{"id":107114,"date":"2006-01-05T00:00:00","date_gmt":"2006-01-04T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-bihar-state-electricity-board-and-on-5-january-2006"},"modified":"2016-06-26T17:34:50","modified_gmt":"2016-06-26T12:04:50","slug":"power-grid-corporation-of-india-vs-bihar-state-electricity-board-and-on-5-january-2006","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-bihar-state-electricity-board-and-on-5-january-2006","title":{"rendered":"Power Grid Corporation Of India … vs Bihar State Electricity Board And … on 5 January, 2006"},"content":{"rendered":"
Central Electricity Regulatory Commission<\/div>\n
Power Grid Corporation Of India … vs Bihar State Electricity Board And … on 5 January, 2006<\/div>\n
Bench: A Basu, K.N.Sinha, B Bhushan, A Jung<\/div>\n<\/p>\n
<\/pre>\n
ORDER<\/p>\n
1. The petition has been filed for approval for transmission charges for the  transmission system associated with Farakka (I & II) STPS (the transmission system)  in Eastern Region for the period from 1.4.2004 to 31.3.2009, based on the Central  Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2004,  (hereinafter referred to as “the 2004 regulations”). The petitioner has also prayed that  it be permitted to continue the billing of transmission charges on the same basis as  charged on 31.3.2004, pending determination of tariff in the present petition. No other  specific relief is prayed for.\n<\/p>\n
2. The revised cost estimate for the transmission system were approved by the  Central Government in Ministry of Power under letters dated 19.8.1997 at a total cost  of Rs. 28589.00 lakh, including FERV component of Rs. 5798.00 lakh.\n<\/p>\n
3. The annual transmission charges for the period from 1.4.2001 to 31.3.2004 for  the transmission system were decided by the Commission in its order dated 4.8.2003  in Petition No. 12\/2002 at a gross block of Rs. 32313.96 lakh, including additional  capitalization of Rs. 1712.96 lakh from 1997 to 2001 on account of FERV.\n<\/p>\n
4. The transmission lines included in the transmission system, and the date of  commercial operation of the respective transmission line is as stated below:\n<\/p>\n
 S. No.    Name of the         transmission                 Date of      Line length\n          commercial        line\/sub-station              operation      in ckt- km\n                                                                        (for O & M) \nFarakka STPS Stage-I \n(i)   400 kV S\/C     Farakka-Jeerat transmission line-I    1.1.1986        238\n(ii)  400 kV S\/C     Farakka-Durgapur transmission line-I  1.7.1987        150\nFarakka STPS Stage-II \n(i) 400 k V D\/C      Farakka-Kahalgaon transmission        1.5.1993         95\n                     line(ckt-1)\n(ii) 400 kV D\/C      Farakka-Kahalgaon transmission        1.10.1991        95\n                     line (ckt-2)\n(iii) 400 kV D\/C     Kahalgaon- Biharshariff transmission  1.10.1991       201\n                     line (ckt-1)\n(iv) 400 kV D\/C      Kahalgaon- Biharshariff transmission  1.1.1993        201 \n                     line (ckt-2))\n(v) 400 kV S\/C       Farakka-Durgapur transmission line-II 1.8.1992        146 \n(vi) 400 kV S\/C      Farakka-Jeerat transmission line-II & 1.12.1994       236 \n                     associated Jeerat  sub-station extn.  \n(vii) 400 kV S\/C     Durgapur-Jamshedpur & associated\n                     sub-station at  Durgapur & Jamshedpur 1.9.1994        177 \n\nTotal                                                                      1539 \n \n\n5. The petitioner has claimed the transmission charges as under: \n                                                  (Rs. in lakh) \n                    2004-05     2005-06     2006-07    2007-08      2008-09 \nDepreciation        917.54      917.54       917.54     917.54      784.03\nInterest on Loan     78.50       52.23        25.96       6.41        0.00 \nReturn on Equity   1838.13     1838.13      1838.13    1838.13     1838.13 \nAdvance against\nDepreciation          0.00        0.00         0.00       0.00        0.00\nInterest on Working\nCapital             163.28      169.23       175.58     182.37      187.55\nO & M Expenses      827.39      860.45       895.73     930.16      968.67 \nTotal              3824.83     3837.58      3852.93    3874.60     3778.37 \n \n\n<\/pre>\n
6. The details submitted by the petitioner in support of its claim for interest on  working capital are given hereunder:\n<\/p>\n
                                                          (Rs. in lakh)
\n                     2004-05    2005-06      2006-07      2007-08      2008-09
