<p>Governor H R Bhardwaj will administer the oath of office to the new appointee at Raj Bhavan at 10 am on Wednesday.<br /><br />The tenure of KERC Chairman is for five years. Murthy on Tuesday opted for voluntary retirement from the IAS as the KERC Act -2003 specifies that the Chairman will not hold any other office. A 1976-batch IAS officer, Murthy was retire to this year.<br /><br />The KERC is an autonomous body set up to regulate all aspects of the energy sector in the State. All major policy decisions of the government in the energy sector have to be vetted by the commission.<br /><br />The post of KERC chairman fell vacant on December 15 last year when incumbent K P Pandey completed his tenure.<br /><br />The government took its time to appoint the new chairman as it was in a dilemma following a Selection Committee headed by justice (retd) S R Venkateshmurthy recommending the name of Chairman of the Karnataka Appellate Tribunal and 1974 batch IAS officer A Ramaswamy as the first preference for the key post. <br /><br />The Committee had given the second preference to Murthy in its report submitted to the government on January 16, sources said. Chief Minister B S Yeddyurappa had the final say in the appointment, the sources added.<br /><br />Appointment<br /><br />Senior IAS office L V Nagarajan has been appointed Principal Secretary, Finance Department following the appointment of incumbent M R Sreenivasa Murthy as Karnataka Electricity Regulatory Commission (KERC) Chairman.<br /><br />Nagarajan will also hold the additional charge as Principal Secretary, Water Resources Department, according to an official notification.</p>
<p>Governor H R Bhardwaj will administer the oath of office to the new appointee at Raj Bhavan at 10 am on Wednesday.<br /><br />The tenure of KERC Chairman is for five years. Murthy on Tuesday opted for voluntary retirement from the IAS as the KERC Act -2003 specifies that the Chairman will not hold any other office. A 1976-batch IAS officer, Murthy was retire to this year.<br /><br />The KERC is an autonomous body set up to regulate all aspects of the energy sector in the State. All major policy decisions of the government in the energy sector have to be vetted by the commission.<br /><br />The post of KERC chairman fell vacant on December 15 last year when incumbent K P Pandey completed his tenure.<br /><br />The government took its time to appoint the new chairman as it was in a dilemma following a Selection Committee headed by justice (retd) S R Venkateshmurthy recommending the name of Chairman of the Karnataka Appellate Tribunal and 1974 batch IAS officer A Ramaswamy as the first preference for the key post. <br /><br />The Committee had given the second preference to Murthy in its report submitted to the government on January 16, sources said. Chief Minister B S Yeddyurappa had the final say in the appointment, the sources added.<br /><br />Appointment<br /><br />Senior IAS office L V Nagarajan has been appointed Principal Secretary, Finance Department following the appointment of incumbent M R Sreenivasa Murthy as Karnataka Electricity Regulatory Commission (KERC) Chairman.<br /><br />Nagarajan will also hold the additional charge as Principal Secretary, Water Resources Department, according to an official notification.</p>
