THE CAG draft report on Delhi's Discoms describing the Rs 8,000 crore loot of consumers, follows on the heels of the Orissa Electricity Regulatory Commission's (OERC) order, cancelling the licenses of the three Anil Ambani Reliance distribution companies. OERC cancelled Reliance licenses in March, 2015 for failing to deliver on any count, and repeatedly violating its orders. With this, we have come a full circle on the electricity reforms introduced by the Electricity Act 2003, whose primary goal was to privatise the sector.