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001 EBC1819602
003 MiAaPQ
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006 m o d |
007 cr cnu||||||||
008 240724s2014 xx o ||||0 eng d
020 _a9781464803048
_q(electronic bk.)
020 _z9781464803031
035 _a(MiAaPQ)EBC1819602
035 _a(Au-PeEL)EBL1819602
035 _a(CaPaEBR)ebr10950247
035 _a(CaONFJC)MIL653377
035 _a(OCoLC)880960176
040 _aMiAaPQ
_beng
_erda
_epn
_cMiAaPQ
_dMiAaPQ
050 4 _aHD9685.I42 -- .P374 2014eb
082 0 _a354.4/90954
100 1 _aPargal, Sheoli.
245 1 0 _aGovernance of Indian State Power Utilities :
_bAn Ongoing Journey.
250 _a1st ed.
264 1 _aWashington :
_bWorld Bank Publications,
_c2014.
264 4 _c©2014.
300 _a1 online resource (131 pages)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
490 1 _aDirections in Development - Energy and Mining
505 0 _aFront Cover -- Title Page -- Copyright Page -- Contents -- Acknowledgments -- About the Authors -- Executive Summary -- Abbreviations -- Chapter 1 Introduction -- Notes -- References -- Chapter 2 Institutional Context -- Notes -- References -- Chapter 3 Corporate Governance of State Power Utilities -- Objectives of Unbundling and Corporatizing State Utilities -- Corporate Governance Requirements for State Utilities in India -- Findings-Corporate Governance in Practice -- Notes -- References -- Chapter 4 Regulatory Governance -- Mandates of SERCs -- Implementation of Regulatory Mandates -- Institutional Design: SERC Autonomy, Capacity, Transparency, and Accountability -- Indexes on Institutional Design and Implementation of Mandates -- Notes -- References -- Chapter 5 Relationships between Governance and Utility Performance -- Corporate Governance -- Governance and Performance -- Notes -- Chapter 6 Conclusions -- Corporate Governance -- Regulatory Governance -- Recommendations -- Notes -- References -- Appendix A Corporate Governance Requirements in India -- Notes -- Reference -- Appendix B Coverage of Electricity Utilities -- Appendix C Utility Performance on Corporate Governance Indexes -- Appendix D Corporate Governance Data -- Appendix E Coverage of State Electricity Regulatory Commissions -- Appendix F SERC Performance on Regulatory Governance Indexes -- Appendix G Regulatory Governance Data -- Boxes -- Figures -- Tables -- Back Cover.
520 _aThis World Bank review, Governance of Indian State Power Utilities: An Ongoing Journey, is a first attempt to systematically examine the quality of corporate and regulatory governance in the Indian power sector. Considering that much of the poor performance of utilities reflected internal and external shortfalls in governance, India’s Electricity Act of 2003 mandated unbundling and corporatizing the vertically integrated state electricity boards, along with establishing independent regulators at the center and in the states. The aim was to create a more accountable and commercial performance culture. A particular motivation was the need to keep the state government at arm’s length from utilities and regulators alike. This review assesses aspects of corporate governance that would be expected to increase the internal and external accountability of utilities; the institutional design of state-level regulation; and the extent to which regulators have implemented key elements of their mandate. In addition, it examines the correlation between the adoption of recommended corporate governance practices and utility performance, and between regulatory governance and utility performance. It finds that while unbundling the electricity boards has progressed quite well on paper, actual separation and functional independence of the unbundled entities is considerably less than it appears—and clearly identifying the contributions of individual entities in the service value chain and holding them accountable for their performance remains difficult. Corporatization has been unable to insulate utilities from state interference because boards remain state dominated, lack sufficient decision-making authority, and are rarely evaluated on performance. Also, the regulatory environment has not sufficiently pushed utilities to improve performance. State electricity
520 8 _aregulatory commissions have been established in all states, but a lack of accountability and autonomy and limited technical capacity have restricted their ability to create an independent, transparent, and unbiased governance framework for the sector that balances consumer and investor/utility interests.
588 _aDescription based on publisher supplied metadata and other sources.
590 _aElectronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
650 0 _aElectric utilities -- India.
650 0 _aPublic utilities -- India.
655 4 _aElectronic books.
700 1 _aMayer, Kristy.
700 1 _aMayer, Kristy.
776 0 8 _iPrint version:
_aPargal, Sheoli
_tGovernance of Indian State Power Utilities
_dWashington : World Bank Publications,c2014
_z9781464803031
797 2 _aProQuest (Firm)
830 0 _aDirections in Development - Energy and Mining
856 4 0 _uhttps://ebookcentral.proquest.com/lib/orpp/detail.action?docID=1819602
_zClick to View
999 _c42102
_d42102