PSERC: Petition of PSPCL for Clarification regarding applicability of 35% Bank Guarantee & other charges payable

Petitioner: Punjab State Power Corporation Limited

Background: The petition has been filed by PSPCL under Regulation 65, 66, 67 of Punjab State Electricity Regulatory Commission (Electricity Supply Code, Standards of Performance and Related Matters) Regulations, 2024 read with Regulation 69, 70, 71, 72 of Punjab State Electricity Regulatory Commission (Conduct of Business) Regulations, 2005 seeking clarifications with reference to the Supply Code, 2024 read with Model franchise Agreement regarding applicability of 35% BG and charges payable in case of conversion of Supply Voltage from 66 kV to 11 kV under Clause 9(A)(iii) of the Model Distribution Franchisee Agreement approved by the Commission vide order dated 11.