National Transmission Corporation€¦ · National Transmission Corporation FIT-ALL FUND...
16
National Transmission Corporation FIT-ALL FUND ADMINISTRATION ACCOMPLISHMENT REPORT FOR THE YEAR ENDED DECEMBER 31, 2016 AND QUARTER ENDED MARCH 31, 2017 Photo credit:Rodel Diaz Photography
Transcript of National Transmission Corporation€¦ · National Transmission Corporation FIT-ALL FUND...
National Transmission Corporation
FIT-ALL FUND
ADMINISTRATION ACCOMPLISHMENT REPORT FOR THE YEAR ENDED DECEMBER 31, 2016 AND QUARTER ENDED MARCH 31, 2017
Photo credit:Rodel Diaz Photography
1
2 Feed-in-Tariff Allowance: Runway to Renewable Energy Dependence
Accomplishment
FIT System in the Philippines
3-4
3-4 5
6
7
8
9
10
11-12
Map of Renewable Energy Dependence
Financial Statements
Financial Statements Statements of Financial Position
Statements of Operation
Statements of Cash Flows
Statements of Changes in Fund Balances
Notes to Financial Statements
Financial Highlights
RE’s with Payments as of December 31, 2016
List of Collection Agents
CONTENTS
CONTENTS
FITure Gallery (FIT-All Team in action…) 13
Image by: www.lextalk.com
2
Feed-in Tariff-Allowance: Runway to Renewable Energy Dependence
Consistent with the Energy Reform Agenda (ERA) crafted by the Department of
Energy (DOE) which is anchored on the overall goals of ensuring energy security, achieving
optimal energy pricing and developing a sustainable energy system, the government tapped
the participation of private entities/investors in accelerating the development and use of
potential renewable energy resources. This was made possible through the passage of the
Renewable Energy Act of 2008 (Republic Act 9513) and development of policies needed in
the implementation of the Feed-In-Tariff System provided under the said law.
Under Section 7 of the RE Act, a fixed tariff mechanism for electricity produced from
wind, solar, ocean, run-of-river hydro and biomass was mandated to incentivize renewable
energy technology investors/developers. The Energy Regulatory Commission in consultation
with the National Renewable Energy Board created under Section 27 of the said Act
formulated and promulgated Feed-in Tariff systems rules and policies which serve as guide
for the industry players and RE Developer in the implementation of the FIT System.
Following are the relevant resolutions issued by ERC, among others:
1. ERC Resolution No. 16, Series of 2010 dated July 12, 2010 - Resolution Adopting the
Feed-In-Tariff Rules
2. ERC Resolution No. 10, Series of 12 dated July 27, 2012- Resolution Approving the
Feed-In-Tariff Rates
3. ERC Resolution No. 15, Series of 2012 dated November 19, 2012 – Resolution
Adopting the Position of the Commission on the Published Issues Paper on April 2,
2012 and the Corresponding Amendments to the Feed-In Tariff Rules. This Resolution
served as the legal basis for TransCo’s assignment as FIT-All Administrator.
4. Resolution No. 24, Series of 2013 dated December 13, 2013 – A Resolution Adopting
the Guidelines on the Collection of the Feed-In-Tariff Allowance (FIT-All) and The
Disbursement of the FIT-All Fund
5. Resolution No. 18, Series of 2014 dated November 3, 2014 - A Resolution Approving
the Templates for the Renewable Energy Payment Agreement (REPA) and the
Renewable Energy Supply Agreement (RESA)
6. Resolution No. 14, Series of 2015 dated October 6, 2015 – Resolution Adopting the
Wind Power (Wind-FIT2) Rate
7. Resolution No. 6, Series of 2015 dated March 27, 2015 – Resolution Adopting the New
Solar Feed-In Tariff (FIT) Rate.
3
Accomplishments
A. Sources of Funds
a. FIT-All Collection by Collection Agents from On-
grid Users
Consistent with the FIT-All Guidelines, the
approved FIT-All rate of Php0.0406/kWh for 2015
continued to be implemented in early 2016 until a
new rate had been approved. On February 16,
2016, the ERC issued a Provisional Authority to
implement the FIT-All Rate of Php0.1240/kWh
effective upon the receipt of the order by TransCo.
TransCo received the order on March 22, 2016 and
the new rate was implemented beginning the April
2016 billing. This rate prevails to date.
Summarized below is the FIT-All collection for
CY 2016 and 1st Quarter of 2017:
TransCo has continuously exerted efforts to
communicate with the FIT-All Collection Agents
to remind them of their obligations as Collection
Agents and to advise on matters concerning the
FIT-All.
We are pleased to report that out of 142 Collection
Agents, 139 (98%) thereof has remitted the FIT-
All collection as of March 31, 2017. The
remittances are supported by a Monthly FIT-All
Receivable, Collection and Remittance Report.
However, the following electric cooperatives have
no report, no remittance and remain unresponsive
to date:
1. Abra Electric Cooperative, Inc. (ABRECO);
2. Lanao Del Sur Electric Cooperative, Inc.
(LASURECO); and
3. Maguindanao Electric Cooperative, Inc.
(MAGELCO).
b. Actual Cost Recovery Revenue (ACRR)
Collection/Market Proceeds from the Philippine
Electricity Market Corporation (PEMC) and/or
Host DU.
The table below shows the collection of ACRR
from PEMC/Host DU for CY 2016 and 1st
Quarter of 2017:
We wish to highlight that TransCo observed the
following Effective Cost Recovery Rate (P/kWh)
for BY2016 and as of First Quarter 2017, as
compared to the Forecast Cost Recovery Rate
(FCRR) under the FIT-All Guidelines of 36-
Months Average Load Weighted Average Price
(LWAP) of WESM that is to be used in FIT-All
determination.
4
B. Payment to FIT-Eligible RE Developers
For the period January 2016 until March 2017, the total
payments of FIT Revenue made to FIT-eligible RE
Developers amounted to Php 13,405Mn. This accounts for
only 62.13% of the total outstanding payables of Php
21,578Mn as shown in the table below:
On a monthly basis, TransCo received the following
demands for payment of FIT Differential from FIT-eligible
RE Developers.
It is worthy to note that the prevailing FIT-All rate
of P0.1240/kWh only gave the FIT-All Fund
around Php700Mn to Php750Mn per month. Thus,
it is not surprising that it was in deficit and that FIT
Differential payables were addressed fully only
after seven months. If there will be no upward
adjustment of the FIT-All rate soon, the delay
could increase even further.
TransCo as the FIT-All Fund Administrator
already paid Php128.33Mn in Late Payment
Interest as of March 31, 2017. In addition to the
actual disbursement, TransCo estimates that the
accrued interest that remains unpaid/unbilled
amounts to Php80.113Mn as of March 31, 2017.
C. RE Payment Agreement (REPA)
As of March 31, 2017, a total of 50 REPAs have
been issued and signed by TransCo and RE
Developers as follows:
D. FIT-All Rate Application for CY 2017
TransCo filed before the ERC the application
for approval of the Feed-In Tariff Allowance
for 2017 on December 01, 2016 at the level of
PhP0.2291/kWh. The same shall undergo
public hearings before being resolved by the
ERC.
5
A MAP OF RENEWABLE ENERGY INDUSTRY
AND DEVELOPMENT IN THE PHILIPPINES
6
Feed-in Tariff System
The Feed-in Tariff system is a scheme that involves the obligation on the part of electric
power industry participants to source electricity from RE generation at a guaranteed fixed
price applicable for a given period of time, which shall in no case be less than (12) years, to
be determined by the ERC.
Purpose: This system shall be adopted to accelerate the development of emerging RE
Resources through a fixed tariff mechanism.
Mandate: A FIT system shall be mandated for wind, solar, ocean, run-of-river hydropower,
and biomass energy resources.
Guidelines Governing the FIT System:
1. Priority connections to the grid for electricity generated from emerging RE Resources
such as wind, solar, ocean, run-of-river, hydropower, and biomass power plants
within the territory of the Philippines;
2. The priority purchase, transmission of, and payment for such electricity by grid
system operators;
3. Determination of the fixed tariff to be paid for electricity produced from each type of
emerging RE Resources and the mandated number of years for the application of such
tariff, which shall in no case be less thatn twelve (12) years;
4. Application of the FIT to the emerging RE Resources to be used in compliance with
the Renewable Portfolio Standards (RPS). Only electricity produced from wind, solar,
ocean, run-of-river, hydropower, and biomass power plants covered under the RPS,
shall enjoy the FIT; and
5. Other rules and mechanisms that are deemed appropriate and necessary by the ERC,
in consultation with the NREB, for the full implementation of the FIT System.