\nMaintenance Spares    886.56     939.75       996.14       1055.90     1119.26
\nO & M expenses         68.95      71.70        74.64         77.51       80.72
\nReceivables           637.47     639.60       642.16        645.77      629.73
\nTotal                1592.98    1651.05      1712.94       1779.18     1829.71
\nRate of Interest       10.25%     10.25%       10.25%        10.25%      10.25%
\nInterest              163.28     169.23       175.58        182.37      187.55 <\/p>\n
7. The replies to the petition have been filed by West Bengal State Electricity  Board and Bihar State Electricity Board. The petitioner has published notices in the  newspapers in accordance with the procedure specified by the Commission. However,  no comments have been received from the general public on the tariff proposals.\n<\/p>\n
CAPITAL COST <\/p>\n
8. As per Clause (2) of Regulation 52 of the 2004 regulations in case of the  projects existing up to 31.3.2004, the project cost admitted by the Commission for  determination of tariff prior to 1.4.2004 shall form the basis for determination of tariff.\n<\/p>\n
9. The petitioner has considered the capital expenditure of Rs.32313.96 lakh  admitted by the Commission in the order dated 4.8.2003 ibid. The petitioner has not  claimed additional capitalisation on works. The petitioner has considered additional  capitalisation of Rs. 416.98 lakh on account of FERV for the period 1.4.2001 to  31.3.2004. Accordingly, gross block of Rs. 32730.94 lakh has been claimed for the  purpose of tariff.\n<\/p>\n
Extra Rupee Liability during the years 2001-04:\n<\/p>\n
10. Regulation 1.13 (a) of the Central Electricity Regulatory Commission (Terms  and Conditions of Tariff) Regulations, 2001 provided as under:\n<\/p>\n
(a) Extra rupee liability towards interest payment and loan repayment  actually incurred, in the relevant year shall be admissible; provided it  directly arises out of foreign exchange rate variation and is not  attributable to Utility or its suppliers or contractors. Every utility shall  follow the method as per the Accounting Standard-11 (Eleven) as issued  by the Institute of Chartered Accountants of India to calculate the impact  of exchange rate variation on loan repayment.\n<\/p>\n
(b) Any foreign exchange rate variation to the extent of the dividend paid out  on the permissible equity contributed in foreign currency, subject to the  ceiling of permissible return shall be admissible. This as and when paid,  may be spread over the twelve-month period in arrears.\n<\/p>\n
11. Regulation 1.7 of the 2001 further provided that recovery of foreign exchange  rate variation would be done directly by the utilities from the beneficiaries without filing  a petition before the Commission. In case of any objections by the beneficiaries to the  amounts claimed on these counts, they may file an appropriate petition before the  Commission.\n<\/p>\n
12. BSEB in its reply has objected to capitalisation of FERV. We do not find the  objection to be valid. FERV worked out by the petitioner is in accordance with the  provision of AS-11, applicable for the period up to 31.3.2004 and is matching with  calculations submitted by the petitioner. The claim has accordingly been allowed for  tariff calculations.\n<\/p>\n
13. Based on the above, gross block of Rs. 32730.94 lakh, including additional  FERV of Rs. 416.98 claimed, as on 1.4.2004 has been considered for the purpose of  tariff.\n<\/p>\n
DEBT- EQUITY RATIO <\/p>\n
14. Regulation 54 of the 2004 regulations inter alia provides ,-\n<\/p>\n
(1) In case of the existing project, debt-equity ratio Considered by the  Commission for fixation of tariff for the period ending 31.3.2004 shall be  considered for determination of tariff.\n<\/p>\n
(2) In case of the transmission system for which investment approval was  accorded prior to 1.4.2004 and which is likely to be declared under commercial  operation during the period 1.4.2004 to 31.3.2009, debt-equity in the ratio of  70:30 shall be considered:  Provided that where deployment of equity is less than 30%, the actual equity  deployed shall be considered for the purpose of determination of tariff.  Provided further that the Commission may in appropriate case consider equity  higher than 30% for the purpose of determination of tariff, where the  transmission licensee is able to establish to the satisfaction of the Commission  that deployment of equity more than 30% was in the interest of general public;\n<\/p>\n
