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Bengaluru: Days after electricity supply companies (Escoms) filed a petition before the Karnataka Electricity Regulatory Commission (KERC) seeking a revision of tariff, the state govt data revealed that the power supply entities are reeling under a debt burden of Rs 40,000 crore. The debts, according to the govt's revelations, include borrowings to fund various capital expenditure exercises and arrears towards the purchase of power from the Karnataka Power Transmission Corporation Limited (KPTCL). Over the past few years, the Escoms have taken up several works, including the conversion of overhead cables into underground ones, upgradation of billing software, and adopting technology to manage power distribution. The repeated spending on these works also contributed to the accumulation of debt. Out of the five Escoms, Bescom has the highest borrowings at Rs 18,096 crore, followed by Hubballi Electricity Supply Company (Hescom) at Rs 10,332.4 crore. Even as many energy experts said privatisation of Escoms is the only way forward, the govt, during the winter session of the state legislature in Belagavi, clarified that the situation is under control. Despite KERC's regular revision of tariffs and approval of fuel adjustment charges on a quarterly basis, the Escoms continue to be in debt. "The state govt is standing guarantee for all borrowings of the Escoms. Hence, there is no question of their bankruptcy. Also, the Escoms have secured good rankings at the national level for their operations. Besides, the state govt is also paying off the subsidy on irrigation pumpsets in a phased manner and cleared all dues of the Gruha Jyothi guarantee scheme. Due to this financial assistance, there is no concern over the financial positions of the Escoms," energy minister KJ George said in the assembly. In addition to capital expenditure, Escoms' frequent buying of power from the open exchange and generation companies has also contributed to its debts. Bescom alone has to clear dues worth Rs 8,360 crore towards its power purchase. The financial positions of the Escoms were also referred to by the Gurucharan committee as one of the major concerns of the energy sector. The committee had recommended "renegotiation of all the high-cost power-purchase agreements, mandatory rule-based payment protocol and govt's financial support for the social schemes." ——- Power & liabilities Escoms Total debt (in Rs crore) Bescom Rs 18,095.8 Chescom Rs 4,348.5 Mescom Rs 1,623.3 Hescom Rs 10,332.4 Gescom Rs 4,624.5 Figures as of March 2024; Source: Energy dept, GoK EoM //---- MSID:: 116687126 413 | Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , Location Guesser and Mini Crossword .
West Fraser Timber Co. Ltd. (WFG) to Issue Quarterly Dividend of $0.32 on January 14thNEW YORK — Outside Nebraska football team’s hotel, sirens blared, horns honked and music cut through the cold December air. A lengthy procession of cars, escorted by the New York Police Department, paraded through the Manhattan streets reveling with passers-by as they celebrated Hanukkah in full force on Thursday night. While trips to a New York Knicks game, the 9/11 Museum and other sights around New York City have been highlights for the Nebraska football roster, head coach Matt Rhule is pleased with the level of focus he’s seen from his players. “Walking around New York City, there’s a lot of things to do that could pull you away (from the game), but they’ve done everything right and we’ve practiced well,” Rhule said. One final non-football activity took place Friday morning when Rhule, Ty Robinson, Isaac Gifford and Jahmal Banks went to the New York Stock Exchange. Rhule helped ring the bell to denote the opening of the stock markets for the day. “I’ve grown up here and if you’d told me in one day I’d be on the floor of the stock exchange ringing the bell and a couple hours later I’d be on the field at Yankee Stadium, I never would have believed you,” Rhule said. Having arrived in New York on Monday, Nebraska has practiced in multiple different locations which include the New York Giants practice facility, Fordham University and a Christmas-day walkthrough inside Central Park. “When we landed we went right to practice, and the first thing we did was put our pads on and hit,” Rhule said. “We’ve given them some free time, we’ve done a lot of cool things and celebrated Christmas together, but at the end