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Government of Madhya Pradesh vide Notification no 226 dated 31.05.2005 restructured MPSEB into five independent companies namely one Genco, one Transco, three Discoms and three Residual MPSEB. The Residual MPSEB was vested with the functions of bulk purchase of electricity from generating companies and supply of electricity in bulk to the three Discoms of the State. Subsequently, the State Government has notified M.P. Electricity Reforms Transfer Schemes Rules 2006 vide notification dated 3rd June 06 whereby the functions, properties, interest rights and obligations of the Residual Madhya Pradesh State Electricity Board relating to Bulk Purchase and Bulk Supply of Electricity along with the related agreements and arrangements have been transferred and vested in M.P. Power Trading Company Limited (TRADECO). Accordingly, TRADECO has started functioning w.e.f. 03/06/2006 and from that date onwards, all three Discoms are buying the power of their requirement from a single source i.e. TRADECO including short term power.