(3) In case of the transmission system for which investment approval is  accorded on or after 1.4.2004, debt-equity in the ratio of 70:30 shall be  considered for the purpose of determination of tariff:  Provided that where deployment of equity is less than 30%, the actual equity  deployed shall be considered for the purpose of determination of tariff.\n<\/p>\n
(4) The debt and equity amount arrived at in accordance with above subclause  (1), (2) or (3), as the case may be, shall be used for calculation of  interest on loan, return on equity, advance against depreciation and foreign  exchange rate variation.\n<\/p>\n
15. The petitioner has claimed tariff based on debt-equity of 50:50 as considered  by the Central Government on the Net Fixed Asset as on 1.4.1997 and also  considered by the Commission in its order dated 4.8.2003 ibid. Accordingly, the Net  Fixed Asset of Rs.24129.00 lakh as on 1.4.1997 after adjusting cumulative  depreciation of Rs. 6472.00 lakh up to 31.3.1997 has been considered. Additional  capitalization on account of FERV (Rs. 1712.96 lakh from 1.4.1997 to 31.3.2001 and  Rs. 416.98 lakh from 1.4.2001 to 31.3.2004) has been divided into debt and equity in  the ratio of 50:50. Based on this, Rs.13129.47 lakh has been considered as the equity  for the purpose of determination of tariff in the present petition.\n<\/p>\n
RETURN ON EQUITY <\/p>\n
16. As per Clause (iii) of Regulation 56 of the 2004 regulations, return on equity  shall be computed on the equity base determined in accordance with regulation 54 @  14% per annum. Equity invested in foreign currency is to be allowed a return in the  same currency and the payment on this account is made in Indian Rupees based on  the exchange rate prevailing on the due date of billing.\n<\/p>\n
17. The petitioner has claimed return on equity of Rs. 13129.47 lakh, after  adjustment of amount of FERV from 1.4.2001 to 31.3.2004, which has been  considered. Accordingly, the petitioner shall be entitled to return on equity @ Rs.  1838.13 lakh each year during the tariff period.\n<\/p>\n
INTEREST ON LOAN <\/p>\n
18. As per Clause (i) of Regulation 56 of the 2004 regulations,-\n<\/p>\n
(a) Interest on loan capital shall be computed loan-wise on the loans arrived  at in the manner indicated in regulation 54.\n<\/p>\n
(b) The loan outstanding as on 1.4.2004 shall be worked out as the gross  loan as per regulation 54 minus cumulative repayment as admitted by the  Commission for the period up to 31.3.2004. The repayment for the period 200409  shall be worked out accordingly on normative basis.\n<\/p>\n
(c) The transmission licensee shall make every effort to swap the loan as  long as it results in net benefit to the long-term transmission customers. The  costs associated with such swapping shall be borne by the long-term  transmission customers.\n<\/p>\n
(d) The changes to the loan terms and conditions shall be reflected from the  date of such swapping and benefits passed on to the beneficiaries.\n<\/p>\n
(e) In case any moratorium period is availed of by the transmission licensee,  depreciation provided for in the tariff during the years of moratorium shall be  treated as repayment during those years and interest on loan capital shall be  calculated accordingly.\n<\/p>\n
19. The partitioner has claimed interest on loan in the following manner:\n<\/p>\n
(i) Gross loans, cumulative loan repayment up to previous year as admitted  by the Commission in the order dated 4.8.2003 ibid have been taken as  the opening balance as on 1.4.2004 after adjusting notional loan  component arising out of FERV claimed.\n<\/p>\n
(ii) On the basis of actual rate of interest on average loan as worked out in  the debt-equity ratio as admitted in the order dated 4.8.2003 ibid, the  weighted average rate of interest on loan is worked out for various  years.\n<\/p>\n
20. In our calculations, the interest on loan has been worked as detailed below:\n<\/p>\n
(i) Details of net outstanding loan as on 31.03.2004,repayment schedule  for the period 2004-09, rate of interest as on 01.04.2004 etc .have been  taken as per the loan details submitted by the petitioner under his letter  dated 31.8.2005 based on which loan allocation approved for the year  2003-04 has been reset for the instalments for the period 2004-09 for  working out weighted average rate of interest.\n<\/p>\n
(ii) 50% of the notional loan arising out of FERV has been added in the  loan outstanding as per order dated 4.8.2003 ibid to arrive at total  notional loan.\n<\/p>\n
(iii) Repayment of notional loan up to 31.3.2004 has been considered in  proportion to repayment up to that date of actual loan.\n<\/p>\n
