Before the MAHARASHTRA ELECTRICITY REGULATORY … · 2020-03-31 · Before the MAHARASHTRA...

Before the

MAHARASHTRA ELECTRICITY REGULATORY COMMISSION

World Trade Centre, Centre No.1, 13th Floor, Cuffe Parade, Mumbai – 400 005

Tel. 022 - 22163964/ 65/ 69 Fax No. 022 - 22163976

Email: [email protected]

Website: www.merc.gov.in

CASE No. 322 of 2019

Case of Maharashtra State Electricity Distribution Company Limited for Truing-up of

Aggregate Revenue Requirement (ARR) of FY 2017-18 and FY 2018-19, Provisional

Truing-up of ARR of FY 2019-20 and Projections of ARR and determination for the 4th

Multi Year Tariff Control Period FY 2020-21 to FY 2024-25

Coram

I. M. Bohari, Member

Mukesh Khullar, Member

ORDER

Date: 30 March, 2020

Maharashtra State Electricity Distribution Company Limited (MSEDCL or Petitioner),

“Prakashgad”, Anant Kanekar Marg, Bandra (East), Mumbai has filed has filed a Petition on

27 November, 2019 for Truing-up of ARR for FY 2017-18 and FY 2018-19, Provisional

Truing-up of ARR for FY 2019-20 and ARR and Tariff for Multi Year Tariff (MYT) 4th

Control Period from FY 2020-21 to FY 2024-25.

The Petition has been submitted in accordance with the MERC (Multi Year Tariff) Regulations

2015 (“MYT Regulations, 2015”), for Truing-up of ARR for FY 2017-18, FY 2018-19 ,

Provisional Truing-up of ARR for FY 2019-20 and in accordance with MERC (Multi Year

Tariff) Regulations 2019 (“MYT Regulations, 2019”) for ARR of Control Period FY 2020-21

and FY 2024-25.

The Commission, in exercise of the powers vested in it under Sections 61, 62 and 86 of the

Electricity Act, 2003 (EA, 2003) and all other powers enabling it in this behalf, and after taking

into consideration all the submissions made by MSEDCL , and in the public consultation

process, and all other relevant material, has approved the Truing-up of ARR for FY 2017-18

and FY 2018-19, Provisional Truing-up of ARR for FY 2019-20 and ARR and Tariff of Control

Period FY 2020-21 to FY 2024-25 in this Order.

mailto:[email protected]://www.merc.gov.in/

Approval of Truing-up for FY 2017-18 and FY 2018-19, Provisional Truing-up for FY 2019-20 and ARR for

4th Control Period from FY 2020-21 and FY 2024-25 for MSEDCL.

MERC Order – Case No. 322 of 2019 Page 1 of 752

TABLE OF CONTENTS

1 BACKGROUND AND SALIENT FEATURES OF THE ORDER ................................ 22

1.1 Background ............................................................................................................... 22

1.2 Admission of the Petition and Regulatory Process ................................................... 23

1.3 Organisation of the Order .......................................................................................... 27

2 SUGGESTIONS/OBJECTIONS, MSEDCL’S RESPONSE AND COMMISSION’S RULINGS ................................................................................................................................ 28

2.1 TVS and Public Consultation Process ....................................................................... 28

2.2 Agricultural Tariff and Sales, Power Supply to Agriculture and Distribution loss .. 29

2.3 Increase in Fixed / Demand Charges......................................................................... 36

2.4 Wheeling charges ...................................................................................................... 41

2.5 Power Purchase ......................................................................................................... 43

2.6 Revenue Gap ............................................................................................................. 47

2.7 kVAh based Billing ................................................................................................... 49

2.8 Recording of Maximum Demand .............................................................................. 53

2.9 Load Factor Incentive................................................................................................ 55

2.10 Power Factor Incentive .......................................................................................... 57

2.11 Prepaid Meter Rebate ............................................................................................ 58

2.12 Penalty on Contract Demand Violations ............................................................... 59

2.13 Harmonic Penalty .................................................................................................. 61

2.14 Metering Faults, Meter Readings and Billing Issues ............................................. 65

2.15 Capital Expenditure and Capitalisation ................................................................. 68

2.16 Schedule of Charges .............................................................................................. 69

2.17 Applicability of Standby Charges for SEZs/Railways .......................................... 73

2.18 Accountability of Distribution Franchisees ........................................................... 76

2.19 Rebate on Incremental Power Consumption ......................................................... 78

2.20 Additional Surcharge ............................................................................................. 80

2.21 Power Supply and Distribution.............................................................................. 83

2.22 Increase in Tariff ................................................................................................... 84

2.23 Fuel Adjustment Cost ............................................................................................ 92

2.24 Tariff for EV Charging Stations ............................................................................ 94

2.25 Time of Day tariff .................................................................................................. 95

2.26 Tariff Re-categorisation ......................................................................................... 99

2.27 Cross Subsidy and Cross Subsidy surcharge ....................................................... 103

2.28 Open Access ........................................................................................................ 106

2.29 Revision in definition of Billing Demand ........................................................... 109

2.30 Standard of Performance and Efficiency of Administration ............................... 112




2.31 Financial Management ........................................................................................ 115

2.32 Differentiation in Tariff ....................................................................................... 116

2.33 Grid Support Charges .......................................................................................... 117

2.34 Implementation issues in Net Metering ............................................................... 125

2.35 Additional Demand Charges for RE Rooftop Power Plants ................................ 127

2.36 Renewable Purchase Obligations (RPO) ............................................................. 128

2.37 Opex Scheme ....................................................................................................... 129

3 IMPACT RECONCILIATION OF OPENING GFA ..................................................... 131

3.1 Background ............................................................................................................. 131

4 TRUE-UP OF FY 2017-18 AND FY 2018-19 ............................................................... 136

4.1 Background ............................................................................................................. 136

4.2 Sales in FY 2017-18 and FY 2018-19 ..................................................................... 136

4.3 Energy Balance for FY 2017-18 and FY 2018-19 .................................................. 152

4.4 Distribution Losses for FY 2017-18 and FY 2018-19 ............................................ 159

4.5 Power Purchase Expenses for FY 2017-18 and FY 2018-19 .................................. 161

4.6 Intra State Transmission Charges and MSLDC Charges for FY 2017-18 and FY 2018-19 182

4.7 O&M Expenses for FY 2017-18 and FY 2018-19 .................................................. 183

4.8 Capital Expenditure and Capitalization for FY 2017-18 and FY 2018-19 ............. 192

4.9 Depreciation for FY 2017-18 and FY 2018-19 ....................................................... 197

4.10 Interest Expenses for FY 2017-18 and FY 2018-19 ............................................ 201

4.11 Return on Equity for FY 2017-18 and FY 2018-19 ............................................ 206

4.12 Interest on Working Capital for FY 2017-18 and FY 2018-19 ........................... 209

4.13 Other Finance Charges for FY 2017-18 and FY 2018-19 ................................... 214

4.14 Provision for Bad Debts for FY 2017-18 and FY 2018-19 ................................. 215

4.15 Other Expenses for FY 2017-18 and FY 2018-19 ............................................... 218

4.16 Contribution to Contingency Reserves for FY 2017-18 and FY 2018-19 .......... 221

4.17 Income Tax for FY 2017-18 and FY 2018-19 ..................................................... 222

4.18 Incentives and Discounts for FY 2017-18 and FY 2018-19 ................................ 223

4.19 RLC Refund for FY 2017-18 and FY 2018-19 ................................................... 224

4.20 Additional Supply Charge Refund for FY 2015-16 ............................................ 225

4.21 Revenue for FY 2017-18 and FY 2018-19 .......................................................... 226

4.22 Non-Tariff Income for FY 2017-18 and FY 2018-19 ......................................... 229

4.23 Income from Wheeling Charges for FY 2017-18 and FY 2018-19 .................... 232

4.24 Income from Additional Surcharge for FY 2017-18 and FY 2018-19 ................ 232

4.25 Income from Open Access Charges .................................................................... 233

4.26 Income from Trading Surplus Power .................................................................. 236




4.27 Impact of Payment to MPECS for FY 2017-18 and FY 2018-19 ....................... 237

4.28 Past Period Adjustment by Commission ............................................................. 238

4.29 Sharing of Efficiency Gains and Losses for FY 2017-18 and FY 2018-19 ........ 238

4.30 Aggregate Revenue Requirement for FY 2017-18 and FY 2018-19 ................... 246

5 PROVISIONAL TRUE-UP FOR FY 2019-20 .............................................................. 252

5.1 Provisional Sales for FY 2019-20 ........................................................................... 252

5.2 Energy Balance for FY 2019-20 ............................................................................. 254

5.3 Distribution Loss for FY 2019-20 ........................................................................... 257

5.4 Power Purchase Expense for FY 2019-20............................................................... 259

5.5 Intra State Transmission Charges for FY 2019-20.................................................. 264

5.6 O&M Expenses for FY 2019-20 ............................................................................. 265

5.7 Capital Expenditure and Capitalization for FY 2019-20 ........................................ 268

5.8 Depreciation for FY 2019-20 .................................................................................. 273

5.9 Interest Expenses for FY 2019-20 ........................................................................... 274

5.10 Other Finance Charges ........................................................................................ 276

5.11 Return on Equity for FY 2019-20 ........................................................................ 278

5.12 Interest on Working Capital for FY 2019-20 ...................................................... 280

5.13 Provision for Bad Debts for FY 2019-20 ............................................................ 284

5.14 Other Expenses for FY 2019-20 .......................................................................... 286

5.15 Contribution to Contingency Reserves for FY 2019-20 ...................................... 288

5.16 Income Tax for FY 2019-20 ................................................................................ 290

5.17 Incentives and Discounts for FY 2019-20 ........................................................... 290

5.18 RLC Refund for FY 2019-20 ............................................................................... 291

5.19 Non-Tariff Income for FY 2019-20..................................................................... 292

5.20 Income from Wheeling Charges for FY 2019-20 ................................................ 293

5.21 Income from Open Access Charges for FY 2019-20 .......................................... 294

5.22 Impact of payment to MPECS in FY 2019-20 .................................................... 295

5.23 Past period Adjustment allowed by Commission for FY 2019-20 ...................... 296

5.24 Revenue Gap Recovery Allowed for FY 2019-20 .............................................. 296

5.25 Revenue for FY 2019-20 ..................................................................................... 297

5.26 Income from Additional Surcharge for FY 2019-20 ........................................... 298

5.27 Income from Trading of Surplus Power .............................................................. 299

5.28 Segregation of Wires and Supply ARR ............................................................... 299

5.29 Aggregate Revenue Requirement for FY 2019-20 .............................................. 300

6 PROJECTION OF AGGREGATE REVENUE REQUIREMENT FOR FOURTH CONTROL PERIOD FROM FY 2020-21 TO FY 2024-25 .................................................. 306

