The National Grid Corporation of the Philippines (NGCP) said Thursday the Energy Regulatory Commission (ERC) is the sole agency that could conduct an audit on its system operations. Know more:
The National Grid Corporation of the Philippines said Thursday the Energy Regulatory Commission is the sole agency that could conduct an audit on its system operations.
NGCP said it recognizes the right of PSALM and TransCo “to inspect the transmission assets and witness any aspect of the performance of th[e] [Concession] Agreement.” It also acknowledges PSALM’s right to “audit [NGCP’s] compliance and performance with its obligations under th[e] Agreement and other Transaction Documents.”
“NGCP reiterates that it will participate in a system audit to be undertaken by the ERC, in accordance with the letter and the spirit of the Epira,” stressed NGCP.Lamenting the adverse effects of uncompleted vital power projects, Senator Sherwin Gatchalian on Thursday goaded the ERC to penalize the NGCP for the delayed projects, which NGCP had acknowledged, even as it cited the reasons for the delays—all beyond its control.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NGCP exec puzzled as to when making money became so ‘demonized’When did making money become so “demonized?” NGCP assistant vice president Cynthia Alabanza aired this sentiment on Thursday after senators questioned the hefty payouts that its owners have been getting. | MAgerINQ
Read more »
‘We’ve been had’: Senators lament NGCP profits going to shareholders; review of EPIRA eyedSenators on Wednesday, May 24 expressed their disappointment after officials of the National Grid Corporation of the Philippines (NGCP) confirmed earlier claims that most of its profits went to the pockets its stockholders. ManilaBulletin
Read more »
NGCP to lawmakers: Power grid safe from hackingThe country's grid operator on Wednesday assured lawmakers that the system has safeguards from possible disruption by external entities.
Read more »
American national arrested for fatal hit-and-run in AlcantaraCEBU CITY, Philippines - Police in Alcantara town in southwestern Cebu confirmed arresting a foreigner accused in a hit-and-run that claimed the life of a tri-sikad driver. The suspect was
Read more »
NSC chief Año defends placement of buoys in West PH SeaThe placement of buoys in the West Philippine Sea (WPS) was done for navigational safety and is justified under international laws, the National Security Council (NSC) said Friday.
Read more »
Cops on video footage of P6.7 billion shabu bust to face raps — AbalosCases will be filed against PNP officers who allegedly committed irregularities as seen in the CCTV footage of the seizure of P6.7 billion worth of crystal meth or shabu in October last year, DILG Secretary Benjamin Abalos Jr. said. | FArgosinoINQ
Read more »