Regulator stays tariff hike by Reliance Infra

Regulator stays tariff hike by Reliance Infra
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First Published: Wed, Jul 15 2009. 10 58 PM IST
Updated: Wed, Jul 15 2009. 10 58 PM IST
Mumbai: The Maharashtra Electricity Regulatory Commission, or MERC, on Wednesday stayed Reliance Infrastructure Ltd’s tariff increase for six consumer categories including residential and commercial users till it issues further orders.
MERC was directed by the state government to investigate whether Reliance Infra has discharged its duties in the most economical manner. MERC will undertake a detailed investigation on metering, power purchase expenses and transactions undertaken by Reliance Infra. It will also investigavte the firm’s capital expenditure schemes as well as the tariff increase approved by the commission.
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First Published: Wed, Jul 15 2009. 10 58 PM IST