JUDGMENT :

S. Abdul Nazeer, J.

1. These two appeals have been filed by BSES Rajdhani Power Ltd. (C.A. No.4324 of 2015) and BSES Yamuna Power Ltd. (C.A. No.4323 of 2015) (hereinafter referred to as ‘Appellants’) challenging certain findings of the Appellate Tribunal for Electricity, New Delhi (‘APTEL’) in the common judgment and order dated 28.11.2014 (‘Impugned Order’) passed in Appeal Nos.61 and 62 of 2012 (‘Tariff Appeals’). The Tariff Appeals were filed by the appellants before the APTEL challenging certain findings of the Delhi Electricity Regulatory Commission (‘DERC’) in the Tariff Order dated 26.08.2012 for Truing Up of financials for FY 2008-09 and FY 2009-10 and Aggregate Revenue Requirement (‘ARR’) for FY 2011-12. DERC has also filed appeals (C.A. Nos.8660-61 of 2015) challenging certain findings in the common impugned order and the said appeals will be heard and decided separately.

2. The Appellants are Distribution Licensees (“Discoms”) in terms of Section 2(17) of the Electricity Act, 2003 (‘2003 Act’). The primary function of a Discom is to give supply to any premise