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MERC rejects Tata Power's claims

MUMBAI, JUNE 1. The Maharashtra Electricity Regulatory Commission (MERC) has passed an order dated May 31 on the matter of the standby charges dispute between Tata Power (TPC) and Reliance Energy (REL), and has rejected TPC's claim that the standby charges liability has to be shared 50:50 between TPC and REL, says a release. Based on MERC's order, REL will receive a refund of around Rs. 373 crores from TPC in respect of excess payments already made towards standby charges, as per various interim orders.

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