{"id":201190,"date":"2007-03-23T00:00:00","date_gmt":"2007-03-22T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007"},"modified":"2015-09-20T20:52:04","modified_gmt":"2015-09-20T15:22:04","slug":"power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007","title":{"rendered":"Power Grid Corporation Of India … vs Karnataka Power Transmission … on 23 March, 2007"},"content":{"rendered":"
Central Electricity Regulatory Commission<\/div>\n
Power Grid Corporation Of India … vs Karnataka Power Transmission … on 23 March, 2007<\/div>\n
Bench: A Basu, B Bhushan<\/div>\n<\/p>\n
<\/pre>\n
ORDER<\/p>\n
1. The petition has been filed (a) for approval of transmission tariff for 40% Fixed  Series Compensation on Gooty-Neelmangala 400 kV S\/C transmission line-II at  Gooty (hereinafter referred to as  the transmission asset-I) and (b) for revision of  transmission tariff for 40% Fixed Series Compensation on Gooty-Neelmangla 400  kV S\/C transmission line-I and on Nagarjunasagar-Cuddapah 400 kV S\/C  transmission lines (hereinafter referred to as the transmission asset-II) in  Southern Region from the date of commercial operation of the respective  transmission asset 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) after accounting for additional capitalization during 2004- 05 and 2005-06. These assets are collectively referred to as the transmission  scheme. The petitioner has also prayed for the reimbursement of expenditure  incurred towards publication of notices in the newspapers and the petition filing fee by  the beneficiaries.\n<\/p>\n
2. The investment approval for the transmission scheme was accorded by the  Board of Directors of the petitioner company vide letter dated 22.10.2002 at an  estimated cost of Rs. 5793 lakh, including IDC of Rs. 443 lakh. The dates of  commercial operation of the respective transmission asset are as stated below:\n<\/p>\n
 Name of the transmission assets         Date of commercial operation\nTransmission asset-I                        1.5.2005\nTransmission asset-II                       1.11.2004\n\n \n\n<\/pre>\n
3. The provisional transmission charges for the transmission asset-I were  approved by the Commission in its order dated 13.2.2006 in Petition No. 96\/2005.\n<\/p>\n
4. The Commission by its order dated 16.11.2006 had allowed tariff for the  transmission asset-II for the period 1.11.2004 to 31.3.2009. The Commission in its  said order dated 16.11.2006 had not considered additional capital expenditure beyond  the date of commercial operation and the tariff was worked out on the basis of gross  block of Rs. 4003.22 lakh as on 1.11.2004. The transmission tariff approved was as  under:\n<\/p>\n
                                                              (Rs. in lakh)
\n                                2004-05     2005-06   2006-07   2007-08   2008-09
\n                             (1.11.2004
\n                           to 31.3.2005)
\nDepreciation                  58.93          141.42    141.42    141.42    141.42
\nInterest on Loan             104.51          242.42    227.59    208.85    189.14
\nReturn on Equity              53.08          127.38    127.38    127.38    127.38
\nAdvance against Depreciation   0.00            0.00     64.72     93.42     93.42
\nInterest on Working Capital    6.39           15.37     16.58     17.12     17.16
\nO & M Expenses                35.15           87.75     91.26     94.89     98.70
\nTotal                        258.05          614.35    668.96    683.09    667.23<\/p>\n<\/blockquote>\n
5. The petitioner has claimed the transmission charges as under:<\/p>\n
\n \n\nTransmission asset-I \n                                                                (Rs. In lakh)\n                            2005-06     2006-07     2007-08     2008-09\n                           (Pro rata)\nDepreciation                  46.93       52.61       52.61       52.61\nInterest on Loan              69.95       78.38       72.73       66.76\nReturn on Equity              54.75       61.38       61.38       61.38\nAdvance against Depreciation   0.00        9.01       18.87       18.87\nInterest on Working Capital    5.00        5.81        6.01        6.04\nO & M Expenses                26.81       30.42       31.63       32.90\nTotal                        203.44      237.61      243.23      238.55\n\n\n \n\nTransmission asset-II \n                                                                     (Rs. in lakh)\n                             2004-05    2005-06     2006-07    2007-08    2008-09\n                            (Pro rata)\nDepreciation                  60.13      146.21      147.93     147.93     147.93\nInterest on Loan             106.62      255.39      254.15     233.21     211.20\nReturn on Equity              54.18      132.25      134.26     134.26     134.26\nAdvance against Depreciation   0.00        0.00        0.00       0.00     101.15\nInterest on Working Capital    6.50       15.83       16.23      16.23      18.01\nO & M Expenses                35.15       87.75       91.26      94.89      98.70\nTotal                        262.57      637.43      643.83     626.53     711.25\n\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:<\/p>\n
