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 Form 2.2 5 Employee Expenses Form 2.3 6 A&G Expenses Form 2.4 7 R&M Expenses Form 2.5 8 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 10 16 Transmission Availability Form 11 17 Truing Up Summary Form 12 18 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
Form 1: Aggregate Revenue Requirement - Summary Sheet True-Up Year (FY 2016-17) April - March Reference Tariff Order (Audited) Deviation (a) (b) (c)=(b)-(a) 1 Operation & Maintenance Expenses Form 2 1,275.38 1,289.42 14.04 2 Depreciation Form 4 928.61 949.49 20.88 3 Interest and Finance Charges Form 5 557.14 484.23 (72.91) 4 Interest on Working Capital and deposits from TSUs Form 6 63.35 63.42 0.07 5 Contribution to Contingency reserves Form 9 - - - 6 Total Revenue Expenditure 2,824.48 2,786.57 (37.91) 7 Return on Equity Capital Form 7 694.04 697.68 3.64 Incentive - 27.43 27.43 Tax 64.62 39.74 (24.88) 8 Aggregate Revenue Requirement 3,583.14 3,551.42 (31.72) 9 Less: Non Tariff Income Form 8 331.37 312.52 (18.85) 10 Less: Income from Other Business - - - 11 Less: Revenue from short-term transmission charges - - - Less: Expenses Capitalized 194.13 209.75 15.62 12 Aggregate Revenue Requirement from Transmission Tariff 3,057.64 3,029.14 (28.50) Page 66 Remarks
Form 2: Normative Operation and Maintenance Expenses Previous Year Particular FY 2016-17 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 54605.44 2424 55645 b Applicable O&M cost Norm for ckt-km :- Rs Lakh / ckt-km 0.64 c O&M Expenses (ckt-km), Rs Crore 357.23 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 11811 784 12095.4 e f B C Lakh per feeder bay O&M Expense (Bays), Rs Crore Sub-total Total (A+B) 7.60 927.43 1,284.66 Page 67
Form 2.1: Operations and Maintenance Expenses Approved in Tariff Order True-Up Year (FY 2016-17) Normative Actual As per Audited Accounts (Net of O&M Expenses Capitalised) 1 O&M Expenses 1,275.38 1,284.66 1,289.42 Remarks Page 68
Network details GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED Form 2.2: Transmission Network Details Previous Year Remarks FY 2016-17 A B C No of Substations (Addition) Above 400 kv 400 KV 1.00 220 KV - 132 KV 1.00 66 KV and less 98.00 Transformation Capacity (in MVA) Above 400 kv 400 KV 14,950.00 220 KV 31,010.00 132 KV 8,837.50 66 KV and less 46,461.00 Transmission Capacity (in MW) Page 69
Form 2.3: Employee Expenses Expenditure details True-Up Year (FY 2016-17) April-March (Audited) Regulated Business Non-regulated Business Total (Audited) 1 Basic Salary 730.75 2 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 10.73 13 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 80.63 19.1 Provident Fund Contribution 78.18 19.2 Provision for PF Fund 19.3 Pension Payments 19.4 Gratuity Payment - 20 Re-measurement of the defined benefit plans 42.42 21 Gross Employee Expenses * 942.72 22 Less: Expenses Capitalised** - 23 Net Employee Expenses 942.72 Note: Employee expenses shown is excluding SLDC charges Expenses capitalized have been shown under separate head in F1 sheet Page 70
Form 2.4: Administration & General Expenses True-Up Year (FY 2016-17) April-March (Audited) Non-regulated Regulated Business Total (Audited) Business 1 Rent Rates & Taxes 1.42 2 Insurance 0.38 3 Telephone & Postage, etc. 5.78 4 Legal charges & Audit fee (Break-up as per separate Table in Form 2.4.1) 0.82 5 Professional, Consultancy, Technical fee 3.84 6 Conveyance & Travel 39.92 7 Electricity charges 7.29 8 Water charges 1.71 9 Security arrangements 10 Fees & subscription 0.42 11 Books & periodicals 12 Computer Stationery 0.93 13 Printing & Stationery 2.10 14 Advertisements 0.42 15 Purchase Related Advertisement Expenses 3.75 16 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 0.00 23 V-sat, Internet and related charges 24 Training 2.42 25 Bank Charges 26 Miscellaneous Expenses 21.27 27 Office Expenses 0.87 28 CSR Expenses - 29 Others (Pls. specify) 1.16 30 Gross A&G Expenses 94.52 31 Less: Expenses Capitalised - 32 Net A&G Expenses 94.52 Note: A&G expenses shown is excluding SLDC charges Expenses capitalized have been shown under separate head in F1 sheet Page 71
GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED Form 2.5: Repair and Maintenance Expenses True-up Year (FY 2016-17) (Audited) 1 Plant & Machinery 215.27 2 Buildings 11.90 3 Civil Works - 4 Hydraulic Works - 5 Lines & Cable Networks 18.11 6 Vehicles - 7 Furniture & Fixtures - 8 Office Equipment 6.90 9 Others (Pls. specify) 10 Gross R&M Expenses 252.18 11 Less: Expenses Capitalised - 12 Net R&M Expenses 252.18 Note: R&M expenses shown is excluding SLDC charges Expenses capitalized have been shown under separate head in F1 sheet Page 72
Form 3: Summary of Capital Expenditure and Capitalisation True-up Year (FY 2016-17) April-March Tariff Order (Audited ) Deviation (a) (b) (c ) = (b) - (a) 1 Capital Expenditure 2,530.05 2,370.89 (159.16) Remarks 2 Capitalisation 2,024.04 2,163.93 139.89 3 IDC - - 4 Capitalisation + IDC 2,024.04 2,163.93 139.89 Note: Detail Justification shall be provided for variation in approved capital expenditure and capitalisation vis-a-vis actual capital expenditure and capitalisation Page 73
