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Tata Steel Limited (TSL), formerly known as Tata Iron and Steel Company Limited
(TISCO), is a company incorporated under the provisions of the Companies Act, TSL is distributing electricity in Jamshedpur Township through a License granted under Section14 of the Electricity Act 2003.
TISCO had been distributing electricity in Jamshedpur Township since 1923 through a sanction/license granted under section 28(1) of the erstwhile Indian Electricity Act 1910. After this Act was repealed by the introduction of the Electricity Act 2003, TISCO filed an application for a Distribution License for Jamshedpur Township on December 24, 2003 under Section 15 of the 2003 Act. In the absence of final regulations and in view of the provisions of Section 14 proviso one and Section 172 (b) of the Electricity Act 2003, JSERC by order dated March 24, 2004 permitted the applicant to continue operating under the provisions of the repeated Act till the time new regulations regarding the same were notified by the Commission. After notification of the JSERC Regulations, administrative action for issue of license was initiated and subsequently license was issued to TSL on January 12, 2006 w.e.f. March 24, 2004.
TSL has filed ARR and tariff determination petitions for FY 2007-08, FY 2008-09 and FY 2009 10 with the Jharkhand State Electricity Regulatory Commission (JSERC) in accordance with Sections 45, 46, 61, 62 and 86 of the Electricity Act, 2003 and as per the regulations of the JSERC (Terms and Conditions for Distribution Tariff) Regulation, 2004.
1. Brief Overview of the Tariff Petitions
Summary of Tariff Petition for FY 2007-08
The ARR summary for FY 2006-07 and FY 2007-08 as filed in the tariff petition for FY 2007-08 is outlined below:
| Annual Revenue Requirement (Rs crores) |
FY 2007-08 Projected |
| Costs |
|
| Power Purchase Cost |
328.01 |
| Employee Cost |
7.29 |
| R&M Expenses |
16.25 |
| A&G Expenses |
5.50 |
| Interest & Finance Charges |
9.26 |
| Depreciation |
8.03 |
| Income Tax |
4.96 |
| Total Costs |
379.3 |
| Add: Reasonable Return |
6.30 |
| Less: Non-tariff Income |
4.06 |
| Annual Revenue Requirement |
381.54 |
| Expected Revenue from Sale of Electricity |
384.86 |
| Revenue(Gap)/Surplus |
3.32 |
Summary of Tariff Petition for FY 2008-09
The ARR summary for FY 200708 and FY 2008-08 as filed in the tariff petition for FY 2008-09 is outlined below:
| Annual Revenue Requirement (Rs crores) |
FY 2008-09 Projected |
| Costs |
|
| Power Purchase Cost |
378.43 |
| Employee Expenses |
0.97 |
| Overhead Expenses |
3.80 |
| Operation and R & M-JUSCO |
23.80 |
| Billing & Collection Expenses |
0.90 |
| Electricity Duty |
2.47 |
| A&G Expenses |
5.10 |
| Interest & Finance Charges |
6.68 |
| Interest on Security Deposit |
0.15 |
| Depreciation |
5.30 |
| Total Expenses |
427.60 |
| Appropriations |
|
| Previous years’ Surplus/Loss |
|
| Surplus of FY 06 |
|
| Surplus of FY 07 |
|
| Surplus of FY 08 |
-18.79 |
| Income Tax |
3.29 |
| Net Expenditure |
412.10 |
| Add: Reasonable Return |
6.63 |
| Less: Non-tariff Income |
5.61 |
| Aggregate Revenue Requirement |
413.11 |
| Revenue Realized |
412.86 |
| Projected Surplus/(Shortfall) |
(0.2476) |
Summary of Tariff Petition for FY 2009-10