_______________ Rules and Regulations Implementing RA 9513, Part II, Rule 2, Section 5
Feed-in Tariff System in the Philippines
Image by: www.renewablekenya.wordpress.com
7
The Commission on Audit (COA) audited the financial transactions of the National Transmission Corporation on March 2017 for the year ending December 31, 2016. Accordingly, the FIT-All transactions were part of the examination. Based on the COA report, no findings or material misstatements were noted on the Financial Statements of the FIT-All Fund.
Statements of Financial Position
As of December 31, 2016
(with comparative figures in December 2015)
In Philippine Peso
Note 2016 2015
ASSETS
Cash In Bank 2,3 448,811,386 320,401,551
Receivables 2,4 478,280,862 144,138,789
TOTAL ASSETS
927,092,248 464,540,340
LIABILITIES AND CAPITAL
Liabilities
FIT-All Fund Payables 2,5 (3,934,091,906) (1,075,791,413)
Accounts Payable-Others 2,6 26,823,397 30,681,792
Due to RE 2,7 4,832,775,995 1,509,296,896
TOTAL LIABILITIES
925,507,486 464,187,275
FIT-All Fund Balance
1,584,762 353,065
TOTAL LIABILITIES AND CAPITAL
927,092,248 464,540,340
Statements of Cash Flows
For the Year Ended December 31, 2016
(with comparative figures in December 2015)
In Philippine Peso
Note 2016 2015
Cash, Beginning of Year
320,401,552
-
Cash Flows from Operating Activities
FIT-All Collections
6,580,283,093 2,079,054,983
CRR Collections
3,654,848,926 977,408,565
Interest on Deposits, net of final tax
562,384 289,542
Payments to REs
(10,030,517,467) (2,735,891,538)
Interest payments
(75,987,102) -
Payments to Trustee Bank
(780,000) (460,000)
Net Cash from Operating Activities
128,409,834 320,401,552
Net Increase in Cash
128,409,834 320,401,552
Cash, End of Year
448,811,386 320,401,552
Statements of Changes in Fund Balances
For the Year Ended December 31, 2016
(with comparative figures in December 2015)
In Philippine Peso
Note 2016 2015
Fund Balances
Fund Balance, Beginning
353,065
-
Add: Net Income
1,231,696 353,065
Fund Balance, End
1,584,761 353,065
Financial Statements
Statements of Operation
For the Year Ended December 31, 2016
(with comparative figures in December 2015)
In Philippine Peso
Note 2016 2015
REVENUES
Interest on Deposit 8 702,979 361,927
Other Income-Interest (Past Due)
9 669,313 63,523
GROSS INCOME
1,372,292 425,450
EXPENSES
Other Taxes 10 (140,596) (72,385)
NET INCOME
1,231,696 353,065
Image by: www.walldevil.com
8
1. GENERAL INFORMATION
The National Transmission Corporation in its capacity as FIT-All Fund
Administrator was tasked with the establishment, management/administration
and disbursement/settlement (thru the Trustee Bank) of the FIT-All Fund under
ERC Resolution No. 15, Series of 2012 issued on 19 November 2012 by Energy
Regulatory Commission pursuant to Republic Act (R.A.) No. 9513, otherwise
known as the Renewable Act of 2008 ("RE Law").
The TransCo Board of Directors under TransCo Board Resolution No. TC 2014-
013 dated May 28, 2014 approved the assumption by TransCo of the role of
FIT-All Fund Administration.
Department of Finance confirmed in its letter dated June 30, 2014 signed by
Secretary Cesar V. Purisima the designation of LBP as the Trustee Bank of the
FIT-All Fund. Consequently, a Trust Agreement between National Transmission
Corporation and LBP was signed on March 2, 2015.
The FIT-All Fund Administration’s office is located at at 3/F, National
Transmission Corporation Main Bldg., Quezon Ave. corner BIR Road, Diliman,
Quezon City.
The accompanying financial statements of FIT-All Fund Administration for the
year Ended December 31, 2015 were authorized for issue by the OIC of
TransCo on January 17, 2017.
2. SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
The accompanying financial statements were prepared on the historical cost
basis and in conformity with accounting principles generally accepted in the
Philippines. The preparation of financial statements in conformity with
generally accepted accounting principles in the Philippines requires the use of
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
financial statements and the reported amounts of revenues and expenses
during the reporting period. These, estimates are based on management's
best knowledge of current events and actions; actual results may ultimately
differ from those estimates.
