2018 ANNUAL REPORT - TransCo
42
2018 ANNUAL REPORT
Transcript of 2018 ANNUAL REPORT - TransCo
2018 ANNUAL REPORT
1
Corporate Mandates
The National Transmission Corporation (TransCo) is a government agency created under
Republic Act No. 9136, otherwise known as the Electric Power Industry Reform Act (EPIRA) of
2001.
Since March 1, 2003, TransCo operated and managed the power transmission system that links
power plants to the electric distribution utilities nationwide. The same law mandated the
privatization of TransCo through an outright sale or concession contract.
Following a public bidding conducted in December 2007, the TransCo concession was awarded
to the National Grid Corporation of the Philippines (NGCP), which eventually secured a
congressional franchise to operate the transmission network through Republic Act No. 9511.
On January 15, 2009, TransCo turned over the management and operation of its nationwide
transmission system to NGCP. Ownership of all transmission assets however, remains with
TransCo.
As owner of the transmission assets, the new TransCo is mandated with five key responsibilities:
1. Monitor compliance of the Concessionaire (NGCP) with the terms and conditions of the Concession Agreement in accordance with the Philippine Grid Code and other regulatory laws, rules and regulations; provide inputs to the Transmission Development Plan (TDP) and monitor project implementation;
2. Divest remaining sub-transmission assets to qualified electric distributors;
3. Handle all claims relating to existing rights-of-way whose cause of action accrued prior
to the commencement date (January 15, 2009) and such other actions and claims retained by TransCo under the Concession Agreement;
4. Provide consultancy and/or other technical services for the management of the power distribution systems of Baguio City Economic Zone and the Authority of the Freeport Area of Bataan (until December 31, 2019) by virtue of management contracts;
5. Act as the Feed-in Tariff Allowance Fund Administrator pursuant to ERC Resolution No.15 series of 2012 dated November 19, 2012.
2
Mission
As the owner of the nation’s power transmission assets,
we protect the interest of the Filipino people by overseeing
the proper operation, maintenance, upgrading and expansion
of the transmission system by the concessionaire,
thereby contributing to the delivery of quality and
reliable electricity to consumers.
Vision
We are a highly valued and essential pillar of the power industry. We embody excellence, professionalism and integrity in carrying out our mandated roles and responsibilities in partnership with all stakeholders.
Operational
Highlights
I. MONITORING OF ASSETS OPERATED AND MAINTAINED BY NGCP
A. INSPECTION OF TRANSMISSION ASSETS AND PROJECTS
TransCo conducted a total of sixty eight (68) inspections of transmission facilities and
transmission projects, which include Projects Under Construction (PUCs) in 2018. PUCs are
transmission projects that were started by TransCo before the January 2009 turnover of the
transmission function to NGCP. Of these, sixty two (62) inspections were on TransCo
transmission facilities operated by the Concessionaire (NGCP) while six (6) inspections were on
transmission projects. Twenty-three (23) projects were targeted for inspection in 2018.
However, after the inspection of six (6) transmission projects, NGCP disallowed TransCo from
inspecting the remaining 17 ongoing transmission projects.
TransCo inspectors
check for compliance of
the Concessionaire with
the Concession
Agreement and the Grid
Code
Of the 6,215 ‘open’ observations noted during the inspection of transmission facilities, a total of
4,314 observations (69.4%) were corrected or ‘closed’ by NGCP in 2018. The observations are
classified as either ‘major’ and ‘minor’ and are tabulated as follows:
Table 1: Status of Observations on Transmission Facilities
Observations Total Number of Open
Observations
Number/Percentage of
Closed Observations
Major Observations 1,914 753 1,161
Minor Observations 4,301 1148
3,153
6,215 1,901 4,314
Of the 42 Projects Under Construction (PUCs), no project was completed by NGCP in 2018. The following tables show the status of the PUCs and new transmission projects.
Table 2: Status of Projects Under Construction (PUCs)
Status of Projects
As of
January 15, 2009
As of
December 31, 2018
Energized / Completed 8 37
Under Construction 10 4
Tendering Stage 11 0
Pre-construction Stage 13 0
Cancelled 0 1
Total 42 42
Table 3: Status of New Transmission Projects
Status of Projects As of December 31, 2018
Energized & Completed 34
Under Construction 42
Tendering Stage 12
Pre-construction Stage 30
Cancelled 0
Total 118
Opening meeting of TransCo inspectors with NGCP officials and staff prior to inspection of transmission facilities
In addition to the scheduled inspections, TransCo Inspectors conducted site inspections on
TransCo substations and transmission line facilities operated by NGCP that were affected by
natural calamities that occurred on 2018. TransCo Inspectors thereafter submitted inspection
reports regarding the equipment and transmission facilities that were affected or damaged.
The natural calamities that affected the transmission facilities are as follows:
1. Typhoon Urduja (Inspection Date: January 9 – 11, 2018)
2. Typhoon Vinta (Inspection Date: January 9 – 11, 2018)
3. Typhoon Ompong (Inspection Date: September 19 – 20, 2018)
4. Landslide in Naga, Cebu (Inspection Date: September 20 – 25, 2018)
B. ENVIRONMENTAL COMPLIANCE ASSESSMENT OF NGCP-OPERATED FACILITIES
TransCo’s asset inspection teams continuously monitor the environmental compliance of NGCP
pertinent to its operation and maintenance of transmission facilities in Luzon, Visayas and
Mindanao. In 2018, the environmental inspectors checked for the availability of relevant permits,
assessed the sufficiency of structures that conform with environmental protection requirements,
looked at proper storage of hazardous/chemical substances and availability of required storage
facilities, and validated NGCP’s corrective actions done to address previous observations. The
environmental inspections were carried out together with technical inspections of facilities and
projects.