6.1 Background ............................................................................................................. 306




6.2 Segregation of Wires and Supply Business for Control Period .............................. 306

6.3 Sales projections for Forth Control Period .............................................................. 307

6.4 Distribution Loss for Fourth Control Period ........................................................... 329

6.5 Energy Balance for 4th Control Period from FY 2020-21 to FY 2024-25 .............. 330

6.6 Power Purchase Expenses for 4th Control Period FY 2020-21 to FY 2024-25 ....... 339

6.7 Intra State Transmission Charges and MSLDC Charges ........................................ 363

6.8 O&M Expenses for Fourth Control Period from FY 2020-21 to FY 2024-25 ....... 365

6.9 Opex for the Fourth Control Period from FY 2020-21 to FY 2024-25................... 369

6.10 Capital Expenditure and Capitalization for 4th Control Period ........................... 376

6.11 Depreciation for Fourth Control Period from FY 2020-21 to FY 2024-25 ......... 380

6.12 Interest on Long-Term Loan for Fourth Control Period ...................................... 381

6.13 Return on Equity for Fourth Control Period ........................................................ 383

6.14 Interest on Working Capital for Fourth Control Period ...................................... 388

6.15 Other Finance Charges for Fourth Control Period .............................................. 393

6.16 Provision for Bad Debts for Fourth Control Period ............................................ 394

6.17 Other Expenses for Fourth Control Period .......................................................... 396

6.18 Contribution to Contingency Reserves for FY 2018-19 and FY 2019-20 .......... 397

6.19 Incentives and Discounts for Fourth Control Period ........................................... 399

6.20 Non-Tariff Income for Fourth Control Period .................................................... 400

6.21 Impact of Payment to MPECS for the Fourth Control Period ............................. 402

6.22 Income from Open Access Charges .................................................................... 402

6.23 Revenue from Projected Sales for the Fourth Control Period ............................ 404

6.24 Income from Additional Surcharge ..................................................................... 405

6.25 Incremental Consumption & Bulk Consumption Rebate .................................... 406

6.26 Aggregate Revenue Requirement from FY 2020-21 to FY 2024-25 .................. 407

7 ADDITIONAL CLAIMS AND REVENUE GAP ......................................................... 413

7.1 Impact of Reinstatement of GFA ............................................................................ 413

7.2 Impact of Capitalization of DPDC for FY 2016-17 in MTR Order ........................ 413

7.3 Impact of Review Order .......................................................................................... 415

7.4 Impact of Change in Law in Power Purchase ......................................................... 420

7.5 Carrying Cost on Previous Gap and other claims ................................................... 424

7.6 Carrying Cost on unrecovered revenue gap during the control period ................... 427

7.7 Incremental Revenue from CSS and additional Surcharge ..................................... 428

7.8 Impact of MSPGCL True-up of past years ............................................................. 430

7.9 Net Recovery from Tariff ........................................................................................ 430

8 TARIFF PHILOSOPHY, TARIFF DESIGN AND CATEGORY-WISE TARIFFS FROM FY 2020-21 TO FY 2024-25 ................................................................................................. 432




8.1 Overall Approach for Tariff Design ........................................................................ 432

8.2 Applicability of Tariffs............................................................................................ 448

8.3 Average Cost of Supply .......................................................................................... 448

8.4 Balancing of ABR and ACoS for Revenue Recovery over the Control Period ...... 448

8.5 Key Consideration for Tariff Design ...................................................................... 451

8.6 Tariff Philosophy proposed by MSEDCL and Commission’s Rulings .................. 466

8.7 Full Cost Recovery and Rationalisation of Fixed Cost ........................................... 466

8.8 Revision in Billing Demand .................................................................................... 470

8.9 Penalty on Contract Demand Violation .................................................................. 474

8.10 kVAh Based Billing............................................................................................. 476

8.11 Tariff Categorisation ............................................................................................ 488

8.12 Revised Tariff with effect from 1 April, 2020 ..................................................... 490

8.13 Recording of Maximum Demand ........................................................................ 500

8.14 Revision in Load Factor Formula ........................................................................ 503

8.15 Rebate for Incremental Consumption .................................................................. 506

8.16 Rebate for Bulk Consumption ............................................................................. 512

8.17 Prepaid Meter Rebate .......................................................................................... 513

8.18 InSTS Charges for Open Access Consumers ...................................................... 515

8.19 kVA based Fixed Charges for loads < 20 kW & load in kVA instead of kW ..... 517

8.20 Grid Support Charges for Rooftop Net Metering Arrangements ........................ 518

8.21 Additional Demand Charges for systems not opting for Net Metering/ Billing . 536

8.22 Change in slabs for Commercial and Public services .......................................... 539

8.23 Stand-by Charges from Captive Power Producers (CPP) and SEZs ................... 540

8.24 Standby Charges for SEZs or Deemed Distribution Licensees ........................... 548

8.25 Revision in ToD rates .......................................................................................... 548

8.26 Harmonics Penalty ............................................................................................... 551

8.27 Expenses for Go Green Initiative (E-Copy of the Bill) and SMS Service .......... 559

8.28 Sharing of Cross Subsidy Impact due to AG consumers in Maharashtra ........... 561

8.29 Wheeling Charges ................................................................................................ 562

8.30 Cross Subsidy Surcharge ..................................................................................... 568

8.31 Additional Surcharge ........................................................................................... 587

9 COMPLIANCE OF EARLIER DIRECTIVES .............................................................. 604

9.1 Feeder-based Metering with AMR facilities ........................................................... 604

9.2 kVAh Metering ....................................................................................................... 604

10 SCHEDULE OF CHARGES ...................................................................................... 606

10.1 Background .......................................................................................................... 606

10.2 Service connection charges proposed by MSEDCL ............................................ 606




10.3 Charges for Premium Service: ............................................................................. 638

10.4 Scheme for optimum utilization of existing distribution assets: ......................... 639

10.5 Cost of meter and meter box ................................................................................ 641

10.6 Hiring Charges ..................................................................................................... 643

10.7 Miscellaneous and general charges ...................................................................... 643

10.8 Schedule of Charges for Open Access MSEDCL Submission ............................ 651

10.9 Applicable Taxes: ................................................................................................ 653

11 APPLICABILITY OF THE ORDER ......................................................................... 654




LIST OF TABLES

TABLE 1-1:SCHEDULE OF PUBLIC HEARINGS .................................................................................................................. 26 TABLE 2-1: PF INCENTIVES AVAILED BY CONSUMERS FOR THE PERIOD APR-2019 TO DEC-2019............................................. 52 TABLE 2-2: REVENUE GAP SUBMITTED BY MSEDCL ....................................................................................................... 90 TABLE 2-3: SUGGESTED TOD TARIFF BY PRAYAS............................................................................................................ 96 TABLE 2-4: MSEDCL BILLING DEMAND COMPARED TO OTHER STATES ............................................................................. 111 TABLE 3-1: COMPARISON OF THE CAPITALIZATION AND FUNDING OF THE CAPITALIZATION FOR FY 2007-08 AS SUBMITTED BY

MSEDCL ..................................................................................................................................................... 131 TABLE 3-2: REINSTATEMENT OF GFA AS SUBMITTED BY MSEDCL (RS. CRORE) ................................................................ 132 TABLE 3-3: SUMMARY OF IMPACT OF REINSTATEMENT OF GFA AS SUBMITTED BY MSEDCL ............................................... 132 TABLE 3-4: IMPACT OF REINSTATEMENT OF GFA ON INTEREST EXPENSES AS APPROVED BY THE COMMISSION ........................ 134 TABLE 3-5: IMPACT OF REINSTATEMENT OF GFA ON RETURN ON EQUITY AS APPROVED BY COMMISSION .............................. 134 TABLE 3-6: SUMMARY OF IMPACT OF REINSTATEMENT OF GFA AS APPROVED BY COMMISSION (RS. CRORE) ......................... 134 TABLE 4-1: CATEGORY WISE SALES FOR FY 2017-18 AND FY 2018-19 AS SUBMITTED BY MSEDCL .................................... 136 TABLE 4-2: INCREASE IN AG SALES IN FY 2018-19 (HALF YEARLY) AS SUBMITTED BY MSEDCL .......................................... 137 TABLE 4-3: INCREASE IN AG SALES IN FY 2018-19 (YEARLY) AS SUBMITTED BY MSEDCL .................................................. 137 TABLE 4-4: SALES OF FY 2017-18 AND FY 2018-19 AS APPROVED BY THE COMMISSION (MU) ......................................... 151 TABLE 4-5: ENERGY AVAILABLE FOR SALES FOR FY 2017-18 (MU) AS SUBMITTED BY MSEDCL ......................................... 152 TABLE 4-6: ENERGY AVAILABLE FOR SALES FOR FY 2018-19 (MU) AS SUBMITTED BY MSEDCL ......................................... 152 TABLE 4-7: ENERGY BALANCE FOR FY 2017-18 AS SUBMITTED BY MSEDCL ................................................................... 154 TABLE 4-8: ENERGY BALANCE FOR FY 2018-19 AS SUBMITTED BY MSEDCL ................................................................... 155 TABLE 4-9: ENERGY AVAILABLE FOR SALE FOR FY 2017-18 (MU) AS APPROVED BY THE COMMISSION ................................ 157 TABLE 4-10: ENERGY AVAILABLE FOR SALE FOR FY 2018-19 (MU) AS APPROVED BY THE COMMISSION .............................. 157 TABLE 4-11: ENERGY BALANCE FOR FY 2017-18 AS APPROVED BY THE COMMISSION ....................................................... 158 TABLE 4-12: ENERGY BALANCE FOR FY 2018-19 AS APPROVED BY THE COMMISSION ....................................................... 159 TABLE 4-13: DISTRIBUTION LOSSES FOR FY 2017-18 AND FY 2018-19 AS SUBMITTED BY MSEDCL .................................. 160 TABLE 4-14: DISTRIBUTION LOSS FOR FY 2017-18 AND FY 2018-19 AS APPROVED THE COMMISSION ................................ 160 TABLE 4-15: SOURCE WISE POWER PURCHASE FOR FY 17-18 AS SUBMITTED BY MSEDCL ................................................. 161 TABLE 4-16: SOURCE WISE POWER PURCHASE FOR FY 18-19 AS SUBMITTED BY MSEDCL ................................................. 163 TABLE 4-17: RE PURCHASE FOR FY 2017-18 AND FY 2018-19 AS SUBMITTED BY MSEDCL.............................................. 166 TABLE 4-18: POWER PURCHASE COST AND QUANTUM OF MSPGCL STATIONS FOR FY 2017-18 AS APPROVED BY THE