The accompanying financial statements are presented in Philippine peso, the
functional currency of the Company. All values represent absolute amounts
except when otherwise indicated.
Statement of Compliance
The FIT-All Fund Financial Statements have been prepared in compliance with
Philippine Financial Reporting Standards (PFRS), Philippine Accounting
Standards (PAS), and interpretations issued by the International Financial
Reporting Interpretation Committee (IFRIC).
Financial assets and liabilities
Financial Reporting Standards in the Philippines require certain financial assets
and liabilities to be carried at fair value, which requires use of extensive
accounting estimates and judgments. The amounts of changes in fair value
would differ if different valuation methodology were utilized while significant
components of fair value measurement were determined using verifiable
objective evidence (i.e., foreign exchange rates, interest rates and volatility
rates). Any changes in fair value of such financial assets and liabilities would
affect directly the statements of income and changes in equity.
3. CASH IN BANK
This account consists of the following:
2016 2015
FIT-All Trust 448,582,350 318,870,500
FIT Differential 704 16,068
Cost Recovery Revenue (CRR) 704 23,252
Working Capital Allowance (WCA) 226,926 1,490,574
Disbursement Allowance 700 1,156
TOTAL 448,811,386 320,401,552
4. RECEIVABLES
This account consists of the following:
2016 2017
Receivable-CRR 39,698,314 11,119,410
Receivable-FD 369,638,189 93,891,141
Receivable-WCA 68,944,359 39,128,238
TOTAL 478,280,862 144,138,789
5. FIT-ALL FUND PAYABLES
This account consists of the following:
2016 2015
FIT Payable-CRR 101,900
FITA Payable -FD (3,797,206,474) (1,116,569,925)
FIT Payable-WCA (136,885,431) 40,676,613)
TOTAL (3,934,091,906) (1,075,791,414)
6. ACCOUNTS PAYABLE-OTHERS
This account covers FIT-All collections from Collection Agents not supported
with energy (kWh) sales report.
7. DUE TO RE
This account consists of the following:
2016 2015
Due to RE-FD 4,280,020,621 1,230,033,023
Due to RE-CRR 473,156,217 279,263,873
Due to RE-Accrued Interest 79,599,157
TOTAL 4,832,775,995 392,726,971
8. INTEREST ON DEPOSITS
Interest on Deposits are the interest earned by the FIT-All Fund LBP Trust
Accounts.
9. OTHER INCOME –INTEREST (PAST DUE)
Other Income-Interest (Past Due) refers to the interest charges by PEMC
against late remittances of market proceeds by Distribution Utilities. PEMC
remits the corresponding share of FIT-eligible RE Plants to the interest
collection to TransCo as the FIT-All Fund Administrator. This amount is
added to the FIT-All Fund.
10. OTHER TAXES
Other taxes are the taxes withheld by LBP for the interest earned by the FIT-
All Fund LBP-Trust Accounts.
Notes to Financial Statements
Image by: www.walldevil.com
Image by: www.walldevil.com
9
Financial Highlights
For CY 2016, TransCo as FIT-All Fund Administrator received FIT Revenue
billings from FIT-Eligible RE Developers amounting to Php14,787.04Mn. Of
this, TransCo paid 67.85% given the level of available funds. The 32.15%
remains outstanding as of December 31, 2016.
TransCo recorded FIT-All Receivable amounting to
Php7,022.72Mn for CY2016. Correspondingly, it
has collected Php6,610.96Mn. A portion of the
collection amounting to Php26.82Mn was not
supported by kWh reports or was part of advance
remittance by Collection Agents, hence reflected in
the books as Payables-Others. TransCo observed a
93.75% FIT-All collection efficiency.
As of December 31, 2016, TransCo has
recorded CRR Receivable amounting to
Php3,694.13Mn. The sum of Php3,654.43 was
collected, yielding a CRR collection efficiency
of 98.93%.
10
RE PLANT TECHNOLOGY RE DEVELOPER
Luzon 2.21 MW AGC Biogas Project Biomass AseaGas Corporation
2 mw Biogas Power Plant Project Biomass Asian Carbon Neutral Power Corporation
12.5 MW Rice Husk-Fired Power Plant Biomass Bataan 2020 Inc.
5MW Biomass Power Project Biomass Bicol Biomass Energy Corporation
14 MW GFII Bagasse-Fired Biomass Cogen PP
Biomass Green Future Innovations Inc.
12MW Rice Husk-Fired Biomass PP Biomass Green Innovations for tomorrow Corporation
20MW Rice Husked-Fired Biomass PP Biomass Isabela Biomass Energy Corporation
MMPC Landfill Mehane Recovery & Power Gen. Facility
Biomass Montalban Methane Power Corporation
.876 MW Payatas Landfill Methane Recovery and Power Generation Facility
Biomass Pangea Green Energy Philippines, Inc.
12 MW SJCi Power Rice Husk-Fired Biomass Power Plant Project
Biomass San Jose City I Power Corporation
8MW Villasiga Hydro Power Plant Hydro Sunwest Ware & Electric Company 2
3.8 MW Irisan 1 HEP Hydro HedCor (Aboitiz)
14 MW Sabangan Hydro PP Hydro Hedcor Sabangan, Inc.
2.04 MW Lian Solar Power Plant Solar Absolut Distillers, Inc. (ADI)
15MW Bulacan III Solar PP Solar Bulacan Solar Energy Corporation
4.1 MW Burgos Solar PP Phase 1 Solar Energy Development Corporation (Phase 1)
2.6 MW Burgos Solar Power Plant Phase 2 Solar Energy Development Corporation (Phase 2)
22.33 Clark Solar Power Projest Solar Enfinity Phils Renewable Reources
10.26 MW Cabanatuan Solar Power Plant Solar First Cabanatuan Renewable Ventures Inc.
20 MW Currimao Solar Power Plant Solar Mirae Asia Energy Corporation
50.07 MW Tarlac Solar Power Plant- * Solar PetroSolar Corporation
10.04 MW Pampanga Solar Power Plant (Phase I)
Solar Raslag Corporation(I)
13.14 MW Pampanga Solar Power Plant Phase 2
Solar Raslag Corporation(II)
63.3 Calatagan Solar Power Plant Solar Solar Philippines Calatagan Corporation
1.5 MW SM North Solar Solar Philippines Commercial Roof top Proj.
Inc.
5.02 MW Palauig Solar Power Project Solar SPARC-Solar Powered Agricultural
Communities Corp. (SPACR)
8.5MW Valenzuela Solar PP Solar Valenzuela Solar Energy
2.21 MW AGC Biogas Project Biomass AseaGas Corporation
54 MW Pililia Wind Power Plant Wind Alternergy Wind One Corporation
150 MW Burgos Wind Power Plant Phase I & II(87MW & 63 MW)
Wind EDC Burgos Wind Power Corporation
81 MW Caparispisan Wind Power Plant Wind Northern Luzon Energy Renewable Energy
Corporation
33 MW Bangui Phase I & II Wind Northwind Power Development Corporation-
I&II
18.9 MW Bangui Bay Wind Power Plant Phase III
Wind Northwind Power Development Corporation-III
54 MW San Lorenzo Wind Power Plant Wind Trans-Asia Renewable Energy Corporation
Communal Udlawan HEP Hydro Smith Bell
RE Developers with Payment as of December 31, 2016
Image by: www.pptbackgrounds.org
42 7 MW Tudaya 2 HEP Hydro Hedcor Tudaya, Inc.
43 10.49 MW Kibawe Solar
PPSolar Asian GreenEnergy Corp.
44 6.23MW Centrala Solar
PPSolar
NV VOGT Solar Energy
One , Inc.
Mindanao
ISLAND GROUP RE PLANT TECHNOLOGY RE DEVELOPER
33 21 MW FFHC Bagasse-
Fired Biomass Co. Gen
PP
BiomassFirst Farmers Holdings
Corporation
34 46 MW URC Bagasse-
Fired Biomass Co Gen PP Biomass
Universal Robina
Corporation
35 Sulu Castil la Solar
Power Plant(Palo Solar
Power Project)
SolarSulu Electric Power Light
Phil., Inc.
36 SACASOL Power Plant
Plant A & BSolar
San Carlos Solar Energy
Inc. (A&B)
37 30 MW Ormoc Solar PP SolarPhil. Solar Farm-Leyte,
Inc.
38 SACASOL Power Plant
Plant C & DSolar
San Carlos Solar Energy
Inc. (C&D)
39 132.5 MW Cadiz Solar
Power PlantSolar
Helios Solar Energy
Corporation
40 18 MW Bais Solar PP SolarMonte Solar Energy Inc.
(Montesol)
41 36 MW Nabas Wind PP Wind Petro Wind Energy, Inc.
