Published
By Myrna M. Velasco
At least 20 professionals
and energy sector executives have been on the official roll of nominees in the
fiercely contested independent board directorship for the governing body of the
country’s Wholesale Electricity Spot Market.
But of the 20 nominees,
only four will make it to the final cut for the PEM Board, which shall continue
its oversight and governance function for the WESM amid transformative shift
into finally having an independent market operator.
According to documents,
the candidates for Philippine Electricity Market Corporation (PEM) Board have
been topbilled by the four members of the transition committee, a former
chairman of the National Renewable Energy Board (NREB), other former energy
officials and people from the academe.
The four PEMC
transition committee members who made it to the independent board nominations
have been: Oscar E. Ala who is currently the sitting president of the WESM
market operator; Jose Mari T. Bigornia; Francis Saturnino C. Juan and Rauf A.
Tan.
Former NREB Chairman
Pete H. Maniego Jr. also secured a place in the most-coveted nominations list;
so as with former National Transmission Corporation President Alan T. Ortiz;
who also served previously as chief executive of the energy investment arm of
San Miguel Corporation.
The other nominees have
been: Crispiniano G. Acosta, Carmelo R. Alcala, Jesus L. Arranza, Dante M.
Briones, Clarita R. Carlos, Efren S. Cruz, Emmanuel S. De Dios, Yvonne De
Leon-Ouano. Mario T. Gayao, Jose Vicente E. Jimenez. Emmanuel G. Lacson,
Francis C. Mapile, Jose Tomas C. Syquia and Peter L. Wallace.
The PEM Board noted
that the contenders will have to go through “verification process if they meet
all the qualifications and have none of the disqualifications for independent
directors as set out in the WESM Rules.”
Additionally, nominees
for the various segments of the industry have been integrated on the final roll
– including that of the generation sector which already had its voting last
month. The PEM Board will have 15 members coming from various segments of the
power sector.
For the distribution
sector, PEM Board contenders are Rolando M. Cagampan of the Manila Electric
Company; Gilbert A. Pagobo of Mactan Electric Company, Inc.; Felino Herbert P.
Agdigos of the Ilocos Norte Electric Cooperative; and Allan L. Laniba of the
Leyte Electric Cooperative III.
In the supply sector,
in the roll is Noel V. Aboboto of TeaM Philippines Energy Corporation; while in
the transmission segment, the contender is lawyer Ronald Dylan Concepcion of
the National Grid Corporation of the Philippines.
Under the IMO
Transition Plan, “the chairman of the PEM Board is to be elected from among the
independent members by the majority of the Board Members,” and that “the first
chairman of the PEM Board, shall be the Department of Energy Secretary.”
Energy Secretary
Alfonso G. Cusi has indicated that he is looking forward to concluding this
process by end-June, “so I can already step down as chairman of the PEM Board.”
At the full
privatization of the power spot market’s operating entity, the role of
government will just already be confined to apprehending and penalizing market
breaches and abuses; as well as guiding the industry on WESM rule changes.
No comments:
Post a Comment