By Danessa Rivera (The
Philippine Star) | Updated February 2, 2016 - 12:00am
MANILA, Philippines – The Philippine
Electricity Market Corp. (PEMC), the operator of the country’s electricity spot
market, has asked the Court of Appeals to reconsider its order to stop
collecting penalties from Aboitiz unit Thermal Mobile Inc. (TMO).
PEMC said in a statement yesterday
it filed a motion for reconsideration following the appellate court’s decision
denying the market operator’s petition to collect a P234.9-million fine from
TMO.
PEMC is the operator of the
Wholesale Electricity Spot Market (WESM).
“PEMC is always open to discuss any
issue with the participants as long as it is consistent with its mandate under
the WESM rules. We are committed in upholding the integrity of the WESM
investigation process and we will remain true to our objective of creating a
level-playing field among the WESM players,” PEMC president Melinda Ocampo
said.
The CA decision is an affirmation of
an earlier decision made by the Pasig Regional Trial Court on April 1, 2015.
The RTC prevented PEMC to collect
the financial penalties and charge interest on the financial penalties and to
transmit PEMC-ECO’s investigation report to the Energy Regulatory Commission
(ERC) until the dispute is finally resolved.
The appellate court also directed
parties to comply with the dispute resolution process under the WESM rules and
Dispute Resolution Market Manual (DRMM) which has already been started.
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