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Home arrow ULAT Kooperatiba arrow March-April 2015 arrow PHASE 2 ACQUISITION OF TRANSCO VARIOUS SUBTRANSMISSION ASSET

 
PHASE 2 ACQUISITION OF TRANSCO VARIOUS SUBTRANSMISSION ASSET   Print  E-mail 

After preparation of required documents and evidentiary hearing, last January 29, 2014, Energy Regulatory Commission (ERC) released its decision for ERC Case no. 2013-192 RC "IN THE MATTER OF THE APPLICATION FOR THE APPROVAL OF THE SALE OF VARIOUS SUBTRANSMISSION LINES/ASSETS OF THE NATIONAL TRANSMISSION CORPORATION (TRANSCO) TO PENINSULA ELECTRIC COOPERATIVE INC (PENELCO), AS COVERED BY LEASE PURCHASE AGREEMENT (LPA) DATED DECEMBER 19, 2011". These assets are:

Subtransmission Assets for Sale to PENELCO EPZA Mariveles 69kV Line Orion Tap PNPP 69kV Line (230kV structure) Calaguiman Tap BPPMI 69kV Line ERC approved the sale of these assets to PENELCO in the amount of Ninety Four Million Five Hundred Fifty One Thousand Seven hundred Sixty Eight and 97/100 pesos (PhP 94,551,768.97).

"Sub transmission Assets" refer to the facilities related to the power delivery service below the transmission voltages and based on the functional assignment of assets including, but not limited to step-down transformers used solely by load customers, associated switchyard/substation, control and protective equipment, reactive compensation equipment to improve customer power factor, overhead lines, and the land such facilities equipment are located. These include NPC assets linking the transmission system and the distribution systems which are neither classified as generation nor transmission as defined in EPIRA LAW.

Upon formulation of R.A. 9136 also known as EPIRA Law, TRANSCO shall negotiate with and thereafter transfer such functions, assets, and associated liabilities to the qualified distribution utility or utilities connected to such sub transmission facilities. The TRANSCO shall grant concessional financing over a period of twenty (20) years.

The installment payments to TRANSCO for the acquisition of sub transmission facilities shall be given first priority by the electric cooperatives out of the net income derived from such facilities.

BENEFITS OF ACQUISITION OF SUBTRANSMISSION ASSETS

a. All customers directly connected to the sub transmission assets will be turned over to PENELCO that will result to increase in sales.

b. It will have a large impact in the reduction of system loss.

c. Ensures reliability of the line through decrementing the down time caused by abnormal conditions.

d. Anticipating the open access, PENELCO will benefit through revenue in utilizing the newly acquired assets.

Next step will be the submission of maintenance program of PENELCO to these assets to ensure the reliability of the system. The National Grid Corporation of the Philippines (NGCP) together with TRANSCO will conduct orientation and training prior to the operation and maintenance of the newly acquired assets.

Likewise, the acquisition of various sub transmission assets will contribute to lower electric rates among other. Lower rates means more locators will invest to the province of Bataan and more investor means more job will be created. This will be PENELCO's first step for excellence and achievement in supplying quality electricity in affordable price to every consumer. PENELCO is accepting the challenge in providing more reliable, efficient electric service in partnership with TRANSCO, NGCP and others.





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