\n \n\nTransmission asset-I \n                                                           (Rs. in lakh)\n     .                      2005-06     2006-07     2007-08    2008-09\n                          (Pro rata)\nMaintenance Spares          13.83        14.59       15.46      16.39\nO & M expenses               2.44         2.54        2.64       2.74\nReceivables                 36.99        39.60       40.54      39.76\nTotal                       53.25        56.72       58.64      58.89\nRate of interest           10.25%       10.25%      10.25%     10.25%\nInterest                     5.00         5.81        6.01       6.04\n\n \n\nTransmission asset-II \n                                                                   (Rs.in lakh)\n                          2004-05       2005-06     2006-07    2007-08   2008-09\n                         (Pro rata)\nMaintenance Spares         40.03         41.03       43.49       46.10    48.87\nO & M expenses              7.03          7.31        7.61        7.91     8.23\nReceivables               105.03        106.24      107.30      104.42   118.54\nTotal                     152.09        154.59      158.40      158.43   175.64\nRate of interest          10.25%        10.25%      10.25%      10.25%   10.25%\nInterest                    6.50         15.83       16.23       16.23    18.01\n\n \n\n<\/pre>\n
7. The reply to the petition has been filed by Tamil Nadu Electricity Board. No  comments or suggestion have been received from the general public in response to  the notices published by the petitioner under Section 54 of the Electricity Act, 2003.\n<\/p>\n
CAPITAL COST <\/p>\n
8. As per Clause (1) of Regulation 52 of the 2004 regulations, subject to prudence  check, the actual expenditure incurred on completion of the project shall form the  basis for determination of final tariff. The final tariff shall be determined based on the  admitted capital expenditure actually incurred up to the date of commercial operation  of the transmission system and shall include capitalised initial spares subject to a  ceiling norm as 1.5% of original project cost. The regulation is applicable in case of  the transmission system declared under commercial operation on or after 1.4.2004.\n<\/p>\n
9. The petitioner has claimed the capital expenditure up to the date of commercial  operation in case of the transmission asset-I. The petitioner has further claimed  additional capitalisation for the year 2005-06 for the transmission asset-I and for the  years 2004-05 and 2005-06 for the transmission asset-II. The petitioner has not  claimed additional capitalization on account of FERV as these assets do not involve  foreign currency loans. The capital expenditure on the date of commercial operation  and additional capitalization on account of works claimed by the petitioner for tariff  purposes are given hereunder:\n<\/p>\n
                                                                     (Rs. in lakh)
\nName of the trans-      Capital Expend-   Additional    Additional      Total Capital
\nmission assets          iture on the      capital       capital         expenditure
\n                        date of comme-    expenditure   expenditure
\n                        rcial operation   during        during
\n                                          2004-05       2005-06
\nTransmission asset-I        1382.59         N.A.         78.81            1461.40
\nTransmission asset-II       4003.22         10.19        95.73            4109.14
\n     Total                  5385.81         10.19       174.54            5570.54<\/p>\n
Additional capitalization <\/p>\n
10. Clause (1) of Regulation 53 of the 2004 regulations provides-\n<\/p>\n
(1) The following capital expenditure within the original scope of work actually  incurred after the date of commercial operation and up to the cut off date may  be admitted by the Commission, subject to prudence check:\n<\/p>\n
 (i) Deferred liabilities;\n<\/p>\n
(ii) Works deferred for execution;\n<\/p>\n
(iii) Procurement of initial capital spares in the original scope of works subject to the ceiling norm specified in Regulation 52;\n<\/p>\n
(iv) Liabilities to meet award of arbitration or compliance of the order or decree of a court; and <\/p>\n
(v) On account of change in law:\n<\/p>\n
Provided that original scope of work along with estimates of expenditure  shall be submitted along with the application for provisional tariff:\n<\/p>\n
Provided further that a list of the deferred liabilities and works deferred  for execution shall be submitted along with the application for final tariff after  the date of commercial operation of the transmission system.\n<\/p>\n
11. The details submitted by the petitioner in support of its claim for additional  capital expenditure are given hereunder:   <\/p>\n
\n \n\nTransmission asset-I \n   Year                      Nature of expenditure\n2005-06                     Sub-station = Rs. 78.81 lakh\n                            Total       = Rs. 78.81 lakh\n\n \n\nTransmission asset-II \n Year                        Nature of expenditure\n2004-05                      Sub-station = Rs. 10.19 lakh\n2005-06                      Sub-station = Rs. 95.73 lakh\n                             Total       = Rs. 105.92 lakh\n\n \n\n<\/pre>\n
12. The additional capital expenditure claimed is within the original scope of work  and is found to be in order as it was against the committed liability. Accordingly, the  additional capital expenditure as claimed for the respective transmission asset has  been allowed.\n<\/p>\n
13. The Commission in its order dated 16.11.2006 in Petition No. 20\/2006 had  deliberated on value of initial spares to be considered. At that time the audited original  project cost of the transmission asset-II was not known, but the actual expenditure on  the date of commercial operation only was known. Therefore, the cost of initial spares  was restricted up to 1.5% of the capital cost as on 1.11.2004. Petition No. 20\/2006  covered only the transmission asset-II. Since now the petitioner has submitted the  audited capital cost as on 31.3.2006 for both the assets, the cost of initial spares has  been recalculated and restricted based on capital cost of the transmission scheme.  This has been discussed in the succeeding paragraphs.\n<\/p>\n
