Pargal, SheoliMayer, Kristy2014-10-092014-10-092014-09-25978-1-4648-0303-1https://hdl.handle.net/10986/20397By the late 1990s, the technical and financial performance of the power sector in India had deteriorated to the point where the Government of India had to step in to bail out the state utilities, almost all of which were vertically integrated state electricity boards (SEBs). Considering that the dismal performance of state utilities reflected internal and external shortfalls in governance, the new Electricity Act of 2003 (EA 2003) mandated the unbundling and corporatization of the SEBs, along with the establishment of independent regulators. This was expected to bring about a more accountable and commercial performance culture, with concomitant results in improved utility performance. The rest of this review is organized as follows. Chapter two summarizes the institutional context and relevant developments over the past two decades. Chapter three focuses on the corporate governance agenda adopted by the government and its implementation, specifically relating to the structure and functioning of utility boards of directors. Chapter four reviews SERC regulatory governance. Chapter five analyzes the correlation between key indicators of the quality of regulatory and corporate governance and utility financial performance. And chapter six concludes.en-USCC BY 3.0 IGOACCOUNTABILITYACQUISITIONSADEQUATE TRANSPARENCYANNUAL REVENUE REQUIREMENTAPPROACHARTICLES OF ASSOCIATIONAUDIT COMMITTEEAUDIT COMMITTEESAVAILABILITYBALANCEBOARD MEETINGSBOARD MEMBERBOARD MEMBERSBOARD MEMBERSHIPBOARDS OF DIRECTORSBUREAUCRACYBUSINESS ETHICSCADRESCASH FLOWSCENTRAL GOVERNMENTCEOCEOSCHIEF EXECUTIVECOMMERCIAL ACCOUNTINGCOMMERCIAL ENTITIESCOMMERCIAL RISKSCOMMERCIALIZATIONCOMPANIES ACTCOMPANY LAWCONFEDERATIONCONSTITUTIONCONSUMER INTERESTSCONSUMER PROTECTIONCONTROLLING SHAREHOLDERSCORPORATE BODIESCORPORATE DECISIONCORPORATE EXECUTIVESCORPORATE GOVERNANCECORPORATE MALFEASANCECORPORATE PERFORMANCECORPORATE SOCIAL RESPONSIBILITYCORPORATIONDECISION MAKINGDECISION-MAKINGDECISION-MAKING AUTHORITYDISCLOSUREDISTRIBUTION COMPANIESDISTRIBUTION COMPANYDISTRIBUTION FUNCTIONSDISTRIBUTION SYSTEMSEFFICIENCY OF SERVICEEFFICIENCY OF SERVICE DELIVERYELECTRICITYELECTRICITY REGULATORELECTRICITY SECTORELECTRICITY SUPPLYELECTRICITY SYSTEMELECTRICITY TARIFFSELECTRICITY UTILITIESELECTRIFICATIONEMPLOYMENTENERGY EFFICIENCYFINANCIAL AUTONOMYFINANCIAL EVALUATIONFINANCIAL INSTITUTIONSFINANCIAL PERFORMANCEFINANCIAL STATEMENTSFINANCIAL SUPPORTFIRM PERFORMANCEFRANCHISESGENERATIONGOVERNANCE REQUIREMENTSGOVERNMENT APPROVALGOVERNMENT DEPARTMENTSGOVERNMENT OFFICIALSGOVERNMENT POLICYGOVERNMENT PROGRAMSGOVERNMENT REPRESENTATIVESGOVERNMENT SUBSIDIESGOVERNMENT ­ PERFORMANCEGROSS DOMESTIC PRODUCTGROSS DOMESTIC PRODUCT DATAHOLDING COMPANIESHOLDING COMPANYHUMAN RESOURCEHUMAN RESOURCE POLICIESHUMAN RESOURCESHYDROPOWERHYDROPOWER GENERATIONINCORPORATEDINDEPENDENT AUDITINDEPENDENT DIRECTORINDEPENDENT DIRECTORSINDEPENDENT OVERSIGHTINDEPENDENT REGULATIONINSTITUTIONAL STRUCTUREINVESTMENT DECISIONSJOINT VENTUREJOINT VENTURESLABOR UNIONSLEGISLATIONLEGISLATURESLIMITEDLTD.MANAGERIAL AUTONOMYMANAGERSMETER READINGMINISTRY OF FINANCENETWORK INFRASTRUCTURENETWORK PLANNINGOPEN ACCESSOPEN COMPETITIONOPERATIONAL EFFICIENCYOPERATIONAL PERFORMANCEPERFORMANCE INDICATORSPERFORMANCE OUTCOMESPERFORMANCE TARGETSPOISON PILLSPOLITICAL INTERFERENCEPOLITICAL SENSITIVITYPOLITICIANSPOLLUTIONPOWER DISTRIBUTIONPOWER GENERATIONPOWER POLITICSPOWER PROCUREMENTPOWER SECTORPOWER SECTORSPOWER SYSTEMPRIVATE COMPANYPRIVATE CORPORATIONPRIVATE OWNERSHIPPRIVATE PARTICIPATIONPRIVATE PARTNERSHIPSPRIVATE SECTOR PARTICIPATIONPROFIT MAXIMIZATIONPROXYPUBLIC ACCOUNTABILITYPUBLIC CORPORATIONSPUBLIC OWNERSHIPPUBLIC PARTICIPATIONPUBLIC POLICYPUBLIC SECTORPUBLIC SECTOR MODELPUBLIC UTILITIESPUBLIC UTILITYPUBLIC WATERPUBLIC WATER UTILITIESQUALITY OF SERVICEREGULATORY FRAMEWORKREGULATORY FRAMEWORKSREGULATORY MECHANISMSRENEWABLE ENERGYREORGANIZATIONREVENUE SHORTFALLSRIGHTS OF SHAREHOLDERSSERVICE PROVISIONSHAREHOLDERSHAREHOLDER RIGHTSSHAREHOLDER VALUESHAREHOLDERSSTAKEHOLDERSSTATE CONTROLSTATE GOVERNMENTSTATE POWERSTATE UTILITIESSTATE-OWNED COMPANIESSTATE-OWNED ENTERPRISESSTOCK MARKETSSTOCK PRICESUBSIDIARIESSUCCESSOR COMPANIESSUCCESSOR COMPANYSUCCESSOR ENTITIESTARIFF SETTINGTRANSPARENCYUNIONUTILITY EMPLOYEESUTILITY OPERATIONSWATER UTILITIES10.1596/978-1-4648-0303-1