Refund of NGCP's alleged 'excess revenues' worth P204 billion …
3 days ago · At least 2 solons are pushing for the NGCP to refund the franchise tax it passed on to consumers before the ERC suspended the move. Refund of NGCP's alleged 'excess revenues' worth P204 billion sought | ABS-CBN. ... ABS-CBN News. Published Jan 07, 2025 07:18 PM PHT. ADVERTISEMENT. Read More: House of Representatives | House Committee on Ways ...
Lawmaker Calls for Refund of Excess NGCP Revenues - SUNSTAR
2 days ago · MANILA – The chairperson of the House of Representatives Ways and Means Committee on Tuesday pushed for legislative reforms to ensure PHP204.3 billion in alleged excess revenues of the National Grid Corp. of the Philippines (NGCP) are refunded to consumers.. During the committee hearing, Albay Rep. Joey Salceda said profits beyond the allowed level should be directed back to the consumers.
Probe on NGCP's alleged Anti-Dummy Law violations sought
2 days ago · By LLANESCA T. PANTI, GMA Integrated News . Published January 7, 2025 3:12pm Updated January 7, 2025 4:57pm . House ways and means panel chair, Albay Rep. Joey Salceda, has called for a probe on the National Grid Corporation of the Philippines (NGCP) over its supposed violation of the country’s Anti-Dummy Law.
ERC liable for allowing NGCP to pass on franchise tax to …
1 day ago · The Energy Regulatory Commission (ERC) admitted issuing a resolution allowing the National Grid Corporation of the Philippines (NGCP) to pass on its 3-percent franchise tax to consumers, prompting a lawmaker to seek legal accountability for the regulating body. During the hearing of the House ...
NGCP faces investigation over ownership, revenues
2 days ago · A COMMITTEE at the House of Representatives on Tuesday recommended a full-blown investigation to determine if the National Grid Corp. of the Philippines (NGCP) has violated the anti-dummy law and to refund more than P204.3 billion in alleged excess revenues due to possible regulatory lapses and tax exemptions.
House body eyes ‘security review’ for NGCP - BusinessWorld Online
2 days ago · A HOUSE of Representatives committee on Tuesday said the National Grid Corp. of the Philippines (NGCP) might need to undergo a “national security review” amid foreign ownership concerns over the country’s grid system. The NGCP could have violated the Philippine Anti-Dummy law, which bars foreigners from going around foreign ownership limits through Filipino proxies, Albay […]
Lawmakers to probe NGCP franchise, floats possible revocation
Dec 23, 2024 · MANILA — Lawmakers on Monday said they will look into the 50-year franchise granted to the National Grid Corporation of the Philippines (NGCP), including the possibility of its revocation. ERC imposes P15.8-M fines on NGCP for 34 delayed projects.
National Grid Corporation of the Philippines
Nov 4, 2024 · Current News and Updates. Total transmission charges decrease for November 2024 billing period. Dec. 11, 2024 12:00 AM. More »
NGCP unveils long-term grid development plan in nationwide ...
Nov 14, 2024 · Transmission service provider NGCP has presented its 2024-2050 Transmission Development Plan (TDP) to various energy stakeholders during its recent annual nationwide public consultations.
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