By Danessa Rivera (The
Philippine Star) | Updated October 21, 2016 - 12:00am
MANILA, Philippines - The National
Grid Corp. of the Philippines (NGCP) is seeking to recover as much as P15.6
million from consumers in Luzon and Mindanao after its assets were damaged by
Typhoon Lando and sabotage incidents.
The grid operator filed an
application with the Energy Regulatory Commission (ERC) for a provisional
approval for the collection of the force majeure (FM) pass-through costs from
customers in Luzon and in Mindanao.
NGCP said the FM capital and
operating expenditure amounted to P13.45 million. These items cover the repair,
restoration and rehabilitation of damaged transmission assets.
Meanwhile, the recoverable value or
the net fixed asset value of the assets destroyed by Typhoon Ineng is
equivalent to P2.18 million.
The recovery amounts to P15.63
million in total, which will be recovered from Luzon and Mindanao customers
from September 2016 to December 2020.
In its application with the ERC,
NGCP proposed to recover P0.23 per kilowatt (kw) a month in 2016 and P0.01 per
kw a month from 2017 to 2020 in Luzon.
For Mindanao, it seeks to charge
P0.54 per kw a month in 2016, P0.05 per kw a month from 2017 to 2019 and P0.04
per kw a month in 2020.
Under the Rules for the Setting of
Transmission Wheeling Rates, NGCP is allowed to recover the cost it incurred
for the repair, restoration and rehabilitation of its transmission assets and
other related facilities damaged by the FMs Lando in Luzon and sabotage
incidents in Mindanao.
NGCP’s assets were damaged during
the onslaught of Lando from Oct. 14 to 21, 2015 and because of sabotage
incidents which occurred in Pikit, Cotabato on Oct. 9, 2015 and in Marinaut,
Marawi City on Oct. 29, 2015.
Under the rules, a FM event claim
covers “typhoon, storm, tropical depression, flood, drought, volcanic eruption,
earthquake, tidal wave or landslide; or an act of public enemy, war (declared
or undeclared), sabotage, blockade, revolution, riot, insurrection, civil
commotion or any violent or threatening actions.”
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