C. TRANSMISSION DEVELOPMENT MONITORING
TransCo continuously carries out its mandate to oversee the upgrading and expansion of the
nation’s power transmission assets by regularly monitoring NGCP’s project applications filed
before the ERC as stated in the Concession Agreement.
TransCo conducted in 2018 a technical review and assessment of NGCP’s proposed Capex
projects for calendar years 2017-beyond 2020 under ERC Case No. 2017-110 RC. These
proposed projects are categorized and driven as Generation Entry, Load Growth, Power Quality,
Network and System Reliability. The TransCo Team produced technical analysis and reports
using the PSS/E simulation software, providing technical recommendations and comments for
the 23 Transmission Network Development projects (11 for Luzon, 7 for Visayas, and 5 for
Mindanao) which were used as basis for filing petitions for intervention. Below is the list of the
23 Transmission Network Development Projects.
Table 4: Transmission Network Development Projects
Luzon
1 Tower Structure Upgrading of Bicol Transmission Facilities
2 Concepcion-Sta. Ignacia 69 kV Transmission Line Project
3 Marilao EHV Substation Project
4 San Simon 230 kV Transmission Line Project
5 Nagsaag-Tumana 69 kV Transmission Line Project
6 Tuy 500/230 kV Substation Project Stage 1
7 Pagbilao-Tayabas 500 kV Transmission Line Project
8 Pinili 230 kV Substation Project
9 San Manuel-Nagsaag 230 kV Transmission Line Project
10 Taguig-Taytay 230 kV Transmission Line Project
11 Tanauan 230 kV Substation Project
Visayas
1 Panay-Guimaras 138 kV Interconnection Project
2 Laray 230 KV Substation Project
3 Babatngon-Palo 138 kV Transmission Line Project
4 Calbayog-Allen 69 kV Transmission Line
5 Visayas Substation Upgrading Project
6 Amlan-Dumaguete 138 kV Transmission Line Project
7 Barotac Viejo-Natividad 69 kV Transmission Line Project
MIndanao
1 Kabacan Substation Project
2 Nasipit Substation Bus-in Project
3 San Francisco-Tandag 138 kV Transmission Line Project
4 Maco-Mati 138 kV Transmission Line Project
5 Mindanao Substation Expansion 3 Project
Further, TransCo conducted power flow simulations and technical assessments in order to
provide technical comments, inputs, inquiries and recommendations in the preparation of
the draft 2016-2040 Transmission Development Plan (TDP) during TransCo consultation as
stated in the Concession Agreement.
In addition to the above-mentioned accomplishments, TransCo actively participated in the
Technical Working Group on Competitive Renewable Energy Zones (CREZ) process
spearheaded by the DOE. TransCo is a member of the Zone and Transmission Modelling
Working group of CREZ that will identify candidate RE Zones that are characterized by
theoretical availability of resource potential, technical potential, economic potential and
market potential. It will also identify a set of transmission expansion and upgrades scenarios
that enhance delivery of energy and analyze corresponding economic, operational,
environmental and other cost benefit analysis with the required transmission enhancement
scenarios. These specified least-cost effective transmission enhancement are then proposed
for inclusion in the TDP as reviewed and approved by the DOE.
TransCo also conducted a technical review and evaluation on NGCP’s proposed
amendments to the Open Access Transmission Services (OATS Rules) and AS-CRM which
were filed before the Energy Regulatory Commission through ERC Case No. 2018-005 RM
entitled “In the Matter of the Petition for the Approval of Amended Ancillary Services – Cost
Recovery Mechanism" and ERC Case No. 2017-010 RM entitled “In the Matter of the Petition
for the Adoption of the Proposed Amendments to the 2006 OATS Rules”. TransCo’s
comments and queries were submitted to ERC and were discussed during ERC hearings and
public consultations.
D. SYSTEM OPERATIONS PERFORMANCE MONITORING
As owner of the transmission assets, TransCo monitored in 2018 the quality, reliability and
security of the grid through the following System Operation reports: Regional Daily Operations
Reports (DOR) & Daily Operations Highlights (DOH), Consolidated DOR & DOH, Daily
Consolidated Interruption Reports (DCIR), Weekly Grid Operations Reports (WGOR), Monthly
Outage Summary Report (MOSR), Day-Ahead Ancillary Services Schedule (DAASS), Compliance
Monitoring of Ancillary Services Providers, Grid 1-second Frequency, and Significant Incident
Reports (SIR).The quarterly technical assessment reports on System Reliability, Ancillary Services
Availability, and Frequency Control were used in the evaluation of the performance of TransCo’s
concessionaire.
E. SUPPORT FOR THE NATIONAL BROADBAND PLAN (NBP)
TransCo asserted its ownership of the nationwide transmission assets and partnered with DICT
and NGCP to utilize spare optical fibers embedded inside the transmission lines to help boost
the implementation of the National Broadband Plan (NBP).
