The legislative Assembly of Rajasthan approved the Rajasthan Power Sector Reforms Bill (Reform Bill) on September 25,1999. The reform bill received the Presidential Assent on December 28,1999 and became effective from June 1, 2000. As the first initiative in implementing the reforms program, GoR established Rajasthan Electricity Regulatory Commission (RERC) in January 2000. The vertically integrated monopoly power utility RSEB was unbundled into new entities on 19th July 2000, based on functional specialization, namely: