wjevo Negros power firm seeks ERC’s go signal to operate
The Negros Electric and Power Corp. (NEPC) is seeking the Energy Regulatory Commission’s (ERC) green light to begin its operations after President Ferdinand Marcos Jr. approved its 25-year franchise in July.
The firm hopes to secure provisional authority to make its business up and running while the ERC’s virtual hearing on its application is in progress, according to the document posted on the regulator’s website on Wednesday, October 2.
Article continues after this advertisementThe company filed in July its application for the issuance of a certificate of public convenience and necessity (CPCN), which is a requirement for it to deliver power in the cities of Negros Occidental, namely Bacolod, Silay, Talisay, and Bago, and the municipalities of Don Salvador Benedicto and Murcia.
FEATURED STORIES BUSINESS National ID gives more Filipinos ‘face value BUSINESS BIZ BUZZ: Unwinding Gogoro … quietly BUSINESS Polvoron maker seeks P500 million capital for expansionMore than 220,000 active accounts are expected to be covered by NEPC, a joint venture company between Primelectric Holdings Inc. (PHI) and Central Negros Electric Cooperative (CENECO).
Based on its application, the firm and CENECO were already preparing for the transfer of operations from the latter to the joint venture.
Article continues after this advertisementBoth parties assured that “no such disruption of electric distribution services in the franchise area will occur during the transition of operations.”
Article continues after this advertisement“NEPC has the needed facilities, contracts, and personnel necessary for the operation of the distribution system in the franchise area,” it said.
Article continues after this advertisementThe company stressed it would need a CPCN to “legally operate such assets.”
It also noted the group’s plan to absorb a total of 219 employees of CENECO.
Article continues after this advertisement“This will ensure continuity of operations and a smooth transition as these are the same personnel who operated the distribution system under CENECO and will be the same personnel who will operate such system under NEPC,” it said.
The Negros power firm earlier said it would initially spend P2 billion over five years to rehabilitate and modernize the distribution system.
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