COMMISSION ................................................................................................................................................ 169 TABLE 4-19: POWER PURCHASE COST AND QUANTUM OF MSPGCL STATIONS FOR FY 2018-19 AS APPROVED BY THE

COMMISSION ................................................................................................................................................ 169 TABLE 4-20: POWER PURCHASE COST AND QUANTUM OF NTPC STATIONS FOR FY 2017-18 AS APPROVED BY THE COMMISSION

.................................................................................................................................................................. 170 TABLE 4-21: POWER PURCHASE COST AND QUANTUM OF NTPC STATIONS FOR FY 2018-19 AS APPROVED BY THE COMMISSION

.................................................................................................................................................................. 170 TABLE 4-22: COMPENSATORY PAYMENTS DONE TO IPPS IN FY 2017-18 AS SUBMITTED BY MSEDCL (RS. CRORE)................ 171 TABLE 4-23: COMPENSATORY PAYMENTS DONE TO IPPS IN FY 2018-19 AS SUBMITTED BY MSEDCL (RS. CRORE)................ 171 TABLE 4-24: ORDERS RELATED TO CHANGE-IN-LAW MATTERS IN RESPECT OF M/S APML .................................................. 172 TABLE 4-25: TOTAL IMPACT TOWARDS CHANGE-IN-LAW INCLUDING CARRYING COST AS SUBMITTED BY MSEDCL (RS. CRORE)

.................................................................................................................................................................. 172 TABLE 4-26: POWER PURCHASE COST AND QUANTUM OF IPPS AND UMPP STATIONS FOR FY 2017-18 AS APPROVED BY THE

COMMISSION ................................................................................................................................................ 174 TABLE 4-27: POWER PURCHASE COST AND QUANTUM OF IPPS AND UMPP STATIONS FOR FY 2018-19 AS APPROVED BY THE

COMMISSION ................................................................................................................................................ 174 TABLE 4-28: SHORT TERM POWER PURCHASE IN FY 2017-18 AS SUBMITTED BY MSEDCL ................................................ 176 TABLE 4-29: SHORT TERM POWER PURCHASE IN FY 2018-19 AS SUBMITTED BY MSEDCL ................................................ 176 TABLE 4-30: RPO COMPLIANCE STATUS FOR FY 2018-19 AS APPROVED BY THE COMMISSION ............................................ 177 TABLE 4-31: FBSM REVENUE CONSIDERED AS PER DSR FOR FY 2018-19 AS SUBMITTED BY MSEDCL ................................ 178 TABLE 4-32: POWER PURCHASE EXPENSES FOR FY 2017-18 AS APPROVED BY THE COMMISSION (RS. CRORE) ...................... 179 TABLE 4-33: POWER PURCHASE EXPENSES FOR FY 2018-19 AS APPROVED BY THE COMMISSION (RS. CRORE) ...................... 180 TABLE 4-34: INTRA STATE TRANSMISSION CHARGES FOR FY 17-18 AND FY 18-19 AS SUBMITTED BY MSEDCL .................... 182




TABLE 4-35: INTRA STATE TRANSMISSION CHARGES AND MSLDC CHARGES FOR FY 17-18 AND FY 18-19 AS APPROVED BY THE COMMISSION (RS. CRORE) .............................................................................................................................. 183

TABLE 4-36: O&M EXPENSES FOR FY 2017-18 AND FY 2018-19 AS SUBMITTED BY MSEDCL (RS. CRORE) ....................... 184 TABLE 4-37: OTHER COMPREHENSIVE INCOME FOR FY 2017-18 AND FY 2018-19 DUE TO ACTUARIAL GAIN/LOSS ................ 185 TABLE 4-38: NORMATIVE O&M EXPENSES FOR FY 2017-18 AND FY 2018-19 BY MSEDCL (WIRES + SUPPLY) AS SUBMITTED BY

MSEDCL (RS CRORES) .................................................................................................................................. 186 TABLE 4-39: RECONCILIATION OF O&M EXPENSE FOR FY 2017-18 AND FY 2018-19 ...................................................... 186 TABLE 4-40:NORMATIVE O&M EXPENSES FOR FY 2015-16 AS APPROVED BY THE COMMISSION FOR WIRE ......................... 188 TABLE 4-41: NORMATIVE O&M EXPENSES FOR FY 2015-16 AS APPROVED BY THE COMMISSION FOR SUPPLY ..................... 188 TABLE 4-42: NORMATIVE O&M EXPENSES FOR FY 2017-18 AND FY 2018-19 (WIRES + SUPPLY) AS APPROVED BY COMMISSION

.................................................................................................................................................................. 189 TABLE 4-43: O&M EXPENSES FOR FY 2017-18 AND 2018-19 (WIRES + SUPPLY) APPROVED BY COMMISSION (RS. CRORE) .. 192 TABLE 4-44: DPR SCHEME CAPITALIZATION AS SUBMITTED BY MSEDCL FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) ..... 193 TABLE 4-45: NON-DPR SCHEME CAPITALIZATION AS SUBMITTED BY MSEDCL FOR FY 2017-18 AND 2018-19 (RS. CRORE) . 193 TABLE 4-46: SUMMARY OF CAPITALIZATION AS SUBMITTED BY MSEDCL FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) ..... 194 TABLE 4-47: SUMMARY OF CAPITALISATION FOR FY 2017-18 AND FY 2018-19, AS SUBMITTED BY MSEDCL ..................... 194 TABLE 4-48: EXCESS CAPITALISATION CLAIMED BY MSEDCL IN FY 2017-18 AND FY 2018-19 (RS. CRORE) ........................ 195 TABLE 4-49: CAPITALISATION APPROVED BY COMMISSION FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) ........................ 196 TABLE 4-50: CAPITALISATION FOR FY 2017-18 AND FY 2018-19 (RS CRORE) ................................................................. 197 TABLE 4-51: DEPRECIATION AS SUBMITTED BY MSEDCL FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) ........................... 197 TABLE 4-52: WORKING FOR OPENING GFA FOR DEPRECIATION OF FY 2017-18 ............................................................... 199 TABLE 4-53:FOR OPENING GFA FOR DEPRECIATION OF FY 2017-18 .............................................................................. 199 TABLE 4-54: DEPRECIATION APPROVED FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) .................................................. 200 TABLE 4-55: SUMMARY OF DEPRECIATION FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) .............................................. 200 TABLE 4-56: COMPUTATION OF WEIGHTED AVERAGE INTEREST RATE FOR FY 2017-18 AND FY 2018-19 (IN CRORES) .......... 201 TABLE 4-57: INTEREST EXPENSES FOR FY 2017-18 AND FY 2018-19 AS SUBMITTED BY MSEDCL ...................................... 202 TABLE 4-58: SUMMARY OF OPENING AND CLOSING BALANCE OF LOAN FROM DIFFERENT BANKS ........................................... 203 TABLE 4-59: FUNDING OF CAPITALISATION APPROVED BY COMMISSION FOR FY 2017-18 AND FY 2018-19 ........................ 205 TABLE 4-60: INTEREST EXPENSES APPROVED BY THE COMMISSION FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) .............. 205 TABLE 4-61: ROE FOR WIRES BUSINESS FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) ......................... 206 TABLE 4-62: ROE FOR SUPPLY BUSINESS FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) ........................ 207 TABLE 4-63: RETURN ON EQUITY (WIRES) FOR FY 2017-18 AND FY 2018-19 APPROVED BY COMMISSION (RS. CRORE) ....... 208 TABLE 4-64: RETURN ON EQUITY (SUPPLY) FOR FY 2017-18 AND FY 2018-19 APPROVED BY COMMISSION (RS. CRORE) ...... 208 TABLE 4-65: ROE APPROVED BY COMMISSION FOR FY 2017-18 AND FY 2018-19 (WIRES+SUPPLY) (RS. CRORE) ................ 208 TABLE 4-66: INTEREST ON WORKING CAPITAL AND SECURITY DEPOSIT FOR WIRES BUSINESS FOR FY 2017-18 AND FY 2018-19

AS PER MSEDCL (RS. CRORE) ......................................................................................................................... 209 TABLE 4-67: INTEREST ON WORKING CAPITAL AND CONSUMERS’ SECURITY DEPOSIT FOR SUPPLY BUSINESS FOR FY 2017-18 AND

FY 2018-19 AS PER MSEDCL (RS. CRORE) ....................................................................................................... 210 TABLE 4-68: INTEREST ON WORKING CAPITAL AND SECURITY DEPOSIT FOR WIRES BUSINESS AS APPROVED BY COMMISSION FOR

FY 2017-18 AND FY 2018-19 (RS. CRORE)...................................................................................................... 211 TABLE 4-69: INTEREST ON WORKING CAPITAL AND CONSUMERS’ SECURITY DEPOSIT FOR SUPPLY BUSINESS AS APPROVED BY

COMMISSION FOR FY 2017-18 AND FY 2018-19 (RS CRORE) ............................................................................. 212 TABLE 4-70: IOWC AND INTEREST ON SECURITY DEPOSIT AS APPROVED BY COMMISSION FY 2017-18 AND FY 2018-19

(WIRES+SUPPLY) (RS. CRORE) ......................................................................................................................... 212 TABLE 4-71: OTHER FINANCE CHARGES FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) .......................... 214 TABLE 4-72 : FINANCE CHARGE AS A PERCENTAGE OF CLOSING LOAN OF PAST YEARS ......................................................... 214 TABLE 4-73: OTHER FINANCE CHARGES FOR FY 2017-18 AND FY 2018-19 AS APPROVED BY COMMISSION (RS. CRORE) ....... 214 TABLE 4-74: PROVISION FOR BAD AND DOUBTFUL DEBTS FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) . 215 TABLE 4-75: PROVISION FOR BAD AND DOUBTFUL DEBT OF WIRE AND SUPPLY BUSINESS FOR FY 2017-18 AND FY 2018-19 ... 216 TABLE 4-76: CATEGORY-WISE BAD AND DOUBTFUL DEBTS WRITTEN OFF FOR FY 2017-18 .................................................. 217 TABLE 4-77: CATEGORY-WISE BAD AND DOUBTFUL DEBTS WRITTEN OFF FOR FY 2018-19 .................................................. 217 TABLE 4-78: PROVISION FOR BAD DEBTS FOR FY 2017-18 AND FY 2018-19 AS APPROVED BY COMMISSION FOR WIRE (RS.

