ERC approves 16 power deals

By Alena Mae S. Flores – May 10, 2018 at 07:10 pm
from manilastandard.net

The Energy Regulatory Commission approved 16 power supply agreements and seven capital expenditure applications with a total amount of P1.146 billion and corresponding permit fees of P8.6 million.

The 16 approved PSAs, however, excluded the controversial seven PSAs of Manila Electric Co.

The ERC approved 25 decisions and show cause orders as a part of its move to ensure a zero-backlog of pending cases.

It also developed an online platform, with the assistance of the World Bank to streamline and digitize the eight work processes in the commission, including the filing of applications.

“We have achieved meaningful milestones, and we owe it to President Duterte with the continuing guidance and support from his office.  The past four  months was truly challenging, but we were able to achieve significant accomplishments with the valuable contributions of the Commissioners,” ERC chairperson and chief executive Agnes Devanadera said.