JUDGMENT

(PER HON’BLE MRS. JUSTICE MANJULA CHELLUR, CHAIRPERSON)

This appeal is directed against the Order dated 12.09.2018 passed in Case No. 204 of 2017 by the Respondent-Maharashtra Electricity Regulatory Commission (hereinafter referred to as “Respondent- Commission”). Tata Power Company Limited (hereinafter referred to as “Appellant/TPC”) admittedly is an integrated utility carrying out the functions of generation, transmission, wheeling and retail supply of electricity in and around Mumbai. The Appellant, Tata Power Company Limited (Transmission) has been granted transmission license in term of Order dated 14.08.2014 in Case No. 112 of 2014, therefore, the Appellant is a transmission licensee as per the Maharashtra Electricity Regulatory Commission (Transmission License Conditions) Regulations, 2004 (hereinafter referred to as “License Regulations”).

2. Apparently, the Appellant filed Mid-Term Review (hereinafter referred to as “MTR”) for truing up of ARR for FY 2015-16 under the MYT Regulation, 2011, truing up of ARR for FY 2016-17 and Provisional truing up of ARR for 2017-18. It also had sought for approval of Revised ARR for FY 2018-19 and FY 2019-20 in terms of MYT Regulatio