(iv) The repayment for the years 2001-02 to 2003-04 of the notional loan  component of FERV has been considered in proportion to total actual  loan repaid during 2001-04.\n<\/p>\n
(v) The repayment for the year 2004-05 to 2008-09 of the total notional  loan has been worked out as per the following formula :  Maximum of depreciation or (Notional net loan at the beginning  of the year x (actual repayment of the respective loan \/ actual net  respective loan at the beginning of the year)).\n<\/p>\n
(vi) Weighted average rate of interest on actual loan worked out is applied  on the notional average loan during the year to arrive at the interest on  loan.\n<\/p>\n
21. The detailed calculations on interest on loan up to 2007-08 are given  hereunder:\n<\/p>\n
                                                         (Rs. in lakh)
\nDetails of loan Up to       2004-05     2005-06    2006-07    2007-08     2008-09
\n31.3.2004
\nInterest on Loan
\nGross Loan as per last
\nOrder
\n12920.98
\nAddition due to
\nAdditional
\nCapitalisation
\n0.00
\nAddition due to FERV 208.49
\nGross Normative Loan       13129.47     13129.47    13129.47    13129.47   13129.47
\n13129.47
\nCumulative Repayment
\nup to Previous Year        10130.56     11048.10    11965.64    12883.17   13129.47
\nNet Loan-Opening            2998.90      2081.37     1163.83      246.30       0.00
\nRepayment during the
\nyear                         917.54       917.54      917.54      246.30       0.00
\nNet Loan-Closing            2081.37      1163.83      246.30        0.00       0.00
\nAverage Loan                2540.14      1622.60      705.06      123.15       0.00
\nWeighted Average Rate
\nof Interest on Loan            3.09%        3.09%       3.09%       3.09%      3.09%
\nInterest                      78.36        50.06       21.75        3.80       0.00 <\/p>\n
DEPRECIATION <\/p>\n
22. Sub-clause (a) of Clause (ii) of Regulation 56 of the 2004 regulations provides  for computation of depreciation in the following manner, namely:\n<\/p>\n
(i) The value base for the purpose of depreciation shall be the historical  cost of the asset.\n<\/p>\n
(ii) Depreciation shall be calculated annually based on straight line method  over the useful life of the asset and at the rates prescribed in Appendix II  to these regulations. The residual value of the asset shall be considered  as 10% and depreciation shall be allowed up to maximum of 90% of the  historical capital cost of the asset. Land is not a depreciable asset and  its cost shall be excluded from the capital cost while computing 90% of  the historical cost of the asset. The historical capital cost of the asset  shall include additional capitalisation on account of Foreign Exchange  Rate Variation up to 31.3.2004 already allowed by the Central  Government\/Commission.\n<\/p>\n
(iii) On repayment of entire loan, the remaining depreciable value shall be  spread over the balance useful life of the asset.\n<\/p>\n
(iv) Depreciation shall be chargeable from the first year of operation. In case  of operation of the asset for part of the year, depreciation shall be  charged on pro rata basis.\n<\/p>\n
23. Land cost included in the capital cost of the transmission system is Rs. 684.27  lakh. Thus, the gross depreciable value of the asset, as per (ii) above, is 0.9 x (Rs.  32730.94 lakh-Rs. 684.27 lakh) = Rs.28834.05 lakh. Cumulative depreciation and  AAD recovered in tariff up to 31.3.2004 is Rs.16539.62 lakh. Remaining depreciable  value as on 1.4.2004 is thus Rs. 12294.43 lakh.\n<\/p>\n
24. For the period 1.4.2004 to 31.3.2008, the depreciation works out to Rs. 917.54  lakh each year by applying rate of depreciation of 2.80%, as shown below:\n<\/p>\n
                                                             (Rs. in lakh)
\nDetails of Depreciation      2004-05    2005-06    2006-07    2007-08    2008-09
\nUp to
\n31.3.2004
\nAs per order dated
\n4.8.2003
\n32313.96
\nAddition during 2001-04
\ndue to Additional
\nCapitalisation
\n0.00
\nAddition during 2001-04
\ndue to FERV
\n416.98
\nGross Block as on
\n31.3.2004
\n                           32730.94     32730.94    32730.94    32730.94   32730.94
\n32730.94
\nRate of Depreciation 2.80%
\nDepreciable Value 90%      28834.05     28834.05    28834.05    28834.05   28834.05
\nBalance Useful life
\nof the  asset                  20         19            18          17         16
\nRemaining Depreciable
\nValue                       12294.43    11376.90     10459.36    9541.82    8624.29
\nDepreciation                  917.54      917.54       917.54     917.54     539.02 <\/p>\n
