Issue of October 23, 2011
     
NEWS
Abra
Benguet
Kalinga
Mt. Province
 
OPINION
 

102nd Baguio Day Anniversary Issue
 
Other Links:
ERC told Abreco overcharged members with more than P22 M
by Liza Agoot

The Abra Electric Cooperative (Abreco) overcharged consumers in the province by P22,535,410.89.

The National Association of Electricity Consumers for Reforms Inc. (Nasecore) revealed this in a letter to the Energy Regulatory Commission.

Peter Ilagan, who heads the energy consumer group, said that the overcharges were committed for the fiscal years 2005 to 2008.

“The over collection of Abreco is very alarming and it takes this as abuse of market power when Abreco decided to deliberately keep to itself these over collection instead of disclosing these by way of a petition to reduce its current rates but maintaining its approved annual revenues. Especially that Abreco is a non-stock,non-profit organization,” Ilagan wrote in his letter addressed to Zenaida Cruz-Ducot.

He said, “Our finding is based on the Commission’s unbundling decision dated Jan. 14, 2004 under ECR Case No.2001-945 granting Abreco’s annual revenue requirement of P48,905,359 (net of purchased power cost).”

The group said members want to know    whether Abreco complied with the ERC-approved annual requirement, which made the Nasecore study the coop’s 2005 annual reports and compared its ERC-approved annual re-venue requirements against its annual revenues.

The letter added that, “The table shows that Abreco realized an accumulated over collection in the amount of P22,535,410.86 (net purchased power cost) from 2005-2008,” and still needs to look into the 2009 and 2010 reports of Abreco to find out if there were also over collections in the sales. “We urge the ERC to immediately conduct a regulatory audit of Abreco and reduce its rates to stop this over-collection and to immediately direct a refund of this over collection. We fervently hope ERC will swiftly act on this request based on its mandate to protect consumers from unjust and unreasonable rates,” the Nasecore said.


Your Ad Here


BUSINESS
JHMC supports house probe, to go after unpaid JH rentals

Benguet assures steady supply of vegetables

2,600 benefit from 2–day city jobs fair

Organic agriculture to solve demand for healthy products

Media holds tourism summit

High–rise buildings to address housing backlog, says CREBA

P507 M deal at CJH to fuel investments

Greenhouse operation trng set to help farmers

Fishing contest held at Burnham

Containerization of LU port readies Beng’t to int’l trade

Firm’s environmental program gets int’l trade recognition


Baguio Country Club
Department of Tourism – CAR
GRAB
Informatics
University of Baguio
Venus Parkview Hotel

Congressman Mark O. Go
Department of Health – CAR
Kings College of the Philippines
Lepanto Consolidated Mining Company
Mayor Mauricio G. Domogan
Narda’s Handwoven Arts & Crafts Inc.
Philex Mining Corporation
Pines City Colleges
Province of Benguet
Sangguniang Panlungsod
SiTEL
SM City Baguio
Social Security System

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Central University
Baguio Heart and Lung Diagnostic Center Inc.
Baguio Memorial Chapels Incorporated
Baguio Water District
BDO
Bureau of Fisheries and Aquatic Resources – CAR
C & Triple A Supermart
Congressman Ronald M. Cosalan
Curamed Pharmacy
Data Center College of the Philippines of Baguio City Inc.
Department of Agriculture – CAR
Department of Environment and Natural Resources – CAR
Department of Trade and Industry – CAR
Department of Transportation – CAR
Easter College Incorporated
Fabulo Beauty and Image Salon
Fast East Pacific Commercial
Filipino–Japanese Friendship Association of Northern Luzon, Inc.
GMS Technology
Immigration Network Services, Inc.
La Funeraria Paz, Inc.
Maybank
Mayor Romeo K. Salda
MMS Development Training Center Corporation
Mother Earth Deli Basket
National Economic & Development Authority–CAR
NIIT
Overseas Workers Welfare Administration
Philippine Science High School – CARC
R.A. Gapuz Review Center
Regional Tripartite Wages and Productivity Board – CAR
Solibao – Ganza Restaurant
STI
Technical Education and Skills Development Authority

Home | About Us | Editorial Policy | Contact Us  
News | Opinion | Snapshots | Week's Mail | Obituaries  
Copyright © 2007-2015. All Rights Reserved. baguiomidlandcourier.com.ph