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+ Follow ELECTRIC POWER INDUSTRY RESTRUCTURING ACT Tag
ELECTRIC POWER INDUSTRY RESTRUCTURING ACT
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 689173
                    [Title] => ERC: Power rates to go up further
                    [Summary] => 

The cost of electricity in the country, already the second highest in Asia next to Singapore, will go up further, energy officials told the House committee on energy yesterday.

[DatePublished] => 2011-05-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097047 [AuthorName] => Jess Diaz [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 333844 [Title] => Napocor allowed to transfer $2.5-B of bonds to PSALM [Summary] => The National Power Corp. (Napocor) has been allowed to transfer $2.5 billion worth of bonds to the Power Sector Assets and Liabilities Management Corp. (PSALM), also securing affirmation that the National Government would continue to guarantee the bonds.

In a report to the Bangko Sentral ng Pilipinas (BSP), the Department of Finance (DOF) said it has approved the transfer of the bonds, pursuant to the provisions of the Electric Power Industry Restructuring Act (EPIRA).
[DatePublished] => 2006-04-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 249474 [Title] => Kanematsu set to submit bids for 2 geothermal projects of PNOC-EDC [Summary] => Kanematsu Corp. of Japan is expected to submit tomorrow its technical bid for the two geothermal projects of PNOC-Energy Development Corp., a ranking company official said.

PNOC-EDC president Paul Aquino said Kanematsu wrote his company a letter requesting that it be given more time to complete the technical bid for the 40-megawatt Northern Negros Geothermal Project (NNGP) and 20-MW Palinpinon optimization project .
[DatePublished] => 2004-05-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 210659 [Title] => Napocor pushes for higher rates [Summary] => Consumers are likely to bear the brunt of increased electricity rates once the Energy Regulatory Commission (ERC) approves the National Power Corp.’s motion for reconsideration seeking to increase power rate charges to the Luzon, Visayas and Mindanao power grids. [DatePublished] => 2003-06-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 199649 [Title] => 4 firms qualified to bid for Negros geothermal project [Summary] => The PNOC-Energy Development Corp. (PNOC-EDC), the geothermal unit of the Philippine National Oil Co. (PNOC), has qualified at least four foreign firms to bid for the 40-MW Northern Negros geothermal project (NNGP).

PNOC-EDC chairman and president Sergio Apostol said the four are Marubeni Corp., Kanematsu Corp., and Mitsubishi Corp., of Japan and Israel’s Ormat Industries, Ltd.

Apostol said the bidding will be for a full turnkey project to include the engineering design, supply, delivery, installation, testing and commissioning of the power facility.
[DatePublished] => 2003-03-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 193169 [Title] => GMA okays Transco privatization plan [Summary] => President Arroyo approved yesterday the privatization plan of the transmission assets of the National Transmission Corp. (Transco).

Energy Secretary Vincent S. Perez, who is also the chairman of the privatization bidding and awards committee, said the President has given her go signal even as she expressed disappointment that the Senate has yet to act on the Transco franchise bill, which has been certified as an urgent economic measure.
[DatePublished] => 2003-01-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 192676 [Title] => PSALM sets sale of Transco assets next week [Summary] => The Power Sector Assets and Liabilities Management Corp. (PSALM) said yesterday it is set to launch next week the much-awaited privatization of the transmission assets of the National Transmission Corp. (Transco).

PSALM president Edgardo M. del Fonso said they will start to release formal notices to local and international newspapers starting on Monday (Jan. 27), inviting expressions of interests from potential bidders.
[DatePublished] => 2003-01-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 165133 [Title] => Pag-amin ng Transco panloloko [Summary] => Tahasan umanong panloloko at isang krimen ang ginawang pag-amin ng National Transmission Corp. (Transco) na ang kanilang mga pasilidad na dapat ay maghahatid ng kuryente sa mga retailers/distributors ay pawang hindi gumagana.

Ito ang binigyang diin ni Sen. Serge Osmeña matapos aminin ni Transco president Asascio Gonzaga sa isinagawang public hearing ng Senate committee on energy na kaya hindi nila mapayagan ang full dispatch ng independent power producers (IPPs) ng Meralco ay dahil na rin sa technical constraints ng kanilang mga pasilidad.
[DatePublished] => 2002-06-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Bansa [SectionUrl] => bansa [URL] => ) [8] => Array ( [ArticleID] => 161776 [Title] => Meralco vows to lower power rates by 60¢/kwh [Summary] => The Manila Electric Co. (Meralco) has vowed to lower its electricity rates by 60 centavos per kilowatthour if allowed to source its power supply from independent power producers (IPPs) outside of the National Power Corp.’s and these IPPs are allowed to operate at maximum capacity and fully dispatched.

The 60-centavo rate reduction is over and above the 85-centavo PPA cut-down directed by President Arroyo.
[DatePublished] => 2002-05-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 161512 [Title] => Meralco rate cut plan gets support [Summary] => Administration and opposition congressmen supported yesterday the plan of Manila Electric Co. (Meralco) to cut its rate by an additional 60 centavos per kilowatt-hour (kwh).

The planned reduction is on top of the 85-centavo-per kwh cut in the purchased power adjustment (PPA) ordered by President Arroyo. Thus, Meralco customers are looking at a possible total reduction of P1.45 per kwh.
[DatePublished] => 2002-05-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) ) )
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