CRORE) ........................................................................................................................................................ 217 TABLE 4-79: PROVISION FOR BAD DEBTS FOR FY 2017-18 AND FY 2018-19 AS APPROVED BY COMMISSION FOR SUPPLY (RS.

CRORE) ........................................................................................................................................................ 218 TABLE 4-80: SUMMARY OF APPROVED PROVISION FOR BAD DEBTS FOR FY 2017-18 AND FY 2018-19 (RS CRORE) .............. 218 TABLE 4-81: OTHER EXPENSES FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) .............................. 219




TABLE 4-82: TREND OF INTEREST TO SUPPLIERS/CONTRACTORS (RS. CRORE) .................................................................... 219 TABLE 4-83: BREAK-UP OF “INTEREST TO SUPPLIERS/CONTRACTORS” HEAD OF OTHER EXPENSE ......................................... 219 TABLE 4-84: OTHER EXPENSES FOR FY 2017-18 AND FY 2018-19 AS APPROVED BY THE COMMISSION (RS. CRORE) ............. 220 TABLE 4-85: CONTINGENCY RESERVE FOR FY 2018-19 SUBMITTED BY MSEDCL (RS. CRORE) ........................................... 221 TABLE 4-86: CONTINGENCY RESERVE APPROVED FOR FY 2017-18 FY 2018-19 (RS. CRORE) ............................................ 222 TABLE 4-87: INCOME TAX AS SUBMITTED MY MSEDCL FOR FY 2018-19 ....................................................................... 222 TABLE 4-88: INCOME TAX APPROVED FOR FY 2017-18 FY 2018-19 (RS. CRORE) ........................................................... 223 TABLE 4-89: INCENTIVES AND DISCOUNTS FOR FY 2017-18 AND FY 2018-19 SUBMITTED BY MSEDCL (RS. CRORE) ............ 223 TABLE 4-90: INCENTIVES AND DISCOUNTS APPROVED FOR FY 2015-16 (RS. CRORE) ......................................................... 224 TABLE 4-91: RLC REFUND SUBMITTED BY MSEDCL FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) .............................. 224 TABLE 4-92: RLC REFUND APPROVED BY COMMISSION FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) ............................ 225 TABLE 4-93: ASC REFUND APPROVED BY COMMISSION FOR FY 2017-18 (RS. CRORE) ...................................................... 225 TABLE 4-94: ASC REFUND APPROVED BY COMMISSION FOR FY 2017-18 (RS. CRORE) ...................................................... 226 TABLE 4-95: REVENUE FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS CRORE) .................................................. 226 TABLE 4-96: RECONCILIATION OF REVENUE FROM SALE OF ELECTRICITY FOR FY 2017-18 AND FY 2018-19 .......................... 227 TABLE 4-97: REVENUE FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) ......................................................................... 227 TABLE 4-98: CATEGORY-WISE REVENUE FOR FY 2017-18 ............................................................................................. 228 TABLE 4-99: REVENUE FOR FY 2017-18 AND FY 2018-19 AS APPROVED BY COMMISSION (RS. CRORE) .............................. 229 TABLE 4-100: NON-TARIFF INCOME AS PER MSEDCL FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) .......................... 229 TABLE 4-101: TREND OF OTHER/MISCELLANEOUS RECEIPTS (RS. CRORE) ........................................................................ 230 TABLE 4-102: NON-TARIFF INCOME FOR FY 2017-18 AND FY 2018-19, AS APPROVED BY COMMISSION (RS. CRORE) .......... 231 TABLE 4-103: INCOME FROM WHEELING CHARGES FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) .......... 232 TABLE 4-104: INCOME FROM WHEELING CHARGES APPROVED FOR FY 2017-18 AND FY 2018-19 (RS CRORE) .................... 232 TABLE 4-105: INCOME FROM ADDITIONAL SURCHARGE FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) .... 233 TABLE 4-106: INCOME FROM ADDITIONAL SURCHARGE FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) .... 233 TABLE 4-107: INCOME FROM OPEN ACCESS CHARGES FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE) ............ 234 TABLE 4-108: DETAILS OF OPEN ACCESS CHARGES COLLECTED FOR FY 2017-18 AND FY 2018-19 AS PER MSEDCL (RS. CRORE)

.................................................................................................................................................................. 234 TABLE 4-109 : DEVIATION OF OPEN ACCESS INCOME FROM MTR ORDER ........................................................................ 235 TABLE 4-110: SUBMISSION OF STU REGARDING TRANSMISSION CHARGE OF PARTIAL OPEN ACCESS CONSUMERS .................. 235 TABLE 4-111: INCOME FROM OA CHARGES APPROVED FOR FY 2017-18 AND FY 2018-19 (RS. CRORE) ............................. 236 TABLE 4-112: APPROVAL VS. ACTUAL INCOME FROM SURPLUS POWER TRADED FOR FY 2017-18 AND FY 2018-19, AS

SUBMITTED BY MSEDCL ................................................................................................................................ 236 TABLE 4-113: INCOME FROM TRADING SURPLUS FOR FY 2017-18 AND FY 2018-19 AS APPROVED BY COMMISSION (RS. CRORE)

.................................................................................................................................................................. 237 TABLE 4-114: PAYMENT APPROVED TO MPECS BY THE COMMISSION ............................................................................ 237 TABLE 4-115: IMPACT OF PAYMENT TO MPECS FOR FY 2017-18 AND FY 2018-19 AS APPROVED BY COMMISSION (RS. CRORE)

.................................................................................................................................................................. 238 TABLE 4-116: PAST PERIOD ADJUSTMENT CLAIMED BY MSEDCL FOR FY 2017-18 AND FY 2018-19 (IN CRORES) ............... 238 TABLE 4-117: O&M EXPENSES NORMATIVE VS. ACTUAL AS PER MSEDCL (RS. CRORE) .................................................... 239 TABLE 4-118: INTEREST ON WORKING CAPITAL APPROVED VS. ACTUAL AS PER MSEDCL (RS. CRORE) ................................ 240 TABLE 4-119: EFFICIENCY LOSS DUE TO HIGHER DISTRIBUTION LOSS IN FY 2017-18 AND FY 2018-19 AS PER MSEDCL ........ 241 TABLE 4-120: NET IMPACT OF SHARING OF GAINS AND LOSSES FY 2017-18 AND FY 2018-19 ........................................... 241 TABLE 4-121: SHARING OF GAINS/LOSS ON O&M AND IOWC EXPENSES, APPROVED BY COMMISSION (RS. CRORE) .............. 242 TABLE 4-122: TREATMENT GIVEN IN PAST ORDERS ....................................................................................................... 243 TABLE 4-123: SHARING OF GAINS/LOSS ON DISTRIBUTION LOSSES, APPROVED BY COMMISSION (RS. CRORE) ..................... 244 TABLE 4-124: IMPACT OF DISTRIBUTION LOSS TO BE BORNE BY MSEDCL FOR FY 2017-18 AND FY 2018-19 ...................... 245 TABLE 4-125: ARR FOR WIRES BUSINESS FOR FY 2017-18 AS APPROVED BY COMMISSION (RS. CRORE) ............................. 246 TABLE 4-126: ARR FOR SUPPLY BUSINESS FOR FY 2017-18 AS APPROVED BY COMMISSION (RS. CRORE) ............................ 246 TABLE 4-127: ARR FOR FY 2017-18 (WIRES + SUPPLY) AS APPROVED BY COMMISSION (RS. CRORE) ................................. 247 TABLE 4-128: ARR FOR WIRES BUSINESS FOR FY 2018-19 AS APPROVED BY COMMISSION (RS. CRORE) ............................. 248 TABLE 4-129: ARR FOR SUPPLY BUSINESS FOR FY 2018-19 AS APPROVED BY COMMISSION (RS. CRORE) ............................ 249 TABLE 4-130: ARR FOR FY 2018-19 (WIRES + SUPPLY) AS APPROVED BY COMMISSION (RS. CRORE) ................................. 250 TABLE 5-1: CATEGORY-WISE SALES FOR FY 19-20 AS SUBMITTED BY MSEDCL ................................................................ 252 TABLE 5-2: BREAK-UP OF AGRICULTURE SALES (EXCL. DF) FOR FY 2019-20 .................................................................... 252 TABLE 5-3: SALES PROVISIONALLY APPROVED FOR FY 2019-20 (MU) ............................................................................ 254 TABLE 5-4: ENERGY AVAILABLE FOR SALE FOR FY 2019-20 (MU) AS SUBMITTED BY MSEDCL .......................................... 254




TABLE 5-5: ENERGY BALANCE FOR FY 2019-20 AS SUBMITTED BY MSEDCL ................................................................... 255 TABLE 5-6: ENERGY AVAILABLE FOR SALE FOR FY 2019-20 (MU) AS APPROVED BY THE COMMISSION ................................ 256 TABLE 5-7: ENERGY BALANCE FOR FY 2019-20 AS APPROVED BY THE COMMISSION ......................................................... 257 TABLE 5-8: DISTRIBUTION LOSS FOR FY 2019-20 AS SUBMITTED BY MSEDCL ................................................................. 258 TABLE 5-9: DISTRIBUTION LOSS FOR FY 2019-20 AS APPROVED BY THE COMMISSION ....................................................... 258 TABLE 5-10: SOURCE-WISE POWER PURCHASE ESTIMATED FOR FY 2019-20 AS SUBMITTED BY MSEDCL ............................ 259 TABLE 5-11: SHORT TERM POWER PURCHASE IN FY 2019-20 AS SUBMITTED BY MSEDCL ................................................ 260 TABLE 5-12: SHORT TERM POWER PURCHASE IN FY 2019-20 AS APPROVED BY THE COMMISSION ...................................... 261 TABLE 5-13: POWER PURCHASE EXPENSES FOR FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) ............................ 262 TABLE 5-14: INTRA-STATE TRANSMISSION CHARGES FOR FY 2019-20 AS SUBMITTED BY MSEDCL..................................... 265 TABLE 5-15: INTRA STATE TRANSMISSION CHARGES AND MSLDC CHARGES FOR FY 19-20 AS APPROVED BY THE COMMISSION

