Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Wednesday, 13 December 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << December 2017 >> 
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2006/10/09

Energy board orders NVizcaya power coop to refund P73M for consumers

BAYOMBONG, Nueva Vizcaya (9 October) -- The energy Regulatory Commission (ERC) recently ordered the Nueva Vizcaya Electric Cooperative (NUVELCO) here to repay its member consumers P73 million for overcharging over the implementation of the Purchased Power Adjustment (PPA) scheme.

In a 10-page order, the ERC directed NUVELCO to refund its member consumers P0.1992 per kilowatt hour for each consumer. This means that every 10 kilowatt hour used by every consumer should be paid back to them at P1.992.

The order was know during the recent public hearing by NUVELCO regarding the proposed rate hike and its subsequent plan for a multi-million peso loan to improve its services.

But Lloyd Valdez, NUVELCO board chair said they have filed a motion for reconsideration before the ERC on the ground that the cooperative cannot afford to implement the order because of its poor financial standing.

"We had been following the computation made by the former Energy Regulatory Board (ERB). However, when the ERB was changed into a commission, the computation was revised which resulted to overcharging," Valdez said.

Valdez said that despite their appeal, they will abide by the ERC order, saying they should be allowed to return the amount in a staggered basis. (PIA NVizcaya) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»CEO EXCEL Awards deadline reset to Oct. 16; forum slated
»Commentary: The people have the right to be informed
»Bridge board richer by P110-T
»Cebu sets up home-based day care centers in 10 barangays
»Commentary: Pope, Queen messages elate President Arroyo
»NVizcaya coop, nominee for gender development award
»Energy board orders NVizcaya power coop to refund P73M for consumers
»Dengue kills 7 in Cagayan Valley
»Assorted fruit trees proposed for NVizcaya watershed
»DOE assures transparency in ongoing probe of electricity spot market
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines