GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED MYT Petition, True-up Petition Formats - Transmission

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1 Title Reference 1 Aggregate Revenue Requirement - Summary Sheet Form 1 2 Normative Operation and Maintenance Expenses Form 2 3 Operations and Maintenance Expenses Form Transmission Network Details Form Employee Expenses Form A&G Expenses Form R&M Expenses Form Summary of Capital Expenditure & Capitalisation Form 3 9 Assets & Depreciation Form 4 10 Interest Expenses Form 5 11 Interest on Working Capital Form 6 12 Return on Regulatory Equity Form 7 13 Non-tariff Income Form 8 14 Contribution to contingency reserves Form 9 15 Transmission Losses Form Transmission Availability Form Truing Up Summary Form Break-up of Revenue Form 12.1 NOTE: (1) Electronic copy in the form of CD containing excel sheets of the Forms shall also be furnished. (2) Figures in (-ve) must be shwon in Brackets- (... ) and figures in (+ve) must be shown without Bracket. Page 65

2 Form 1: Aggregate Revenue Requirement - Summary Sheet True-Up Year (FY ) April - March Reference Tariff Order (Audited) Deviation (a) (b) (c)=(b)-(a) 1 Operation & Maintenance Expenses Form 2 1, , Depreciation Form Interest and Finance Charges Form (72.91) 4 Interest on Working Capital and deposits from TSUs Form Contribution to Contingency reserves Form Total Revenue Expenditure 2, , (37.91) 7 Return on Equity Capital Form Incentive Tax (24.88) 8 Aggregate Revenue Requirement 3, , (31.72) 9 Less: Non Tariff Income Form (18.85) 10 Less: Income from Other Business Less: Revenue from short-term transmission charges Less: Expenses Capitalized Aggregate Revenue Requirement from Transmission Tariff 3, , (28.50) Page 66 Remarks

3 Form 2: Normative Operation and Maintenance Expenses Previous Year Particular FY Opening Closing Average 1 Ckt. Km. Basis a Ckt km length Above 400 kv -400 kv -220 kv -132 kv -66 kv and below Total b Applicable O&M cost Norm for ckt-km :- Rs Lakh / ckt-km 0.64 c O&M Expenses (ckt-km), Rs Crore A Sub-total Remarks 2 Bay basis d Number of Bays Above 400 kv -400 kv -220 kv -132 kv -66 kv and below Total e f B C Lakh per feeder bay O&M Expense (Bays), Rs Crore Sub-total Total (A+B) , Page 67

4 Form 2.1: Operations and Maintenance Expenses Approved in Tariff Order True-Up Year (FY ) Normative Actual As per Audited Accounts (Net of O&M Expenses Capitalised) 1 O&M Expenses 1, , , Remarks Page 68

5 Network details GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED Form 2.2: Transmission Network Details Previous Year Remarks FY A B C No of Substations (Addition) Above 400 kv 400 KV KV KV KV and less Transformation Capacity (in MVA) Above 400 kv 400 KV 14, KV 31, KV 8, KV and less 46, Transmission Capacity (in MW) Page 69

6 Form 2.3: Employee Expenses Expenditure details True-Up Year (FY ) April-March (Audited) Regulated Business Non-regulated Business Total (Audited) 1 Basic Salary Dearness Allowance (DA) - 3 House Rent Allowance 4 Conveyance Allowance 5 Leave Travel Allowance - 6 Earned Leave Encashment - 7 Other Allowances - 8 Medical Reimbursement - 9 Overtime Payment 10 Bonus/Ex-Gratia Payments - 11 Interim Relief / Wage Revision - 12 Staff welfare expenses VRS Expenses/Retrenchment Compensation 14 Commission to Directors 15 Death & Accident Compensation - 16 Training Expenses 17 Payment under Workmen's Compensation Act - 18 Net Employee Costs 19 Terminal Benefits Provident Fund Contribution Provision for PF Fund 19.3 Pension Payments 19.4 Gratuity Payment - 20 Re-measurement of the defined benefit plans Gross Employee Expenses * Less: Expenses Capitalised** - 23 Net Employee Expenses Note: Employee expenses shown is excluding SLDC charges Expenses capitalized have been shown under separate head in F1 sheet Page 70