(RS. CRORE) ................................................................................................................................................. 265 TABLE 5-16: OPERATION & MAINTENANCE EXPENSES FOR FY 2019-20, AS SUBMITTED BY MSEDCL (RS. CRORE) ................ 265 TABLE 5-17: O&M EXPENSE ESCALATION RATE ........................................................................................................... 266 TABLE 5-18: O&M EXPENSES FOR FY 2019-20 (WIRES + SUPPLY) APPROVED BY THE COMMISSION (RS. CRORE) ................. 267 TABLE 5-19: CAPEX AND CAPITALIZATION AS SUBMITTED BY MSEDCL FOR FY 2019-20 (RS. CRORE) ................................. 268 TABLE 5-20: SUMMARY OF CAPEX AND CAPITALIZATION AS SUBMITTED BY MSEDCL FOR FY 2019-20 (RS. CRORE) ............. 268 TABLE 5-21: SUMMARY OF CAPEX AND CAPITALIZATION AS SUBMITTED BY MSEDCL FOR FY 2019-20 (RS. CRORE) .............. 268 TABLE 5-22: DEVIATION IN CAPITALISATION FROM MTR FOR FY 2019-20 ...................................................................... 269 TABLE 5-23: EXCESS CAPITALIZATION DURING FY 2019-20 (RS. CRORE) ........................................................................ 271 TABLE 5-24: CAPITALIZATION APPROVED BY COMMISSION FOR FY 2019-20 (RS CRORE) ................................................... 272 TABLE 5-25: SUMMARY OF CAPITALISATION APPROVED BY COMMISSION FOR FY 2019-20 ................................................ 272 TABLE 5-26: DEPRECIATION AS SUBMITTED BY MSEDCL FOR FY 2019-20 (RS. CRORE) .................................................... 273 TABLE 5-27: DEPRECIATION APPROVED FOR FY 2019-20 (RS. CRORE) ............................................................................ 274 TABLE 5-28: SUMMARY OF DEPRECIATION FOR FY 2019-20 (RS. CRORE) ....................................................................... 274 TABLE 5-29: INTEREST EXPENSES FOR FY 2019-20, AS SUBMITTED BY MSEDCL (RS. CRORE) ............................................ 274 TABLE 5-30: FUNDING PATTERN APPROVED BY COMMISSION (RS. CRORE) ...................................................................... 275 TABLE 5-31: INTEREST EXPENSES APPROVED BY THE COMMISSION FOR FY 2019-20 (RS. CRORE) ....................................... 276 TABLE 5-32: OTHER FINANCE CHARGES FOR FY 2019-20 SUBMITTED BY MSEDCL (RS. CRORES) ............................ 277 TABLE 5-33: BREAK UP OF FINANCE CHARGES FOR FY 2019-20 ..................................................................................... 277 TABLE 5-34: FINANCE CHARGE AS PERCENTAGE OF LOAN GFA ....................................................................................... 277 TABLE 5-35: OTHER FINANCE CHARGES FOR FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) ................................ 277 TABLE 5-36: ROE FOR WIRES BUSINESS FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) ................................................... 278 TABLE 5-37: ROE FOR SUPPLY BUSINESS FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) .................................................. 279 TABLE 5-38 : RETURN ON EQUITY (WIRES) FOR FY 2019-20 APPROVED BY COMMISSION (RS. CRORE) ................................ 279 TABLE 5-39: RETURN ON EQUITY (SUPPLY) FOR FY 2019-20 APPROVED BY COMMISSION (RS. CRORE)................................ 280 TABLE 5-40: SUMMARY OF ROE APPROVED BY COMMISSION (WIRES+SUPPLY) (RS. CRORE) .............................................. 280 TABLE 5-41: INTEREST ON WORKING CAPITAL AND SECURITY DEPOSIT FOR WIRES BUSINESS FOR FY 2019-20 AS PER MSEDCL

(RS. CRORE) ................................................................................................................................................. 281 TABLE 5-42: INTEREST ON WORKING CAPITAL AND CONSUMERS’ SECURITY DEPOSIT FOR SUPPLY BUSINESS FOR FY 2019-20 AS

PER MSEDCL (RS. CRORE) ............................................................................................................................. 281 TABLE 5-43: INTEREST ON WORKING CAPITAL AND SECURITY DEPOSIT FOR WIRES BUSINESS AS APPROVED BY COMMISSION FOR

FY 2019-20 (RS. CRORE) ............................................................................................................................... 282 TABLE 5-44: INTEREST ON WORKING CAPITAL AND CONSUMERS’ SECURITY DEPOSIT FOR SUPPLY BUSINESS AS APPROVED BY

COMMISSION FOR FY 2019-20 (RS CRORE) ...................................................................................................... 283 TABLE 5-45: IOWC AND INTEREST ON SECURITY DEPOSIT AS APPROVED BY COMMISSION FY 2019-20 (WIRES+SUPPLY) (RS.

CRORE) ........................................................................................................................................................ 283 TABLE 5-46: PROVISION FOR BAD DEBTS FOR (WIRES+SUPPLY) BUSINESS FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) .... 284 TABLE 5-47: PROVISION FOR BAD DEBTS FOR WIRES AND SUPPLY BUSINESS FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) . 284 TABLE 5-48: ESTIMATION OF RECEIVABLES FOR FY 2019-20 BY MSEDCL ....................................................................... 285 TABLE 5-49: PROVISION FOR BAD DEBTS (WIRE) FOR FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) .............. 286 TABLE 5-50:PROVISION FOR BAD DEBTS (SUPPLY) FOR FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) ................. 286 TABLE 5-51: PROVISION FOR BAD DEBTS FOR FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) ......................... 286 TABLE 5-52: OTHER EXPENSES FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) ............................................................... 287 TABLE 5-53: OTHER EXPENSES FOR FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) ............................................ 287 TABLE 5-54: CONTRIBUTION TO CONTINGENCY RESERVE FOR FY 2019-20 SUBMITTED BY MSEDCL(RS. CRORE) .................. 288 TABLE 5-55: CONTRIBUTION TO CONTINGENCY RESERVE FOR FY 2019-20 AS CONSIDERED BY COMMISSION (RS. CRORE) ....... 289




TABLE 5-56: INCENTIVES AND DISCOUNTS FOR FY 2019-20 SUBMITTED BY MSEDCL (RS. CRORE) ..................................... 290 TABLE 5-57: INCENTIVES AND DISCOUNTS APPROVED FOR FY 2019-20 (RS. CRORE) ......................................................... 291 TABLE 5-58: RLC REFUND FOR FY 2019-20 SUBMITTED BY MSEDCL (RS. CRORE) ........................................................... 291 TABLE 5-59: RLC REFUND APPROVED FOR FY 2019-20 (RS. CRORE) .............................................................................. 292 TABLE 5-60: NON-TARIFF INCOME FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) .......................................................... 292 TABLE 5-61: NON-TARIFF INCOME FOR FY 2019-20, AS APPROVED BY COMMISSION (RS. CRORE) ...................................... 293 TABLE 5-62: INCOME FROM WHEELING CHARGES FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) ...................................... 294 TABLE 5-63: INCOME FROM WHEELING CHARGES FOR FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) ................... 294 TABLE 5-64: INCOME FROM OPEN ACCESS CHARGES FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) .................................. 294 TABLE 5-65: INCOME FROM OPEN ACCESS CHARGES FOR FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) ............... 295 TABLE 5-66: IMPACT OF PAYMENT TO MPECS, AS APPROVED BY COMMISSION (RS. CRORE) .............................................. 295 TABLE 5-67:OF PAYMENT TO MPECS FOR FY 2017-18 AND FY 2018-19 AS APPROVED BY COMMISSION (RS. CRORE) ......... 296 TABLE 5-68: REVENUE GAP RECOVERY ALLOWED (RS. CRORE) ...................................................................................... 297 TABLE 5-69: REVENUE FOR FY 2019-20, AS SUBMITTED BY MSEDCL (RS. CRORE) .......................................................... 297 TABLE 5-70: REVENUE FOR FY 2019-20, AS APPROVED BY COMMISSION (RS. CRORE) ...................................................... 298 TABLE 5-71: INCOME FROM ADDITIONAL SURCHARGE FOR FY 2019-20, AS SUBMITTED BY MSEDCL (RS. CRORE) ................ 298 TABLE 5-72: INCOME FROM ADDITIONAL SURCHARGE FOR FY 2019-20, AS APPROVED BY THE COMMISSION (RS. CRORE) ...... 299 TABLE 5-73: INCOME FROM TRADING OF SURPLUS POWER FOR FY 2019-20, AS SUBMITTED BY MSEDCL (RS. CRORE) ......... 299 TABLE 5-74: INCOME FROM TRADING SURPLUS IN FY 2019-20 AS APPROVED BY COMMISSION (RS. CRORE) ........................ 299 TABLE 5-75: AGGREGATE REVENUE REQUIREMENT FOR WIRES BUSINESS FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) ..... 300 TABLE 5-76: AGGREGATE REVENUE REQUIREMENT FOR SUPPLY BUSINESS FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) .... 301 TABLE 5-77: AGGREGATE REVENUE REQUIREMENT FOR FY 2019-20 AS PER MSEDCL (RS. CRORE) ................................... 301 TABLE 5-78: ARR FOR WIRES BUSINESS FOR FY 2019-20, AS APPROVED BY COMMISSION (RS. CRORE) .............................. 303 TABLE 5-79: ARR FOR SUPPLY BUSINESS FOR FY 2019-20, AS APPROVED BY COMMISSION (RS. CRORE) ............................. 303 TABLE 5-80: COMBINED ARR FOR FY 2019-20 (WIRES + SUPPLY), AS APPROVED BY COMMISSION (RS. CRORE) .................. 304 TABLE 6-1: ALLOCATION MATRIX FOR RETAIL SUPPLY AND WIRES BUSINESS EXPENSES ...................................................... 307 TABLE 6-2: HISTORICAL SALES GROWTH AND CAGR (HT CATEGORY) ............................................................................. 308 TABLE 6-3: HISTORICAL SALES GROWTH AND CAGR (LT CATEGORY) (MU) ..................................................................... 308 TABLE 6-4: CAGR CONSIDERED FOR SALES PROJECTIONS (HT CATEGORY) ....................................................................... 309 TABLE 6-5: CAGR CONSIDERED FOR SALES PROJECTIONS (LT CATEGORY) ........................................................................ 310 TABLE 6-6: SALES PROJECTIONS (HT CATEGORY) FOR THE CONTROL PERIOD (MU) ........................................................... 312 TABLE 6-7: SALES PROJECTIONS (LT CATEGORY) (MU) ................................................................................................. 312 TABLE 6-8: INPUT SALES FOR BHIWANDI DF FOR THE CONTROL PERIOD (MU) ................................................................. 313 TABLE 6-9: HISTORICAL GROWTH AND CAGR FOR NO. OF CONSUMERS (HT CATEGORY) ................................................... 314 TABLE 6-10: HISTORICAL GROWTH AND CAGR FOR NO. OF CONSUMERS (LT CATEGORY) .................................................. 314 TABLE 6-11: CAGR CONSIDERED FOR NO. OF CONSUMERS PROJECTIONS (HT CATEGORY) ................................................. 315 TABLE 6-12: CAGR CONSIDERED FOR NO. OF CONSUMERS PROJECTIONS (LT CATEGORY) ................................................. 316 TABLE 6-13: NO. OF CONSUMERS PROJECTIONS (HT CATEGORY) FOR THE CONTROL PERIOD .............................................. 317 TABLE 6-14: NO. OF CONSUMER PROJECTIONS (LT CATEGORY) FOR THE CONTROL PERIOD ................................................ 318 TABLE 6-15: HISTORICAL GROWTH AND CAGR CONNECTED LOAD/CONTRACT DEMAND (HT CATEGORY) (KVA) ................... 318 TABLE 6-16:HISTORICAL GROWTH AND CAGR CONNECTED LOAD/CONTRACT DEMAND (LT CATEGORY) .............................. 319 TABLE 6-17: CAGR CONSIDERED FOR CONTRACT DEMAND PROJECTIONS (HT CATEGORY) ................................................. 321 TABLE 6-18: CAGR CONSIDERED FOR CONTRACT DEMAND PROJECTIONS (LT CATEGORY) .................................................. 321 TABLE 6-19: CONNECTED LOAD/CONTRACT DEMAND PROJECTIONS (HT CATEGORY) FOR THE CONTROL PERIOD (KVA) .......... 322 TABLE 6-20: CONNECTED LOAD/CONTRACT DEMAND PROJECTIONS (LT CATEGORY) FOR THE CONTROL PERIOD .................... 322 TABLE 6-21: SALES FOR FY 2020-21 TO FY 2024-25 (EXCLUDING DF SALES) AS APPROVED BY THE COMMISSION (MU) ....... 327 TABLE 6-22: SALES FOR 4TH CONTROL PERIOD (INCLUDING DF AREAS), AS APPROVED BY COMMISSION (MU) ..................... 328 TABLE 6-23: PROPOSED DISTRIBUTION LOSSES (%) FOR 4TH CONTROL PERIOD AS SUBMITTED BY MSEDCL ........................... 329 TABLE 6-24: DISTRIBUTION LOSSES (%) FOR 4TH CONTROL PERIOD AS APPROVED BY THE COMMISSION ................................. 330 TABLE 6-25: TOTAL ENERGY SALES FOR 4TH CONTROL PERIOD AS SUBMITTED BY MSEDCL (MU) ........................................ 330 TABLE 6-26: ENERGY BALANCE FOR 4TH CONTROL PERIOD AS SUBMITTED BY MSEDCL (MUS) ............................................ 330 TABLE 6-27: VOLTAGE-WISE SALES CONSIDERED IN ENERGY BALANCE FOR FY 2020-21, FY 2021-22 & FY 2022-23 AS

