13th floor, Centre No.1,
World Trade Centre, Cuffe Parade, Mumbai-400 005.
Tel.
22163964 / 22163965, Fax No. 22163976
E-mail:
mercindia@mercindia.com
Website:
www.mercindia.com
Dr.
Pramod Deo, Member
Shri.A.
Velayutham, Member
Dated: 6 th January, 2005
In
their original Petition dated 11th August, 2004, seeking approval
under Section 65 of the Electricity Act (EA) 2003, Govt. of Maharashtra (GoM)
in the Industries, Energy & Labour Department had stated their intention to
provide subsidy against tariff so as to make free power available to
agricultural consumers of the Maharashtra State Electricity Board (MSEB) and
Mula Pravara Electric Co-operative Society (MPECS) from the 2nd
Quarter of the financial year 2004-05 onwards, along with estimated revenue
loss and the position of provisions for compensation by adjustment of dues for
the purpose upto 31st March, 2005.
Under its Orders dated 23rd August, 2004 and 23rd
September, 2004, the Commission had, inter-alia, directed that the amount of
compensation be paid in cash, or by way of adjustment of net dues payable by
MSEB only if certain stipulations in the Order dated 23rd September,
2004 were fulfilled, against 100% subsidy for free power for the 2nd
Quarter of 2004-05. With regard to the
subsequent period, GoM could approach the Commission again when they were able
to show that they fulfilled the requirements of the Order and of the Tariff
Regulations for that period.
2. In its Order dated 23.8.2004, the Commission had stated (para
24) that
"GoM are directed
to compensate MSEB and MPECS by net cash releases to the extent required for
the 2nd quarter of 2004-05 well before raising of bills for that
quarter. With regard to the subsequent
period, GoM are free to approach the Commission when they are able to show that
they fulfill the requirements of the Commission and of the Tariff Regulations
for that period. While doing so, or
before that time, GoM should deal on affidavit with those issues raised by the consumer
representatives in their written submissions which have yet to be addressed,
along with the detailed information asked for".
Citing
the Commission's directions, GoM have approached the Commission under affidavit
dated 27th December, 2004
seeking directions regarding the compensation payable for the 3rd and 4th
Quarters of 2004-05. GoM's affidavit
states that Rs 403 crores had been released to MSEB and MPECS to compensate the
revenue loss due to free power supply to agricultural pumps for the 2nd
Quarter (July to September, 2004) vide Government Resolution (G.R.) dated 1st
October, 2004, following
which MSEB had
issued zero energy
bills to agricultural consumers.
Subsequently, GoM have submitted
a copy of G.R. dated 3rd January, 2005 under which a budgetary provision of Rs
1212 crores has been made by supplementary demand, of which Rs 407 crores have
been sanctioned for release to compensate MSEB and MPECS for the revenue loss
on this account for the 3rd Quarter (October to December 2004) (Rs
13 crores due to MPECS to be adjusted by MSEB against the former's current
bill).
3. Seeking to address some of the issues raised earlier by the
authorized consumer representatives regarding compensation for non-payment of
arrears by agricultural consumers, metering programme and the position of
receivables and payables as between GoM and MSEB, GoM's affidavit states that
MSEB are free to disconnect power to agricultural pumps due to non payment of
arrears and that, therefore, the question of compensating MSEB for such
non-payment does not arise. MSEB are
implementing the metering programme of agricultural pumps under the APDRP
scheme and with the help of REC loan. GoM
have also furnished tabular statements of the receivables and payables for the
years 2002-03 to 2004-05. The
statements indicate that, according to GoM, the net amount payable by GoM to
MSEB amounts to Rs 528.90 crores (Rs 3031.87 crores payable minus Rs 2502.97
crores receivable). GoM have submitted
further that certain other payment issues between GoM and MSEB which had been
raised on the last occasion, e.g. Rs 221.92 crores towards MPECS, Rs 268.82
crores being the difference in Electricity Duty, and lease rent of hydro
projects of Rs 250 crores are still under examination. GoM have stated that, in any case, the
subsidy compensation would be given in cash rather than by way of book
adjustment of dues, and hence these issues are not relevant for the purpose of
their present Application.