These efforts resulted in the signing of a tripartiate agrement among TransCo, DICT and NGCP
on June 8, 2018, marking a major step in realizing President Duterte’s vision of a fast internet
speed at no charge in most public places including parks, plazas, public libraries, schools,
government offices, hospitals, train stations, airports and seaports nationwide.
TransCo President Atty. Melvin Matibag (second from left), DICT Acting Secretary Eliseo Rio, and NGCP
President Anthony Almeda during the signing ceremony for the National Broadband Plan
TransCo also entered into a Memorandum of Understanding (MOU) with Philippine Telegraph
and Telephone Company (PT&T), NOW Telecom, and the MISLATEL Consortium companies for a
feasibility study on the utilization of the fiber optic network for the National Broadband Plan:
Also, TransCo met with Streamtech Systems Technologies Inc. for the possibility of entering into
a similar MOU.
F. REGULATORY COMPLIANCE AND MONITORING OF NGCP RATE CASES
In accordance with the Concession Agreement, NGCP shall be the sole regulated entity before
the ERC. Hence, all rate cases are now being filed and attended to by NGCP. For its part, TransCo
regularly monitors NGCP’s applications filed with ERC and participates in the conduct of hearings
and public consultations on major rate cases as well as other applications. Whenever necessary,
TransCo files petitions for intervention, conducts reviews, provides comments, and submits the
same to ERC. And for CY 2018, TransCo attended and participated in the hearings on the
following petitions of NGCP with the ERC.
Table 5: ERC Hearings on NGCP Petitions
Nature of ERC Cases
No. of Hearings
Attended/
Participated
1. Maximum Allowable Revenue (MAR) Applications 5 of 5
2. Force Majeure Event (FME) Applications None
3. New Project Applications 5 of 5
4. Project Expansion/Upgrading None
5. Reclassification of Sub-Transmission Assets to
Transmission Assets
None
6. Ancillary Services Procurement Agreement (ASPA) 7 of 7
7. Others (PubCon, Rules Change) 15 out of 15
TOTAL 39 of 39
As to the Regulatory Reset for the transmission business covering the Fourth Regulatory Period
(CY 2016 to CY 2020), TransCo attended and participated in the Public Consultations conducted
by the ERC in 2014 and 2015. Then, following the ERC’s release on June 7, 2018 of its Draft
Resolution on the Issues Paper of the Regulatory Transmission Services for 2016 to 2020 of the
National Grid Corporation of the Philippines (NGCP), TransCo submitted its comments thereto to
the ERC on July 27, 2018. However, to date, the ERC has yet to issue its Position Paper for the
regulated entity to begin with the reset process for the 4th Regulatory Period and the subsequent
5th Regulatory Period (CY 2021 to CY 2025). Further, TransCo likewise submitted to the ERC on July
27, 2018 the paper on NGCP’s Weighted Average Cost of Capital prepared by TransCo’s
consultant. TransCo offered a discussion with the said consultant should the Commission wish to
do so. No date has been set to date though.
G. INSPECTION OF NGCP BOOKS AND RECORDS
Every year, the Joint TransCo-PSALM Technical, Regulatory, Financial, and Legal and Right-of-
Way Assessment Team (TRFLAT) and Inspection of Books and Records aims to conduct an
assessment of the compliance of NGCP with each relevant provision of the Concession
Agreement and conduct inspections of NGCP’s books and records in accordance with the
provisions of Section 10.01 of the Concession Agreement. The inspection of books and records
(IBR) covers the areas of Technical, Regulatory, Financial, Legal and Right of Way, and
Administrative, IT, QA, Safety and Security. NGCP’s Operation and Maintenance, Engineering
and Construction, and System Operations Groups are included here.
The Joint TRFLAT has so far conducted assessments for the years 2009, 2010 to 2011, 2012, 2013
to 2015, and 2016.
For the Concession Year 2017, the Joint PSALM and TransCo TRFLAT and Inspection of Books
and Records re-convened pursuant to Office Order No. 2018-200 dated April 5, 2018. The
inspection of books and records (IBR) is a joint undertaking of TransCo and PSALM which covers
the areas of Technical, Regulatory, Financial, Legal and Right of Way, and Administrative, IT, QA,
Safety and Security, with the Compliance Monitoring Department as the lead Technical
Secretariat.
The joint TransCo and PSALM Teams conducted the inspection and checking of NGCP books
and records for the year 2017 in various dates in September to November 2018 in its Technical
Document Centers located at the NGCP Head Office and in Mexico Substation, Pampanga.
The IBR Report which contains the TRFLAT assessment findings has been completed and
provided to NGCP for it to address the deficiencies or implement corrective actions. Said report
was transmitted to NGCP on December 20, 2018. Copies of the IBR report were likewise
provided to the Department of Energy, Department of Finance, Energy Regulatory Commission
and the TransCo Board thru the Corporate Secretary.
Below is the summary of findings:
Table 6: Technical Document Center 1 – NGCP Head Office, Q.C.
