The NGCP is asking regulators to recover P177.27 million which it spent for the repair, restoration and rehabilitation of transmission assets and facilities damaged by Typhoon Odette in Visayas and Mindanao in December 2021. Know more:
The National Grid Corporation of the Philippines is asking regulators to recover P177.27 million which it spent for the repair, restoration and rehabilitation of transmission assets and facilities damaged by Typhoon Odette in Visayas and Mindanao in December 2021.
The amount consists of P83,368,402.99 in in Force Majeure Events capital expenditures ,P48,514,284.35 FME operational expenses and P45,391,600.93 in net fixed asset value of the transmission facilities . In particular, NGCP proposed to collect P2.5119 per kilowatt hour in 2023, P0.4249 per kWh in 2024, P0.3780 per kWh in 2025, P0.3466 per kWh in 2026, and P0.3214 per kWh in 2027 in Visayas.NGCP asked the ERC that it immediately grant provisional authority to implement and bill the FM pass through amounts to Visayas and Mindanao customers starting the billing month of January 2023 to December 2027, or until such time that the amounts incurred are fully recovered, it said in its application.
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