Which of the following statements is true?

Statement 1- The Delhi State Electricity Board (DSEB) was set up in 1955.
Statement 2- The DSEB was succeeded by the Delhi Electric Supply Undertaking (DESU) in 1958.

Only statement 2 is true

Since Independence, power management in the national capital has changed hands four times. The Delhi State Electricity Board (DSEB) was set up in 1951. This was succeeded by the Delhi Electric Supply Undertaking (DESU) in 1958. The Delhi Vidyut Board (DVB) came into existence as SEB in February 1997. The tariff structure and other regulatory issues are monitored by the Delhi Electricity Regulatory Commission (DERC).