NGCP seeking Php113M recovery from storm damages
- November 3, 2021
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The National Grid Corporation of the Philippines (NGCP) has appealed to the Energy Regulatory Commission (ERC) to allow the recovery of Php113.3 million it spent to repair transmission assets and facilities damaged by various storms last year.
Based on a BusinessMirror report, NGCP said the amount was used to restore its facilities struck by Typh
The amount consists of Php77.8 million in Force Majeure Events, capital expenditures, and operational expenses; and another Php35.5 million in net fixed asset value of the transmission facilities.
Should the r
NGCP particularly proposed to collect Php0.0012 per kilowatt hou
The grid operator argued t