Queries raised by Director (Tariff) on ARR and Tariff Application of OHPC for FY 2011-12 on 02.02.2011.

Slides:

Advertisements

Similar presentations

1 A Presentation on ARR & Tariff Proposal of OPTCL for FY Analysis/Objections/Suggestions February 6, 2008 By Dr. Shibalal Meher (Consumer Counsel)

Advertisements

Queries raised by Director (Tariff) on ARR and Tariff Application of NESCO for FY on

Stockholders’ Equity Chapter 10.

Sections 5.3, 5.4 When a loan is being repaid with the amortization method, each payment is partially a repayment of principal and partially a payment.

Analysis of ARR & Tariff Proposal of SLDC Consumer Counsel.

The Statement of Cash Flows

Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Statement of Cash Flows Chapter 13.

© 1999 by Robert F. Halsey Agenda Review Accrual Basis Income Statements Importance of Cash Flow Preparation of Statement of Cash Flows Interpretation.

Chapter 6 Common Stock Valuation: The Inputs. 6-2 Valuation Inputs Now that we have an understanding of the models used, we are going to focus on developing.

Accounting and Finance

Aswath Damodaran1 Session 7: Estimating Cash flows.

1. 2 Duration Duration is the weighted average of the times that the principal and interest payments are made. where t is the time of payment C t is the.

© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Financial Statements, Taxes and Cash Flow Chapter Two.

Sections 6.3, 6.4 When a loan is being repaid with the amortization method, each payment is partially a repayment of principal and partially a payment.

Other topics: Adjusted Present Value & Preferred Stock MF 807: Corporate Finance Professor Thomas Chemmanur.

SESSION 7: ESTIMATING CASH FLOWS Aswath Damodaran 1.

1 THE INDIA ELECTRICITY MARKET TIME LINE REAL TIME 15 MT BLOCKS LONG TERM LOAD FORECAST FUND MOBILISATION 10-5 YEARS POWER PURCHASE AGREEMENTS CAPACITY.

Cash Flow - Dr. varadraj Bapat, IIT Mumbai1 Module 6 Cash Flow.

1 ARR and Transmission Tariff Proposal of OPTCL for FY Together, let us light up our lives. ORISSA ELECTRICITY REGULATORY COMMISSION.

1 APresentationon ARR & Tariff Proposal of OHPC for FY BroadSuggestions/Objections Broad Suggestions/Objections February 7, 2007 Together, let.

CAPITAL BUDGETING INITIAL INVESTMENT PLANNING HORIZON TERMINAL VALUE REQUIRED RATE OF RETURN NET CASH FLOWS.

BASIC TERMINOLIGIES USED IN FINANCIAL ACCOUNTING BY: WAQAR AHMAD LECTURER MANAGEMENT SCIENCE DEPARTMENT RANA UNIVERSITY KABUL, AFGHANISTAN.

IAS 7: Cash Flow Statements. Agenda 1.Objective and Scope 2.Definitions 3.Direct and Indirect method 4.Operating activities, Investing activities, Financing.

Chapter 2 - Understanding Financial Statements, Taxes, and Cash Flows 09/02/08.

1 Chapter 9 Stockholders’ Equity. 2 Learning Objective 1 Explain the advantages and disadvantages of a corporation.

1 Chapter 3 Financial Statements, Cash Flow, and Taxes.

Apply procedures for preparing corporate financial statements.

Financial Accounting 1 Lecture – 41 Profit and Loss Account Shows profit earned or loss sustained from the operations of the business during the period.

Financial Ratios Clicker Quiz. What is this ratio? Market Price Per Share Earnings Per Share A. Inventory Turnover B. Accounts Receivable Turnover C.

$$ Entrepreneurial Finance, 5th Edition Adelman and Marks PRENTICE HALL ©2010 by Pearson Education, Inc. Upper Saddle River, NJ Chapter 9 Time.

Section 7.5 –4 – ii of Indian Electricity Grid code (IEGC): “The summation of station-wise ex-power plant drawal schedules for all ISGS after deducting.

Statement of Cash Flows Chapter 12 McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.

Lecture 7 and 8 Rules of Capital Budgeting Corporate Finance FINA 4332 Ronald F. Singer Fall, 2010.

The Balance Sheet.

Queries raised by Director (Tariff) on ARR and BSP Application of GRIDCO for FY on

Ratios and Accounting A 1 to 1 training course (get it!)

1 Analysis of OPTCL’s ARR and Transmission tariff for FY By: World Institute of Sustainable Energy, Pune (Consumer Counsel) 4 th February, 2011.

Analysis of ARR & Tariff Proposal of OHPC World Institute of Sustainable Energy Consumer Counsel.

Statement of Changes in Financial Position. ACCOUNTING STANDARD- 3 CASH FLOW STATEMENT.

