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FEB 25 2015

UERC dismisses UPCLs petition for post-facto approval of investment

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 25th FEB 2015

The Uttarakhand Electricity Regulatory Commission (UERC) has dismissed the petition filed by Uttarakhand Power Corporation Limited (UPCL) seeking post-facto approval for investment of Rs 59.9 million for implementation of integrated automatic meter reading systems for 11,000 consumers of industrial and commercial categories.

As per the terms of the UERC (Terms and Conditions for Determination of Tariff) Regulations, 2011 and the UERC (Conduct of Business) Regulations, 2004, state utilities are required to seek the commission’s approval of all projects/schemes with capital cost of over Rs 25 million. In the present case, the UERC did not find sufficient grounds to exercise its powers under Regulations 40(1), 59 and 62 under the Conduct of Business Regulations that provide for relaxation in the prior approval requirement.

Tags

Uttarakhand Uttarakhand Power Corporation Ltd Tariff Electricity Regulatory Commission Uttarakhand Electricity Regulatory Commission Power Electricity

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