Invitation to Submit Final Comments on the Draft Rules of the Recovery of Deferred Accounting Adjustment for the Fuel and Purchased Power Costs and Incremental Foreign Currency Exchange Rate by the NPC and NPC SPUG

Notice is hereby given that the 2nd draft of the proposed Rules for the Recovery of Deferred Accounting Adjustment for the Fuel and Purchased Power Costs and Incremental Foreign Currency Exchange Rate by the National Power Corporation (NPC) and NPC Small Power Utilities Group (NPC-SPUG) is posted for submission of final comments (in hard and soft copies) on or before June 2, 2008. Said comments may be sent to tariffs@erc.gov.ph.

The abovementioned rules may be downloaded from the ERC website at www.erc.gov.ph.

2nd draft

May 9, 2008

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