The ARR summary for FY 2007-08, FY2008-09 and FY2009-10 as filed in the tariff petition For FY 2009-10 is outlined below:
| Annual Revenue Requirement (Rs crores) |
FY 2007-08 Provisional |
FY2008-09 Provisional |
FY2009-10Projected |
| Costs |
|
|
|
| Power Purchase Cost |
313.49 |
392.29 |
426.21 |
| O&M Expenses |
31.47 |
39.52 |
43.47 |
| Interest & Finance Charges |
9.06 |
9.98 |
11.80 |
| Depreciation |
5.14 |
5.11 |
5.74 |
| Income Tax |
5.69 |
6.01 |
7.23 |
| Total Costs |
364.85 |
452.91 |
494.46 |
| Add: Reasonable Return |
5.19 |
5.23 |
6.42 |
| Less: Non-tariff Income |
5.61 |
3.16 |
3.17 |
| Annual Revenue Requirement |
364.44 |
454.98 |
497.71 |
| Revenue @Existing Tariff |
380.13 |
443.59 |
458.91 |
| Collection Efficiency |
96.17% |
97.81% |
98.00% |
| Revenue @Existing Tariff (at 98% Collection Efficiency for FY2009-10) |
365.58 |
433.89 |
449.74 |
| Cum.(Gap)/Surplus from FY06 &FY07 |
|
15.98 |
|
| Revenue(Gap)/Surplus |
1.14 |
(21.09) |
(47.97) |
| Cumulative (Gap)/Surplus |
|
|
51.94 |
It is proposed to recover only the gap attributable to FY 09-10 ( Rs.47.97 Cr.) by increase in tariff and the remaining portion ( Rs.3.97 Cr.) related to previous Financial Years to be considered as a Regulatory Asset as specified under the National Tariff Policy.
Summary of Proposed Tariff for FY 2009-10
A brief summary of the proposed tariff for FY 2009-10 is outlined below:
Consumer
Category
and
consumption slabs |
Fixed Charges |
EnergyCharge
(Rs./kwh) |
| |
Unit |
Existing |
Proposed |
Existing |
Proposed |
| |
1.70 |
1.70 |
| DS I (0-100 units) |
Rs./Connection/
Month |
Rs.10(220V,
05kW)/Rs.20(440V
,>5kW) |
Rs.40permonth(0-20kW)/
Rs.4/kW per
month(>20kW) |
2.80 |
3.15 |
| DSII(101-400 units) |
3.00 |
3.40 |
| DSIII(>401 units) |
3.00 |
3.40 |
Domestic
Temporary
Supply |
- |
- |
- |
3.00 |
3.40 |
Domestic
High Tension
(DS-HT) |
Rs./Connection
/month |
Rs.275 |
Rs.100/kVA per month |
|
|
Commercial
category |
Connection
/Month |
Rs.25(220V)/
Rs.75(440V) |
Rs.100 per month (0-20kW)/
Rs.100/kW
per month(>20 kW) |
4.30 |
4.50 |
| High Tension I |
Rs./kVA/
Month |
220 |
215 |
3.30 |
3.65 |
| High Tension II |
200 |
215 |
3.25 |
3.60 |
| High Tension III |
180 |
195 |
3.20 |
3.55 |
| Utilities/Street Light |
- |
- |
- |
2.90 |
2.95 |
| Temporary Supply |
- |
- |
- |
5.00 |
5.00 |
| Sale to Jusco |
- |
- |
- |
2.92/2.72 |
3.13/2.93 |
2. Copies of the tariff petitions can be obtained by any interested person(s) on written request from the office of the Tata Steel Limited on Payment of Rs.25/-per petition in cash or DD/Pay Order payable at Jamshedpur in favour of
......................................
3. Any interested person(s) may download the tariff petition from our website having address
4. Any interested person(s) may submit objections/comments/suggestions in English or in Hindi, on the following address with a copy to the Secretary, Jharkhand State Electricity Regulatory Commission, 2nd Floor, Rajendra Jawan Bhawan-cum-Sainik Bazar, Main Road, Ranchi-834001. It should carry the full name, postal address and e-mail address, if any, of the sender.
5. TSL shall reply to each of the objections/comments/suggestions received within Seven days of the receipt of the same.
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