With the flurry of complaints from National Power Corporation (NPC) suppliers not being paid, Energy Secretary Rene D. Almendras noted that he will push for the “downstreaming” of the power firm’s book of accounts with that of the Power Sector Assets and Liabilities Management Corporation (PSALM). The energy chief told reporters that board meetings will [...]
Posts Tagged ‘NPC’
Separation of NPC, PSALM accounts up (8/19/2010)
Posted in Manila Bulletin News, tagged NPC, PSALM on August 19, 2010 | Leave a Comment »
Napocor’s P15-B bond sale shelved (8/19/2010)
Posted in Business World News, tagged Missionary electrification, NPC, SPUG, Universal charge on August 19, 2010 | Leave a Comment »
A BOND sale supposed to finance state-owned National Power Corp.’s (Napocor) missionary electrification projects has been halted by the Department of Energy (DoE). Energy Secretary Jose Rene D. Almendras told reporters in an interview at the sidelines of the government’s midyear economic briefing the department would be studying the business model of Napocor for its [...]
ERC rejects P3.00/kWh rate in supply deal (8/05/2010)
Posted in Manila Bulletin News, tagged DWS, NPC, Power supply, PSALM on August 5, 2010 | Leave a Comment »
The power supply agreement, which has been repackaged as letter-agreement, entered into by the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Power Corporation (NPC) with SPC Power Corporation (formerly Salcon Power) failed to secure the approval of the Energy Regulatory Commission (ERC) for the P3.00 per kilowatt hour (kWh) rate on the [...]
Almendras extends tenure of heads of energy GOCCs (8/05/2010)
Posted in Manila Bulletin News, tagged NEA, NPC, PNOC, PSALM, Transco on August 5, 2010 | Leave a Comment »
In line with the provisions of Malacañang-issued Memorandum Circular No. 2, Energy Secretary Rene D. Almendras has issued a cover memorandum echoing the extended tenure of the heads of government-owned and controlled corporations (GOCCs) in the energy sector and attached agencies until October 31 this year or until their replacements are named. Covered in the [...]
House probe sought on high power cost (8/02/2010)
Posted in Philippine Star News, tagged EPIRA, NPC, Power cost on August 2, 2010 | Leave a Comment »
Eastern Samar Rep. Ben Evardone urged the House of Representatives yesterday to conduct an honest-to-goodness inquiry into the high cost of electricity. In Resolution 106, the journalist-turned-lawmaker said under the Electric Power Industry Reform Act of 2001 (Epira), generation plants of the state-owned National Power Corp. (Napocor) were to be sold, while its transmission lines [...]
FDC seeks stop to sale of remaining NPC assets (7/30/2010)
Posted in Inquirer News, tagged IPPA, NPC, Privatization, PSALM on July 30, 2010 | Leave a Comment »
THE FREEDOM from Debt Coalition has urged the government to suspend the sale of the remaining assets of National Power Corp., pending a comprehensive review of the Electric Power Industry Reform Act (Epira). “It will be truly judicious if the scheduled asset sale of the Power Sector Assets and Liabilities Management Corp. (PSALM) is put [...]
JCPC asked to probe power privatization pitfalls (6/25/2010)
Posted in Manila Bulletin News, tagged JCPC, NGCP, NPC, Privatization, PSALM on June 25, 2010 | Leave a Comment »
The alleged privatization pitfalls committed in the assets of the National Power Corporation (NPC) finally reached the corridor of the Joint Congressional Power Commission (JCPC) which is being asked to investigate the manner in which some facilities were disposed of and on the transactions sealed with private sector takers. It was gathered from the Congressional [...]
Napocor seeks to raise power rates (6/21/2010)
Posted in Inquirer News, tagged NPC, Power cost, Power rates, Price hike on June 21, 2010 | Leave a Comment »
State-owned National Power Corp. (Napocor) wants to increase its power rates in the three main grids, according to petitions it filed before the Energy Regulatory Commission last week. Napocor is seeking an increase of 62.51 centavos per kilowatt-hour (kWh) in Luzon, 9.73 centavos per kWh in the Visayas, and 11.22 centavos per kWh in Mindanao, [...]
Power firms file rate hike pleas (6/21/2010)
Posted in Business World News, tagged Meralco, NPC, Power rates, Price hike on June 21, 2010 | Leave a Comment »
Napocor seeks to recover costs; Meralco files for 2012-2015 adjustments PETITIONS for higher power rates, among them adjustments that could lead to Luzon consumers having to deal with an increase of over P1 per kilowatt-hour (kWh) in the near future, have been filed with the Energy Regulatory Commission (ERC). Separate applications were filed last week [...]
CA affirms discount for big power consumers (6/15/2010)
Posted in Inquirer News, tagged NPC, SPEED on June 15, 2010 | Leave a Comment »
The Court of Appeals has affirmed the discount promised to big power consumers by the Arroyo administration under a special price incentive offer. The appellate court recently upheld the decision of the Energy Regulatory Commission (ERC) ordering the state-run National Power Corp. (Napocor) to refund P24.63 million to Cathay Pacific Steel Corp. (Capasco) based on [...]
