Amendment status not verified — confirm the current text below against the official source.
Act not to apply in certain cases.- (1) Nothing in this Act shall apply to any Distribution Licensee that is not owned or controlled by the State Government or to a successor entity of the State Distribution Licensee that is not owned or controlled by the State Government. (2) Notwithstanding sub-section (1), all directives issued by the State Government under this Act shall continue to apply for the period for which such directions were issued by the State Government. ________ SCHEDULE (Sections 2(1)(l) and 3) Illustrative Key Performance Indicators (KPIs) The State Electricity Distribution Management Statement as provided in section 3 of this Act shall include but not limited to, the Key Performance Indicators in the following areas:- I. Planning: (a) power Procurement with accurate Demand Estimation to mitigate Energy and Peak Shortages on long-term, medium- term and short-term basis-undertake forecasting of demand and estimation of Aggregate Technical and Commercial losses within one year, procurement of power as per forecast from second year onwards and 100% electricity supply to consumers in next three to five years; (b) payment of dues of electricity by Government Departments and Institutions.- the current dues have to be paid within due date of raising of bills; (c) distribution loss reduction trajectory.- Aggregate Technical and Commercial losses to be reduced @3% per year for losses above 30% and @ 1.5% per year for losses below 30%; (d) provisioning of subsidy.- it should be provided upfront by the Government by way of budgetary provision; THE HIMACHAL PRADESH ELECTRICITY DISTRIBUTION MANAGEMENT 13 RESPONSIBILITY ACT, 2014 (e) energy accounting and energy auditing of all 33 kV feeders, 11 kV feeders anddistribution transformers.- to be achieved within one and two years; (f) 100% Metering and Consumer Indexing.- to be achieved within three years; (g) setting up Special Courts for settling theft cases.- to be set up within one year, if not already set up. II. Financial Restructuring: (a) improvement in collection efficiency.- to be increased @ 1.5% per year if it is between 95 to 99%, @ 3% per year if it is between 90 to 95% and @ 5% per year if it is between 80 to 90%; (b) recovery of past receivables.- past receivables to be reduced @ 20% per year till the normative level allowed by the Commission in the working capital computation; (c) liquidation of payables and other liabilities.- 20% reduction every year till normative levels are achieved; (d) Capital Expenditure alongwith its funding plan.- to get timely approved every year as per the norms specified by the Commission; (e) quantum and rate of short term power purchase.- not more than 10 to 15% every year; (f) discharge of Contingent liabilities.- 20% every year; and (g) discharge of terminal benefit liabilities of the employees.- within one year for the past employees and for currently retiring - on the date of retirement; III Accounting Measures : (a) timely preparation and audit of Annual Accounts (Annual Accounts to be prepared within due date of 30thSeptember and realigned with the current accounting standards); and (b) provision for bad and doubtful debts/write offs; IV Corporate Governance: (a) number of Functional Directors.- as per Guidelines for Corporate Governance for Central Public Sector Undertakings; and (b) number of Independent Directors.- as per Guidelines for Corporate Governance for Central Public Sector Undertakings; 14 THE HIMACHAL PRADESH ELECTRICITY DISTRIBUTION MANAGEMENT RESPONSIBILITY ACT, 2014 V Regulatory Measures,- (a) gap between Average Revenue Realization and Average Cost of Supply.- to be eliminated in a period of three to five years; and (b) liquidation of Regulatory Assets.- to be liquidated in a period of three to five years. _____________