Area of AssessmentNo. of
Records
1. TECHNICAL 1,477 974 247 124 132 17% 8%
1.1 Philippine Grid Code 643 281 214 115 33 33% 18%
1.2 Operation and
Maintenance 71 43 28 - - 39% 0%
1.3 Planning, Construction,
and Engineering 420 316 2 9 93 0% 2%
1.4 Systems Operations 329 322 1 - 6 0% 2%
1.5 Environmental 14 12 2 - - 14% 0%
2. REGULATORY 30 28 2 - - 7% 0%
3. FINANCIAL 56 54 - - 2 0% 0%
3.1 Financial Records 27 26 - - 1 0% 0%
3.2 Transmission Assets 29 28 - - 1 0% 0%
4. Legal & ROW 1,265 751 - - 514
4.1 Legal 19 15 - - 4 0% 0%
4.2 Right of Way 1,246 736 - - 510 0% 0%
PUC 462 292 - - 170
Non-PUC 784 444 - - 340
5. ADMINISTRATIVE, IT, QA,
SAFETY and SECURITY 47 42 3 - 2 6% 0%
TOTAL 2,875 1,849 252 124 650 9% 4%
% Available
Incomplete
%
Unavailable
FINDINGS
Available
(Complete)Unavailable
Available
(Incomplete)
Not
Applicable
Table 7: Technical Document Center 2 – Mexico Substation, Pampanga
H. OTHER ACTIVITIES/ACCOMPLISHMENTS
2018 Elections Task Force
As provided in Memorandum Order No. 2018-024 entitled “Creation of Power Task Force for
the Barangay and Sangguniang Kabataan Elections”, members of the TransCo Election Task
Force were deployed at the NGCP Head Office Overall Command Center (H.O. OCmC) in
Diliman, Quezon City, the NGCP Visayas Regional Command Center (VRCmC) in Banilad, Cebu
City and at the NGCP Mindanao Regional Command Center (MRCmC) at Iligan City to monitor
NGCP’s 24 hour-operations of the grid and to verify the reports that were provided by NGCP to
the DOE on the status of the transmission facilities and equipment. TransCo’s Task Force
submitted a report to the Department of Energy (DOE) that highlighted the power situation in
the Luzon, Visayas, and Mindanao Grids before, during, and after the May 2018 Barangay and
Sangguniang Kabataan Elections.
Area of AssessmentNo. of
Records
1. TECHNICAL 1,477 950 268 124 135 18% 8%
1.1 Philippine Grid Code 643 281 214 115 33 33% 18%
1.2 Operation and
Maintenance 71 19 49 - 3 69% 0%
1.3 Planning, Construction,
and Engineering 420 316 2 9 93 0% 2%
1.4 Systems Operations 329 322 1 - 6 0% 2%
1.5 Environmental 14 12 2 - - 8%
2. REGULATORY 30 28 2 - - 7% 0%
3. FINANCIAL 56 54 - - 2 0% 0%
3.1 Financial Records 27 26 - - 1 0% 0%
3.2 Transmission Assets 29 28 - - 1 0% 0%
4. Legal & ROW 1,265 751 - - 514
4.1 Legal 19 15 - - 4 0% 0%
4.2 Right of Way 1,246 736 - - 510 0% 9%
PUC 462 292 - - 170
Non-PUC 784 444 - - 340
5. ADMINISTRATIVE, IT, QA,
SAFETY and SECURITY 47 42 3 - 2 6% 0%
TOTAL 2,875 1,825 273 124 653 9% 4%
FINDINGS
Available
(Complete)
Available
(Incomplete)Unavailable
Not
Applicable
% Available
Incomplete
%
Unavailable
II. FEED-IN-TARIFF (FIT) ALLOWANCE FUND ADMINISTRATION
In addition to TransCo’s mandates, ERC Resolution No. 15, Series of 2012 dated November 19,
2012 designated TransCo as the Feed-in-Tariff Allowance (FIT-All) Fund Administrator. TransCo is
tasked with the establishment, management, administration and disbursement/settlement (thru
the Trustee Bank) of the FIT-All Fund for the benefit of FIT-eligible Renewable Energy (RE)
developers. TransCo is likewise tasked to file the rate application before the ERC for the annual
FIT-All Rate determination.
TransCo’s FIT-All Team during the 2019 FIT-All Rate Application Evidentiary Hearing on October 8, 2018 at the Energy Regulatory Commission
TransCo has so far filed with the ERC the determination for the FIT-All rate for the years 2014-2015, 2016, 2017, 2018 and 2019. Below is the status of FIT-All Applications:
FIT-All Rate Application
Year
Rate as
Applied,
P/kWh
ERC Approval
Remarks
2014-2015 (filed on July
30, 2014) PhP0.0406
Provisional
Authority (PA):
PhP0.0406/kWh
Implementation started in
January 2015 billing period
Final:
PhP0.0406/kWh
The ERC approved the
2014-2015 FIT-All Rate on
Dec. 10, 2015
2016 (filed on December
22, 2015)
PhP0.1025 or
the updated
amount at the
time of
evaluation
Provisional:
PhP 0.1240/kWh
Implementation started on
April 2016 billing period
Final :
PhP0.1830/kWh
Approved on May 9, 2017
(docketed May 13, 2017)
Implementation started on
June 2017 billing month
FIT-All Rate Application
Year
Rate as
Applied,
P/kWh
ERC Approval
Remarks
2017 (filed on December 1,
2016)
PhP0.2291 or
the updated
amount at the
time of
evaluation
Final:
PhP0.2563/kWh
Approved on February 27,
2018 (docketed May 11,
2018)
Implementation started on
June 2018 billing month
2018 (filed on August 29,
2017)
PhP0.2932 or
the updated
amount at the
time of
evaluation
No Provisional
Authority issued
to date
For ERC resolution
2019 (filed
on July 27,
2018)
PhP0.2780 or
the updated
amount at
the time of
evaluation
No Provisional
Authority issued
to date
Hearings were terminated on November 26, 2018
and submission of pleadings by parties is still
ongoing
Status of RE Payment Agreement (REPA)
For the payment of FIT-eligible RE generators, TransCo entered into Renewable Energy Payment
Agreements (REPA) with 59 RE developers as of December 31, 2018, with 52 of these REPAs
being effective, i.e., these eligible RE Developers have secured all necessary permits and are
being paid/can already be paid for actual eligible energy generated.
