JUDGMENT

PER HON’BLE MR. I.J. KAPOOR, TECHNICAL MEMBER

1. The present Appeal is being filed under Section 111 of the Electricity Act, 2003 by M/s. Damodar Valley Corporation (hereinafter referred to as the “Appellant”), against the Impugned Order dated 04.09.2014 in Petition dated 25.04.2013 of the Appellant passed by Jharkhand State Electricity Regulatory Commission (hereinafter referred to as the “State Commission”), whereby the State Commission has determined the Annual Revenue Requirement (ARR) and retail supply tariff of the Appellant for the multi-year tariff period from FY 2013-14 to FY 2015-2016 for the area of license (command area) of the Appellant falling in the State of Jharkhand.

2. The Appellant herein is a statutory body constituted under the provisions of the Damodar Valley Corporation Act, 1948 (hereinafter referred to as the “DVC Act”) a Central Act and a special Legislation dealing with Damodar Valley, a carved area in the provinces of West Bengal and Jharkhand.

The Appellant has been engaged in the generation, transmission bulk/wholesale and also retail sale of electricity to consumers in the Damodar Valley. Since the Appellant is being controlled by the Central Co