This paper revolves around the different aspects of the power sector. Importance of the strengthened power sector has been showcased. Power sector is facing various power losses. The major portion of losses is covered by transmission and distribution losses. These losses accompany both technical and commercial losses occurring in the power distribution sector. The foremost causes behind these losses have been focused in this paper. Various parameters have been acknowledged for analyzing technical and financial performance of the power companies. The case of power sector has been particularly emphasized for the state of Haryana. The necessity of various reforms has been stressed for industrialized growth of the nation and to cater the needs of common people judiciously. Division of Haryana State Electricity Board has been justified with individual functions of all subsidiaries. The objectives of Haryana Electricity Regulatory Commission have been illustrated.