor for ith transmission 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

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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 of 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 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.

6. The format for issuance of Availability Certificate by SLDC is given in Appendix-I.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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*

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Name of Transmission Licensee

Annual Revenue Requirement

Form No: F1

(Rs. Crores)

Particulars

Previous Year

Current

Year

(i. e.

RE)

Ensuing

years (Projection)

Approved

in 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

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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.

Bulk Consumers/Long Term

Open Access Customers (If

any)

Sum of Total Allotted

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

`-----

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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) 4^TH NOVEMBER 2024

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-

conductors

Voltage

level kV

Line

length

Ckt.-Km.

Date of

Commercial

operation

/Put in use

(b) Substations

Name

Sub-

station

Type of

Substation

Conventional/

GIS

Voltage

level

No. of

transformers

/ Reactors/

SVC etc

(with

capacity)

No. of

Bays

Date of

Commercial

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

Capitalization

Capital Expenditure

(CWIP)

Capitalization

Capital Expenditure

(CWIP)

Capitalization

Capital

Expenditure

(CWIP)

Capitalization

Capital

Expenditure(C

WIP)

Total

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

accompanied.

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

Investment and Capitalization Plan) Regulations, 2018 and indicate 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

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 Agency wise and year wise.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

(n+1)

(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.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Name of Transmission Licensee

Form No: F5

(h) Capital Cost Estimates and Schedule of

commissioningfor 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) as

applicable.

3. Details of IDC & Financing Charges are to

furnished as per Form 20

Signature of Petitioner

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

Preliminaryinvestigation, 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)

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

6.4

Control , Relay & Protection Panel

6.5

PLCC

6.6

HVDC package

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 overrun, a detailed note giving reasons of such time and cost

overrun should be submitted clearly bring out the agency responsible and whether such

time & cost overrun 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) 4^TH NOVEMBER 2024

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

provided

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

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) 4^TH NOVEMBER 2024

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

(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

FY (n+1)

FY (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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

Month

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) 4^TH NOVEMBER 2024

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

Consumer

Contribution

By grants

Loan

Equity

Total

Consumer

Contribution

By grants

Loan

Equity

Total

Consumer

Contribution

By grants

Loan

Equity

Total

Consumer

Contribution

By grants

Loan

Equity

Total

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 separately

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) 4^TH NOVEMBER 2024

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

Consumer

Contribution

By grants

Loan

Equity

Total

Consumer

Contribution

Loan

Equity

Total

Consumer

Contribution

By grants

Loan

Equity

Total

Consumer

Contribution

By grants

Loan

Equity

Total

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

(f) Statement of Assets Not in Use

Form No: F7

Rs. Crores

Financial Year*

Sl. No.

Date of

Acquisition/Installation

Historical

Cost/Cost of

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

Additions

Balance

at the

end of

the Year

Additions

Balance

at the

end of

the Year

Additions

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) 4^TH NOVEMBER 2024

Form No: F9

Name of Transmission Licensee

(a) Details of Loans for the year

S.N

Particulars

Purpose of

loan

Opening

balance

Rate of

Interest

Addition

during the

year

Repayment

during the

year

Closing

balance

Amount of

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 of original

loan

Old rate of interest

Amount already

restructured

Revised rate of

interest

Amount now being

restructured

New rate of interest

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F9

Name of Transmission Licensee

(d) Domestic loans, bonds and financial leasing

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) 4^TH NOVEMBER 2024

Form No: F9

Name of Transmission Licensee

(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)

(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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F10

Name of Transmission Licensee

Details of Equity

(a) Details of Foreign Equity

Rs. Crores

S.No.

Particulars

Previous Year

Current Year (i. e. RE)

Ensuing

years (Projection)

Date

Amount (Foreign

Currency)

Exchange 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

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

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)

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

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

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) 4^TH NOVEMBER 2024

Form No: F11

Name of Transmission Licensee

Interest and Finance Charges(Rs. Crores)

S.N.

Source of loan

Purpose of

loan

Previous 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

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)

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F12

Name of Transmission Licensee

Lease details(Rs. Crores)

Sl.

No.

Name of

Lesser

Assets

Leased

Lease

Rentals

Primary

Period

Secondary

Descriptions

Gross

Amount

ended /

ending

period

ending by

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

Form No: F13

Name of Transmission Licensee

Operations & Maintenance Cost

Rs. Crores

Sl.No

Particulars

Previous Year

Current

Year

(i. e.RE)

Ensuing

years (Projection)

Approved

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) 4^TH NOVEMBER 2024

Form No: F14

Name of Transmission Licensee

(a) Employee Expenses

Rs. Crores

S.N

Particulars

Previous Year

Current Year

(RE)

Ensuing

Year (s)

Approved

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

Form No: F14

Name of Transmission Licensee

(b) Consumer Price Inflation

Rs. Crores

Particulars

PY 5

PY 4

PY3

PY 2

PY 1

Ensuing

years (Projection)