Chapter 02 Financial Statements. 2 Value = FCF 1 FCF 2 FCF ∞ (1 + WACC) 1 (1 + WACC) ∞ (1 + WACC) 2 Free cash flow (FCF) Market interest rates Firm’s.

©2006 Prentice Hall Business Publishing Financial Accounting, 6/e Harrison/Horngren 1 Chapter 9 Stockholders’ Equity.

Queries raised by Director (Tariff) on ARR and Tariff Application of OPTCL for FY on

1 A Presentation on ARR & Tariff Proposal of SLDC for FY Analysis/Objections/Suggestions February 8, 2008 By Dr. Shibalal Meher (Consumer Counsel)

Statement of Cash Flows Chapter 13 McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, Inc.

Queries raised by Director (Tariff) on ARR and Tariff Application of OPTCL for FY on

Comments on Guidelines on Transmission Tariffs General ETSO welcomes the new draft as positive step –There are many important improvements to the previous.

Financial Statements for a Corporation Chapter 19.

VALUATION OF SHARES AND DEBENTURE. NEED OR PURPOSE  When two or more companies amalgamate or one company absorb another company.  When a company has.

Statement of Changes in Financial Position : Cash Flow Statement

Multi Disciplinary Questions ACCOUNTANCY CLASS 12.

ARR & Price Proposal of GRIDCO For FY and Views of Stakeholders February 15, 2007 Together, let us light up our lives. ORISSA ELECTRICITY REGULATORY.

Chapter 2 Financial Statements, Taxes, and Cash Flow.

Chapter 3 - The Balance Sheet  The balance sheet provides a snapshot of the firm’s financial position on a specific date. It is defined by: Total Assets.

BUSINESS MATHEMATICS & STATISTICS. LECTURE 6 Review Lecture 5 Discount Simple and compound interest Average due date, interest on drawings and calendar.

BUSINESS AND PROFESSION. Business S.2 (13) defines the term business as “business includes any trade, commerce, or manufacture or any adventure or concern.

AS-3. Meaning of Cash flow Statement Cash is the nerve centre around which business activities flow. The profit figure shown in the profit & loss statement.

Financial Accounting II Lecture 28. Lessee should recognise finance lease as asset and liabilities in their balance sheets at amounts equal at the inception.

Queries raised by Director (Tariff) on ARR and BSP Application of GRIDCO for FY on

4.04 Statement of Cash Flows

Chapter 11 Stockholders’ equity

Statement of Cash flow Purpose of the statement of cash flows

UNIT – III CASH FLOW STATEMENT

Queries raised by Director (Tariff) on ARR and Tariff Application of CESU for FY on

FINANCIAL STATEMENT ANALYSIS

STATEMENT OF CASH FLOWS

GRID STATUS – PRE - ABT Very wide Frequency fluctuations

Queries raised by Director (Tariff) on ARR and Tariff Application of OHPC for FY on

Statement of Cash Flows

Accounting for Assets Cash Flows.

Presentation transcript:

Queries raised by Director (Tariff) on ARR and Tariff Application of OHPC for FY on

2 OHPC has claimed an interest amount for Upper Indravati Project of Rs on the Govt. of Orissa loan of Rs cr., for the year The outstanding loan as on was Rs cr. The Commission had allowed depreciation of the order of Rs cr. in tariff order for OHPC. Therefore, the balance loan outstanding as on is Rs cr. minus Rs cr. which equals to Rs cr. The present claim of OHPC in respect of interest on this principal amount is Rs cr.

3 The Govt. of Orissa notification dtd had mentioned that the State Govt. investment actually made in Upper Indravati Project, excluding equity, should yield a return to the State Govt. with effect from FY after loan liabilities of PFC are cleared. OHPC has claimed the interest amount based on the above notification.

4 However, if we allow this Rs cr. towards interest payment, the average tariff of Upper Indravati comes to p/u as projected by OHPC. If we do not allow this interest amount the average tariff of Upper Indravati comes down to p/u approximately i.e. a reduction of the order of p/u. Since the net energy sold by Upper Indravati accounts to 35% of total hydro energy sold by OHPC, this interest component of Upper Indravati shall have a significant impact on average tariff of OHPC. This is worked out at 6.8 p/u.

OHPC should, therefore, pursue this matter of interest payment with the State Govt. to convert this as interest free loan in order to avoid a tariff shock to the consumers. In any case the Commission has already allowed depreciation of the order of Rs cr. to Upper Indravati during For the FY , OHPC has already claimed the same amount under the head depreciation which the Commission may allow towards principal repayment for this State Govt. loan. 5

OHPC has claimed license fee for consumption of water for generation of electricity to the tune of Rs cr. for to be paid to the Govt. as per the Gazette Notification dtd The impact of this claim is 1 p/u for the entire energy sold by OHPC. Since OHPC is a Govt. owned corporation and the water is used for non-consumptive purpose, the State Govt. may waive this license fee for OHPC. 6