25. As the entire loan for the transmission system would be repaid during 2007-08,  the depreciation for 2008-09 has been worked out by spreading the balance  depreciable value (Rs. 8624.29 lakh as on 1.4.2008) over the remaining useful life of  the transmission system ( 16 years as on 1.4.2008), and it comes to Rs. 539.02 lakh .  The weighted average life of the transmission system works out to 33 years against  the actual life of 17 years as on 31.3. 2008. Accordingly, balance useful life has been  taken as 16 years.\n<\/p>\n
ADVANCE AGAINST DEPRECIATION <\/p>\n
26. As per Sub-clause (b) of Clause (ii) of Regulation 56 of the 2004 regulations, in  addition to allowable depreciation, the transmission licensee is entitled to Advance  Against Depreciation, computed in the manner given hereunder:  AAD = Loan repayment amount as per regulation 56 (i) subject to a ceiling of  1\/10th of loan amount as per regulation 54 minus depreciation as per schedule.\n<\/p>\n
27. It is provided that Advance Against Depreciation shall be permitted only if the  cumulative repayment up to a particular year exceeds the cumulative depreciation up  to that year. It is further provided that Advance Against Depreciation in a year shall  be restricted to the extent of difference between cumulative repayment and cumulative  depreciation up to that year.\n<\/p>\n
28. The petitioner has not claimed Advance Against Depreciation. Accordingly, the  petitioner is not entitled to Advance Against Depreciation <\/p>\n
OPERATION & MAINTENANCE EXPENSES <\/p>\n
29. In accordance with Clause (iv) of Regulation 56 the 2004 regulations, the  following norms are prescribed for O & M expenses:\n<\/p>\n
                                          Year
\n                             2004-05     2005-06     2006-07     2007-08      2008-09
\nO&M expenses
\n(Rs in lakh per ckt-km)       0.227       0.236       0.246       0.255        0.266
\nO&M expenses
\n(Rs in lakh per bay)         28.12       29.25       30.42       31.63        32.90 <\/p>\n
30. The petitioner has claimed O & M expenses for 1539 ckt km of line length and  17 bays (4 at Biharshariff , 7 at Durgapur, 3 at Jamshedpur , and 3 at Jeerhat), which  has been allowed. Accordingly, the petitioner’s entitlement to O & M expenses has  been worked out as given hereunder:\n<\/p>\n
                                                      (Rs. in lakh)
\n                                          Year
\n                               2004-05    2005-06     2006-07     2007-08     2008-09
\nO&M expenses for line length    349.35     363.20      378.59      392.45      409.37
\nO&M expenses for bays           478.04     497.25      517.14      537.71      559.30
\nTotal                           827.39     860.45      895.73      930.16      968.67 <\/p>\n<\/blockquote>\n
31. The petitioner has submitted that the wage revision of its employees is due with  effect from 1.1.2007. Therefore, according to the petitioner, O & M expenses should  be subject to revision on account of revision of employee cost from that date. In the  alternative, it has been prayed that the increase in employee cost due to wage  revision be allowed as per actuals for extra cost to be incurred consequent to wage  revision. We are not expressing any view, as this issue does not arise for  consideration at this stage. The petitioner may approach for a relief in this regard at an  appropriate stage in accordance with law.\n<\/p>\n
INTEREST ON WORKING CAPITAL <\/p>\n
32. The components of the working capital and the interest thereon are discussed  hereunder:\n<\/p>\n
(i) Maintenance spares  Regulation 56(v)(1)(b) of the 2004 regulations provides for maintenance  spares @ 1% of the historical cost escalated @ 6% per annum from the date of  commercial operation. In the present case, element wise capital expenditure on  the date of commercial operation has not been made available by the  petitioner. The earliest available capital expenditure of Rs. 306.01 crore as on  1.4.1997 has been considered as the historical cost for the purpose of the  present petition and maintenance spare have been worked out accordingly by  escalating 1% of the historical cost @ 6% per annum. The value of  maintenance spares as on 1.4.2004 works out to Rs. 460.13 lakh.\n<\/p>\n
(ii) O & M expenses  Regulation 56(v)(1)(a) of the 2004 regulations provides for operation and  maintenance expenses for one month as a component of working capital. The  petitioner has claimed O&M expenses for 1 month of O&M expenses of the respective  year as claimed in the petition. This has been considered in the working capital.\n<\/p>\n
