(The Philippine Star) | Updated July 31, 2016 - 12:00am
MANILA, Philippines –
Four delinquent power distributors were penalized for failure to submit
required five-year plans to the Energy Regulatory Commission (ERC).
The four distribution
utilities are First Bay Power Corporation Inc. (FBPC), Albay Electric
Cooperative Inc. (ALECO), Abra Electric Cooperative Inc. (ABRECO) and
Maguindanao Electric Cooperative Inc. (MAGELCO).
The four were ordered
to pay P50,000 each for non-compliance, as provided for in Section 46 – Fines
and Penalties of the Electric Power Industry Reform Act of 2001 (EPIRA).
“The ERC, under its
investigation and enforcement function, will see to it that every stakeholder
complies with all the relevant laws and directives issued by the ERC to promote
and protect the long-term interests of the consumer,” ERC chairman Jose Vicente
Salazar said.
Following a request
from the Department of Energy (DOE), the power regulator conducted a thorough
investigation and issued a Show Cause Order (SCO) to the companies for their
failure to comply with the submission of their respective Distribution
Development Plan (DDP).
But the ERC found no
justifiable reason to absolve FBPC, ALECO, ABRECO and MAGELCO.
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