APPROVED BY THE COMMISSION (MU) ............................................................................................................. 332 TABLE 6-28: VOLTAGE-WISE SALES CONSIDERED IN ENERGY BALANCE FOR FY 2023-24 & FY 2024-25 AS APPROVED BY THE

COMMISSION (MU) ...................................................................................................................................... 332 TABLE 6-29: INTER-STATE LOSS FOR 4TH CONTROL PERIOD AS APPROVED BY THE COMMISSION ........................................... 333 TABLE 6-30: TOTAL ENERGY SALES FOR FY 2020-21, FY 2021-22 & FY 2022-23 APPROVED BY THE COMMISSION (MU) ... 334




TABLE 6-31: TOTAL ENERGY SALES FOR FY 2023-24 & FY 2024-25 APPROVED BY THE COMMISSION (MU) ....................... 335 TABLE 6-32: ENERGY BALANCE FOR FY 2020-21 & FY 2021-22 AS APPROVED BY THE COMMISSION ................................. 335 TABLE 6-33: ENERGY BALANCE FOR FY 2022-23 & FY 2023-24 AS APPROVED BY THE COMMISSION ................................. 337 TABLE 6-34: ENERGY BALANCE FOR FY 2024-25 AS APPROVED BY THE COMMISSION ....................................................... 338 TABLE 6-35: EXPECTED RE CAPACITY ADDITION AS SUBMITTED BY MSEDCL (MW) ......................................................... 341 TABLE 6-36: RPO TARGETS FOR 4TH CONTROL PERIOD AS SET IN RPO REGULATIONS, 2019 AS SUBMITTED BY MSEDCL ........ 342 TABLE 6-37: SOURCE-WISE POWER PURCHASE FROM RE SOURCES FOR 4TH CONTROL PERIOD AS SUBMITTED BY MSEDCL (MU)

.................................................................................................................................................................. 342 TABLE 6-38: SOURCE WISE POWER PURCHASE QUANTUM AND COST FOR FY 2020-21 TO FY 2022-23 AS SUBMITTED BY

MSEDCL ..................................................................................................................................................... 343 TABLE 6-39: SOURCE WISE POWER PURCHASE QUANTUM AND COST FOR FY 2023-24 TO FY 2024-25 AS SUBMITTED BY

MSEDCL ..................................................................................................................................................... 343 TABLE 6-40: ENERGY INPUT FOR FY 2020-21 TO FY 2024-25 AS APPROVED BY THE COMMISSION (MU) ........................... 344 TABLE 6-41: GENERATION QUANTUM OF MSPGCL STATIONS FOR 4TH CONTROL PERIOD AS APPROVED IN CASE NO. 296 OF 2019

(IN MU) ...................................................................................................................................................... 345 TABLE 6-42: GENERATION COST OF MSPGCL STATIONS FOR 4TH CONTROL PERIOD AS APPROVED IN CASE NO. 296 OF 2019 (IN

MU) ........................................................................................................................................................... 345 TABLE 6-43: COD OF UPCOMING NTPC STATIONS AS CONSIDERED BY COMMISSION ......................................................... 347 TABLE 6-44: PURCHASE AGAINST RPO FOR 4TH CONTROL PERIOD APPROVED BY THE COMMISSION ...................................... 348 TABLE 6-45: CAPACITY CONTRACTED UNDER PPA WITH IPPS BY MSEDCL (MW) ............................................................ 349 TABLE 6-46: POWER PURCHASE FROM ‘MUST RUN’ STATION UNITS IN 4TH CONTROL PERIOD APPROVED BY THE COMMISSION 351 TABLE 6-47: APPROVED POWER PURCHASE FROM THERMAL STATIONS/UNITS FOR FY 2020-21 ........................................ 352 TABLE 6-48: APPROVED POWER PURCHASE FROM THERMAL STATIONS/UNITS FOR FY 2021-22 ........................................ 354 TABLE 6-49: APPROVED POWER PURCHASE FROM THERMAL STATIONS/UNITS FOR FY 2022-23 ........................................ 355 TABLE 6-50: APPROVED POWER PURCHASE FROM THERMAL STATIONS/UNITS FOR FY 2023-24 ........................................ 357 TABLE 6-51: APPROVED POWER PURCHASE FROM THERMAL STATIONS/UNITS FOR FY 2024-25 ........................................ 359 TABLE 6-52: APPROVED POWER PURCHASE COST FOR FY 2020-21 ............................................................................... 361 TABLE 6-53: APPROVED POWER PURCHASE COST FOR FY 2021-22 ............................................................................... 361 TABLE 6-54: APPROVED POWER PURCHASE COST FOR FY 2022-23 ............................................................................... 361 TABLE 6-55: APPROVED POWER PURCHASE COST FOR FY 2023-24 ............................................................................... 362 TABLE 6-56: APPROVED POWER PURCHASE COST FOR FY 2024-25 ............................................................................... 362 TABLE 6-57: SURPLUS ENERGY AVAILABILITY IN 4TH CONTROL PERIOD AS ESTIMATED BY COMMISSION (MU) ........................ 362 TABLE 6-58: MSEDCL’S SHARE OF INSTS CHARGES AS PER MSETCL’S PETITION (RS. CRORE) ........................................... 363 TABLE 6-59: HISTORICAL TREND IN INSTS SHARE TO MSEDCL (RS. CRORE) .................................................................... 364 TABLE 6-60: INTRA STATE TRANSMISSION CHARGES FOR 4TH CONTROL PERIOD AS SUBMITTED BY MSEDCL .......................... 364 TABLE 6-61: MSEDCL'S SHARE OF INSTS CHARGES AND MSLDC CHARGES FOR THE 4TH CONTROL PERIOD AS APPROVED BY

COMMISSION (RS. CRORE) .............................................................................................................................. 364 TABLE 6-62: NORMATIVE O&M EXPENSES FOR FOURTH CONTROL PERIOD FROM FY 2020-21 TO 2024-25 SUBMITTED BY

MSEDCL (RS. CRORE) ................................................................................................................................... 365 TABLE 6-63: NET ENTITLEMENT OF O&M EXPENSE FOR FY 2016-17, FY 2017-18 & FY 2018-19 (RS. CRORE) ................. 366 TABLE 6-64: O&M EXPENSE ESCALATION FOR 4TH CONTROL PERIOD ............................................................................... 367 TABLE 6-65: NORMATIVE O&M EXPENSES FOR FOURTH CONTROL PERIOD FROM FY 2020-21 TO 2024-25 APPROVED BY

