By Alesna Mae S. Flores Posted on Apr. 13, 2013 at 12:00am
Consumers may expect another round of refund after the Energy Regulatory Commission directed Manila Electric Co. to file a petition against the generating companies, or successor companies of National Power Corp., to recover P4.66 billion in transmission line costs.
ERC made the directive in a decision upholding the double line rental loss charges of Power Sector Assets and Liabilities Management Corp. to Meralco, the country’s biggest power distributor.
ERC approved Meralco’s recovery of P5.176 billion from Napocor representing overpayments due to the double charging of transmission line charges.
“Meralco is hereby directed to file a petition against the following successor generating companies: Masinloc Power Partners Co. Ltd., AP Renewables Inc, Therma Luzon Inc., San Miguel Energy Corp. and Sem-Calaca Power Corp…. to recover the line loss collected by them. Otherwise, it shall be the one liable to refund the said amount to consumers,” the regulator said.
The generating firms, which acquired the power plants from the government, assumed Napocor’s supply contract with Meralco. source
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