7 Form 2.4: Administration & General Expenses True-Up Year (FY ) April-March (Audited) Non-regulated Regulated Business Total (Audited) Business 1 Rent Rates & Taxes Insurance Telephone & Postage, etc Legal charges & Audit fee (Break-up as per separate Table in Form 2.4.1) Professional, Consultancy, Technical fee Conveyance & Travel Electricity charges Water charges Security arrangements 10 Fees & subscription Books & periodicals 12 Computer Stationery Printing & Stationery Advertisements Purchase Related Advertisement Expenses Contribution/Donations - 17 License Fee and other related fee 18 Vehicle Running Expenses Truck / Delivery Van 19 Vehicle Hiring Expenses Truck / Delivery Van 20 Cost of services procured 21 Outsourcing of metering and billing system 22 Freight On Capital Equipments V-sat, Internet and related charges 24 Training Bank Charges 26 Miscellaneous Expenses Office Expenses CSR Expenses - 29 Others (Pls. specify) Gross A&G Expenses Less: Expenses Capitalised - 32 Net A&G Expenses Note: A&G expenses shown is excluding SLDC charges Expenses capitalized have been shown under separate head in F1 sheet Page 71

8 GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED Form 2.5: Repair and Maintenance Expenses True-up Year (FY ) (Audited) 1 Plant & Machinery Buildings Civil Works - 4 Hydraulic Works - 5 Lines & Cable Networks Vehicles - 7 Furniture & Fixtures - 8 Office Equipment Others (Pls. specify) 10 Gross R&M Expenses Less: Expenses Capitalised - 12 Net R&M Expenses Note: R&M expenses shown is excluding SLDC charges Expenses capitalized have been shown under separate head in F1 sheet Page 72

9 Form 3: Summary of Capital Expenditure and Capitalisation True-up Year (FY ) April-March Tariff Order (Audited ) Deviation (a) (b) (c ) = (b) - (a) 1 Capital Expenditure 2, , (159.16) Remarks 2 Capitalisation 2, , IDC Capitalisation + IDC 2, , Note: Detail Justification shall be provided for variation in approved capital expenditure and capitalisation vis-a-vis actual capital expenditure and capitalisation Page 73

10 Form 4: Assets & Depreciation Fixed Assets and Depreciation For True Up year and each Year of MYT Control Period * Land Buildings Hydraulic works Other Civil Works Plant & Machinery Lines & Cables Vehicles Furniture & Fixtures Office Equipments Capital Expenditure on Assets not belonging to utility Spare Units Capital Spares Leasehold land Intangible Assets As at the beginning of the Financial Year Additions Gross Block Deductions As at the end of the Financial Year As at the beginning of the Financial Year Additions Depreciation Deductions As at the end of the Financial Year Applicable rate of Depreciation (%) * As at the beginning of the Financial Year Net Block As at the end of the Financial Year TOTAL Total as per Audited Account (for 18, , , % True up year only) * The particular of asset and rate of depreciation should match with those provided in the applicable Tariff Regulations Page 74

11 Form 5: Interest & Finance Charges / Interest Expenses (1 of 2) A. Normative Loan True-Up Year (FY ) Source of Loan Tariff Order April-March (Audited) Deviation (a) (b) (c ) = (b) - (a) 1 Opening Balance of Normative Loan 5, , (53.25) 2 Less: Reduction of Normative Loan due to retirement or replacement of assets Addition of Normative Loan due to capitalisation during the year 1, , Repayment of Normative loan during the year Closing Balance of Normative Loan 5, , Average Balance of Normative Loan 5, , Weighted average Rate of Interest on actual Loans (%) 10.11% 8.79% 8 Interest Expenses Finance Charges Total Interest & Finance Charges Remarks Page 75

12 Form 6: Interest on Working Capital A. True up Year (FY ) True up Year (FY ) Norm Tariff Order Audited True-Up Petition 1 O&M expenses 1 Month Maintenance Spares 1% of the historical cost escalated at 6% yearly Receivables 1 Month Less: Amount of Security Deposit from Transmission System Users 0-5 Total Working Capital requirement Computation of working capital interest 7 Interest Rate (%) 11.70% 11.79% 8 Interest on Working Capital Actual Working Capital Interest Not Applicable Notes: 1 Petitioner should submit documentary evidence for actual interest on working capital incurred Page 76