Visayas
ISLAND GROUP RE PLANT TECHNOLOGY RE DEVELOPER
1 12.5 MW Rice Husk-
Fired Power PlantBiomass Bataan 2020 Inc.
2 5MW Biomass Power
ProjectBiomass
Bicol Biomass Energy
Corporation
3 14 MW GFII Bagasse-
Fired Biomass Cogen PPBiomass
Green Future
Innovations Inc.
4 12MW Rice Husk-Fired
Biomass PPBiomass
Green Innovations for
tomorrow Corporation
5 20MW Rice Husked-
Fired Biomass PPBiomass
Isabela Biomass Energy
Corporation
6 MMPC Landfil l Mehane
Recovery & Power Gen.
Facil ity
BiomassMontalban Methane
Power Corporation
7 .876 MW Payatas
Landfil l Methane
Recovery and Power
Generation Facil ity
BiomassPangea Green Energy
Philippines, Inc.
8 12 MW SJCi Power Rice
Husk-Fired Biomass
Power Plant Project
BiomassSan Jose City I Power
Corporation
9 3.8 MW Irisan 1 HEP Hydro HedCor (Aboitiz)
10 14 MW Sabangan Hydro
PPHydro Hedcor Sabangan, Inc.
11 Communal Udlawan HEP Hydro Smith Bell
12 2.04 MW Lian Solar
Power PlantSolar
Absolut Distil lers, Inc.
(ADI)
13 15MW Bulacan III Solar
PPSolar
Bulacan Solar Energy
Corporation
14 4.1 MW Burgos Solar PP
Phase 1Solar
Energy Development
Corporation (Phase 1)
15 2.6 MW Burgos Solar
Power Plant Phase 2Solar
Energy Development
Corporation (Phase 2)
16 22.33 Clark Solar Power
ProjestSolar
Enfinity Phils Renewable
Reources
17 10.26 MW Cabanatuan
Solar Power Plant Solar
First Cabanatuan
Renewable Ventures Inc.
18 20 MW Currimao Solar
Power Plant Solar
Mirae Asia Energy
Corporation
19 50.07 MW Tarlac Solar
Power Plant- *Solar PetroSolar Corporation
20 10.04 MW Pampanga
Solar Power Plant
(Phase I)
Solar Raslag Corporation(I)
21 13.14 MW Pampanga
Solar Power Plant Phase
2
Solar Raslag Corporation(II)
22 63.3 Calatagan Solar
Power PlantSolar
Solar Philippines
Calatagan Corporation
231.5 MW SM North Solar
Solar Philippines
Commercial Roof top
Proj. Inc.
245.02 MW Palauig Solar
Power ProjectSolar
SPARC-Solar Powered
Agricultural
Communities Corp.
(SPACR)
25 8.5MW Valenzuela Solar
PPSolar Valenzuela Solar Energy
26 14.5 MW Hermosa SolarYH GREEN Energy
Incorporated
27 54 MW Pili l ia Wind
Power PlantWind
Alternergy Wind One
Corporation
28 150 MW Burgos Wind
Power Plant Phase I &
II(87MW & 63 MW)
