The Himachal Pradesh Electricity Regulatory Commission (HPERC) on July 04, 2024, issued the Draft Himachal Pradesh Electricity Regulatory Commission (Levy and Collection of Fees and Charges by State Load Despatch Centre) (Third Amendment) Regulations, 2024, to further amend the Himachal Pradesh Electricity Regulatory Commission (Levy and Collection of Fees and Charges by State Load Despatch Centre) Regulations, 2011.
The following provisions have been stated:
• In Regulation 20, which states “Return on Equity”, in sub-regulation (1) for the figures and signs “15.5%”, the figures and signs “14.5%” shall be substituted, and for the existing illustration appearing under sub-regulation 2, the following Illustration shall be substituted, namely:
o “Illustration:
o In case of the power system operation company paying Minimum Alternate Tax (MAT)@ 17.16% including surcharge and cess:
Rate of return on equity = 14.50/ (1- 0.1716) = 17.504%.
o In case of the power system operation company paying normal corporate tax @ 27.82% including surcharge and cess;
Rate of return on equity = 14.50/ (1- 0.2782) =20.089%.”
• In Regulation 27, which states “Registration fee”:
o In sub-regulation (2) for the words and figures “Rs. 1 Lakh”, the words and figures “Rs. 3 Lakhs” shall be substituted; and,
o The existing sub-regulation (3) shall be omitted.
These Regulations will be taken into consideration after the expiry of thirty (30) days from July 04, 2024.
The objections or suggestions in this behalf should be addressed to the Secretary, Himachal Pradesh Electricity Regulatory Commission, Vidyut Aayog Bhawan, Block37, SDA Complex, Kasumpti-171009 (HP).
[Notification No HPERC- SLDC/479]
