commercial operation of the project and admitted by the Commission after prudence check, subject to the provisions of regulation 13; (3) "Appendix" means the appendix ... units of the scheme as apportioned to power generation; [(28-a) "prudence check" shall mean scrutiny of the reasonableness of expenditure incurred or proposed
shall be accepted on the basis of audited accounts, subject to prudence check. (ii) Wherever Power Purchase Agreement or Agreement for transmission / wheeling provides ... project spanning a number of financial years, shall be, subject to prudence check by the Commission, considered in terms of the instant regulations : Provided that
approved the capital cost based on the audited
accounts, subject to prudence check. Against the
claim of Rs. 1249.92 crores, the Respondent1/State
Commission ... against adopting IDC according to
the audited accounts, subject to prudence check. The
Tariff Regulations do not stipulate pattern of
drawdown of loans during
Tariff Regulations,
2005 is reproduced below:
"Subject to prudence check by the Commission, the
actual expenditure incurred on completion of the
project shall form ... actual
expenditure incurred on completion of the project,
subject to prudence check by the State Commission.
There is no dispute on the capital cost incurred
such, the Commission was unable to
carry out the complete prudence check . This finding is
wrong. The State Commission has totally ignored the
documents filed ... this regard.
The Commission is fully entitled to carry out prudence
check and disallow as much of the expenditure claimed as
may be found
generating company with proper supporting document and also subject to prudence check. However, during FPPCA calculation, in case where applicant cannot provide actual data ... Commission will adopt the price of such coal subject to prudence check by the Commission and subject to satisfaction of the Commission regarding ensuring
fixed
assets. Thus this direction was for ensuring prudence
check on the return to be allowed to the appellant in
the future tariff ... directions given in (ii) above related to
application of prudence check for determination of
tariff. On the other hand, direction
Regulation 30 .1 of the MERC Tariff
Regulations, subject to prudence check by the
Commission, actual capital expenditure incurred on
Page 36 of 61
Appeal ... proposed
capitalization.
10.5. The State Commission has to carry out
prudence check of expenditure before approving the
capitalization. The State Commission vide its order
dated
operation of the generating station and admitted by
the Commission after prudence check subject to the
provisions of Regulation 18".
Page ... date may be admitted by the
Commission subject to prudence check. The item
listed in clause 18 (ii) (v) is "deferred works relating
subsequent years also have to
be allowed subject to prudence check till the norms of
controllable and uncontrollable expenses had been
decided.
4.3. Disallowance ... Scheme
below Rs. 10 crores after subjecting it to prudence
check. Thus, an amount of Rs. 406.35 crores spent
on overall improvement of transmission system
