11 October 2005
Notice of Public Hearing
Republic of the Philippines
ENERGY REGULATORY COMMISSION
San Miguel Avenue, Pasig City
IN THE MATTER OF UNDERTAKING A
REVENUE RESET FOR THE NATIONAL
TRANSMISSION AND ANY FUTURE
CONCESSIONAIRE THEREOF FOR THE
PERIOD 2006 TO 2010 IN ACCORDANCE
WITH THE ALTERNATIVE FORM OF
RATE SETTING METHODOLOGY UNDER
TRANSMISSION WHEELING RATE
GUIDELINES (TWRG)
ERC CASE NO. 2005-041RC
NATIONAL TRANSMISSION
CORPORATION (TRANSCO) AND
POWER SECTOR ASSETS AND
LIABILITIES MANAGEMENT
CORPORATION (PSALM),
DOCKETED
Date: SEP 29, 2005
Applicants.
x-------------------------x
NOTICE OF PUBLIC HEARING
TO ALL INTERESTED PARTIES:
Notice is hereby given of the filing by applicants National Transmission Corporation (TRANSCO) and Power Sector Assets and Liabilities Management Corporation (PSALM) on September 22, 2005 of an application for approval of a revenue reset for TRANSCO and any future concessionaire thereof for the period 2006 to 2010 under the Transmission Wheeling Rate Guidelines (TWRG). In the said application, TRANSCO and PSALM prayed for the approval of, among others, its proposed: a) Regulatory Asset Base (RAB); b) Capital Expenditure (CAPEX); c) Operating Expenditure (OPEX); and d) Weighted Average Cost of Capital (WACC). A determination by the Commission of the said proposals leading to a revenue reset would pave the way for revised/adjusted rates to be authorized TRANSCO to charge its customers. The Commission has set the said application for hearing, particularly for expository purposes, on the following dates and venues:
October 17, 2005 (9:00 A.M. – 12:00 P.M. and 1:00 P.M. – 4:00 P.M.) at Waterfront Insular Hotel located at Lanang, Davao City; 2. October 18,2005 (10:00 A.M. – 12:00 P.M. and 1:00 P.M. – 5:00 P.M.) at the ERC Hearing Room, 15th Floor, Pacific Center Bldg, San Miguel Avenue, Ortigas Center, Pasig City; and 3. October 20,2005 (9:00 A.M. – 12:00 P.M. and 1:00 P.M. – 4:00 P.M.) at Holiday Plaza Hotel located at F. Ramos St., Cebu City.
Thereafter, another set of public hearings for presentation of evidence by both applicants and oppositors/intervenors is hereby scheduled as follows:
November 8, 2005 (9:00 AM. – 12:00 P.M. and 1:00 P.M. – 3:00 P.M.) at
Waterfront Insular Hotel located at Lanang, Davao City;
November 10, 2005 (9:00 AM. – 12:00 P.M. and 1:00 P.M. – 4:00 P.M.) at Holiday Plaza Hotel located at F. Ramos St., Cebu City.
November 11, 2005 (10:00 A.M. – 12:00 P.M and 1:00 P.M. – 5:00 P.M.) at the ERC Hearing Room, 15th Floor, Pacific Center Bldg, San Miguel Avenue, Ortigas Center, Pasig City.
Such parties who may wish to have details of the application and who shall have manifested to the Commission their desire and intention to participate actively in the proceedings, may request that they be furnished with copies of the application by the applicant, which is hereby directed to furnish the parties making such request with copies of the application and its attachments taking into consideration the abovementioned deadlines. Likewise, any such interested party may examine the application and other pertinent records filed with the Commission during the usual office hours or download the same from the Commission’s website at www.erc.gov.ph.
Considering the complexity of the issues to be subjected to public consultation, the following procedure shall be enforced by the ERC:
I.)All interested parties may submit their written comments/oppositions (soft copies may be sent to info@erc.gov.ph) on the application not later than November 18, 2005;
II.) Parties who have filed their written comments on or at least manifested their intent in writing to participate in the proceedings before the date of the scheduled expository public consultation would be given priority in participating in the said public consultations; and
III.) Parties of record are not required to be represented by a lawyer but are strongly advised to have technical experts with knowledge of accounting, finance, economics, engineering and pricing issues present with them during the public consultation.
WITNESS, the Honorable RODOLFO B. ALBANO, JR., Chairman, and the Honorables JESUS N. ALCORDO, RAUF A. TAN and ALEJANDRO Z. BARIN, Commissioners, Energy Regulatory Commission, this 28th day of September, 2005 at Pasig City.