14. Since the dates of commercial operation of the transmission asset-I and the  transmission asset-II are 1.5.2005 and 1.11.2004 respectively, the original project cost  will be sum of the actual expenditure incurred up to 31.3.2007 in case of the  transmission asset-I and the actual expenditure incurred up to 31.3.2006 in case of  the transmission asset II. However, in case of the transmission asset- I the actual  expenditure incurred is available only up to 31.3.2006, so the same has been  considered for computing the original project as follows:\n<\/p>\n
For the transmission asset – I, the actual expenditure incurred up to 31.3.2006  is Rs. 1461.40 lakh including initial spares of Rs. 10.47 lakh and Rs. 1450.93  lakh, excluding initial spares.\n<\/p>\n
For the transmission asset – II, the actual expenditure incurred upto 31.3.2006  is Rs. 4109.14 lakh, including initial spares of Rs. 133.75 lakh and Rs. 3975.39  lakh excluding initial spares.\n<\/p>\n
Thus, the original project cost excluding initial spares works out to Rs. 5426.32  lakh (Rs. 1450.93 lakh + Rs. 3975.39 lakh).\n<\/p>\n
Original project cost = Original project cost excluding initial spares + 1.5% of  original project cost on account of initial spares.\n<\/p>\n
Original project cost = Rs. 5426.32 lakh+ 1.5% of original project cost on  account of initial spares.\n<\/p>\n
i.e. original project cost -1.5% original project cost = Rs. 5426.32 lakh.\n<\/p>\n
i.e. 98.5% of original project cost = Rs. 5426.32 lakh.\n<\/p>\n
Therefore, the original project cost is Rs. 5426.32 lakh\/0.985 =Rs. 5508.95 lakh.\n<\/p>\n
Therefore, the value of initial spares is restricted up to 1.5% of Rs. 5508.95 lakh <\/p>\n
i.e. Rs. 82.63 lakh.\n<\/p>\n
In case of transmission asset -I the initial spares of value Rs. 10.47 lakh have  been allowed as claimed by the petitioner. The initial spares for Rs. 72.16 lakh  (Rs. 82.63 lakh  Rs. 10.47 lakh) are allowable in case of transmission asset   II.\n<\/p>\n
15. Accordingly, for the purpose of computation of tariff, the capital cost works out  as follows:\n<\/p>\n
 The capital cost for the transmission asset – II as on 31.3.2006 = capital cost as  on 31.3.2006 excluding initial spares + allowable initial spares  i.e. Rs. 3975.39 lakh + Rs. 72.16 lakh = Rs. 4047.55 lakh  The actual expenditure on the date of commercial operation works out to Rs.  3941.63 lakh (Rs. 4047.55 lakh  Rs. 10.19 lakh Rs. 95.73 lakh).\n<\/p>\n
16. Based on the above, capital cost as given below has been considered for the  purpose of tariff for each of the transmission assets, after allowing additional  capitalization on works as claimed by the petitioner:\n<\/p>\n
                                                                      (Rs. in lakh)
\nName of the trans-     Capital cost on the    Additional capital     Capital expenditure
\nmission assets         date of commercial     expenditure            as on 31.3.2006
\n                       operation
\nTransmission asset-I          1382.59             78.81                   1461.40
\nTransmission asset-II         3941.63            105.92                   4047.55
\n      Total                   5324.22            184.73                   5508.95<\/p>\n
DEBT- EQUITY RATIO<\/p>\n
17. Clause (2) of Regulation 54 of the 2004 regulations inter alia provides that,-\n<\/p>\n
(2) In case of the transmission system for which investment approval was  accorded prior to 1.4.2004 and which are likely to be declared under  commercial operation during the period 1.4.2004 to 31.3.2009, debt and equity  in the ratio of 70:30 shall be considered:\n<\/p>\n
Provided that where equity actually employed to finance the project is  less then 30%, the actual debt and equity shall be considered for determination  of tariff:\n<\/p>\n
 Provided further that the Commission may in appropriate cases consider  equity higher than 30% for determination of tariff, where the transmission  licensee is able to establish to the satisfaction of the Commission that  deployment of equity higher than 30% was in the interest of general public.\n<\/p>\n
18. The note 1 below Regulation 53 lays down that any expenditure on account of  committed liabilities within the original scope of work is to be serviced in the normative  det-equity ratio specified in Regulation 54.\n<\/p>\n
19. The petitioner has considered debt-equity ratio as actually deployed on the  date of commercial operation of the respective asset. The petitioner has further  considered the additional capitalization in the debt-equity ratio of 70:30.\n<\/p>\n
20. We have considered debt-equity ratio as on the date of commercial operation  as claimed by the petitioner. The additional capitalisation on works has been  segregated into debt and equity in the normative debt-equity ratio of 70:30 in  accordance with Note 1 below Regulation 53. Therefore, debt-equity ratio and equity  considered for the purpose of tariff in each case is same as considered by the  petitioner and is as under:\n<\/p>\n
 Name of the trans-                 Debt-equity ratio             Equity (Rs. in lakh)\nmission assets\n                     As on date of com-    As on 31.3.2006  As on date of    As on 31.3.2006\n                     mercial operation                      commercial\n                                                            operation\nTransmission asset-I            70.:30               70:30         414.79            438.43\nTransmission asset-II      76.84:23.16         76.66:23.34         912.95            944.73\n\n \n\nRETURN ON EQUITY \n \n\n<\/pre>\n
21. 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
22. For the reasons recorded in para 20 above, equity as given in the table under  that para has been considered. However, tariff for the year 2004-05 and 2005-06 has  been allowed pro rata on average equity. Accordingly, return on equity allowed each  year during the tariff period is given hereunder:\n<\/p>\n
                                                                    (Rs. in lakh)
\nName of the transmission assets                  Return in Equity
\n                                          2004-05       2005-06       2006-09
\n                                         (Pro rata)    (Pro rata)    (Each year)
\nTransmission asset-I                        N.A.          54.75         61.38
\nTransmission asset-II                      53.34         130.25        132.26<\/p>\n
INTEREST ON LOAN <\/p>\n
23. Clause (i) of Regulation 56 of the 2004 regulations inter alia provides that,-\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 in accordance with Regulation 54 minus cumulative repayment as admitted by the Commission or any other authority having power to do so, up to 31.3.2004. The repayment for the period 2004-09 shall be worked out on a normative basis.\n<\/p>\n
(c) The transmission licensee shall make every effort to re-finance the loan as long as it results in net benefit to the beneficiaries. The costs associated with such re-financing shall be borne by the beneficiaries.\n<\/p>\n
(d) The changes to the loan terms and conditions shall be reflected from the date of such re-financing and benefit passed on to the beneficiaries.\n<\/p>\n
(e) In case of dispute, any of the parties may approach the Commission with proper application. However, the beneficiaries shall not withhold any payment ordered by the Commission to the transmission licensee during pendency of any dispute relating to re-financing of loan;\n<\/p>\n
(f) 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
(g) The transmission licensee shall not make any profit on account of re-financing of loan and interest on loan;\n<\/p>\n
(h) The transmission licensee may, at its discretion, swap loans having floating rate of interest with loans having fixed rate of interest, or vice versa, at its own cost and gains or losses as a result of such swapping shall accrue to the transmission licensee:\n<\/p>\n
 Provided that the beneficiaries shall be liable to pay interest for the loans initially contracted, whether on floating or fixed rate of interest.\n<\/p>\n
24. The petitioner has claimed interest on loan in the following manner:\n<\/p>\n
(i) Gross loan opening has been considered for 2004-05 or 2005-06 as the case may be;\n<\/p>\n
(ii) Gross loans on account of additional capital expenditure is added to the gross loan up to the date of commercial operation;\n<\/p>\n
(iii) On the basis of actual rate of interest on actual average loan, the weighted average rate of interest on loan is worked out for various years.\n<\/p>\n
(iv) Gross loan calculated has been considered as notional loan and the weighted average rate of interest on loan for respective years has been multiplied to arrive at interest on loan. For any year, higher of the depreciation and actual repayment has been considered as repayment.\n<\/p>\n
(v) Normative repayment has been worked out by the following formula:\n<\/p>\n
 Actual repayment of actual loan during the year\n<\/p>\n
———————————————–X Opening balance of normative
\nOpening balance of actual loan during the year
\nloan during the year<\/p>\n
(vi) On the basis of actual rate of interest on actual average loan, the weighted average rate of interest on loan is worked out for various years.\n<\/p>\n
(vii) Weighted average rate of interest on loan for respective years as per above has been has been multiplied to arrive at interest on loan.\n<\/p>\n
25. In our calculation, the interest on loan has been worked out as detailed below:\n<\/p>\n
(i) Gross amount of loan, repayment of instalments and rate of interest as per the loan reconciliation statements of 2004-05 and 2005-06 have been used to work out weighted average rate of interest on actual loan. It includes part corresponding to additional capital expenditure.\n<\/p>\n
(ii) Notional loan arising out of additional capitalization has been added in loan amount as on date of commercial operation to arrive at total notional loan. The adjusted gross loan has been considered as normative loan for tariff calculations.\n<\/p>\n
(iii) Tariff has been worked out considering normative loan and normative repayments. Once the normative loan is arrived at, it is considered for all purposes in the tariff. Normative repayment has been worked out by the following formula:\n<\/p>\n
 Actual repayment of actual loan during the year\n<\/p>\n
———————————————- X Opening balance of normative
\nOpening balance of actual loan during the year
\nloan during the year<\/p>\n
(iv) Moratorium in repayment of loan has been considered with reference to normative loan and if the normative repayment of loan during the year is less than the depreciation during the year, it is considered as moratorium and depreciation during the year is deemed as normative repayment of loan during the year. (v) Weighted average rate of interest on actual loan worked out as per (i) above has been applied on the notional average loan during the year to arrive at the interest on loan.\n<\/p>\n
(vi) In case of the transmission asset-I bridge financing of loan from IOB having a floating rate of interest 5.90% was replaced with Bond XVII having a fixed rate of interest of 7.39%. Therefore, weighted average rate of interest has been arrived at before calculating the interest pertaining to this loan, subject to mutual settlement between the parties in case of any change\/resetting of the interest rate during the tariff period.\n<\/p>\n