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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total as per Audited Account (for 18,046.02 2,167.66 0 20,213.68 949.49 4.96% True up year only) * The particular of asset and rate of depreciation should match with those provided in the applicable Tariff Regulations Page 74
Form 5: Interest & Finance Charges / Interest Expenses (1 of 2) A. Normative Loan True-Up Year (FY 2016-17) Source of Loan Tariff Order April-March (Audited) Deviation (a) (b) (c ) = (b) - (a) 1 Opening Balance of Normative Loan 5,349.39 5,296.14 (53.25) 2 Less: Reduction of Normative Loan due to retirement or replacement of assets - - 3 Addition of Normative Loan due to capitalisation during the year 1,227.68 1,348.87 4 Repayment of Normative loan during the year 928.61 949.49 5 Closing Balance of Normative Loan 5,648.46 5,695.52 6 Average Balance of Normative Loan 5,498.93 5,495.83 7 Weighted average Rate of Interest on actual Loans (%) 10.11% 8.79% 8 Interest Expenses 556.14 483.08 9 Finance Charges 1.00 1.15 10 Total Interest & Finance Charges 557.14 484.23 Remarks Page 75
Form 6: Interest on Working Capital A. True up Year (FY 2016-17) True up Year (FY 2016-17) Norm Tariff Order Audited True-Up Petition 1 O&M expenses 1 Month 106.28 107.45 2 Maintenance Spares 1% of the historical cost escalated at 6% yearly 180.46 180.46 3 Receivables 1 Month 254.75 250.14 4 Less: Amount of Security Deposit from Transmission System Users 0-5 Total Working Capital requirement 541.49 538.06 6 Computation of working capital interest 7 Interest Rate (%) 11.70% 11.79% 8 Interest on Working Capital 63.35 63.42 9 Actual Working Capital Interest Not Applicable Notes: 1 Petitioner should submit documentary evidence for actual interest on working capital incurred Page 76
Form 7: Return on Regulatory Equity True up Year (FY 2016-17) Legend Claimed in Norm Tariff Order Petition 1 Regulatory Equity at the beginning of the year A 4,694.39 4,694.39 2 Capitalisation during the year B 3 Equity portion of capitalisation during the year C 526.15 578.09 4 Reduction in Equity Capital on account of retirement / replacement of assets D - - 5 Regulatory Equity at the end of the year E=A+C-D 5,220.54 5,272.48 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 694.04 697.68 Page 77
Form 8: Non-Tariff Income True up Year (FY 2016-17) 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 331.37 312.52 Page 78
Form 9: Contribution to Contingency Reserves True up Year (FY 2016-17) 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 - 0.00-5 Utilisation of Contingency Reserves during the year 0.00 6 Closing Balance of Contingency Reserves 0.00 7 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
Form 10: Transmission Losses True-Up Year (FY 2016-17) Energy Input Energy Output Loss in % 1 400 KV 2 220 KV 3 132 KV 4 66 KV 5 Below 66 KV 6 Transmission System as a Whole 89632.06 86150.40 3.88% Page 80
Form 11: Transmission Availability True-Up Year (FY 2016-17) Tariff Order Actual 1 Transmission Availability (in %) - 99.40% Note:As certified by SLDC. Page 81
Form 12: Truing-up Summary True-up Year (FY 2016-17) Approved Actual Deviation Reason for Deviation Controllable Uncontrollable 1 Operation & Maintenance Expenses 1,275.38 1,289.42 (14.04) (4.76) (9.28) 2 Depreciation 928.61 949.49 (20.88) (20.88) 3 Interest on Long-term Loan Capital 557.14 484.23 72.91 72.91 4 Interest on Working Capital and deposit of TSUs 63.35 63.42 (0.07) (0.07) 5 Contribution to Contingency reserves - - - - 6 Total Revenue Expenditure 2,824.48 2,786.57 37.91 (4.76) 42.67 7 Return on Equity Capital 694.04 697.68 (3.64) (3.64) 8 Incentive - 27.43 (27.43) (27.43) 9 Tax 64.62 39.74 24.88 24.88 10 Aggregate Revenue Requirement 3,583.14 3,551.42 31.72 (4.76) 36.49 11 Less: Non Tariff Income 331.37 312.52 18.85 18.85 12 Less: Income from Other Business - - - - 13 Less: Expenses Capitalized 194.13 209.75 (15.62) (15.62) 14 Aggregate Revenue Requirement fromtransmission Tariff 3,057.64 3,029.14 28.50 (4.76) 33.27 15 Revenue from transmission tariff 16 Long-term TSUs incl Distribution Licensees (Break-up must be provided as per separate Table in Form 12.1) - 17 18 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) - - 19 Short-term collective transactions - - - 20 Others (Pls. specify) - 21 Revenue Gap/(Surplus) - 31.68 Page 82
Form 12.1: Break-up of Revenue A. True-Up Year (FY 2016-17) Long & Medium Term TSUs Month Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total Transmission Capacity utilisied in MW 20617 20508 21024 21266 21266 21297 21547 21205 21191 21181 21132 21131 Revenue in Rs. Crore 215.65 215.65 215.65 215.65 215.65 215.65 215.65 215.65 215.64 215.64 212.46 215.5 2584.44 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 20617 20508 21024 21266 21266 21297 21547 21205 21191 21181 21132 21131 Revenue in Rs. Crore 215.65 215.65 215.65 215.65 215.65 215.65 215.65 215.65 215.64 215.64 212.46 215.5 2584.44 2587.76 3.32 Page 83 Deviation (C) = (B)- (A)