Amendment status not verified — confirm the current text below against the official source.
Repeal and Savings. SCHEDULE. 1999: KAR. ACT 25] Electricity Reform 397 STATEMENT OF OBJECTS AND REASONS Act 25 of 1999.- It is considered necessary to enact a legislation to provide for: (i) establishment of the Karnataka Electricity Regulatory Commission for the State Karnataka with powers to regulate purchase, distribution, supply and utilisation of electricity, tariff and charges payable, to promote efficiency, economy and safety in the use of electricity and to issue licenses and to do certain other matters. (ii) constitution of Selection Committee to select members of the Karnataka Electricity Regulatory Commission. (iii) incorporation of the Karnataka Power Transmission Corporation with the principle object of engaging in business of purchase, transmission sale and supply of electricity. (iv) reorganisation of the Karnataka Electricity Board and transfer of Board functions and its properties and liabilities to the Karnataka Power Transmission Corporation; (v) regulation of generation companies and generating station by the Karnataka Electricity Regulatory Commission; (vi)Licensing transmission and supply of electricity by the Commission; (vii) Laying down the methodology and terms and conditions for determination of revenue of the licensee and designing tariffs; (viii) Securing compliance of the order of the Commission; (ix) Constitution of Advisory Committee to advise on major questions of policy relating to the electricity supply industries in the State and on any other matter put before it; (x) Penalties for contravention of the provisions of the act or the regulations made under the Act, or the Indian Electricity Act, 1910 or Electricity Supply Act, 1948 or the rules made under those Acts; and (xi) Certain other incidental and consequential matters. As the matter was urgent and the Karnataka Legislative Council was not in session, the Karnataka Electricity Reform Ordinance, 1999 (Karnataka Ordinance 3 of 1999) was promulgated to achieve the above object. This Bill seeks to replace the said Ordinance. (Obtained from L.C. Bill No. 9 of 1999). Electricity Reform [1999: KAR. ACT 25 398 II Amending Act 26 of 2001.- It is considered necessary to amend the Karnataka Electricity Reforms Act, 1999:- (i) to provide for determination of the amount payable by the State Government under section 12; (ii) to remove minor ambiguities so that the enactment will be consistent with the stated object of electricity reform. Certain other consequential changes are also made. Hence the Bill. (L.A. Bill No. 15 of 2001 File No. DPAL 6 SHASANA 2001) III Amending Act 4 of 2005.- The Mangalore Electricity Supply Company, one of the four ESCOMS in the State has undertaken power supply in the districts of Mandya, Mysore, Chamarajnagar, Kodagu, Hassan, Udupi, Dakshina Kannada, Shimoga and Chickmagalore. Since, it was felt difficult to give adequate service to the consumers scattered over a wide area, the State Government have vide Government Order No.EN 98 PSR 2004, dated 19.08.2004 established a new electricity distribution company called “The Chamundeshwari Electricity Supply Company” with headquarters at Mysore and with jurisdiction comprising the districts of Mysore, Chamrajnagar, Mandya and Hassan, In order to enable the new Company to function on equal footing with the other ESCOMS, it is essential to transfer all assets and liabilities in respect of the districts of Mysore, Chamarajnagar, Mandya and Hassan from MESCOM to Chamundeshwari Electricity Supply Company by suitably amending the Karnataka Electricity Reforms Act, 1999. In order to enable immediate functioning of the Chamundeshwari Electricity Supply Company, the Karnataka Electricity Reforms (Amendment) Ordinance, 2004 was promulgated on 24.12.2004 to amend section 14 of the Karnataka Electricity Reforms Act, 1999. This bill seeks to replace the said Ordinance. Hence the Bill. (LC Bill No.1 of 2005) 1999: KAR. ACT 25] Electricity Reform 399 KARNATAKA ACT NO. 25 OF 1999 (First Published in the Karnataka Extra-ordinary Gazette on Twenty First of August, 1999) THE KARNATAKA ELECTRICITY REFORM ACT, 1999 (Received the assent of the President on Twentieth day of August, 1999) (As amended by Karnataka Act 26 of 2001 and 4 of 2005) An Act to provide for the constitution of an Electricity Regulatory Commission (‘The Commission’) for the State of Karnataka; to provide for the restructuring of the electricity industry in the State, the corporatisation of the Karnataka Electricity Board and the rationalisation of the generation, transmission, distribution and supply of electricity in the State; to provide for avenues for participation of private sector entrepreneurs in the electricity industry in the State and generally for taking measures conducive to the development and management of the electricity industry in the State in an efficient, economic and competitive manner to provide reliable quality power and to protect the interest of the consumer including vesting in the Commission the powers to regulate the activities of the power sector in the State and for matters connected therewith or incidental thereto; Be it enacted by the State Legislature of Karnataka in the Fiftieth Year of the Republic of India, as follows:- PART I PRELIMINARY