Tariff Petition 2008-09 to 2010-11 - WBSEDCL

A13. The aggregated assets and liabilities vested in West Bengal State ElectricityDistribution Company Limited in terms of “West Bengal Power Sector ReformsTransfer Scheme, 2007” notified by the Government of West Bengal has beenconsidered for estimating the expenditures under different heads. The said assetsand liabilities was prepared as per balance sheet of erstwhile WBSEB as on31/03/2006. After adjusting accounting transaction during the year 2006-07 thebalance sheet has been recast as on 31.03.07 to arrive at opening balance for theyear 2007-08. .14. The WBSEDCL has adopted the following norms while proposing tariffs for thevarious categories.• In terms of West Bengal Power Reforms Transfer Scheme total Equity of WBSEDCLwas Rs. 1942 Cr. as per Balance Sheet of erstwhile WBSEB as on 31.03.2006.Actual equity added during the year 2006-07 was 194.75 Cr. and considering thesame, the equity base considered at the beginning of the year 2007-08has beenarrived at 2136.75 Cr. Equity to be added during the years FY 09,FY10 and FY11has been considered as 270.11Cr. , 307.67Cr and 335.39Cr. respectively. Apermitted return @ 14% on the equity base arrived for the respective years hasbeen considered in the Revenue Requirement.• The Board has attempted to reduce the cross-subsidies and rationalize the tariff forthe various classes of consumers in line with Section 61(g) of the Electricity Act,2003.• The Board has already taken up various steps to reduce the T&D loss. Circle wiseATC loss is being computed and every endeavor is being made to reduce the ATCloss. In the current tariff petition for FY09,FY10 and FY11 the energy requirementhas been estimated considering normative distribution loss as per regulation framedby the Hon’ble.West Bengal State Electricity Distribution Company LimitedPage - 6