Petition for True up of tariff and determination of ARR for FY 2024-25 – EQ

Summary:

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## **1. Overview**
This document is a **Record of Proceedings (ROP)** from a hearing before a **regulatory commission** (likely the **Electricity Regulatory Commission**). The hearing pertains to **Petition No. 20 of 2024**, involving **DTL (presumably Delhi Transco Limited or a similar utility)**. The proceedings were held on **20 January 2026**, and the order was issued on the same day.

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## **2. Key Participants**
– **Mr. Deepak Soni, DGM (C&RA)** – Representative of DTL
– **Members of the Commission**:
– Shri Surender Babbar (Member)
– Shri Ram Naresh Singh (Member)

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## **3. Submissions by DTL (Mr. Deepak Soni)**
1. **Filing of Accounts for FY 2022-23**:
– DTL committed to filing its **financial accounts for FY 2022-23** before the Commission **within 7 days**.
– However, due to **administrative reasons**, these accounts will be submitted **provisionally** – **without an audited report**.
– The provisional accounts will be **signed and authenticated by the General Manager (Finance)** of DTL, under the authority of the **Managing Director**.

2. **Ratification/Authorization by Board**:
– Mr. Soni assured that the **ratification/authorization by the Board of Directors** of DTL for the Managing Director’s action will be placed on record **in due course**.

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## **4. Commission’s Directions & Observations**
1. **Consideration of True-up Petition**:
– The Commission agreed to consider the **True-up Petition** based on the **provisional accounts authenticated by the General Manager (Finance)**.
– However, the **True-up Order will remain provisional** since **audited accounts are not yet available**.

2. **Finalization Post Audited Accounts**:
– Once DTL submits the **final audited accounts**, the True-up will be **taken up again for finalization**.

3. **Provision of Additional Details**:
– DTL officers must provide **additional details and clarifications** if required by the Commission during the examination of the petition.

4. **Order Reserved**:
– The Commission **reserved its order** for a later date.

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## **5. Implications & Key Takeaways**
– **Provisional Approval**: The Commission is allowing a **temporary, conditional approval** of the True-up Petition due to delays in audit.
– **Timeline**: DTL must file provisional accounts within **7 days** from 20.01.2026.
– **Future Compliance**: DTL must later submit **audited accounts** and **Board ratification** for finalization of the True-up.
– **Regulatory Flexibility**: The Commission is demonstrating a pragmatic approach, balancing regulatory compliance with practical administrative constraints.

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