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2025 Supreme(Online)(CERC) 102

CENTRAL ELECTRICITY REGULATORY COMMISSION
Shri Ramesh Babu V., Member, Shri Harish Dudani, Member
Power Grid Corporation of India Limited – Appellant
Versus
Tamil Nadu Generation and Distribution Corporation Limited – Respondent


Advocates:
For the Appellants/Petitioners: Shri Sachin Dubey, Shri Mohit Jain, Shri Mohd. Mohsin, Shri V.C. Shekhar, Shri Naresh Kumar Angaru, Shri G. Vijay, Shri Vivek Kumar Singh, Shri Nitish Kumar, Ms. Ashita Chauhan, Shri Ashish Alankar, Shri Arjun Malhotra

Table of Content
1. factual background of the case. (Para 1 , 2 , 5)
2. petitioner's arguments for truing up tariffs. (Para 3 , 4 , 9 , 10 , 13 , 15 , 20)
3. court's observations on submissions and calculations. (Para 6 , 8 , 12 , 19 , 30)
4. statutory provisions governing depreciation and financial regulations. (Para 33 , 34 , 36 , 48 , 55 , 71)
5. conclusion and orders as per the findings. (Para 79 , 80 , 101)

ORDER

The instant Petition has been filed by Power Grid Corporation of India Limited, a deemed transmission licensee, for truing up of transmission tariff for the 2019-24 tariff period under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2019 (hereinafter referred to as “the 2019 Tariff Regulations”) and determination of transmission tariff under the Central Electricity Regulatory Commission (Terms and Conditions of Tariff) Regulations, 2024 (hereinafter referred to as “the 2024 Tariff Regulations”) of the 2024-29 tariff period in respect of the following transmission assets (hereinafter referred to as “the transmission assets/Combined Asset”) under “Substation works associated with additional inter-regional AC link for import of power

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