Plant Type
SIGNED REPA Effective REPA
Quantity Capacity
MW Quantity
Capacity
(MW)
Solar 24 525.95 23 484.65
Hydro 7 45.50 6 43.10
Biomass 21 147.99 16 131.63
Wind 7 426.90 7 426.9
Total 59 1,146.34 52 1,086.28
The total FIT Revenue billed to the Fund as of December 31, 2018 amounted to PhP59.28Bn.
About 94.41% of this has been paid, with an outstanding balance of PhP3.31Bn. This total does
not include any late payment interest that the eligible FIT generators may be entitled to.
The collection efficiencies for FIT-All and Cost Recovery Revenue (mostly from PEMC) as of
November 30, 2018 are 93.60% and 98.22%, respectively.
Audit of Collection Agents
TransCo was able to jumpstart this activity in 2018. It targeted an audit of one (1) Collection
Agent per quarter and was able to conduct 5 audits, with 2 audits conducted in the last quarter.
The audits are aimed at further improving the efficiency of the FIT-All collection/remittance.
III. DIVESTMENT OF SUB-TRANSMISSION ASSETS
The sale of TransCo’s sub-transmission assets (STA) involves 123 sale contracts with 107
interested distribution utilities, most of which are electric cooperatives. The sub-transmission
assets include around 4,092 ckt-km of mostly 69 kV transmission lines and 860 MVA of
substation capacity.
As of December 31, 2018, TransCo has signed 114 sale contracts with 93 distribution
utilities/electric cooperatives/consortia amounting to about PhP6.052 Billion. These sales cover
an aggregate length of about 3,833ckt-kms of sub-transmission lines and about 34,153 sub-
transmission structures and 830 MVA of substation capacity. Of the 114 sale contracts, 72
contracts with a total sale price of about PhP4.335 Billion have been approved, approved with
modification and disapproved. Included in the 72 contracts are eight (8) contracts amounting
to PhP261.47million disapproved as of December 31, 2018 posting in the ERC website. The
rest of the sale contracts are for filing with the ERC and for ERC’s evaluation and approval.
Together with
officials of a
Mindanao
electric
cooperative,
TransCo
personnel
inspects a sub-
transmission
asset for
divestment
The total ERC approved/disapproved amount of PhP3.276 Billion is lower compared to the total
approved/disapproved contract amount of PhP 4.335 Billion due to the following reasons:
1. Exclusion of some assets from ERC approval due to reclassification from sub-
transmission to transmission assets
2. The lower amount of valuation was used as basis of the ERC approval
3. Exclusion of some assets from the ERC approval since said assets are not yet
connected to the sold assets
4. Exclusion of some assets from the ERC approval due to decommissioning
5. DU withdrawal from sale contract after filing of the ERC Joint Application
Following the EPIRA provision to extend concessional financing to electric cooperatives, TransCo
implemented lease purchase arrangements with a term of 20 years. Of the 114 sale contracts
already signed, 77 are under lease purchase agreements with 66 electric cooperatives/consortia,
valued at about PhP4.122 Billion. The remaining 37 involved sales to private distribution
utilities/consortia.
IV. MANAGEMENT AND OPERATION OF ELECTRICAL DISTRIBUTION SYSTEMS AT
BAGUIO CITY ECONOMIC ZONE (BCEZ) AND THE FREEPORT AREA OF BATAAN
(FAB).
In line with its mandate to operate and maintain the electrical systems of the Baguio City
Economic Zone (BCEZ) and the Freeport Area of Bataan (FAB), TransCo’s Utility Management
Department (UMD) performed the following:
A. At Baguio City Economic Zone
1. Upgrading and rehabilitation of distribution system
2. Preventive and predictive maintenance of BCEZ distribution transformers and lines
3. Corrective maintenance of distribution transformers and lines
4. Systems loss reduction
B. At the Freeport Area of Bataan
1. Upgrading/rehabilitation of substation equipment and distribution system
2. Annual Preventive Maintenance Testing (APMT) of pad-mounted distribution
transformers
3. Distribution Line Inspection
4. Hot Spot Correction
With various activities for preventive/predictive maintenance works and energy audit activities
and completion of various upgrading projects, TransCo recorded the following accomplishments
in 2018.
PERFORMANCE MEASURES 2017
ACTUAL
2018
TARGETS
2018
ACTUAL
Availability Factor (%) 99.99 99.98 99.75
Collection Efficiency (%) 99.15 98.62 98.92
Cost Efficiency (expenses/income generated) 0.617 0.747 0.558
Systems Loss (%) 1.36 1.29 1.26
In its goal to significantly lower power rates for the locators (industrial companies) inside the
Baguio Economic Zone (BCEZ) TransCo, submitted a 25-year competitive lease concession
agreeement proposal to Philippine Economic Economic Zone Authority (PEZA) and is finalizing a
long term Operation and Maintenance (O&M) contract with AFAB in preparation for the
expiration of the existing contract by the end of 2019.