MARIA TERESA A. R. CASTAÑEDA
Executive Director III
ENERGY REGULATORY COMMISSION
San Miguel Avenue, Pasig City
IN THE MATTER OF UNDERTAKING A
REVENUE RESET FOR THE NATIONAL
TRANSMISSION AND ANY FUTURE
CONCESSIONAIRE THEREOF FOR THE
PERIOD 2006 TO 2010 IN ACCORDANCE
WITH THE ALTERNATIVE FORM OF
RATE SETTING METHODOLOGY UNDER
TRANSMISSION WHEELING RATE
GUIDELINES (TWRG)
ERC CASE NO. 2005-041RC
NATIONAL TRANSMISSION
CORPORATION (TRANSCO) AND
POWER SECTOR ASSETS AND
LIABILITIES MANAGEMENT
CORPORATION (PSALM),
DOCKETED
Date: SEP 29, 2005
Applicants.
x-------------------------x
NOTICE OF PUBLIC HEARING
TO ALL INTERESTED PARTIES:
Notice is hereby given of the filing by applicants National Transmission Corporation (TRANSCO) and Power Sector Assets and Liabilities Management Corporation (PSALM) on September 22, 2005 of an application for approval of a revenue reset for TRANSCO and any future concessionaire thereof for the period 2006 to 2010 under the Transmission Wheeling Rate Guidelines (TWRG). In the said application, TRANSCO and PSALM prayed for the approval of, among others, its proposed: a) Regulatory Asset Base (RAB); b) Capital Expenditure (CAPEX); c) Operating Expenditure (OPEX); and d) Weighted Average Cost of Capital (WACC). A determination by the Commission of the said proposals leading to a revenue reset would pave the way for revised/adjusted rates to be authorized TRANSCO to charge its customers. The Commission has set the said application for hearing, particularly for expository purposes, on the following dates and venues:
October 17, 2005 (9:00 A.M. – 12:00 P.M. and 1:00 P.M. – 4:00 P.M.) at Waterfront Insular Hotel located at Lanang, Davao City; 2. October 18,2005 (10:00 A.M. – 12:00 P.M. and 1:00 P.M. – 5:00 P.M.) at the ERC Hearing Room, 15th Floor, Pacific Center Bldg, San Miguel Avenue, Ortigas Center, Pasig City; and 3. October 20,2005 (9:00 A.M. – 12:00 P.M. and 1:00 P.M. – 4:00 P.M.) at Holiday Plaza Hotel located at F. Ramos St., Cebu City.
Thereafter, another set of public hearings for presentation of evidence by both applicants and oppositors/intervenors is hereby scheduled as follows:
November 8, 2005 (9:00 AM. – 12:00 P.M. and 1:00 P.M. – 3:00 P.M.) at
Waterfront Insular Hotel located at Lanang, Davao City;
November 10, 2005 (9:00 AM. – 12:00 P.M. and 1:00 P.M. – 4:00 P.M.) at Holiday Plaza Hotel located at F. Ramos St., Cebu City.
November 11, 2005 (10:00 A.M. – 12:00 P.M and 1:00 P.M. – 5:00 P.M.) at the ERC Hearing Room, 15th Floor, Pacific Center Bldg, San Miguel Avenue, Ortigas Center, Pasig City.
Such parties who may wish to have details of the application and who shall have manifested to the Commission their desire and intention to participate actively in the proceedings, may request that they be furnished with copies of the application by the applicant, which is hereby directed to furnish the parties making such request with copies of the application and its attachments taking into consideration the abovementioned deadlines. Likewise, any such interested party may examine the application and other pertinent records filed with the Commission during the usual office hours or download the same from the Commission’s website at www.erc.gov.ph.
Considering the complexity of the issues to be subjected to public consultation, the following procedure shall be enforced by the ERC:
I.)All interested parties may submit their written comments/oppositions (soft copies may be sent to info@erc.gov.ph) on the application not later than November 18, 2005;
II.) Parties who have filed their written comments on or at least manifested their intent in writing to participate in the proceedings before the date of the scheduled expository public consultation would be given priority in participating in the said public consultations; and
III.) Parties of record are not required to be represented by a lawyer but are strongly advised to have technical experts with knowledge of accounting, finance, economics, engineering and pricing issues present with them during the public consultation.
WITNESS, the Honorable RODOLFO B. ALBANO, JR., Chairman, and the Honorables JESUS N. ALCORDO, RAUF A. TAN and ALEJANDRO Z. BARIN, Commissioners, Energy Regulatory Commission, this 28th day of September, 2005 at Pasig City.
MARIA TERESA A. R. CASTAÑEDA
Executive Director III
