Prayas Occasional Report – 1/2006. The power sector in Delhi was restructured fundamentally in 2002. After un-bundling, three distribution companies were created and privatized. This report focuses on the performance of privatized distribution companies and the regulatory process in first three years of the post-privatization period. The report is based on rigorous analysis of various regulatory filings and orders such as tariff submissions and tariff orders. Report covers analysis of issues such as aggregate technical and commercial losses, capital expenditure, revenue and consumption data claimed by distribution companies, quality of service and the regulatory approach and orders.