In the report, Chairman S K Chaturvedi directed the department “to conclude the audit of the accounts and file the true up for FY 2011-12, FY 2012-13 and FY 2013-14 before June 30, 2015. Non-compliance of the directive would attract proceedings under Section 142 of the Electricity Act 2003.”
Calling the audits as being “the true and fair reflection of any business” and essential to the department, the Commission has asked the Electricity department to submit the true up petition and audited accounts by the stipulated date.
The report also responds to objections raised by members of the public who were gathered at the public meeting held last month. One such objection was raised by GOACAN coordinator Roland Martins, on the reason behind the hike as a means of making up for the department’s Rs 929 crore revenue gap.
“Just because (ED Goa) has a revenue gap of Rs 929 crore, it cannot be allowed to transfer this burden on to the consumers. We cannot be silent spectators to the fact that (ED Goa) gives consumers in Goa, this Rs 929 crore “tariff shock” in phases by increasing the tariff over the next 2 years,” said Martins in his list of issues to the Commission.