(vii) As regards the transmission asset II, The petitioner has considered funding of additional capital expenditure during 2005-06 from Bond XVIII which was drawn from 9.3.2006.The interest on Bond XVIII for working out weighted average rate of interest has been considered from 9.3.2006 on actual days basis for the remaining part of the year 2005-06 by the petitioner. However, as per methodology for the tariff block 2004-09, weighted average rate of interest has been worked out on average loan basis. Further, though the petitioner has considered Bond XVIII in opening gross loan, but as the same has been drawn during the year, it has not been considered in opening gross loan but added subsequently resulting in difference average value of loan.\n<\/p>\n
26. Based on the above, the year-wise details of interest worked out are given hereunder:<\/p>\n
\n \n\nTransmission asset-I \n                                                                      (Rs. in lakh)\nInterest on Loan                      2005-06       2006-07       2007-08       2008-09\n                                    (Pro rata)\nOpening gross Loan                    967.80        1022.97       1022.97       1022.97\nCumulative Repayment up to\nPrevious Year                           0.00          46.93        108.55        180.03\nNet Loan-Opening                      967.80         976.04        914.42        842.94\nAddition due to Additional\nCapitalization                         55.17            -             -             -\nRepayment during the year              46.93          61.62         71.48         71.48\nNet Loan-Closing                      976.04         914.42        842.94        771.46\nAverage Loan                          971.92         945.23        878.68        807.20\nWeighted Average Rate of\nInterest on Loan                       8.29%          8.29%         8.28%         8.27%\nInterest                               73.87          78.38         72.73         66.76\n\n \n\nTransmission asset-II \n                                                                           (Rs. in lakh)\nInterest on Loan                  2004-05     2005-06     2006-07    2007-08   2008-09\n                                 (Pro rata)\nOpening gross Loan                3028.68     3035.81     3102.82    3102.82   3102.82\nCumulative Repayment up\nto Previous Year                     0.00       59.20      203.19     412.16    650.23\nNet Loan-Opening                  3028.68     2976.61     2899.63    2690.66   2452.59\nAddition due to Additional\nCapitalization                       7.13       67.01         -         -          -\nRepayment during the year           59.20      143.99      208.97     238.07    238.07\nNet Loan-Closing                  2976.61     2899.63     2690.66    2452.59   2214.52\nAverage Loan                      3002.64     2938.12     2795.14    2571.62   2333.55\nWeighted Average Rate of\nInterest on Loan                    8.39%       8.39%       8.38%      8.37%     8.37%\nInterest                           104.99      246.50      234.21     215.20    195.22\n\n \n\n<\/pre>\n
27. The detailed calculations in support of interest on loan are attached an Annexure I to this order.\n<\/p>\n
 DEPRECIATION <\/p>\n
28. 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
29. The calculations in support of depreciation allowed on the basis of capital cost as per para 16 above, are appended below:<\/p>\n
\n \n\nTransmission asset-I \n                                                                    (Rs. in lakh)\n                                   2005-06       2006-07     2007-08     2008-09\n                                 (Pro rata)\nGross Block                       1382.59        1461.40     1461.40     1461.40\nAddition due to Additional          78.81\nCapitalization\nGross Block                       1461.40        1461.40     1461.40     1461.40\nRate of Depreciation              3.6000%        3.6000%     3.6000%     3.6000%\nDepreciable Value                 1279.80        1315.26     1315.26     1315.26\nBalance Useful life of the asset      -             -           -           -\nRemaining Depreciable Value       1279.80        1268.33     1206.71     1135.23\nDepreciation                        46.93          52.61       52.61       52.61\n\n \n\nTransmission asset-II \n                                                                     (Rs. in lakh)\n                                   2004-05       2005-06     2006-07     2007-08   2008-09\n                                 (Pro rata)\nGross Block                       3941.63        3951.82     4047.55     4047.55   4047.55\nAddition due to Additional\nCapitalisation                      10.19          95.73\nGross Block                       3951.82        4047.55     4047.55     4047.55   4047.55\nRate of Depreciation              3.6000%        3.6000%     3.6000%     3.6000%   3.6000%\nDepreciable Value                 3552.05        3599.72     3642.80     3642.80   3642.80\nBalance Useful life of the asset     -              -           -           -          -\nRemaining Depreciable Value       3552.05        3540.52     3439.61     3230.63   2992.56\nDepreciation                        59.20         143.99      145.71      145.71    145.71\n\n \n\nADVANCE AGAINST DEPRECIATION \n \n\n30. 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 \n\n<\/pre>\n
31. 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
32. In addition to Cumulative depreciation up to 2003-04 (excluding Advance  Against Depreciation) as per last tariff setting, depreciation on FERV for the period  2001-04 has been added to arrive at total cumulative depreciation amount as on  31.03.2004.\n<\/p>\n
