NGCP optimistic about ERC decision on rate reset–exec

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The story "NGCP optimistic about ERC decision on rate reset–exec" was covered 2 days ago by Business Mirror, a news publisher based in Philippines.

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NGCP optimistic about ERC decision on rate reset–exec - Business Mirror

Quick Summary:

The National Grid Corporation of the Philippines (NGCP) appealed to regulators to allow the company to recover its expenses for big-ticket projects following the energization at full capacity of the P20.94-billion Mariveles-Hermosa-San Jose Transmission (MHSJ) Line.

For the MHSJ project, the NGCP filed for a project cost of P20.94 billion, but the ERC allowed it to recover only P25.78 million from its customers.

For the two projects, Alabanza said the NGCP only collected P201.78 million as against its investment of P87.7 billion.