THE Energy Regulatory Commission (ERC) identified on Wednesday the power generation companies (GenCos) that failed to submit complete fuel purchase documents. The regulator said Thursday it issued 40 show-cause orders (SCOs) to Anda Power Corporation (APC), Angeles Power Inc. (API), Bukidnon Power Corporation (BPC), Calamian Islands Power, Corp.
THE Energy Regulatory Commission identified on Wednesday the power generation companies that failed to submit complete fuel purchase documents.
According to the ERC, they failed to comply with the directive to submit complete fuel purchase documents necessary in validating the reasonableness of generation charges being passed on to consumers. The GenCos must submit the required documents and a verified explanation within 15 days from receipt of the SCO. They must justify why no administrative penalty should be imposed for their failure to comply with ERC’s directives, in accordance with Sections 43 and 43 of Republic Act No. 9136, or the Electric Power Industry Reform Act , and with the terms of their ERC-approved power supply agreements with various distribution utilities .
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