TransCo Line maintenance works insidethe Baguio City Economic Zone
V. SETTLEMENT OF RIGHT-OF-WAY (ROW) CLAIMS
A. VALIDATION OF ROW CLAIMS
TransCo is principally in charge of validating all right-of-way (ROW) claims involving
transmission facilities existing prior to the Commencement Date (January 15, 2009), except
those identified as Projects Under Construction (PUCs), which are handled by NGCP.
TransCo surveyors
conducting validation survey
of ROW claims
The following general activities are part and parcel of TransCo’s regular validation process:
1. Authentication of ownership of landowner-claimant
2. Determination as to whether or not there are existing right-of-way documentation
covering the affected property
3. Ascertainment of the land classification of the said properties, both current and at the
time of taking
4. Identification of the transmission project involved and the year the said project was
constructed or commissioned
5. Conduct of the verification survey to determine whether the property is affected and,
if in the affirmative, determination of the actual area affected
6. Establishment of the appropriate valuation of the affected property
In 2018, TransCo was able to validate a total of 227 ROW claims, exceeding its target of 220
claims as approved by the TransCo Board and the GCG.
B. FILING OF EXPROPRIATION CASES
TransCo regularly receives claims and demands for payment of just compensation involving
lands affected by transmission lines and other transmission-related facilities
constructed/commissioned by its predecessor-in-interest, the National Power Corporation
(NPC).
As part of its regular validation process, once the claim is found in order, TransCo negotiates
with the affected landowner for compensation, and if the TransCo-approved valuation is
accepted by the landowner or if the court-decision or order is found in accordance with law and
jurisprudence, TransCo policies and government accounting and auditing rules, an Authority to
Pay is prepared and submitted for approval by TransCo Management.
In cases where an ejectment or recovery of possession action is instituted against TransCo, an
adverse decision thereon would mean that TransCo would be compelled to remove the
transmission structures, vacate the premises and pay rentals and damages until such time that
the structures are completely dismantled, to the detriment and prejudice of both the
government and the general public.
On the other hand, in most cases where TransCo’s offer of compensation is rejected by the
landowner who then prevents TransCo and NGCP entry to the premises which would
compromise the operation and maintenance of the transmission line. In such cases, the
filing/institution of an expropriation case is indispensable in order to secure TransCo’s
authority/title/possession over the affected property, as well as to ensure the smooth and
unhampered operation and maintenance of the particular transmission line/s.
As approved by the TransCo Board and the GCG, RLMSD’s target for 2018 is 160 right-of-way
claims/cases approved for settlement and expropriation cases initiated.
In 2018, TransCo was able to file 134 new expropriation cases and 26 ROW claims/cases
approved for settlement for a total of 161 claims/cases for a 100% accomplishment rating.
C. PARCELLARY SURVEY (AS-BUILT) OF TRANSMISSION LINES AND SUBSTATIONS
TransCo submitted to the GCG a Board-approved, comprehensive and time-bound action plan
for the settlement of ROW claims. Part of the GCG-approved plan is the outsourcing the land
parcel survey activities (parcellary survey) of all existing transmission facilities nationwide that
will result in the complete and proper documentation of said facilities, including all affected
lands and structures.
The outsourcing of the parcellary survey is aimed at speeding up the process of identifying and
profiling the affected properties which is a very critical part of TRANSCO’s Right-of-Way
activities. The survey of the entire 12,796 linear kilometers of transmission lines is expected to
be completed by 2020. The initiative will allow a proactive approach in the settlement of ROW
claims which translates to reduced interest payments.
The use of
Geographic
Information System
(GIS) technology
has significantly
helped hasten
identification of
affected properties
and validation of
right-of-way
claims.
By the end of 2018, TransCo was able to survey (as-built) and verify approximately 5,233
kilometers of affected properties, resulting in a 100% accomplishment rate.
D. MEMORANDUM OF AGREEMENT (MOA) WITH LRA
To significantly reduce the processing time in validating ROW claims and at the same time,
reduce interest payments, TransCo signed a memorandum of agreement (MOA) with the Land
Registration Authority (LRA) on December 12, 2017 for the supply and delivery of datasets for
land parcels affected by existing transmission lines and substations in Luzon, Visayas and
Mindanao.
Under the agency to agency MOA, LRA is tasked to deliver all the titles under the names of
TransCo, NPC and NGCP to allow a proper inventory. Moreover, LRA is responsible for the
delivery of certified true copies of the titles, including electronic maps of all affected properties
throughout the country.
As of end December 2018, LRA has submitted a total length of 2,253.77 kilometers of Parcellary
Mapping Services (Geospatial Query System), 42,685 Individual Property Location Services
(Parcel Verification System) and 41,922 certified true copies of TCTs.