33. The petitioner has claimed Advance Against Depreciation in the following manner:\n<\/p>\n
(i) 1\/10th of gross loan is worked out from the gross notional loan.\n<\/p>\n
(ii) Cumulative loan as well as repayment of notional loan during the year have been considered.\n<\/p>\n
(iii) Depreciation as claimed in the petition.\n<\/p>\n
34. In our calculation, the Advance Against Depreciation has been worked out as under:\n<\/p>\n
(i) 1\/10th of gross loan is worked out from the gross notional loan as per para 26 above.\n<\/p>\n
(ii) Repayment of cumulative loan as well as repayment of notional loan during the year have been considered as per para 26 above.\n<\/p>\n
(iii) Depreciation worked out in para 29 above has been considered.\n<\/p>\n
35. The details of Advance Against Depreciation allowed for transmission scheme are given hereunder:<\/p>\n
\n \n\nTransmission asset-I \n                                                                      (Rs. in lakh)\n                                  2005-06        2006-07     2007-08      2008-09\n1\/10th of Gross Loan(s)             96.78         102.30      102.30       102.30\nRepayment of the Loan               46.93          61.62       71.48        71.48\nMinimum of the above                46.93          61.62       71.48        71.48\nDepreciation during the year        46.93          52.61       52.61        52.61\n(A) Difference                       0.00           9.01       18.87        18.87\nCumulative Repayment of the Loan    46.93         108.55      180.03       251.51\nCumulative Depreciation\/Advance\nagainst Depreciation                46.93          99.54      161.16       232.64\n(B) Difference                       0.00           9.01       18.87        18.87\nAdvance against Depreciation\nMinimum of (A) and (B)               0.00           9.01       18.87        18.87\n\n \n\nTransmission asset-II \n                                                                      (Rs. in lakh)\n                                  2004-05       2005-06      2006-07   2007-08    2008-09\n1\/10th of Gross Loan(s)            302.87        303.58       310.28    310.28     310.28\nRepayment of the Loan               59.20        143.99       208.97    238.07     238.07\nMinimum of the above                59.20        143.99       208.97    238.07     238.07\nDepreciation during the year        59.20        143.99       145.71    145.71     145.71\n(A) Difference                       0.00          0.00        63.26     92.36      92.36\nCumulative Repayment of the Loan    59.20        203.19       412.16    650.23     888.30\nCumulative Depreciation\/Advance\nagainst Depreciation                59.20        203.19       348.90    557.87     795.94\n(B) Difference                       0.00          0.00        63.26     92.36      92.36\nAdvance against Depreciation\nMinimum of (A) and (B)               0.00          0.00        63.26     92.36      92.36\n\n \n\nOPERATION & MAINTENANCE EXPENSES \n \n\n<\/pre>\n
36. In accordance with Clause (iv) of Regulation 56 the 2004 regulations, the following norms are prescribed for O & M expenses
\n                                                         Year
\n                                       2004-05    2005-06    2006-07   2007-08    2008-09
\nO&M expenses (Rs in lakh per ckt-km)     0.227      0.236      0.246     0.255      0.266
\nO&M expenses (Rs in lakh per bay)        28.12      29.25      30.42     31.63      32.90<\/p>\n
37. The petitioner has claimed following O & M expenses each asset, which haves  been allowed. Accordingly, the petitioners entitlement to O & M expenses in respect  of transmission asset-I has been worked out as given hereunder:\n<\/p>\n
                                                                         (Rs. in lakh)
\n                                        2005-06     2006-07     2007-08     2008-09
\n                                      (Pro rata)
\nAllowable O & M for 1 nos bays          26.81         30.42       31.63       32.90
\nTotal                                   26.81         30.42       31.63       32.90<\/p>\n<\/blockquote>\n
38. There is no change in O & M expenses approved under order dated 16.11.2006 in respect of the transmission asset-II.\n<\/p>\n
 39. 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
40. The components of the working capital and the interest thereon are discussed hereunder:\n<\/p>\n
 (i) Maintenance spares <\/p>\n
 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 which has been  considered as the historical cost for the purpose of the present petition and  maintenance spares have been worked out accordingly by escalating 1% of the  historical cost @ 6% per annum. The necessary details are given hereunder:<\/p>\n
\n Name of the Transmission  Date of Commercial  Capital Expenditure    Spares Cost\nassets                    Operation           (Rs. in lakh) on the  (Rs. in lakh)\n                                              date of commercial\n                                              operation\nTransmission asset-I      1.5.2005            1382.59                  13.83\nTransmission asset-II     1.11.2004           3930.01                  39.42\n\n \n\n (ii) O & M expenses \n \n\n<\/pre>\n
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 <\/p>\n
As per Regulation 56(v)(1) of the 2004 regulations, receivables will be equivalent to two months average billing calculated on target availability level.\n<\/p>\n
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 and 1.4.2005, which is in accordance with the 2004 regulations and has been allowed.\n<\/p>\n
