Republic of the Philippines
San Miguel Avenue Pasig City
On March Misamis Occidental II Electric Cooperative, Inc. (MOELCI II) and FDC Misamis Power Corporation (FDC Misamis) filed a Joint Application seeking the Commission's approval of their Energy Power Purchase Agreement (EPP A) including therein a prayer for provisional authority. .
Relative to their prayer for provisional authority, Applicants On May pursuant to the Commission's power to provisionally approve Power Supply Agreements (PSAs) as provided under Section 4(e), Rule 3 of the Implementing Rules and Regulations of R.A. 9136, or the Electric Power Industry Reform Act of (EPIRA-IRR), the Commission issued an Order granting Applicants provisional author~t;); implement their PSA, the ERC CASE NO. RC ORDER/ APRIL
WHEREFORE, the foregoing premises considered, the Commission hereby PROVISIONALLY APPROVES the Electric Power Purchase Agreement (EPPA) between Misamis Occidental II Electric Cooperative, Incorporated (MOELCI II) and FDC Misamis Power Corporation (FDC MISAMIS), subject to the following conditions:
The applicable generation rate shall be as follows:
Rates PhPl,469.87/kW month PhPlOO.64 kW month PhP3.034/kWh
The foregoing applicable generation rate shall be subject to adjustments based on the formula provided in the EPPA;
3. The final generation cost that can be recovered shall be determined by the Commission in its Decision in the instant application; and
4. In the event that the final rate is higher than that provisionally granted, the resulting additional charges shall be collected by FDC MISAMIS from MOELCIII. On the other hand, if the final rate is lower than that provisionally granted, the amount corresponding to the reduction shall be refunded by FDC MISAMISto MOELCIII.
SOORDERED.
Inasmuch as the Commission has initiated the evaluation of the Application taking into consideration all submissions made by the parties before it, prudence dictates that a meticulous review of every detail thereof be made in furtherance of the policies of the State enunciated in Section of the EPIRA, to wit:
Section Declaration of Policy - It hereby policy ERCCASENO. RC ORDER/ APRIL
(b) To ensure the quality, reliability, security and affordability of the supply of electric power;
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(f) To protect the public interest as it is affected by the rates and services of electric utilities and other providers of electric power;
WHEREFORE, premises considered, the provisional authority granted to Applicants MOELCI II and FDC Misamis as embodied in the Order dated May is hereby EXTENDED until revoked or made permanent by this Commission.
Pasig City, April
JOSE VICENTE B. S Chairman and CEO
(on leave] ALFRED6J. NON GLORIA VICTORIA C. YAP-TARDC Commissioner Commissioner
(on leave] JOSEFINA PATRI MAGPALE-ASIRIT GERONIMO D. STA. ANA Co Commissioner
. ERC CASE NO. 2015-032 RC ORDER/ 26 APRIL 2016
Counselfor MOELCI II 1906, Bontong Camaman-an, Cagayan de Oro City
Counselfor FDC MISAMIS floor, Robinsons-Equitable Tower, 4, ADB Avenue corner Poveda street, Ortigas Center, Pasig City
Applicant Circumferential Road, Bitoon, Ozamis City, Misamis Occidental
Applicant 23rd Floor, PBCom Tower, 6795, Ayala Avenue corner Rufino street, Makati City
134 Amorsolo Street, Legaspi Village, Makati City
Commonwealth Avenue, Quezon City
GSIS Bldg. Roxas Blvd., Pasay City
Batasan Hills, Quezon City
Campus Avenue corner Park Avenue, McKinley Town Center, Fort Bonifacio, Taguig City
Province of Misamis Occidental
Province of Misamis Occidental
Ozamiz City
Ozamiz City / ERC CASE NO. RC ORDER/ APRIL
Tangub City
local legislative Tangub City
Municipality of Bonifacio
local legislative Municipality of Bonifacio
of the Municipality of Clarin
of the local legislative Municipality of Clarin
Municipality of Jimenez
local legislative Municipality of Jimenez
Municipality of Panaon
local legislative Municipality of Panaon
Municipality of Sinacaban
local legislative Municipality of Sinacaban
of the Municipality of Tudela
of the local legislative Municipality of Tudela
'7th Floo" P,dfi, Conte" S,n ,,",u,1 Avonu" Poe'g ~