State Electricity Distribution Management Statement to be laid before the State Legislature

(1) The State Government shall lay, in each financial year during the Budget Session, before the State Legislature, a State Electricity Distribution Management Statement on the measures taken by the State Government in relation to electricity distribution in the State including, in the areas of long-term planning, consumer protection, regulatory compliance, corporate governance, financial restructuring of the State Distribution Licensee, so as to bring about the operational and financial viability of the State Distribution Licensee, on sustainable basis and which shall comprise of the following:- (a) State Electricity Distribution Strategy Statement laying down the policies and strategies of the State Government for achieving the Key Performance Indicators, for the ensuing financial year, relating to the conditions or provisions provided under sections 4, 5, 6 and 8 and description of other activities which have potential implications on financial and operational turn-around of the State Distribution Licensee; (b) action plan, on long-term, medium term and short-term basis, laying down time bound programme to- (i) execute strategic priorities to achieve Key Performance Indicators; (ii) monitor and ensure compliance of the Key Performance Indicators, and strategic priorities; (iii) feedback loop for in/mid-course corrections; and (iv) such other actions as may be required to meet the obligations cast under this Act on the State Government and achieve the objectives of this Act: Provided that the action plan shall contain steps for eliminating and minimizing deviation in actual performance and Key Performance Indicators; and (c) State Electricity Distribution Performance Statement laying down an assessment of compliance, by the State Electricity Distribution Licensee or the State Government, as the case may be, with the conditions or provisions provided under sections 4, 5, 6 and 8 of this Act. (2) The State Electricity Distribution Management Statement shall be in such form as may be prescribed. (3) The State Electricity Distribution Management Statement shall be without prejudice to any consequences to which the State Distribution Licensee may be liable under the Electricity Act, 2003 in particular, the timeline referred to in section 55 of the said Act, and any orders and directions of the authorities in relation to any of the requirements under the said enactment: Provided that nothing in this section shall imply relaxation of any requirement under the Electricity Act, 2003.