Transco motion for reconsideration on VMIP still pending with ERC

By Lenie Lectura – June 11, 2018
from Business Mirror

THE National Transmission Corp. (Transco) said its motion for consideration filed with the Energy Regulatory Commission (ERC) in connection with the Visayas-Mindanao Interconnection Project (VMIP) remains pending.

“We haven’t withdrawn the case. There’s no one telling us to withdraw, but it should have been acted upon by the ERC,” said Transco President Melvin Matibag.

Transco, owner of the country’s transmission assets, believes it would be best if it undertakes the VMIP so that expenses to be incurred from the project would not be passed on to consumers.

The ERC, however, issued a provisional authority to the National Grid Corp. of the Philippines (NGCP) to undertake the P52-bllion grid interconnection project.

The NGCP won the concession to operate and maintain the system.