E. OTHER ROW ACCOMPLISHMENTS
Aside from those mentioned above, TransCo continued to handle all other right-of-way-related
issues, such as, but not limited to the following:
1. Verified/validated properties subject of real property tax assessments;
2. Evaluated requests for cancellation of right-of-way grants/annotations;
3. Handled requests for the use of or to have access to NPC/TransCo properties as well as
requests to buy back properties no longer utilized as transmission line right-of-way
corridor/route;
4. Evaluated/validated of requests for subdivision/partition of lots which were partially
acquired by NPC/TransCo or partially-affected by transmission lines and asset
boundaries, verification/research on right-of-way issues/documents involving the
divestment of sub-transmission assets;
5. Conducted inspection of books and records of the Concessionaire involving Projects
under Construction (PUCs) and New Projects involving right-of-way;
6. Evaluated requests for relocation of transmission towers and poles, inspection and
evaluation of projects affecting the transmission lines;
7. Prepared Commissioner’s Reports and comments to Commissioner's Reports on just
compensation for litigated cases;
8. Validated ROW cases for possible compromise;
9. Reviewed, prepared various agreements and contracts with NPC, NGCP and other
government and private entities relating to rights-of-way;
10. Updated Transmission Line and Substation Profiles;
11. Conducted inventory, scanning, filing and linking ROW documents to the e-copy of
Masterlists of project-affected landowners;
12. Managed and consolidated land titles, easement rights/grants and other ROW
agreements in the name of TransCo/NPC;
13. Collected various receivables pertaining to Right-of-Way
19
WHISTLE BLOWING POLICY OF THE NATIONAL TRANSMISSION CORPORATION
It is the policy of the National Transmission Corporation (TransCo) to carry out its mandated functions in a transparent, responsible and accountable manner and with the utmost degree of professionalism and effectiveness. Towards this end, TransCo shall endeavor to prevent and control the commission of serious misconduct and unethical work habits of its officers and employees by providing a confidential reporting channel. The salient features of the Policy include:
1. Creation of the TransCo Integrity Monitoring Committee (TIMC) with the following as officials: the Vice
President, General Counsel as Chair, the Vice President for Corporate Services as Vice Chair, the Vice President of CCMG, two lawyers from the Office of the General Counsel and a representative from the CSC-accredited employee organization.
2. Applicability of Policy to members of the TransCo Board, its created committees, officers and employees
3. Reportable Conditions to cover violations of provisions of the following laws, rules, and
regulations like the following:
(a) R.A. No. 6713, "Code of Conduct and Ethical Standards for Public Officials and Employees"
(b) R.A. No. 3019, "Anti-Graft and Corrupt Practices Act"
(c) R.A. No. 7080, as amended, ''The Plunder Law"
(d) Book II, Title VII, Crimes Committed By Public Officers, The Revised Penal Code
(e) Executive Order (E.O.) No. 292, s. 1987, "Administrative Code of 1987”
(f) R.A. No. 10149, the GOCC Governance Act of 2011
(g) GCG M.C. NO. 2012-05, "Fit and Proper Rule";
(h) GCG M.C. NO. 2012-06, "Ownership and Operations Manual Governing the GOCC Sector”
(i) GCG M.C. NO. 2012-07, "Code of Corporate Governance for GOCCs"
(j) Violations of the Charter of the GOCC; and
(k) Other GCG Circulars and Orders, and applicable laws and regulations
4. Reporting Channels include TransCo website, face-to-face meetings, e-mail, mail, telephone, fax 5. Anonymous Reporting 6. Withdrawal of Report by the Whistleblower 7. Resignation of Respondent Pending Completion of Investigation 8. Confidentiality 9. Protection of Whistleblower against Retaliation 10. Untrue Allegations 11. Procedure on Handling Whistleblowing Reports 12. Final actions on the Whistleblowing Reports 13. Effectivity
Financial
Highlights
2018 2017
Current Assets
Cash and Cash Equivalents 1,218,250,866 807,669,403
Receivables 4,170,427,775 6,828,452,461
Inventories 1,123,602 953,466
Other Current Assets 3,220,339,494 2,619,833,294
Total Current Assets 8,610,141,737 10,256,908,624
Non-Current Assets
Investments 608,251 608,251
Receivables 160,406,880,688 161,818,558,103
Property, Plant and Equipment 140,791,729,342 134,187,613,252
Intangible Assets 4,064,963 6,211,711
Other Non-Current Assets 947,967,160 2,876,868,181
Total Non-Current Assets 302,151,250,404 298,889,859,498
Trust Assets - FIT-ALL Fund 2,109,281,416 1,631,293,479
Total Assets 312,870,673,557 310,778,061,601
Current Liabilities
Financial Liabilities 1,508,029,028 1,835,314,658
Inter-Agency Payables 485,873,336 443,931,507
Trust Liabilities 1,240,214 1,346,485
Deferred Credits/Unearned Income 7,630,677,563 7,675,259,643
Other Payables 1,339,851,781 1,352,974,917
Total Current Liabilities 10,965,671,922 11,308,827,210
Non-Current Liabilities
Inter-Agency Payables 4,897,097,132 4,897,097,132
