(1) A distribution licensee may, with prior intimation to the

Appropriate Commission, engage in any other business for optimum utilisation of its assets:

Provided that a proportion of the revenues derived from such business shall, as may be specified by the concerned State Commission, be utilised for reducing its charges for wheeling :

Provided further that the distribution licensee shall maintain separate

accounts for each such business undertaking to ensure that distribution business

neither subsidies in any way such business undertaking nor encumbers its

distribution assets in any way to support such business.

Provided also that nothing contained in this section shall apply to a local authority engaged, before the commencement of this Act, in the business of distribution of electricity.

Provisions with respect to electricity trader.

Provisions with respect to electricity traders