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(ii) The Appellant was aware that such comparison was being made by HPPC in its submission before HERC, and had argued against such comparison in its submission before HERC, and
(iii) Though, the present case involves project-specific tariff determination, the same does not absolve the Commission of its statutory obligation to conduct a prudence check

76. We note that the operative part of the Impugned order is as under:

"Thus, in absence of the guiding regulation with regard to AC:DC ratio, and in order to make prudence check on the required AC:DC ratio for achieving the specific CUF, in line with the observations of Hon'ble APTEL, the Commission has considered it appropriate to examine the CUF as well as AC:DC proposed by the petitioners in all the three remand back matters under consideration before it viz. the present case (remand back order dated 25.10.2024), L.R's case (remand back order dated 21.02.2025) and Greenyana's case (remand back order dated 23.04.2025). The comparative table of AC:DC ratio and CUF claimed in all these three cases is given as under:-