COMMISSION (RS. CRORE) .............................................................................................................................. 368 TABLE 6-66: OPEX FOR FOURTH CONTROL PERIOD FROM FY 2020-21 TO 2024-25 SUBMITTED BY MSEDCL(RS. CRORE) ..... 369 TABLE 6-67: OPEX FOR FOURTH CONTROL PERIOD FROM FY 2020-21 TO 2024-25 AS APPROVED BY COMMISSION (RS. CRORE)

.................................................................................................................................................................. 375 TABLE 6-68: CAPITALISATION AND CAPITAL EXPENDITURE FOR FOURTH CONTROL PERIOD SUBMITTED BY MSEDCL (RS. CRORE)

.................................................................................................................................................................. 376 TABLE 6-69: EXCESS CAPITALISATION AND IDC NOT ALLOWED BY THE COMMISSION FOR 4TH CONTROL PERIOD .................... 377 TABLE 6-70: CAPITALISATION FOR FOURTH CONTROL PERIOD SUBMITTED BY MSEDCL (RS. CRORE) ................................... 378 TABLE 6-71: CAPITALISATION FOR FOURTH CONTROL PERIOD CONSIDERED FOR APPROVAL BY COMMISSION (RS. CRORE) ....... 378 TABLE 6-72: CAPITALISATION FOR FOURTH CONTROL PERIOD APPROVED BY COMMISSION (RS. CRORE) .............................. 379 TABLE 6-73: DEPRECIATION FOR FOURTH CONTROL PERIOD SUBMITTED BY MSEDCL (RS. CRORE) ..................................... 380 TABLE 6-74: DEPRECIATION FOR FOURTH CONTROL PERIOD AS APPROVED BY THE COMMISSION (RS. CRORE) ..................... 381 TABLE 6-75: INTEREST EXPENSES FOR FOURTH CONTROL PERIOD SUBMITTED BY MSEDCL (RS. CRORE) ......................... 381 TABLE 6-76: FUNDING PATTERN APPROVED BY COMMISSION FOR FOURTH CONTROL PERIOD (RS. CRORE) ....................... 382 TABLE 6-77: INTEREST EXPENSES APPROVED BY THE COMMISSION FOR FOURTH CONTROL PERIOD (RS. CRORE) .................... 382




TABLE 6-78: FUNDING PATTERN FOR FOURTH CONTROL PERIOD AS SUBMITTED BY MSEDCL ............................................. 383 TABLE 6-79: ROE FOR WIRES BUSINESS FOR THE 4TH CONTROL PERIOD (MSEDCL) (RS. CRORE) ....................................... 385 TABLE 6-80: ROE FOR SUPPLY BUSINESS FOR THE 4TH CONTROL PERIOD (MSEDCL) (RS. CRORE)...................................... 386 TABLE 6-81: RETURN ON EQUITY (WIRES) FOR 4TH CONTROL PERIOD APPROVED BY COMMISSION (RS. CRORE) ................... 388 TABLE 6-82: RETURN ON EQUITY (SUPPLY) FOR 4TH CONTROL PERIOD APPROVED BY COMMISSION (RS. CRORE) .................. 388 TABLE 6-83: SUMMARY OF ROE (WIRES AND SUPPLY) APPROVED BY THE COMMISSION (RS. CRORES) ................................. 388 TABLE 6-84: INTEREST ON WORKING CAPITAL AND SECURITY DEPOSIT FOR WIRES BUSINESS FOR 4TH CONTROL PERIOD (MSEDL)

(RS. CRORE) ................................................................................................................................................. 389 TABLE 6-85: INTEREST ON WORKING CAPITAL AND SECURITY DEPOSIT FOR SUPPLY BUSINESS FOR 4TH CONTROL PERIOD

(MSEDCL) (RS. CRORE) ................................................................................................................................ 390 TABLE 6-86: INTEREST ON WORKING CAPITAL AND SECURITY DEPOSITS FOR WIRES BUSINESS, FOR 4TH CONTROL PERIOD AS

APPROVED BY COMMISSION (RS. CRORE) .......................................................................................................... 392 TABLE 6-87: INTEREST ON WORKING CAPITAL AND SECURITY DEPOSITS FOR SUPPLY BUSINESS,FOR 4TH CONTROL PERIOD, AS

APPROVED BY COMMISSION (RS. CRORE) .......................................................................................................... 393 TABLE 6-88: PROVISION FOR BAD AND DOUBTFUL DEBT FOR WIRES BUSINESS FOR FOURTH CONTROL PERIOD, AS SUBMITTED BY

MSEDCL (RS. CRORE) ................................................................................................................................... 394 TABLE 6-89: PROVISION FOR BAD AND DOUBTFUL DEBT FOR SUPPLY BUSINESS FOR FOURTH CONTROL PERIOD, AS SUBMITTED BY

MSEDCL (RS. CRORE) ................................................................................................................................... 394 TABLE 6-90: RECEIVABLES PROJECTED BY MSEDCL FOR 4TH CONTROL PERIOD ................................................................. 395 TABLE 6-91: PROVISION FOR BAD AND DOUBTFUL DEBTS FOR WIRES BUSINESS, AS APPROVED BY COMMISSION (RS. CRORE) . 396 TABLE 6-92: PROVISION FOR BAD AND DOUBTFUL DEBTS FOR SUPPLY BUSINESS, AS APPROVED BY COMMISSION (RS. CRORE) 396 TABLE 6-93: OTHER EXPENSES FOR FOURTH CONTROL PERIOD, AS SUBMITTED BY MSEDCL (RS. CRORE) ........................... 397 TABLE 6-94: OTHER EXPENSES FOR FOURTH CONTROL PERIOD, AS APPROVED BY COMMISSION (RS. CRORE) ......................... 397 TABLE 6-95: CONTRIBUTION TO CONTINGENCY RESERVE FOR FOURTH CONTROL PERIOD, AS SUBMITTED BY MSEDCL (RS. CRORE)

.................................................................................................................................................................. 398 TABLE 6-96: CONTRIBUTION TO CONTINGENCY RESERVE AS APPROVED BY COMMISSION FOR FOURTH CONTROL PERIOD (RS.

CRORE) ........................................................................................................................................................ 399 TABLE 6-97: INCENTIVES AND DISCOUNTS FOURTH CONTROL PERIOD AS SUBMITTED BY MSEDCL (RS. CRORE) ..................... 399 TABLE 6-98: PAST TRENDS OF INCENTIVE AND DISCOUNTS ............................................................................................. 400 TABLE 6-99: INCENTIVES AND DISCOUNTS AS APPROVED BY COMMISSION FOR FOURTH CONTROL PERIOD ............................ 400 TABLE 6-100: NON-TARIFF INCOME FOR THE FOURTH CONTROL PERIOD, AS SUBMITTED BY MSEDCL (RS. CRORE) ............... 401 TABLE 6-101: NON-TARIFF INCOME AS APPROVED BY COMMISSION FOR FOURTH CONTROL PERIOD (RS. CRORE) .................. 401 TABLE 6-102: IMPACT OF PAYMENT TO MPECS SUBMITTED BY MSEDCL FOR FOURTH CONTROL PERIOD (RS. CRORE) ......... 402 TABLE 6-103: IMPACT OF PAYMENT TO MPECS APPROVED BY THE COMMISSION FOR FOURTH CONTROL PERIOD (RS. CRORE)

.................................................................................................................................................................. 402 TABLE 6-104: INCOME FROM OPEN ACCESS CHARGES FOR THE FOURTH CONTROL PERIOD, AS SUBMITTED BY MSEDCL (IN RS.

CRORE) ........................................................................................................................................................ 403 TABLE 6-105: INCOME FROM OPEN ACCESS CHARGES FOR FOURTH CONTROL PERIOD, AS APPROVED BY COMMISSION (RS. CRORE)

.................................................................................................................................................................. 404 TABLE 6-106: REVENUE AT EXISTING TARIFF FOR PROJECTED SALES OF FOURTH CONTROL PERIOD, AS SUBMITTED BY MSEDCL

(RS. CRORE) ................................................................................................................................................. 404 TABLE 6-107: REVENUE AT EXISTING TARIFF AT PROJECTED SALES FOR THE FOURTH CONTROL PERIOD, AS APPROVED BY

COMMISSION (RS. CRORE) .............................................................................................................................. 404 TABLE 6-108: INCOME FROM ADDITIONAL SURCHARGE FOR FOURTH CONTROL PERIOD AS SUBMITTED BY MSEDCL (RS. CRORE)

.................................................................................................................................................................. 405 TABLE 6-109: INCOME FROM ADDITIONAL SURCHARGE FOR FOURTH CONTROL PERIOD, AS APPROVED BY COMMISSION (RS.

CRORE) ........................................................................................................................................................ 405 TABLE 6-110: COST FROM INCREMENTAL REBATE FOR HT CONSUMERS AS APPROVED BY THE COMMISSION (RS. CRORE) ....... 406 TABLE 6-111: AGGREGATE REVENUE REQUIREMENT FOR WIRES BUSINESS, AS SUBMITTED BY MSEDCL (RS. CRORE) ............ 407 TABLE 6-112: AGGREGATE REVENUE REQUIREMENT FOR SUPPLY BUSINESS, AS SUBMITTED BY MSEDCL (RS. CRORE) ........... 407 TABLE 6-113: AGGREGATE REVENUE REQUIREMENT FOR WIRES + SUPPLY BUSINESS, AS SUBMITTED BY MSEDCL (RS. CRORE)

.................................................................................................................................................................. 408 TABLE 6-114: AGGREGATE REVENUE REQUIREMENT FOR WIRES BUSINESS, AS APPROVED BY COMMISSION (RS. CRORE) ........ 410 TABLE 6-115: AGGREGATE REVENUE REQUIREMENT FOR SUPPLY BUSINESS APPROVED BY THE COMMISSION (RS. CRORE) ....... 410 TABLE 6-116: AGGREGATE REVENUE REQUIREMENT FOR WIRES + SUPPLY BUSINESS, AS APPROVED BY COMMISSION (RS. CRORE)

.................................................................................................................................................................. 411 TABLE 7-1: SUMMARY OF IMPACT OF DPDC DISALLOWANCE FOR FY 2016-17 AS SUBMITTED MSEDCL ............................. 413




