PETITION - tantransco

More documents

Recommendations

Info

4.2.3 A&G Expenses: Administration and General Expenses consists of expenses pertains to Rent, Rates, Taxes, Telephone and Postage, Printing and Stationary, Electricity and Water Charges, Advertisements Expenses etc. A comparison of A&G Expenses with that approved by the Hon’ble Commission is shown in the table below: Table 13: A&G Expense for FY 2011-12 Rs. Crs Details Approved by Commission FY 2011-12 Provisional Rent, Rates & Taxes 0.43 Conveyance & Travel 8.76 Legal & Consulting Charges 0.23 Telephone/Postage/Telegram/Telex charges 0.92 Electricity & Water Charges 0.25 Advertisement Expenses 0.08 Misc Expenses 0.64 Watch and Ward Services 3.01 Freight 0.89 Others 2.20 Total Admin and General Expenses 17.40 Less: Capitalized 10.22 Net Admin and General Expenses 10.16 7.18 4.2.4 Repair & Maintenance Expenses: R&M Expenses are generally incurred on maintaining the transmission assets in order to ensure uninterrupted operations. The R&M expense for the year FY 2011-12 is shown below: Table 14: R&M Expense for FY 2011-12 Details Approved by Commission Rs. Crs FY 2010-11 Provisional Plant & Machinery 3.73 Building 0.08 Civil Works 0.26 Hydraulic work - Lines & Cable network 3.45 Vehicles 0.37 Furniture & Fixtures 0.00 Office equipments 0.15 Total Expenses 8.05 Less: Capitalisation 1.34 Net Repair & Maintenance expenses 22.50 6.71 4.2.5 Based on the above tables, the actual performance related to O&M Expenses (after deducting capitalization) for the year FY 2011-12 is outlined in the table below: Page 15
Table 15: O&M Expenditure for FY 2011-12 Rs. Crs Particulars Approved by Commission FY 2011-12 Difference (Provisional) Employee Expense 585.77 296.25 (289.52) Administration & General Expenses 10.16 7.18 (2.98) Repair & Maintenance Expenses 22.50 6.71 (15.79) Total 618.43 310.15 (308.28) 4.2.6 As seen from the above table, the provisional O&M expense for the year FY 2011-12 is Rs. 310.15 Crs. Further, looking at each element wise, it is observed that the employee expenses, A&G expenses and R&M expenses are well within the limits as approved by the Hon’ble Commission. Therefore, TANTRANSCO requests the Hon’ble Commission to approve the same. 4.2.7 TANTRANSCO submits that the staff transfer scheme is not yet been finalised and employees are working on a deputation basis on “As is where is basis”. Employees of TANTRANSCO are working with TANGEDCO and based on the final staff transfer scheme, the employee cost will be finalised. TANTRANSCO request Hon’ble Commission to consider such additional cost as and when arises. 4.3 GFA and Depreciation 4.3.1 The actual depreciation charge for the year FY 2011-12 as per the provisional accounts is Rs. 293 Crs as against depreciation charge of Rs. 323 Crs as approved by the Hon’ble Commission. The average rate of depreciation as a percentage of the Opening GFA for the year FY 2011-12 works out to 2.38%. Table 16: GFA and Depreciation for FY 2011-12 Rs. Crs Particulars Approved by Commission FY 2011-12 (Provisional) Opening Gross Block 9,933 12,292 Additions 835 88 Closing Gross Block 10,767 12,380 Depreciation during the year 323 293 Difference in Depreciation (30) Rate of Depreciation 3.25% 2.38% 4.3.2 TANTRANSCO would like to submit that the above capitalisation is based on the provisional accounts and is likely to be revised at the time of audited figures as certain expenses has not been capitalised due to the pending of the work completion certificate. TANTRANSCO is in the process of collecting all the relevant information to complete the work related to identification of the capitalisation details and request the Hon’ble Commission to allow TANTRANSCO to revise the figures as and when the exercise is completed. Page 16
Page 1 and 2: TAMIL NADU TRANSMISSION CORPORATION
Page 3 and 4: 6.9 OTHER DEBITS AND PRIOR PERIOD I
Page 5 and 6: Table 53: Incentive for FY 2013-14
Page 7 and 8: Sr. No Abbreviations Descriptions 3
Page 9 and 10: asis and assigned to the services o
Page 11 and 12: 2. OVERALL APPROACH FOR PRESENT FIL
Page 13 and 14: 3. FINAL TRUE UP FOR FY 2010-11 3.1
Page 15 and 16: Table 3: R&M Expense for FY 2010-11
Page 17 and 18: 3.5.2 TANTRANSCO would like to subm
Page 19 and 20: 3.6.7 Based on the foregoing paragr
Page 21: 4. PROVISIONAL TRUE UP FOR FY 2011-
Page 25 and 26: 4.5.3 TANTRANSCO would like to subm
Page 27 and 28: 4.7 Other Income 4.7.1 Other Income
Page 29 and 30: 5. CAPITAL EXPENDITURE FOR FY 2010-
Page 31 and 32: 6. ANNUAL PERFORMANCE REVIEW - FY 2
Page 33 and 34: 6.3.4 Thus, the Employee Expense of
Page 35 and 36: 6.4 GFA and Depreciation 6.4.1 The
Page 37 and 38: 6.7.2 The Hon’ble Commission in i
Page 39 and 40: Table 40: Annual Transmission Charg
Page 41 and 42: 7.2.2 The Employee Expense of TANTR
Page 43 and 44: 7.3.4 The depreciation charge propo
Page 45 and 46: 7.6.2 Further, the Tariff Regulatio
Page 47 and 48: 7.11.2 The petition is filed under
Page 49 and 50: 9. TRANSMISSION CHARGES FOR CONTROL
Page 51 and 52: Table 56: Transmission loading for
Page 53 and 54: • To maintain % voltage regulatio
Page 55 and 56: 9.2.5 Operation and Maintenance exp
Page 57 and 58: B. Administration & General Expense
Page 59 and 60: 9.2.7.5 The funding for new capital
Page 61 and 62: 9.2.11.3 The Hon’ble Commission i
Page 63 and 64: 10. METHODOLOGY FOR RECOVERY OF NET
Page 65 and 66: 10.4 Loading of the Transmission Sy
Page 67 and 68: 10.5.7 As per Comprehensive Tariff
Page 69 and 70: 11. DIRECTIVES OF THE HON’BLE COM
Page 71: Page 64

PETITION - tantransco

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?