Power Grid Corporation of India Limited vs Uttar Pradesh Power Corporation Limited

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(Online)(CERC) 209

CENTRAL ELECTRICITY REGULATORY COMMISSION
Ramesh Babu V., Member, Harish Dudani, Member
Power Grid Corporation of India Limited – Appellant
Versus
Uttar Pradesh Power Corporation Limited – Respondent

Advocates:
For the Appellants/Petitioners: Angaru Naresh Kumar, Vivek Kumar Singh, Vishal Sagar, Ranjeet Pandey, Piyush Avasthi, Suchitra, Yatin Kalra

Table of Content
1. petition for truing-up and tariff determination (Para 1 , 2 , 3 , 4)
2. procedural history and hearing (Para 5 , 6 , 7 , 8)
3. trued-up capital cost approval (Para 9 , 10 , 11 , 12 , 13 , 14)
4. ace for equipment replacement allowed (Para 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24)
5. de-capitalisation approved (Para 25 , 26 , 27)
6. net ace and final capital cost (Para 28 , 29 , 30)
7. debt-equity ratio and depreciation norms (Para 31 , 32 , 34)
8. interest on loan computation (Para 35 , 36 , 37)
9. mat-based roe grossing-up (Para 38 , 39 , 40 , 41 , 42)
10. o&m expenses normative approval (Para 43 , 44 , 45 , 46)
11. trued-up afc for 2019-24 (Para 47 , 48 , 49 , 50 , 51)
12. opening capital cost for 2024-29 (Para 52 , 53 , 54 , 55 , 56)
13. spill-over ace allowed (Para 57 , 58 , 59 , 60 , 61 , 62 , 63 , 64 , 65 , 66 , 67)
14. equipment replacement under reg 25(2) (Para 68 , 69 , 70 , 71 , 72 , 73 , 74)

ORDER

The instant Petition has been filed by Power Grid Corporation of India Limited (PGCIL) (hereinafter referred to as “the Petitioner”), a deemed transmission licensee for the truing up of the transmission tariff for the 2019-24 tariff period under the Central Electrici