Lunes, Nobyembre 24, 2014

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ERC okays power supply deal between SMC unit, Bicol co-op

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MANILA, Philippines - The Energy Regulatory Commission (ERC) has approved the contract allowing San Miguel Energy Corp. (SMEC) to sell power to an electric cooperative in Bicol.
Under the deal, SMEC, the energy arm of the San Miguel conglomerate, can now supply power to Sorsogon II Electric Cooperative Inc. (Soreco II) for two years.
“The Commission provisionally approves the energy supply contract between Sorsogon II Electric Cooperative Inc. and SMEC,” the regulator said.
Soreco II and SMEC filed an application for the energy supply contract in September last year.
The parties said the contract of state-run National Power Corp. (Napocor) to supply electricity to Soreco II has already expired.
Soreco II said it is mandated by the Electric Power Industry Reform Act to ensure the quality, reliability, security and affordability of its power supply.
It has the obligation to supply electricity in its captive market at the most affordable cost, it added.
“There is a necessity for the immediate and provisional approval of the instant application in order that there will be no undue disruption in the power supply,” Soreco II and SMEC said.
SMEC owns the 1,292-megawatt (MW) Sual coal-fired thermal power plant in Pangasinan that is operated by TeaM Energy Corp. The power plant is composed of two units with an installed capacity of 647 MW.
Under the contract, SMEC will sell between 4,000 MW-hours (mwh) to 6,000 mwh of power per month to Soreco II. SMEC will deliver the power at a voltage of 13,800 kilovolts.
“The applicable fees of Soreco II’s contracted monthly or hourly energy consumption are broken down into hourly rates,” ERC said. Rates vary from P2 to P6 per kilowatthour depending on the day and time of delivery.
Other existing customers of SMEC include Camarines Sur 1 Electric Cooperative, Quanta Paper, Ilocos Norte Electric Cooperative, Central Azucarrera de Tarlac and Isabela 1 Electric Cooperative.



Gov’t wants to take over Maguindanao electric utility

GENERAL SANTOS CITY (MindaNews / 20 Nov) – On the eve of the fifth anniversary of the Ampatuan Massacre, electricity supply for the entire province of Maguindanao is in danger of being cut off because of the P800-million debt incurred by its electric utility cooperative.
Energy Secretary Carlos Jericho Petilla said because the Maguindanao Electric Cooperative (MAGELCO) cannot pay its debts, the government plans to take over the power cooperative similar to what it did to another cash-strapped utility, the Lanao del Sur Electric Cooperative (LASURECO).
“We want to support MAGELCO so it can implement an effective collection system. We want to know if they need military muscle like LASURECO,” Petilla said.
The energy secretary said the government took control of LASURECO this year after its debts ballooned to P8 billion.
He said the government fielded soldiers and tanks to help LASURECO collect the electricity bills from Lanao del Sur consumers.
“We can do a similar operation here in the case of Maguindanao cooperative,” Petilla said.
He said MAGELCO failed to pay its bills for several years, resulting to the accumulation of interest on the unpaid principal.
He blamed the Ampatuan family of the financial mess of MAGELCO.
“First, the Ampatuan family did not pay their bills. When the collectors try to collect from the other consumers, these people run to the Ampatuans. The bills became unpaid,” Petilla said.
He said suppliers have presently cut off electricity to Maguindanao from 10 megawatts to only 2 megawatts because of the huge debt.

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BECAUSE NOYNOY COJUANGCO AQUINO GAVE THEM ALL THE OPPORTUNITIES FOR MAKING MONEY. 

SOBRANG TAKAW AT GAHAMAN NG MGA TAONG ITO.

WE NEED A NATIONAL REVOLUTION.