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Power regulator DERC to undertake 'intensive' audit of Delhi discoms by CAG-empanelled CA firm
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....ower regulator DERC to undertake 'intensive' audit of Delhi discoms by CAG-empanelled CA firm<BR>Corp. Laws / SEBI / IBC<BR>Dated:- 18-5-2026<BR>PTI<BR>New Delhi, May 18 (PTI) The Delhi Electricity Regulatory Commission (DERC) has initiated the process for "intensive" audit of power discoms in the capital by a CAG-empanelled chartered accountancy firm, officials said on Monday. The move comes ....
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....nearly a month after, the Appellate Tribunal for Electricity (APTEL) quashed its move for the audit of discoms by the Comptroller and Auditor General (CAG). The DERC has floated a tender for engaging a CAG-empanelled chartered accountancy (CA) firm in line with the directions of Supreme Court on August 6, 2025. The court in its order directed DERC for liquidation of regulatory assets accumulat....
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....ed over the years, to the discoms. The SC also directed DERC to undertake a "strict and intensive audit" of the circumstances in which the distribution companies have continued without recovery of the regulatory asset. Last month, APTEL quashed DERC's application to undertake an audit of discoms by CAG, pointing it violated Section 20(3) of the CAG (Duties, Powers and Conditions of Service....
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....) Act, 1971. APTEL said the Supreme Court had directed for an intensive audit of discoms without specifying that it should be conducted through CAG. It also held that the issue of liquidation of regulatory assets was not related to the audit of discoms. The audit directed by the Supreme Court was limited to examination of the circumstances leading to accumulation of regulatory assets a....
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....nd not a comprehensive financial audit, the APTEL noted, directing DERC to complete the audit within three months from April 20. The DERC which has to implement the Supreme Court order for liquidation of regulatory assets worth Rs 38,552 crore of discoms, is likely to approach APTEL seeking more time to start the process, sources said. The tribunal in its previous order in April, had given....
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.... three weeks time to the DERC to start the liquidation process. According to DERC's submission to APTEL in January this year, the total outstanding regulatory assets stand at Rs 38,552 crore, including Rs 19,174 crore of BSES Rajdhani Power Limited, Rs 12,333 crore of BSES Yamuna Power Limited and Rs 7,046 crore of Tata Power Delhi Distribution Limited. PTI VIT ARB ARB =============<BR> Ne....
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....ws - Press release - PIB....