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Reliance Infra units to recover Rs 21,413 cr of regulatory assets in 4 yrs
The Delhi Electricity Regulatory Commission (DERC) has recognised the assets, while the Supreme Court on August 6 gave its judgment on writ petitions and civil appeals BSES Yamuna Power and BSES Rajdhani Power had filed in 2014. A regulatory asset is an item on a company's balance sheet that represents a future right to recover costs from customers, as approved by a regulatory body.
DERC may propose a tariff revision and a four-year liquidation plan for the company to recover regulatory assets. Consumers will bear the cost under the revised rates. 'However, the court has directed that there should be no tariff shock, so DERC has to see how to go about it,' a company source said.
Additionally, R-Infra subsidiaries owe about Rs 21,000 crore to Delhi's power companies. 'If the Delhi government agrees to adjust that amount, the remainder can be recovered through tariff revision by DERC but this depends on several conditions,' said the source.
The company's petitions challenged a non-cost reflective tariff, unlawful creation of regulatory assets and non-liquidation of regulatory assets, R-Infra had said.
After hearings involving state governments and state Electricity Regulatory Commissions (ERCs), the Supreme Court issued guidelines for handling regulatory assets and directed their recovery.
It disposed of writ petitions and civil appeals filed by BSES discoms, and set 10 'sutras' (guidelines) to examine the issue relating to regulatory assets, their position in the regulatory regime for the determination of tariff, the duties and accountability of the regulators (the ERCs), and the powers of the Appellate Tribunal for Electricity (APTEL).
The company's revenue from operations in Q1 FY26 stood at Rs 5,907.82 crore, down 17.86 per cent from the previous year. Expenses in the quarter stood at Rs 6,469.81 crore, down by 4.84 per cent.
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