RDC backs NGCP on acquisition of connection/transmission assets proposal

March 23, 2012 9:28 am 

ILOILO CITY, March 22 – The opposition to the proposed takeover of the National Grid Corporation of the Philippines (NGCP) of the connection/transmission assets of the Panay Energy Development Corporation (PEDC) has now the backing of the Regional Development Council (RDC), the highest policy making body in Western Visayas.

A resolution pushed by the Infrastructure Development Committee (IDC) of the RDC was recently approved by the council during its first quarterly meeting.

Mayor Jed Patrick Mabilog said that the support of the RDC will give additional weight to the position of the city government which is also being shared by the business sector here.

Mabilog explained that the takeover might cause the increase of another P1/kilowatt-hour to the existing rate. Consequently, this would cause the revert of the electricity rate when Iloilo City used to be the most expensive in the country.

The mayor said that it is not only the city government that is opposing the takeover but also the PEDC and the Panay Electric Company (PECO), the lone power distributor in the city.

The NGCP has a pending petition with the Energy Regulatory Commission (ERC) seeking approval for its capital expenditure that will be utilized to acquire assets to include those that of the PEDC. (PNA) dct/RSV/ajp/PGL/vlo

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