(iii) Receivables  As per Regulation 56(v)(1)(c) of the 2004 regulations, receivables will be  equivalent to two months average billing calculated on target availability level. The  petitioner has claimed the receivables on the basis 2 months’ transmission charges  claimed in the petition. In the tariff being allowed, receivables have been worked out  on the basis 2 months’ transmission charges.\n<\/p>\n
(iv) Rate of interest on working capital  As per Regulation 56(v)(2) of the 2004 regulations, rate of interest on working  capital shall be on normative basis and shall be equal to the short-term Prime Lending  Rate of State Bank of India as on 1.4.2004 or on 1st April of the year in which the  project or part thereof (as the case may be) is declared under commercial operation,  whichever is later. The interest on working capital is payable on normative basis  notwithstanding that the transmission licensee has not taken working capital loan from  any outside agency. The petitioner has claimed interest on working capital @ 10.25%  based on SBI PLR as on 1.4.2004, which is in accordance with the 2004 regulations  and has been allowed.\n<\/p>\n
33. The necessary computations in support of interest on working capital are appended  hereinbelow. <\/p>\n
\n                                                        (Rs. in lakh) \n                       2004-05     2005-06     2006-07     2007-08      2008-09 \nMaintenance Spares      460.13      487.73      517.00      548.02      580.90 \nO & M expenses           68.95       71.70       74.64       77.51       80.72 \nReceivables             630.04      631.37      633.11      636.50      578.83 \nTotal                  1159.11     1190.81     1224.76     1262.03     1240.45 \nRate of Interest         10.25%      10.25%      10.25%      10.25%      10.25% \nInterest                118.81      122.06      125.54      129.36      127.15 \n \n\nTRANSMISSION CHARGES \n \n\n<\/pre>\n
34. A summary sheet showing basic details of capital cost and other related  aspects is annexed to this order. The transmission charges being allowed for the  transmission system are summarised below. <\/p>\n
\n                                                             (Rs. in lakh) \n                        2004-05     2005-06     2006-07     2007-08      2008-09 \nDepreciation            917.54      917.54       917.54      917.54      539.02\nInterest on Loan         78.36       50.06        21.75        3.80        0.00 \nReturn on Equity       1838.13     1838.13      1838.13     1838.13     1838.13 \nAdvance against\nDepreciation              0.00        0.00         0.00        0.00        0.00 \nInterest on Working\nCapital                 118.81      122.06       125.54      129.36      127.15 \nO & M Expenses          827.39      860.45       895.73      930.16      968.67 \nTotal                  3780.22     3788.23      3798.68     3818.98     3472.96 \n \n\n<\/pre>\n
35. In addition to the transmission charges, the petitioner shall be entitled to other charges  like income-tax, incentive, surcharge and other cess and taxes in accordance with the 2004  regulations. These transmission charges shall be included in the regional transmission tariff  for Eastern Region and shall be shared by the regional beneficiaries in accordance with the  2004 regulations.\n<\/p>\n
36. The petitioner is already billing the respondents on provisional basis in accordance  with the Commission’s interim directions. The provisional billing of tariff shall be adjusted in  the light of final tariff now approved by us.\n<\/p>\n
37. This order disposes of Petition No.126\/2004.<\/p>\n","protected":false},"excerpt":{"rendered":"
Central Electricity Regulatory Commission Power Grid Corporation Of India … vs Bihar State Electricity Board And … on 5 January, 2006 Bench: A Basu, K.N.Sinha, B Bhushan, A Jung ORDER 1. The petition has been filed for approval for transmission charges for the transmission system associated with Farakka (I & II) STPS (the transmission system) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-107114","post","type-post","status-publish","format-standard","hentry","category-judgements"],"yoast_head":"\nPower Grid Corporation Of India ... vs Bihar State Electricity Board And ... on 5 January, 2006 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-bihar-state-electricity-board-and-on-5-january-2006\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Power Grid Corporation Of India ... vs Bihar State Electricity Board And ... on 5 January, 2006 - 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