of the day this is an opportunity for us to finish our season the right way.” * Friday marked the first time Nebraska stepped foot inside Yankee Stadium for an on-field walkthrough prior to playing in the Pinstripe Bowl. As players and coaches alike soaked up the feeling of being inside the legendary sports venue, Rhule found himself impressed with the bowl game’s setup. “A lot of times they play a football game in a baseball stadium and it’s kinda shoehorned in there, but when they rebuilt Yankee Stadium they certainly did it right because (the field) fits perfectly,” Rhule said. * A photo posted by Nebraska football’s social media accounts on Thursday showed the nine newcomers who traveled with the team and have taken part in NU’s bowl game practices. Transfer defensive end Jaylen George and eight incoming freshmen have gotten a “jumpstart” to their Nebraska careers, Rhule said, by being part of team meetings and the on-field preparation. * With wide receiver Isaiah Neyor having opted out of Nebraska’s bowl game, Rhule identified Jaylen Lloyd and Keelan Smith as two wideouts who could see increased opportunities on Saturday. * Nebraska’s transfer portal efforts are not yet fully finished. Following the New Year, the Huskers can again host transfer players on campus for visits. “We’ll be back at work on the first,” Rhule said. “There’s no break, there’s no vacation and there’s no time away; there’s the game and then we’ll be ready to host people that first week (of January).” Get local news delivered to your inbox!
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The NFC’s No. 1 seed will come down to the final week when the Detroit Lions host the Minnesota Vikings. The winner takes the NFC North and gets a first-round playoff bye and home-field advantage until the Super Bowl. The loser becomes the No. 5 seed and must play on the road in the wild-card round. The Vikings (14-2) held on for a 27-25 victory over the Green Bay Packers to set up the high-stakes showdown in Week 18. The Lions (13-2) visit the San Francisco 49ers (6-9) on Monday night in a rematch of the NFC title game. Win, lose or tie, they have to beat the Vikings again. Detroit beat Minnesota 31-29 in Week 7. The Philadelphia Eagles clinched the NFC East and locked up the No. 2 seed with a 41-7 rout of the Dallas Cowboys. However, coach Nick Sirianni has a tough decision to make this week. Saquon Barkley is 101 yards away from breaking Eric Dickerson’s single-season record for yards rushing in a season. Sirianni has to decide whether to rest Barkley and most of his starters to prepare for the playoffs or let his star try for the 40-year-old record. The Los Angeles Rams (10-6) were on the verge of clinching the NFC West. They would lock it up Sunday night if the Commanders beat the Falcons. The outcome of the Atlanta-Washington game has a major impact on the Tampa Bay Buccaneers (9-7). If the Falcons win, they’d remain first in the NFC South and would win the division with a victory against Carolina next week. If the Falcons lose, the Buccaneers would take over first place and would secure the division with a victory over New Orleans next week. The Commanders would secure a wild-card spot with a win against Atlanta. If they lose, Seattle stays mathematically alive for a wild card and the Buccaneers could also find a path to the playoffs as a wild-card team. Three teams in the AFC have already secured their seeds. The two-time defending Super Bowl champion Kansas City Chiefs (15-1) won the AFC West weeks ago and clinched the No. 1 seed. The AFC East champion Buffalo Bills (13-3) are the No. 2 seed. The AFC South champion Houston Texans (9-7) are the No. 4 seed. The Baltimore Ravens (11-5) would win the AFC North and get the No. 3 seed with a win or tie against Cleveland next weekend or a loss or tie by Pittsburgh, which hosts Cincinnati. If they don’t win the division, the Steelers have already clinched a wild-card berth. The Los Angeles Chargers (10-6) also secured a wild-card spot. They’ll be no lower than the sixth seed. The final AFC playoff spot comes down to the Broncos (9-7), Dolphins (8-8) or Bengals (8-8). Denver clinches with a win or tie against the Chiefs. The Dolphins need the Broncos to lose and they must beat the Jets on the road to get in. The Bengals must win and the Broncos and Dolphins have to lose for them to get in. AP NFL: https://apnews.com/hub/NFL
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