The State undertook structural reforms in 2010 wherein the erstwhile Himachal Pradesh State Electricity Board (HPSEB) was unbundled into Himachal Pradesh Power Transmission Corporation Ltd. (HPPTCL- Transmission company) and Himachal Pradesh State Electricity Board Limited (HPSEBL - Generation and Distribution company).
Additionally, State Load Despatch Centre was established as an independent entity in the form of Himachal Pradesh State Load Despatch Society in 2010. A separate Generating Company Himachal Pradesh Power Corporation Limited (HPPCL) was established by the State Government for planning, promotion and development of hydro power projects within the state.
Himachal Pradesh is endowed with rich hydro resources which has helped in meeting its power requirement to a large extent. HPSEBL owns 22 operational hydro power plants with a total installed capacity of 487 MW.