4. MSEB's Reply dated 29th December, 2004, confirms that
GoM have compensated them by net cash releases to the extent required for the 2nd
Quarter of 2004-05. MSEB have urged
that GoM be directed to pay MSEB by net cash releases to the extent required
for the 3rd and 4th Quarters and to compensate MSEB
directly in accordance with the provisions of Section 65 of the Electricity Act
(EA), 2003. MSEB have mentioned that
they have separately submitted their views on free electricity to agricultural
consumers to GoM through Board Resolutions dated 29th July, 2004.
5. At the hearing on 4th January, 2005, Shri B.P.
Pandey, Principal Secretary (Energy), GoM submitted that a G.R. has been issued
on 3rd January, 2005 for payment of Rs 407 crores in cash to
compensate for the revenue loss due to free power for the 3rd
Quarter (Oct. to Dec 2004). A provision
of Rs 1212 crore has been made by supplementary demand, which would enable GoM
to finance the compensation required to be paid until the end of the current
financial year. He submitted that the
Commission had earlier directed that payment for the 2nd Quarter
should be made in advance before bills are issued, and that this had been
done. Hence, GoM were now approaching
the Commission for the subsequent 3rd Quarter. He reiterated GoM's response to the points
raised by the consumer representatives as contained in the affidavit dated 27th
December, 2004, and submitted that, with these comments and the action to
release funds taken so far, the Commission's earlier directions had been
complied with, and that the present Application be allowed.
6. Dr. Ashok Pendse of Mumbai Grahak Panchayat (MGP) circulated a
tabular statement using figures from the receivables and payables statement
furnished by GoM purporting to show that, in fact, in 2004-05, an amount of Rs
812 crores would be payable by GoM to MSEB which has not been accounted
for. Admittedly, this figure has been
arrived at on certain assumptions and inferences. Whether it is higher or lower needs to be worked out, but the
point is that there are large amounts which do not seem to have been fully
considered. They include, for example,
additional amounts for compensation against the regular tariff for agricultural
and power loom consumers, street light arrears, difference in Electricity Duty,
arrears of Govt. offices, etc. In
addition to these amounts, Dr. Pendse pointed out that MSEB have been drawing
attention to the loss of revenue on account of free power in separate
proceedings regarding load shedding.
These amounts have not been taken into account by GoM in their
provisioning. As the affected party
under Section 65, it was expected that MSEB would quantify the impact and seek
additional compensation to that extent.
7. Dr. Pendse drew attention to para 10 of the Commission's Order
dated 23rd August, 2004, which cites Chairman, MSEB's statement that
the payment of compensation becomes due at the end of the quarter and not at
the beginning, because recovery from agricultural consumers of MSEB starts only
then. He also referred to the
Commission's statement at para 21 to the effect that compensation has to be
paid prior to the raising of bills to satisfy the requirement of payment in
advance under Section 65. This was in
the context of his contention in the earlier proceedings and reiterated now,
viz. that the amount payable by GoM becomes due before the end of the relevant
Quarter and not merely before bills are raised, in the present case by 31st
December, 2004. Dr. Pendse
submitted that, on the same logic, if for whatever reason MSEB does not raise a
bill on a consumer for, say, a couple of months, it would be tenable for a
consumer to argue that until such time payment does not become due, which
cannot be the case. By issuing a G.R.
on 3rd January, 2005 for the 3rd Quarter, which is
already over, GoM's compensation does not qualify as advance payment as
envisaged under Section 65.
8. Drawing attention to the Commission's directions at para 24 of
the Order dated 23rd August, 2004 (cited above) that GoM should deal
with the issues raised by the consumer representatives while approaching it
under Section 65 for the subsequent Quarters, Dr. Pendse submitted that many of
these points have not been fully addressed.
