Notice of public hearing on the matter of undertaking a revenue reset for the TRANSCO 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
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:
1.
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:
1.
November 8, 2005 (9:00 A.M. – 12:00 P.M. and 1:00 P.M. –
3:00 P.M.) at Waterfront Insular Hotel located at Lanang, Davao City;
2. November 10, 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;
and
3. 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 the 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.
September 29 , 2005