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Download PDF File Subic bay news vol 12 no 52 20.00Php Tapas Bar and Restaurant 2nd Floor Subic Gas Bldg 724, Dewey Avenue, Subic Bay Freeport Zone Art Exhibit Kicks off National Autism Consciousness Week at SM Olongapo Central In celebration of the National Autism Consciousness Week, SM Olongapo Central in coordination with Autism Society of the Philippines (ASP) Olon- gapo Chapter has launched An Art Ex- hibit that features the works of Miguel Calapatia, a child with autism. The -ex hibit will run from January 20-26, 2020. “Thank you to SM for the won- The ceremonial ribbon cutting to formally open the art exhibit and to kick off the National Autism Consciousness Week. (From L to derful accommodation during the open- R) SM Olongapo Central Asst. Mall Manager Ariel Ferrer, City Councilor Lugie Lipumano-Garcia, ASP President Olongapo chapter ing of the Autism Consciousness Week Atty. Soledad Santos, the artist Miguel Calapatia, ASP VP Olongapo chapter Dr. David Calapatia. and ribbon cutting ceremony of Miguel’s painting exhibit,” Dr. David Calapatia, the vice president of ASP Olongapo chapter said. City Councilor and Chairman of the Committee on Social Services Lugie Lipumano-Garcia remarked, “ For those who understand Autism, we have the greatest responsibility to educate others, this is not a disease, let us be open-mind- ed and let us help them and be aware of such existence and let us always be part of them.” To culminate the event, ASP to- gether with SM Olongapo Central and SM Olongapo Downtown will hold the annual ANGELS WALK for Autism on 26 January 2020 simultaneously with SM MOA, SM Bacolod, SM Cebu, SM Davao and SM Lucena. The walk will start at 7:30 am from SM Olongapo Downtown to SM Olongapo Central, a short program follows that will showcase the talents of children with autism. Since it began in 2007, the walk continues to advocate for acceptance, accommodation and appreciation of Fili- pinos with autism towards an Autism-OK (From R-L) the artist Miguel Calapatia(4th), ASP VP Olongapo chapter Dr. David Calapatia, City Councilor Lugie Lipumano-Garcia, Philippines. ASP President Olongapo chapter Atty. Soledad Santos, SM Olongapo Central Asst. Mall Manager Ariel Ferrer, SM Olongapo Cen- tral PR Manager Nette Mortel, Millette Sarmiento-master teacher SPED coordinator at Gordon Hgts. I Elem. School. U.S. Ambassador Kim Announces Php 5.1 million in Relief Assistance for Communities Affected by Taal Volcano Nasugbu, Batangas — During a visit to ing relief supplies including soap, sleep- a school serving as an evacuation cen- ing mats, and blankets, to nearly 7,600 ter in Nasugbu, Batangas on January people in the Nasugbu West Central 22, U.S. Ambassador to the Philippines School evacuation center in Batangas. Sung Y. Kim announced the provision of While at the evacuation site, the Php 5.1 million ($100,000) in U.S. gov- Ambassador spoke with families who ernment support to those affected by were forced to evacuate their homes. the January 12 Taal volcanic eruption. “I’m inspired by the strength and resil- Ambassador Kim also joined Philippines ience of these families who faced such Disaster Resilience Foundation (PDRF) devastation and loss following the vol- partners to distribute supplies to evac- canic eruption. As friends, partners, and uees in Calatagan. allies to the Philippines, we will continue With this new funding, the Unit- to support our Philippine government ed States government, through U.S. counterparts as they work to address the Agency for International Development needs of those communities most affect- (USAID) partner World Vision, is provid- ed by the eruption.” In Calatagan, Ambassador Kim thanked PDRF companies for their as- sistance to evacuees. “I have been very encouraged to see the private sector – American companies alongside Philip- pine companies – mobilize to address ur- gent needs of communities following the Taal volcanic eruption.” PDRF is a major private sector vehicle and coordinator for disaster management in the Philip- Branch: 1677 Rizal Ave., West Tapinac,Olongapo City pines. This newly announced U.S. assis- tance complements existing support to transport emergency supplies to evacu- ees, provide technical assistance to man- age evacuation centers, and loan special- ized equipment and analytic support to monitor the Taal volcano. Subic Bay News www.subicbaynews.com 02 Republic of the Philippines Annex Document ENERGY REGULATORY COMMISSION San Miguel Avenue, Pasig City E Amortization Schedule for the loan secured from Robinsons Bank F Actual amount of drawdown released by Robinsons Bank, the dates the IN THE MATTER OF THE APPLICATION FOR AUTHORITY applicant received said amounts, and exchange rate at the time of the TO SECURE LONG TERM receipt of the same LOANS WITH ANY BANKING G Sales Invoice of the lot and building purchased to which the proceeds of /FINANCIAL INSTITUTION AND the loan will be utilized MORTAGAGE ITS PROPERTIES H Details, specifications and estimated cost of the building renovation ERC CASE NO. _________ I