Some information and responses had been given with their latest
affidavit, but copies were not provided to MGP on time by GoM and had to be
obtained from the Commission. In these
circumstances, it was difficult to comment and analyze GoM's statements more
fully.
9. Shri Shantanu Dixit of Prayas also pointed out that MSEB and GoM
had not responded to many of the points raised by the consumer representatives
earlier. Referring to the previous
proceedings, he also pointed out that the first hearing on GoM's original
Application was held on 16th August, 2004, and GoM issued a G.R.
regarding payments and provisions the next day without awaiting the
Commission's decision. This was not an
isolated instance, and such actions immediately affected the general payment
culture upon announcement even before they are operationalised. Shri Dixit urged that such GRs should not be
issued without the Commission's prior approval.
10. Supporting MGP's contention regarding what constitutes advance
payment as per Section 65, Shri Dixit submitted that GoM should have approached
the Commission much earlier and obtained Orders before 31st
December, 2004, and also agreed with Dr. Pendse's analogy of consumers being
liable to pay even if bills are not raised in time.
11. Referring to GoM's version of receivables and payables, Shri
Dixit pointed out that on the last occasion different figures were presented at
different times, and the position had not been reconciled. This time, only GoM's version has been
presented. He argued that if certain
additional amounts were payable by GoM to MSEB (which were even higher than
admitted as inferred by Dr. Pendse), then it is not tenable for GoM to treat
them in isolation and provide funds only for the 100% subsidy requirement for
the 3rd Quarter. Shri Dixit
also drew attention to press reports to the effect that, while releasing the
funds as compensation for the 2nd Quarter to MSEB, GoM had obtained
premature repayment of loans from MSEB, thus vitiating the whole purpose of the
compensation. (Subsequently, under
letter dated 5.1.2005, Prayas have reiterated the points raised by them at the
hearing.)
12. Shri S.V. Kulkarni, Managing Director, MPECS submitted that their
earlier stand remained unchanged. For
the 2nd Quarter, around Rs 8 crores had been sanctioned but had yet
to be adjusted against their dues by MSEB.
He had, however, yet to see the latest G.R. dated 3rd January,
2005.
13. Shri B.P. Pandey, Principal Secretary (Energy) reiterated the
contents of G.R. dated 3rd January, 2005 in which a budgetary
provision of Rs 1212 crores had been made for the period from July 2004
onwards, of which Rs 407 crores had been sanctioned for release in cash as
compensation for providing free power to agricultural consumers for the 3rd
Quarter of 2004-05. Thus, issues
relating to net payables and receivables, manner and extent of book adjustment
of net dues, etc. were not relevant since GoM were compensating MSEB entirely
by cash releases. He submitted that, in
its earlier Orders, the Commission had already ruled on what constitutes
advance payment, viz. that such payment must be made before bills are
raised. Thus, that matter cannot be
revisited except by way of appeal. As
far as receivables and payables were concerned, Shri Jayant Kawale, Chairman, MSEB
submitted that MSEB's version presented on the last occasion remains unchanged. With regard to the amounts over which there
was disagreement, GoM have set up a Committee with MSEB for reconciliation,
which would take some time. Principal
Secretary (Energy) submitted that, in any case, the matter of reconciliation
should not be linked with the present Application since compensation was being
paid in cash and not by way of adjustment of dues.
14. Chairman, MSEB confimed that MSEB had prematurely repaid loan of
around Rs 200 crores to GoM which bore a high rate of interest of 14.25%, and
thus retired some costly debt. In fact,
MSEB had been consistently asking GoM to restructure the debt.
15. To Commission's query regarding the computation of actual subsidy
requirement if agricultural consumption had increased as a result of free
power, Principal Secretary (Energy) stated that GoM's provision has been made
entirely on the basis of the estimates conveyed to them by MSEB. Chairman, MSEB submitted that it is
debatable whether the recent increase in agricultural consumption has resulted
from free power or for other reasons such as good rainfall, etc. and no firm
conclusions could be drawn. He pointed
out, however, that this did not affect billing which would remain unchanged
considering that a large proportion is on a fixed HP basis.
16. The Commission notes that it has already set out the template for
the payment of subsidy compensation by GoM in respect of subsidy for 'free
power' extensively in its Orders dated 23rd August, 2004 and 23rd
September, 2004 relating to the 2nd
Quarter of 2004-05 considering the provisions of Section 65 of EA, 2003
and the Commission's Tariff Regulations.
Except to the extent that GoM have now, at the outset, stated that they
would be making compensation in cash and not by way of book adjustment of dues,
the earlier rulings of the Commission apply to the present Application. The Commission also notes that G.R. dated 3rd
January, 2005 provides for release of Rs 407 crores, which is the estimated
requirement to compensate MSEB and MPECS for the direct revenue loss on this
account in respect of the 3rd Quarter (October to December
2004). Thus, the Commission hereby
approves GoM's Application for cash payment as subsidy compensation for the 3rd
Quarter. The amount of Rs 407 crores
being based on estimates provided to GoM, MSEB and MPECS must act in accordance
with Regulation 8.4 of the MERC (Terms and Conditions of Tariff) Regulations,
2004, which makes clear how any shortfall in compensation against the actual
requirement is to be treated, viz. that subsidy against tariff will not be
permitted to that extent.
17. The Commission notes that some of the issues raised by consumer
representatives earlier are yet to be addressed fully by GoM. Some of these relate to the position of
receivables and payables on either side and their reconciliation, and would
have been immediately relevant had GoM pursued their original plea to be
allowed to make compensation by way of adjustment of dues, which is not the
case. Some other issues relate to
compliances and other actions that were expected of MSEB, and the consumer
representatives have now also raised the issue of premature repayment of high
interest loans to GoM, arguing that this had partly offset the payment made in
cash against subsidy for the 2nd Quarter and could impact on MSEB's
ability to service consumers efficiently.
The Commission has already held in its previous Orders that the scope of
Section 65 is limited. It is, however,
expected that GoM would also be concerned about any action which might adversely
affect MSEB's capabilities. Many other
issues raised by consumer representatives earlier fall within the Commission's
advisory jurisdiction under Section 86(2), and the Commission intends to
address them accordingly either through separate proceedings or during the next
tariff determination process.
Similarly, some other matters, including the impact of premature
retirement of loans, would also be examined in the ARR and tariff proceedings.
18. On the earlier occasion, the consumer representatives had raised
the issue of what constitutes advance payment under Section 65, and they have
reiterated their arguments during these proceedings. At para 21 of its Order dated 23rd August, 2004, the
Commission had ruled that
"since
the subsidy against tariff becomes operational only when the bills are actually
raised and becomes due for payment by agricultural consumers …… the
compensation has to be paid prior to the raising of such bills to satisfy the
requirement of payment in advance under Section 65."
Citing
the analogy of the liability of consumers to pay in time even bills which are
raised after inordinate delay, MGP and Prayas are essentially saying that this
would allow MSEB, for instance, to defer raising of bills until such time as
GoM are ready to provide compensation.
The Commission is of the view that a balance has to be struck keeping in
view the requirement that the object and intention behind Section 65 be
met. This would be satisfied if the
bills are raised within a reasonable period of time keeping in view the
Licensees' commercial interest, which would dictate raising of bills sooner
rather than later and cannot be open-ended.
The Commission understands that bills for agricultural consumers are normally
sent by MSEB around one or two weeks after the close of the relevant Quarter.
Thus, it cannot be said that the GoM's sanction for release of the amount for
the 3rd Quarter contained in G.R. dated 3rd January, 2005
militates against the letter or spirit of Section 65.
The
Commission disposes of GoM's Application dated 27th December, 2004
with the above directions and observations.
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(A.M.
Khan)
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Secretary,
MERC
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