WindEDC Burgos Wind Power
Corporation
29 81 MW Caparispisan
Wind Power PlantWind
Northern Luzon Energy
Renewable Energy
Corporation
30 33 MW Bangui Phase I &
IIWind
Northwind Power
Development
Corporation-I&II
31 18.9 MW Bangui Bay
Wind Power Plant Phase
III
Wind
Northwind Power
Development
Corporation-III
32 54 MW San Lorenzo
Wind Power PlantWind
Trans-Asia Renewable
Energy Corporation
Luzon
ISLAND GROUP RE PLANT TECHNOLOGY RE DEVELOPER
11
39 Ilocos Norte Electric Cooperative, Inc.
40 Ilocos Sur Electric Cooperative, Inc.
41 Iloilo I Electric Cooperative, Inc.
42 Iloilo II Electric Cooperative, Inc.
43 Iloilo III Electric Cooperative, Inc.
44 Isabela I Electric Cooperative, Inc.
45 Isabela II Electric Cooperative, Inc.
46 Kalinga Apayao Electric Cooperative, Inc.
47 La Union Electric Cooperative, Inc.
48 Lanao Del Norte Electric Cooperative, Inc.
49 Lanao Del Sur Electric Cooperative, Inc.
50 Leyte II Electric Cooperative, Inc.
51 Leyte III Electric Cooperative, Inc.
52 Leyte IV Electric Cooperative, Inc.
53 Leyte V Electric Cooperative, Inc.
54 Maguindanao Electric Cooprative, Inc.
55 Misamis Occidental I Electric Cooperative, Inc.
56 Misamis Occidental II Electric Cooperative, Inc.
57 Misamis Oriental I Electric Cooperative, Inc.
58 Misamis Oriental II Electric Cooperative, Inc.
59 Mountain Province Electric Cooperative, Inc.
60 Negros Occidental Electric Cooperative, Inc.
61 Negros Oriental I Electric Cooperative, Inc.
62 Negros Oriental II Electric Cooperative, Inc.
63 Northern Samar Electric Cooperative, Inc.
64 Nueva Ecija I Electric Cooperative, Inc.
65 Nueva Ecija II Electric Cooperative, Inc. - Area 1
66 Nueva Ecija II - Area 2 Electric Cooperative, Inc.
67 Nueva Vizcaya Electric Cooperative, Inc.
68 Pampanga I Electric Cooperative, Inc.
69 Pampanga II Electric Cooperative, Inc.
70 Pampanga III Electric Cooperative, Inc.
71 Pampanga Rural Electric Service Cooperative, Inc.
72 Pangasinan I Electric Cooperative, Inc.
73 Pangasinan III Electric Cooperative, Inc.
74 Peninsula Electric Cooperative, Inc.
75 Quezon I Electric Cooperative, Inc.
76 Quezon II Electric Cooperative, Inc.
77 Quirino Electric Cooperative, Inc.
78 Samar I Electric Cooperative, Inc.
79 Samar II Electric Cooperative, Inc.
80 San Jose City Electric Cooperative, Inc.
81 Siargao Electric Cooperative, Inc.
82 Sorsogon I Electric Cooperative, Inc.
1 Abra Electric Cooperative, Inc.
2 Agusan Del Norte Electric Cooperative, Inc.
3 Agusan Del Sur Electric Cooperative, Inc.
4 Aklan Electric Cooperative, Inc.
5 Albay Power & Energy Corporation
6 Antique Electric Cooperative, Inc.
7 Aurora Electric Cooperative, Inc.
8 Batangas I Electric Cooperative, Inc.
9 Batangas II Electric Cooperative, Inc.
10 Benguet Electric Cooperative, Inc.
11 Biliran Electric Cooperative, Inc.
12 Bohol I Electric Cooperative, Inc.
13 Bohol II Electric Cooperative, Inc.
14 Bukidnon Second Electric Cooperative, Inc.
15 Cagayan I Electric Cooperative, Inc.
16 Cagayan II Electric Cooperative, Inc.
17 Camarines Norte Electric Cooperative, Inc.
18 Camarines Sur I Electric Cooperative, Inc.
19 Camarines Sur II Electric Cooperative, Inc.
20 Camarines Sur III Electric Cooperative, Inc.
21 Camarines Sur IV Electric Cooperative, Inc.
22 Camiguin Island Electric Cooperative, Inc.
23 Capiz Electric Cooperative, Inc.
24 Cebu I Electric Cooperative, Inc.
25 Cebu II Electric Cooperative, Inc.
26 Cebu III Electric Cooperative, Inc.
27 Central Negros Electric Cooperative, Inc.
28 Central Pangasinan Electric Cooperative, Inc.
29 Cotabato Electric Cooperative, Inc. - Main
30 Davao Del Norte Electric Cooperative, Inc.
31 Davao Oriental Electric Cooperative, Inc.
32 Davao Del Sur Electric Cooperative, Inc.
33 Don Orestes Romualdez Electric Cooperative, Inc.
34 Eastern Samar Electric Cooperative, Inc.
35 First Bukidnon Electric Cooperative, Inc.
36 First Laguna Electric Cooperative, Inc.
37 Guimaras Electric Cooperative, Inc.
38 Ifugao Electric Cooperative, Inc.
FIT-All Collection Agents
Electric Cooperatives (FA01)
