Gatchalian says that the National Grid Corp. of the Philippines must return to consumers the fees it collected for the electricity transmission projects that have not been completed. | MRamosINQ /PDI
Gatchalian, the Senate energy committee vice chair, said he has asked ERC Chair Monalisa Dimalanta to compute the total charges that NGCP had collected for the transmission projects that it failed to deliver on time.
“[NGCP] should return that money to us,” he said. “And they should not only refund that amount. They should also be penalized [by the ERC] for that.” NGCP said that, in contrast, capital expenditures from 2003 to 2008 — when it was still run by the government — amounted to only P33 billion. As for the delayed projects being mentioned by lawmakers, NGCP earlier blamed mobility restrictions at the height of the COVID-19 pandemic and right-of-way issues.
Alabanza said the company has invested some P300 billion into the transmission system which has resulted in such benefits as lower power rates.
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