41. The necessary computations in support of interest on working capital are appended below:<\/p>\n
\n \n\nTransmission asset-II \n                                                                   (Rs. in lakh)\n                             2005-06      2006-07       2007-08         2008-09\n                            (Pro rata)\nMaintenance Spares            13.83        14.59          15.46           16.39\nO & M expenses                 2.44         2.54           2.64            2.74\nReceivables                   37.71        39.60          40.54           39.76\n  Total                       53.98        56.72          58.64           58.89\nInterest                       5.07         5.81           6.01           6.04\n\n \n\nTransmission asset-II \n                                                                         (Rs. in lakh)\n                             2004-05      2005-06       2006-07      2007-08   2008-09\n                            (Pro rata)\nMaintenance Spares            39.42         40.40         42.83       45.40     48.12\nO & M expenses                 7.03          7.31          7.61        7.91      8.23\nReceivables                  103.64        104.01        113.92      116.30    113.61\nTotal                        150.08        151.72        164.36      169.60    169.96\nInterest                       6.41         15.55         16.85       17.38     17.42\n\n \n\nTRANSMISSION CHARGES \n \n\n<\/pre>\n
42. A summary sheet showing basic details of capital cost and other related aspects are attached as Annexure II to this order. The transmission charges being allowed for the the transmission assets covered under transmission scheme are summarized below. <\/p>\n
\n \n\nTransmission asset-I \n                                                                (Rs. in lakh)\n                             2005-06      2006-07       2007-08     2008-09\n                            (Pro rata)\nDepreciation                  46.93         52.61         52.61       52.61\nInterest on Loan              73.87         78.38         72.73       66.76\nReturn on Equity              54.75         61.38         61.38       61.38\nAdvance against Depreciation   0.00          9.01         18.87       18.87\nInterest on Working Capital    5.07          5.81          6.01        6.04\nO & M Expenses                26.81         30.42         31.63       32.90\n  Total                      207.43        237.61        243.23      238.55\n \n\nTransmission asset-II \n                                                                (Rs. in lakh)\n                            2004-05     2005-06     2006-07     2007-08     2008-09\n                           (Pro rata)\nDepreciation                  59.20      143.99      145.71      145.71      145.71\nInterest on Loan             104.99      246.50      234.21      215.20      195.22\nReturn on Equity              53.34      130.25      132.26      132.26      132.26\nAdvance against Depreciation   0.00        0.00       63.26       92.36       92.36\nInterest on Working Capital    6.41       15.55       16.85       17.38       17.42\nO & M Expenses                35.15       87.75       91.26       94.89       98.70\nTotal                        259.09      624.05      683.55      697.81      681.67\n\n \n\n<\/pre>\n
43. 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 Southern Region and shall be shared by the regional  beneficiaries in accordance with the 2004 regulations.\n<\/p>\n
44. The petitioner has sought approval for the reimbursement of expenditure of  Rs. 90, 553-\/incurred on publication of notices in the newspapers. The petitioner shall  claim reimbursement of the said expenditure directly from the respondent in one  installment. The petitioner has also sought reimbursement of filing fee of Rs. 5 lakh  paid. A final view on reimbursement of filing fee is yet to be taken by the Commission  for which views of the stakeholder have been called for. The view taken on  consideration of the comments received shall apply in the present case as regards  reimbursement of filing fee.\n<\/p>\n
45. The petitioner is already billing the respondents on provisional basis in  accordance with the order dated 13.2.2006 in Petition No. 96\/2005 in respect of the  transmission asset-I. The provisional billing of tariff shall be adjusted in the light of  final tariff now approved by us. In case of the transmission asset-II, the revised  transmission charges as now approved shall be claimed in supersession of the  transmission charges approved under order dated 16.11.2006.\n<\/p>\n
46. This order disposes of Petition No. 129\/2006.<\/p>\n","protected":false},"excerpt":{"rendered":"
Central Electricity Regulatory Commission Power Grid Corporation Of India … vs Karnataka Power Transmission … on 23 March, 2007 Bench: A Basu, B Bhushan ORDER 1. The petition has been filed (a) for approval of transmission tariff for 40% Fixed Series Compensation on Gooty-Neelmangala 400 kV S\/C transmission line-II at Gooty (hereinafter referred to as […]<\/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-201190","post","type-post","status-publish","format-standard","hentry","category-judgements"],"yoast_head":"\nPower Grid Corporation Of India ... vs Karnataka Power Transmission ... on 23 March, 2007 - 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-karnataka-power-transmission-on-23-march-2007\" \/>\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 Karnataka Power Transmission ... on 23 March, 2007 - Free Judgements of Supreme Court & High Court | Legal India\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007\" \/>\n<meta property=\"og:site_name\" content=\"Free Judgements of Supreme Court & High Court | Legal India\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2007-03-22T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-09-20T15:22:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@legaliadmin\" \/>\n<meta name=\"twitter:site\" content=\"@Legal_india\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"23 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"Power Grid Corporation Of India … vs Karnataka Power Transmission … on 23 March, 2007\",\"datePublished\":\"2007-03-22T18:30:00+00:00\",\"dateModified\":\"2015-09-20T15:22:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007\"},\"wordCount\":3975,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"articleSection\":[\"Judgements\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007\",\"name\":\"Power Grid Corporation Of India ... vs Karnataka Power Transmission ... on 23 March, 2007 - Free Judgements of Supreme Court & High Court | Legal India\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\"},\"datePublished\":\"2007-03-22T18:30:00+00:00\",\"dateModified\":\"2015-09-20T15:22:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Power Grid Corporation Of India … vs Karnataka Power Transmission … on 23 March, 2007\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"name\":\"Free Judgements of Supreme Court & High Court | Legal India\",\"description\":\"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"alternateName\":\"Free judgements of Supreme Court & High Court of India | Legal India\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\",\"name\":\"Judgements of Supreme Court & High Court | Legal India\",\"alternateName\":\"Legal India\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"width\":512,\"height\":512,\"caption\":\"Judgements of Supreme Court & High Court | Legal India\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\",\"https:\\\/\\\/x.com\\\/legaliadmin\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/author\\\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Power Grid Corporation Of India ... vs Karnataka Power Transmission ... on 23 March, 2007 - Free Judgements of Supreme Court & High Court | Legal India","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007","og_locale":"en_US","og_type":"article","og_title":"Power Grid Corporation Of India ... vs Karnataka Power Transmission ... on 23 March, 2007 - Free Judgements of Supreme Court & High Court | Legal India","og_url":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007","og_site_name":"Free Judgements of Supreme Court & High Court | Legal India","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2007-03-22T18:30:00+00:00","article_modified_time":"2015-09-20T15:22:04+00:00","og_image":[{"width":512,"height":512,"url":"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1","type":"image\/jpeg"}],"author":"Legal India Admin","twitter_card":"summary_large_image","twitter_creator":"@legaliadmin","twitter_site":"@Legal_india","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"23 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"Power Grid Corporation Of India … vs Karnataka Power Transmission … on 23 March, 2007","datePublished":"2007-03-22T18:30:00+00:00","dateModified":"2015-09-20T15:22:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007"},"wordCount":3975,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"articleSection":["Judgements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007","url":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007","name":"Power Grid Corporation Of India ... vs Karnataka Power Transmission ... on 23 March, 2007 - Free Judgements of Supreme Court & High Court | Legal India","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/#website"},"datePublished":"2007-03-22T18:30:00+00:00","dateModified":"2015-09-20T15:22:04+00:00","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/judgments\/power-grid-corporation-of-india-vs-karnataka-power-transmission-on-23-march-2007#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/judgments\/"},{"@type":"ListItem","position":2,"name":"Power Grid Corporation Of India … vs Karnataka Power Transmission … on 23 March, 2007"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/judgments\/#website","url":"https:\/\/www.legalindia.com\/judgments\/","name":"Free Judgements of Supreme Court & High Court | Legal India","description":"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.","publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"alternateName":"Free judgements of Supreme Court & High Court of India | Legal India","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/judgments\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/judgments\/#organization","name":"Judgements of Supreme Court & High Court | Legal India","alternateName":"Legal India","url":"https:\/\/www.legalindia.com\/judgments\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/","url":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","contentUrl":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","width":512,"height":512,"caption":"Judgements of Supreme Court & High Court | Legal India"},"image":{"@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/judgments\/author\/legal-india-admin"}]}},"modified_by":null,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/201190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/comments?post=201190"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/201190\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/media?parent=201190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/categories?post=201190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/tags?post=201190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}