MSEB made its third tariff revision application before the MERC in 2003. Similar to the last two tariff revisions of MSEB; Prayas participated in the technical validation sessions as well as in the public hearing process. Main thrust of Prayas’s submission in this case was on highlighting accountability mechanisms, for both MERC as well as MSEB. These include measures such as periodic review of MSEB’s performance and compliance of MERC’s directives and orders. The presentation also highlighted need for stringent regulation of investments being undertaken by utilities.