TABLE 7-2: SUMMARY OF IMPACT OF DPDC DISALLOWANCE FOR FY 2016-17 AS APPROVED BY THE COMMISSION ............... 414 TABLE 7-3: IMPACT OF REVISED O&M EXPENSES FOR FY 2015-16 AND FY 2016-17 ...................................................... 415 TABLE 7-4: IMPACT OF REVISED O&M EXPENSES FOR FY 2015-16 AND FY 2016-17 ...................................................... 416 TABLE 7-5: IMPACT OF REVIEW ORDER SUBMITTED BY MSEDCL .................................................................................... 416 TABLE 7-6: RE COMPUTATION OF O&M EXPENSES FOR WIRES BUSINESS FOR FY 2015-16 AS APPROVED (RS. CRORE) .......... 417 TABLE 7-7: RE COMPUTATION OF O&M EXPENSES FOR SUPPLY BUSINESS FOR FY 2015-16 AS APPROVED (RS. CRORE) ......... 418 TABLE 7-8: RE COMPUTATION OF SHARING OF GAINS OF O&M EXPENSES FOR SUPPLY BUSINESS FOR FY 2015-16 AND FY 2016-

17 AS APPROVED BY COMMISSION (RS. CRORE) ................................................................................................. 419 TABLE 7-9: IMPACT OF REVIEW ORDER ALLOWED BY COMMISSION ................................................................................. 420 TABLE 7-10: CLAIMS AGAINST CHANGE IN LAW RAISED BY APML AS SUBMITTED BY MSEDCL ............................................ 421 TABLE 7-11: CLAIMS AGAINST CHANGE IN LAW RAISED BY GMR AS SUBMITTED BY MSEDCL .............................................. 422 TABLE 7-12: CARRYING COST AGAINST REGULATORY ASSETS, PAST GAPS AND OTHER CLAIMS AS SUBMITTED COMPUTED BY

MSEDCL ..................................................................................................................................................... 425 TABLE 7-13: CARRYING COST AGAINST REGULATORY ASSETS AND PAST GAPS AS ALLOWED BY THE COMMISSION .................... 426 TABLE 7-14: CARRYING COST AGAINST REGULATORY ASSETS, PAST GAPS AND OTHER CLAIMS AS SUBMITTED BY MSEDCL ....... 427 TABLE 7-15: CARRYING COST AGAINST REGULATORY ASSETS, PAST GAPS AND OTHER CLAIMS AS ALLOWED BY THE COMMISSION

.................................................................................................................................................................. 428 TABLE 7-16: NET RECOVERY OF TARIFF AS SUBMITTED BY MSEDCL ............................................................................... 430 TABLE 7-17: NET RECOVERY OF TARIFF AS APPROVED BY THE COMMISSION ..................................................................... 431 TABLE 8-1: PROJECTED ARR AND ACOS FOR FY 2020-21 TO FY 2024-25, AS APPROVED BY THE COMMISSION (RS. CRORE) . 448 TABLE 8-2: MODIFIED ARR RECOVERY AND MODIFIED ACOS FOR 4TH CONTROL PERIOD, AS APPROVED BY THE COMMISSION (RS.

CRORE) ........................................................................................................................................................ 449 TABLE 8-3: AVERAGE BILLING RATE (ABR) AND CROSS SUBSIDY TRAJECTORY AS PROPOSED BY MSEDCL FOR FY 2020-21 .... 456 TABLE 8-4: AVERAGE BILLING RATE (ABR) AND CROSS SUBSIDY TRAJECTORY AS PROPOSED BY MSEDCL FOR FY 2021-22 .... 457 TABLE 8-5: AVERAGE BILLING RATE (ABR) AND CROSS SUBSIDY TRAJECTORY AS PROPOSED BY MSEDCL FOR FY 2022-23 .... 458 TABLE 8-6: AVERAGE BILLING RATE (ABR) AND CROSS SUBSIDY TRAJECTORY AS PROPOSED BY MSEDCL FOR FY 2023-24 .... 459 TABLE 8-7: AVERAGE BILLING RATE (ABR) AND CROSS SUBSIDY TRAJECTORY AS PROPOSED BY MSEDCL FOR FY 2024-25 .... 460 TABLE 8-8: AVERAGE BILLING RATE (ABR) AND CROSS SUBSIDY TRAJECTORY AS APPROVED BY THE COMMISSION FOR FY 2020-

21 .............................................................................................................................................................. 461 TABLE 8-9: AVERAGE BILLING RATE (ABR) AND CROSS SUBSIDY TRAJECTORY AS APPROVED BY THE COMMISSION FOR FY 2021-




25 .............................................................................................................................................................. 465 TABLE 8-13: STATE WISE BILLING DEMAND DEFINITION ................................................................................................ 471 TABLE 8-14: STATE WISE BILLING DEMAND DEFINITION ................................................................................................ 472 TABLE 8-15: CATEGORY WISE ENERGY CONSUMPTION DETAILS IN KVAH AND KWH............................................................ 483 TABLE 8-16: SUMMARY OF LT TARIFF FOR FY 2020-21, EFFECTIVE FROM 1 APRIL, 2020 .................................................. 490 TABLE 8-17: SUMMARY OF LT TARIFF FOR FY 2021-22, EFFECTIVE FROM 1 APRIL, 2021 .................................................. 491 TABLE 8-18: SUMMARY OF LT TARIFF FOR FY 2022-23, EFFECTIVE FROM 1 APRIL, 2022 .................................................. 492 TABLE 8-19: SUMMARY OF LT TARIFF FOR FY 2023-24, EFFECTIVE FROM 1 APRIL, 2023 .................................................. 494 TABLE 8-20: SUMMARY OF LT TARIFF FOR FY 2024-25, EFFECTIVE FROM 1 APRIL, 2024 .................................................. 495 TABLE 8-21: SUMMARY OF HT TARIFF FOR FY 2020-21, EFFECTIVE FROM 1 APRIL, 2020 ................................................. 497 TABLE 8-22: SUMMARY OF HT TARIFF FOR FY 2021-22, EFFECTIVE FROM 1 APRIL, 2021 ................................................. 497 TABLE 8-23: SUMMARY OF HT TARIFF FOR FY 2022-23, EFFECTIVE FROM 1 APRIL, 2022 ................................................. 498 TABLE 8-24: SUMMARY OF HT TARIFF FOR FY 2023-24, EFFECTIVE FROM 1 APRIL, 2023 ................................................. 499 TABLE 8-25: SUMMARY OF HT TARIFF FOR FY 2024-25, EFFECTIVE FROM 1 APRIL, 2024 ................................................. 500 TABLE 8-26: CATEGORY WISE PREPAID SALES ............................................................................................................... 514 TABLE 8-27: TRANSMISSION CHARGES COLLECTED FROM PARTIAL OA ............................................................................. 515 TABLE 8-28: TRANSMISSION CHARGES- DETAILS OF PARTIAL OA ..................................................................................... 516 TABLE 8-29: PROPOSED GRID SUPPORT CHARGES FOR ROOFTOP NET METERING ARRANGEMENTS (FY 2020-21) .............. 520 TABLE 8-30: GRID SUPPORT CHARGES FOR ROOFTOP NET METERING ARRANGEMENTS (H T CATEGORY) ..................... 523 TABLE 8-29: GRID CHARGES FOR ROOFTOP NET METERING ARRANGEMENTS (LT CATEGORY) ............................................. 525




TABLE 8-32: ADDITIONAL FIXED/DEMAND CHARGES FOR GRID CONNECTED RE GENERATING SYSTEMS CONNECTED BEHIND CONSUMER’S METER ...................................................................................................................................... 537

TABLE 8-33: STANDBY CHARGES FOR FY 2020-21 TO FY 2024-25, AS APPROVED BY THE COMMISSION ............................. 545 TABLE 8-34: NETWORK COST OF MSEDCL FOR FY 2020-21 TO FY 2024-25 ................................................................. 563 TABLE 8-35: SEGREGATION OF GFA FOR THE CONTROL PERIOD ...................................................................................... 564 TABLE 8-36: NETWORK COST APPORTIONED FOR THE CONTROL PERIOD (RS. CRORE) ......................................................... 564 TABLE 8-37: VOLTAGE WISE CONSUMPTION FOR THE CONTROL PERIOD, IN MUS ............................................................... 565 TABLE 8-38: CALCULATION OF WHEELING COST FOR FY 2020-21 ................................................................................... 565 TABLE 8-39: PROPOSED WHEELING CHARGES FOR FY 2020-21 ...................................................................................... 566 TABLE 8-40: PROPOSED WHEELING CHARGES FOR THE CONTROL PERIOD, IN RS./UNIT ....................................................... 566 TABLE 8-41:PROPOSED WHEELING LOSSES FOR CONTROL PERIOD ................................................................................... 566 TABLE 8-42: ALLOCATION OF WHEELING COST FOR FY 2020-21 TO FY 2024-25, CONSIDERED BY COMMISSION .................. 567 TABLE 8-43: VOLTAGE-WISE WHEELING COST ALLOCATION FOR COMPUTATION OF WHEELING CHARGES FOR FY 2020-21 TO FY

2024-25 ..................................................................................................................................................... 567 TABLE 8-44: TOTAL WIRE RECOVERY INCLUDING PAST PERIOD GAPS FOR FY 2020-21 TO FY 2024-25, AS APPROVED BY THE

COMMISSION ................................................................................................................................................ 567 TABLE 8-45: VOLTAGE-WISE SHARE OF NETWORK COST FOR FY 2020-21 TO FY 2024-25, AS CONSIDERED BY COMMISSION (RS.

CRORE) ........................................................................................................................................................ 568 TABLE 8-46: COMPUTATION OF C FOR CONTROL PERIOD .............................................................................................. 573 TABLE 8-47: COMPUTATION OF SYSTEM LOSS FOR THE CONTROL PERIOD ........................................................................ 573 TABLE 8-48: COMPUTATION OF WHEELING CHARGE 'D' FOR THE CONTROL PERIOD .......................................................... 573 TABLE 8-49: DETAILED COMPUTATION OF CSS FOR FY 2020-21 FOR HT CONSUMERS...................................................... 575 TABLE 8-50: DETAILED COMPUTATION OF CSS FOR FY 2020-21 FOR LT CONSUMERS ....................................................... 576 TABLE 8-51: SUMMARY OF CSS FOR THE CONTROL PERIOD OF HT CONSUMERS ............................................................... 578 TABLE 8-52: SUMMARY OF CSS FOR THE CONTROL PERIOD FOR LT CONSUMERS .............................................................. 579 TABLE 8-53: CROSS SUBSIDY SURCHARGE APPROVED BY COMMISSION FOR FY 2020-21 AS PER REVISED TARIFF POLIC

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