13 Form 7: Return on Regulatory Equity True up Year (FY ) Legend Claimed in Norm Tariff Order Petition 1 Regulatory Equity at the beginning of the year A 4, , Capitalisation during the year B 3 Equity portion of capitalisation during the year C Reduction in Equity Capital on account of retirement / replacement of assets D Regulatory Equity at the end of the year E=A+C-D 5, , Return on Equity Computation 6 Return on Regulatory Equity at the beginning of the year F 7 Return on Regulatory Equity addition during the year G=(C-D)/2 8 Total Return on Equity Page 77

14 Form 8: Non-Tariff Income True up Year (FY ) Reference MYT Order April-March (Audited ) Deviation Remarks (a) (b) (c ) = (b) - (a) 1 Income from Rents of land or buildings 2 Income from Sale of Scrap 3 Income from Scheduling and system operating charges 4 Income from interest on investments etc. 5 Interest income on advances to suppliers/contractors 6 Income from Rental from staff quarters 7 Income from Rental from contractors 8 Income from hire charges from contractors and others 9 Income from advertisements, etc. 10 Prior Period Income etc. 11 Parallel Operation Charges Miscellaneous Receipts Miscellaneous charges from consumers Penalties received from suppliers & consumers Others 17 Total Page 78

15 Form 9: Contribution to Contingency Reserves True up Year (FY ) MYT Order April-March (Audited ) Deviation (a) (b) (c ) = (b) - (a) 1 Opening Balance of Contingency Reserves 2 Opening Gross Fixed Assets 3 Opening Balance of Contingency Reserves as % of Opening GFA 0.00% 4 Contribution to Contingency Reserves during the year Utilisation of Contingency Reserves during the year Closing Balance of Contingency Reserves Closing Balance of Contingency Reserves as % of Opening GFA 0.00% Remarks Note: Documentary evidence towards investment of amounts under Contingency Reserve should be submitted Page 79

16 Form 10: Transmission Losses True-Up Year (FY ) Energy Input Energy Output Loss in % KV KV KV 4 66 KV 5 Below 66 KV 6 Transmission System as a Whole % Page 80

17 Form 11: Transmission Availability True-Up Year (FY ) Tariff Order Actual 1 Transmission Availability (in %) % Note:As certified by SLDC. Page 81

18 Form 12: Truing-up Summary True-up Year (FY ) Approved Actual Deviation Reason for Deviation Controllable Uncontrollable 1 Operation & Maintenance Expenses 1, , (14.04) (4.76) (9.28) 2 Depreciation (20.88) (20.88) 3 Interest on Long-term Loan Capital Interest on Working Capital and deposit of TSUs (0.07) (0.07) 5 Contribution to Contingency reserves Total Revenue Expenditure 2, , (4.76) Return on Equity Capital (3.64) (3.64) 8 Incentive (27.43) (27.43) 9 Tax Aggregate Revenue Requirement 3, , (4.76) Less: Non Tariff Income Less: Income from Other Business Less: Expenses Capitalized (15.62) (15.62) 14 Aggregate Revenue Requirement fromtransmission Tariff 3, , (4.76) Revenue from transmission tariff 16 Long-term TSUs incl Distribution Licensees (Break-up must be provided as per separate Table in Form 12.1) Medium Term Users (Break-up must be provided as per separate Table in Form 12.1) Short-term Users (Break-up must be provided as per separate Table in Form 12.1) Short-term collective transactions Others (Pls. specify) - 21 Revenue Gap/(Surplus) Page 82

19 Form 12.1: Break-up of Revenue A. True-Up Year (FY ) Long & Medium Term TSUs Month Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total Transmission Capacity utilisied in MW Revenue in Rs. Crore Short Term TSUs Month Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total Transmission Capacity utilisied in MW Revenue in Rs. Crore Total Month Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total (A) Projected in the Tariff Order (B) Transmission Capacity utilisied in MW Revenue in Rs. Crore Page 83 Deviation (C) = (B)- (A)

GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED MYT Petition, True-up Petition Formats - Transmission

GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED MYT Petition, True-up Petition Formats - Transmission Title Reference 1 Aggregate Revenue Requirement - Summary Sheet Form 1 2 Normative Operation and Maintenance Expenses Form 2 3 Operations and Maintenance Expenses Form 2.1 4 Transmission Network Details