In Brief
The Supreme Court dismissed appeals by Maharashtra's electricity distribution company challenging a regulatory order granting Change in Law relief to a power generator. The case concerned whether the SHAKTI Coal Policy constituted a "Change in Law" triggering tariff compensation. The Court held that SHAKTI Policy, which reduced coal assurance from 100% to 70%, amounted to Change in Law. Under the restitutionary principle, the generator was entitled to compensation restoring it to its original economic position. The Court also upheld the regulator's allowance of carrying cost and rejected the requirement for advance notice about alternate coal usage. The Court deferred to expert regulatory bodies and dismissed the appeals without interfering with concurrent findings on notice and carrying cost entitlements.
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