List of fixed assets acquired and the expenses incidental to said acquisition derived from the proceeds of loan, indicating the cost of OLONGAPO ELECTRICITY DISTRIBUTION COMPANY, INC., each type of fixed asset and its date of acquisition Applicant. J Details, specifications and estimated cost of the Kale Substation project X -----------------------------------------X to which the proceeds of the loan will be utilized K Computation of impact to rates APPLICATION L Computation of financial ratios Applicant Olongapo Electricity Distribution Company, Inc. (“OEDC”), thru counsel M Justification, study, computation and benefits resulting from securing and unto this Honorable Commission respectfully states that: loans N Application for CAPEX Projects of Olongapo Electricity Distribution 1. Applicant is a corporation duly organized and existing under Philippine Company, Inc. docketed as ERC Case No. 2017-030 RC law, with principal office address at 1170 Rizal Avenue East Tapinac Olongapo City, and is franchised under Republic Act No. 10373 to construct, own, operate and maintain an 13. Applicant manifests that it has complied with the pre-filing requirements in electric distribution system in the City of Olongapo and its suburbs. accordance with the Implementing Rules and Regulations of the EPIRA and Rule 6 of ERC Rules of Practice and Procedure. Below are the documents as proof of the compliance: 2. Prior to this filing, OEDC’s Application for the Approval of Capital Expen- diture Projects docketed as ERC Case No. 2017-030 RC included a provision for the acquisi- tion of lot and building for office. Since OEDC started its operation in June 2013, it has only Annex Document been renting premises for its employees’ office and collection office. Hence, after a careful O Secretary’s Certificate search of the suitable property and conduct of due diligence, OEDC decided to purchase P Certification from the Legislative Body of Olongapo City its own lot. Property acquired has an existing building which was improved and at the Q Affidavit of Publication by the Newspaper Editor moment housed the members of its Engineering Services Division and Customer Services Division. Future plan is to construct a new building appropriate to house all including the R Copy of newspaper where copy of the Application was published other employees still holding office in another rented building. 3. Alongside with the provision for the acquisition of lot and building, OEDC 14. The approval of this application will enable OEDC to finance the acqui- also included in its CAPEX Application in 2017 (ERC Case No. 2017-030 RC), the develop- sition of lot and building for office, development of a new 15MVA Kale Substation and ment of a new 15MVA Kale Substation and switchyard. Over the next ten years, OEDC switchyard and other capital expenditure projects that will ultimately promote public in- expects the total peak demand in its franchise area to increase from the present peak terest and convenience because it will facilitate OEDC to provide adequate and reliable demand of about 32.9 MW to 43.5 MW at the rate of annual growth of 1.56% using Ener- electric service to support the fast growing socio-economic development of its franchise gy Utilization Index (EUI) forecasting method. Because of this expected load growth, it is area. imperative for OEDC to upgrade its substation transformer and distribution system. PRAYER 4. Both capital expenditure projects, the acquisition of lot and building for WHEREFORE, it is most respectfully prayed that the Honorable Commission grants office and upgrading of a 10MVA to a 15MVA Kale substation and switchyard necessarily OEDC the authority to incur the loans and enter into the loan agreement and mortgage its require funding. properties to the creditors as security for said loans. 5. While OEDC has internally generated funds at its disposal, said funds also answer for other payments and operating obligations of OEDC and will not be adequate to Other relief as may be deemed just and equitable are also prayed for. finance the company’s activities in full. Thus, OEDC has initially negotiated for long-term loans from banks in the amount of Php40 Million. An additional Php82 Million is still under Olongapo City for Pasig City, 23 January 2020. negotiation with other financial institutions. 6. Moreover, with a view to serve the forecasted load growth, OEDC will ANALITA E. OCAMPO-FALLET have to undergo other capital expenditure projects. These capital expenditure projects are Counsel for Applicant OEDC intended to improve OEDC’s system capacity, reliability, efficiency; to comply with safety 1170 Rizal Avenue East Tapinac Olongapo City requirements; and to meet the growing demand of the electricity consumers in Olongapo PTR No. 8598412 / 2 January 2020 / Olongapo City City. Thus, OEDC would still coordinate with other banks and financial institutions to match IBP No. 09084/14 April 2010/Zambales the financial needs for the implementation of these other capital expenditure projects.
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