FY (n-5))

FY (n-4)

FY (n-3)

FY (n-2)

FY (n-1)

FY (n)

FY (n+1)

FY (n+2)

FY (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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F14

Name of Transmission Licensee

(c) Employee Expenses

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

Form No: F14

Name of Transmission Licensee

(d) Employees Productivity Parameters

(in Crore)

S.N

Particulars

Previous year

Current

Year (R.E)

Ensuing

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) 4^TH NOVEMBER 2024

Form No: F15

Name of Transmission Licensee

R&M Expenses

(in Crore)

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)

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F16

Name of Transmission Licensee

Administration and General Expenses

(in Crore)

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

Form No: F17

Name of Transmission Licensee

Short Term Open Access Consumers

(in Crore)

Particulars

Previous Year

Current

Year

(i. e.RE)

Ensuing years (Projection)

Approved in

MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Number of Short Term Open

Access Customers

Amount

Retained by Licensee

Payable to Beneficiaries

Signature of Petitioner

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F18

Name of Transmission Licensee

Details of Non-tariff Income

(in Crore)

Particulars

Previous Year

Current

Year

(i. e. RE)

Ensuing

years (Projection)

Approved

MYT/RE

Actual

(n+1)

(n+2)

(n+3)

Profits derived from disposal of

assets

Rents

Income from Investments other

than Contingency reserves

Income from Investments

including 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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F19

Name of Transmission Licensee

Working Capital Interest

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

45days 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 45days.

(ii) Security deposit if any,held

during the year

(iii) 45days equivalent of 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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F20

Name of Transmission Licensee

Investments in Non business related activities

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) 4^TH NOVEMBER 2024

Form No: F21

Name of Transmission Licensee

Details of Expenses Capitalised

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F22

Name of Transmission Licensee

Net Prior Period Expenses / Income

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-B

* Pertaining to Transmission Business Only, SLDC shall file separately

Sl.No.

Particulars

Extraordinary Credits

TOTAL CREDITS

Extraordinary Debits

TOTAL DEBITS

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: F23

Name of Transmission Licensee

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

Previous

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) 4^TH NOVEMBER 2024

Form No: F24

Name of Transmission Licensee

Allocation statement of Expenses of SLDC

Rs. Crores

Particulars

Previous year

Current Year

Ensuing Years

Total Expenses of STU

Allocated %

SLDC Share

Total Expenses of STU

Allocated %

SLDC Share

Total Expenses of STU

Allocated %

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: P1

Name of Transmission Licensee

Transmission Losses (For Transmission Licensee)

Rs. Crores

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) 4^TH NOVEMBER 2024

Form No: P2

Name of Transmission Licensee

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

at interface points

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.

Form No: P3

Name of Transmission Licensee

Details of Electrical Accidents

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: P4

Name of the Transmission Licensee

Abstract of Outages due to feeder tripping

SNo.

Detail

Previous Years

Current Years

Ensuing Years

No. of feeders

No. of trippings

Total Duration of Trippings (hrs.)

Average duration of interruption per feeder

No. of feeders

No. of trippings

Total Duration of Trippings (hrs.)

Average duration of interruption per feeder

No. of feeders

No. of trippings

Total Duration of 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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: P5

Name of Transmission Licensee

Major System Disturbances

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 supply has got effected

iii

* Pertaining to Transmission Business Only, SLDC shall file separately

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: P6

Name of Transmission Licensee

Frequency Variation

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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: P7

Name of Transmission Licensee

Voltage Fluctuation

Name of Sub-Station

Transformation Capacity

Reactive Compensation provided

Previous Year

Current Year

Ensuing Years

Time during which

voltage in an year

Time during which voltage

in an year

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

Hours

%age

Hours

%age

Hours

%age

Hours

%age

Hours

%age

Hours

%age

Hours

%age

Hours

%age

Hours

%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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: P8

Name of Transmission Licensee

Licensee wise Load shedding carried out during the year

S.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) 4^TH NOVEMBER 2024

Form No: P9

Name of Transmission Licensee

Details of Overloaded Feeders

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.

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: P10

Name of Transmission Licensee

Details of over loaded Transformers

Sl.No.

Rated Voltage

Previous Years

Current Years

Ensuing Years

Rated Capacity

Actual Load on

Transformer

% of Transformers

over loaded

Rated Capacity

Actual Load on

Transformer

% of Transformers

over loaded

Rated Capacity

Actual Load on

Transformer

% of Transformers

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) 4^TH NOVEMBER 2024

Form No: P11

Name of Transmission Licensee

Failure of Transformers

S. 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

BIHAR GAZETTE (EXTRA) 4^TH NOVEMBER 2024

Form No: P12

Name of Transmission Licensee

Key Ratios

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) 1060—571+10

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