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Governance of Indian state power utilities : an ongoing journey

Author: Sheoli Pargal; World Bank.
Publisher: Washington, DC : The World Bank, [2014]
Series: Directions in development (Washington, D.C.)., Energy and mining.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This World Bank review, Governance of Indian State Power Utilities: An Ongoing Journey, is a first attempt to systematically examine the quality of corporate and regulatory governance in the Indian power sector. Considering that much of the poor performance of utilities reflected internal and external shortfalls in governance, India's Electricity Act of 2003 mandated unbundling and corporatizing the vertically  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Pargal, Sheoli.
Governance of Indian state power utilities.
Washington, DC : World Bank, [2014]
(DLC) 2014019547
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Sheoli Pargal; World Bank.
ISBN: 9781464803048 1464803048 146480303X 9781464803031
OCLC Number: 880960176
Description: 1 online resource.
Contents: Front Cover; Contents; Acknowledgments; About the Authors; Executive Summary; Abbreviations; Chapter 1 Introduction; Notes; References; Chapter 2 Institutional Context; Figures; Figure 2.1 Timeline-Establishment of SERCs; Figure 2.2 Timeline of Power Sector Unbundling (Orange) and Central Electricity Acts and Policies (Green); Notes; References; Chapter 3 Corporate Governance of State Power Utilities; Boxes; Box 3.1 Literature on Corporate Governance; Objectives of Unbundling and Corporatizing State Utilities; Figure 3.1 Power Sector Structures, 2010. Corporate Governance Requirements for State Utilities in India Findings-Corporate Governance in Practice; Box 3.2 Types of Directors; Box 3.3 Shunglu Committee Recommendations on Corporate and Regulatory Governance; Figure 3.2 Utilities with More than Two Government Directors; Figure 3.3 Government Involvement in Different Utility Decisions; Figure 3.4 Utilities with Board Share of Independent Directors Meeting DPE Guidelines; Figure 3.5 Utilities That Have a Dedicated Regulatory Cell; Figure 3.6 Utilities That File Their Accounts on Time and Make Accounts and Audit Reports Public. Figure 3.7 Average Chairperson/Managing Director Tenure Figure 3.8 Number of Directors on Utility Boards; Figure 3.9 Average Number of Board Meetings per Year; Figure 3.10 Utilities with Audit Committees; Figure 3.11 Utilities with an Independent Director Chairing the Audit Committee; Figure 3.12 Utilities with Executive Directors Constituting Less or More than Half of Board Members; Figure 3.13 Utilities with an ERP System or Advanced MIS; Tables; Table 3.1 Share of Utilities in Compliance with Indicators That Constitute the Basic Index. Box 3.4 Corporate Governance as an Instrument of Change in West Bengal Table 3.2 Characteristics of the Top Five Utilities Covered in the Detailed Index; Box 3.5 Corporate Governance in a High Performing Joint Venture-Tata Power (Delhi); Box 3.6 Organizational Transformation and a Turnaround in Performance in Gujarat; Table 3.3 Utility Performance on the Detailed Index; Notes; Table 3.4 Correlation among Corporate Governance (CG) Variables; References; Chapter 4 Regulatory Governance; Mandates of SERCs; Implementation of Regulatory Mandates; Box 4.1 SERC Responsibilities. Figure 4.1 Ratio of Average Billed Tariff to Operating-Cost-Recovery Level and to Average Operating Cost, 2010 Figure 4.2 Change in Ratio of Average Billed Tariff to Operating-Cost-Recovery Level, 2003-10; Box 4.2 The Cost of Regulatory Assets; Figure 4.3 Measures Taken by SERCs to Protect Consumer Rights; Figure 4.4 Number of Regulations Notified by SERCs; Figure 4.5 Types of Regulations Notified by SERCs; Figure 4.6 Action Taken on OA by SERCs; Institutional Design: SERC Autonomy, Capacity, Transparency, and Accountability.
Series Title: Directions in development (Washington, D.C.)., Energy and mining.
Responsibility: Sheoli Pargal and Kristy Mayer.

Abstract:

This World Bank review, Governance of Indian State Power Utilities: An Ongoing Journey, is a first attempt to systematically examine the quality of corporate and regulatory governance in the Indian power sector. Considering that much of the poor performance of utilities reflected internal and external shortfalls in governance, India's Electricity Act of 2003 mandated unbundling and corporatizing the vertically integrated state electricity boards, along with establishing independent regulators at the center and in the states. The aim was to create a more accountable and commercial performance c.

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