LIST OF COLLECTION AGENTS
List of Collection Agents
12
83 Sorsogon II Electric Cooperative, Inc.
84 South Cotabato I Electric Cooperative, Inc.
85 South Cotabato II Electric Cooperative, Inc.
86 Southern Leyte Electric Cooperative, Inc.
87 Sultan Kudarat Electric Cooperative, Inc.
88 Surigao Del Norte Electric Cooperative, Inc.
89 Surigao Del Sur I Electric Cooperative, Inc.
90 Surigao Del Sur II Electric Cooperative, Inc.
91 Tarlac I Electric Cooperative, Inc.
92 Tarlac II Electric Cooperative, Inc.
93 Northern Negros Electric Cooperative, Inc.
94 Zambales I Electric Cooperative, Inc.
95 Zambales II Electric Cooperative, Inc.
96 Zamboanga City Electric Cooperative, Inc.
97 Zamboanga Del Norte Electric Cooperative, Inc.
98 Zamboanga Del Sur I Electric Cooperative, Inc.
99 Zamboanga Del Sur II Electric Cooperative, Inc.
100 Angeles Electric Corporation
101 Bohol Light Company, Inc.
102 Cabanatuan Electric Corporation
103 Cagayan Electric Power and Light Co., Inc.
104 Clark Electric Distribution Corporation
105 Dagupan Electric Corporation
106 Davao Light & Power Co., Inc.
107 Ibaan Electric and Engineering Corporation
108 Iligan Light & Power Co., Inc.
109 La Union Electric Company, Inc.
110 Mactan Electric Company, Inc.
111 Manila Electric Company
112 First Bay Power Corporation
113 Olongapo Electricity Distribution Company, Inc.
114 Panay Electric Company, Inc.
115 San Fernando Electric Light and Power Co., Inc.
116 Subic Enerzone Corporation
117 Tarlac Electric, Inc.
118 Visayan Electric Co., Inc.
119 Cotabato Light and Power Co., Inc.
120 Cotabato Electric Cooperative, Inc. - PPALMA
121 Masinloc Power Partners Co., Ltd.
Private Distribution Utilities (FA02)
Retail Electricity Suppliers (FA03)
122 Aboitiz Energy Solutions, Inc.
123 Advent Energy, Inc.
124 DirectPower Services, Inc.
125 Ecozone Power Management, Inc.
126 First Gen. Energy Solutions, Inc.
127 Global Energy Supply Corporation
128 GN Power Ltd. Co.
129 San Miguel Electric Corporation
130 SN Aboitiz Power-Res, Inc.
131 Team (Philippines) Energy Corporation
132 Phinma Energy Corporation
133 Meralco MPower
134 Kratos RES, Inc.
135 AC Energy, Inc. - RES
136 Manta Energy, Inc.
137 Kepco SPC Power Corporation
138 SMC Consolidated Power Corporation
139 Vantage Energy Solutions and Management Inc.
140 FDC Retail Electricity Sales Corporation
141 Premier Energy Resources Corporation
142 Bac-Man Geothermal, Inc.
143 Mazzaraty Energy Corporation
144 Baguio City Economic Zone
145 Cavite Economic Zone
146 Mactan Electric Company, Inc. - MEZ I
147 Balamban Enerzone Corporation
148 Mactan Enerzone Corporation
149 Lima Enerzone Corporation
150 First Industrial Township Utilities, Inc.
151 Authority of the Freeport Area of Bataan
152 Consort Land, Inc.
153 National Grid Corporation of the Philippines (FA05)
1 Philippine Electricity Market Corporation
2 Davao Del Sur Electric Cooperative, Inc.
3 First Bukidnon Electric Cooperative, Inc.
4 South Cotabato I Electric Cooperative, Inc.
Economic Zones/Special Economic Zones/Freeport/LGUs (FA04)
CRR Collection Agents
13
FITture Gallery (FIT-All Team in action…)
FIT-All Rate Application for CY2016 expository presentations at ERC Pasig, Cebu, and Davao
14
FIT-All Team
Generoso M. Senal
VP in Charge
Eunice F. Bernabe
Charina V. Barsaga
Dinna O. Dizon
Christopher O. Serrano
Atty. Nyerson Dexter Tito Q. Tualla
Rogelyn T. Ronquillo Myrna M. Tulod
Atty. Jayson Obiles
Head, FIT-All Team
Members
Legal Counsels
Jayson O. Ranara
Maricel D. Canlas Girlie T. Mangayabas Image by:jalepheby
15
National Transmission Corporation FIT-All Fund Administration
3/F TransCo Main Bldg. Power Ctr. Quezon Ave. Cor. BIR Rd.
Diliman, Quezon City
Email Add: [email protected] Tel No. : 902-1500 Local 86230/86231/1579