Deferred Credits/Unearned Income 145,502,903,766 140,856,733,255
Total Non-Current Liabilities 150,400,000,898 145,753,830,387
Trust Liabilities - FIT-ALL Fund 2,109,281,416 1,631,293,479
Total Liabilities 163,474,954,236 158,693,951,076
Net Assets (Total Assets Less Total Liabilities) 149,395,719,321 152,084,110,525
Equity from PSALM 154,954,153,015 153,203,822,814
Comprehensive Loss (6,603,771,208) (7,525,176,526)
Retained Earnings 1,045,337,514 6,405,464,237
Government Equity 149,395,719,321 152,084,110,525
Total Net Assets/Equity 149,395,719,321 152,084,110,525
ASSETS
LIABILITIES
NET ASSETS/EQUITY
AS AT DECEMBER 31, 2018 and 2017
NATIONAL TRANSMISSION CORPORATION
CONDENSED STATEMENTS OF FINANCIAL POSITION
2018 2017
Revenue
Business Income 9,981,336,863 9,976,195,077
Total Revenue 9,981,336,863 9,976,195,077
Current Operating Expenses
Personnel Services 162,468,195 174,620,080
Maintenance and Other Operating Expenses 159,135,662 123,988,868
Financial Expenses 217,695 32,397
Non-Cash Expenses 4,733,702,304 4,437,120,413
Total Current Operating Expenses 5,055,523,856 4,735,761,758
Surplus from Current Operations 4,925,813,007 5,240,433,319
Other Non-Operating Income 1,020,612 616,729
Gains 518,823 987,370
Losses (1,968,626) (18,291,170)
Surplus before Tax 4,925,383,816 5,223,746,248
Net Surplus for the period 4,925,383,816 5,223,746,248
NATIONAL TRANSMISSION CORPORATION
CONDENSED STATEMENTS OF FINANCIAL PERFORMANCE
FOR THE YEARS ENDED DECEMBER 31 2018 AND 2017
Accumulated
Surplus/Deficit Equity from PSALM Revaluation Surplus Total
BALANCE AT JANUARY 1, 2017 (14,929,120,644) 117,916,298,559 98,718,799,794 201,705,977,709
ADJUSTMENTS:
Add/(Deduct):
Changes in accounting policy 14,206,833,105 35,885,122,366 (98,718,799,794) (48,626,844,323)
RESTATED BALANCE AT JANUARY 1, 2017 (722,287,539) 153,801,420,925 0 153,079,133,386
Changes in Net Assets/Equity for CY 2017
Add/(Deduct):
Surplus for the period 5,223,746,248 0 0 5,223,746,248
Other adjustments (5,923,591,303) (295,177,806) 0 (6,218,769,109)
BALANCE AT DECEMBER 31, 2017 (1,422,132,594) 153,506,243,119 0 152,084,110,525
Changes in Net Assets/Equity for CY 2018
Add/(Deduct):
Surplus/(Deficit) for the Period 4,925,383,816 0 4,925,383,816
Other Adjustments (9,061,684,916) 1,447,909,896 0 (7,613,775,020)
BALANCE AT DECEMBER 31, 2018 (5,558,433,694) 154,954,153,015 0 149,395,719,321
NATIONAL TRANSMISSION CORPORATION
STATEMENT OF CHANGES IN NET ASSETS/EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2018 and 2017
NATIONAL TRANSMISSION CORPORATION
FINANCIAL PERFORMANCE INDICATORS
CY 2018
1. Net Profit P 4,925 Mn
2. Operating Ratio 50.65%
3. Return on Assets (excluding Trust Assets - Fit All)
1.58%
4. Return on Equity 3.30%
5. Current Ratio 78.52%
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EXECUTIVE OFFICERS
ATTY. MELVIN A. MATIBAG
President and CEO January 31, 2017 to present) Tel: 902-1518; Fax: 914-6207 [email protected]
NOEL Z. DE LEON
General Counsel, Vice President Legal, ROW and Land Management Services Group Tel: 902-1503; Fax: 914-6203 [email protected]
ATTY. ZITA MARIE ATIENZA-FAJARDO
Vice President, Corporate Services Group (April 5, 2017-Present) Tel: 902-1526 [email protected]
PROF. ROWALDO D. DEL MUNDO
Vice President, Concession Contract Management Group (June 4, 2018- March 3, 2019) Tel: 902-1500 local 1518 [email protected]
BOARD OF DIRECTORS
CARLOS S. DOMINGUEZ III Secretary Department of Finance Chairman of the TransCo Board
Age: 73 Date of Appointment: June 30, 2016 Carlos “Sonny” Dominguez has over 40 years of experience managing various organizations in the public and private sectors. He was a shareholder, and board chairman or member of over a dozen corporations across various industries such as power, agriculture, mining, banking, hospitality, real estate, and investment. Notable positions held by Sonny were Cabinet Secretary of the Environment and Natural Resources and Agriculture during the Presidency of Corazon Aquino, past president of leading Philippine corporations such as the Philippine Airlines and the Philippine Associate Smelting and Refining Corporation, and the former Bank of the Philippine Islands Agricultural Bank. Sonny has a Master’s Degree in Business Administration from Ateneo De Manila University and attended the Executive Management Program at the Stanford University.
ALFONSO G. CUSI Secretary Department of Energy Vice Chairman of the TransCo Board
Age: 69 Date of Appointment: July 1, 2016
Energy Secretary Alfonso G. Cusi has more than four decades of leadership experience in both the private and public sectors. As a leader in the Philippine business sector, Cusi was engaged in the logistics and transportation industries. He was the Chairman of the Batangas-based shipping company Starlite Ferries, Inc., which is spearheading the modernization of the domestic shipping industry with its recent acquisition of brand-new roll-on, roll-off (ro-ro) commercial vessels custom built in Japan. He also founded and served as Chairman and President of various companies engaged in logistics and distribution, manning and crewing, maritime engineering as well as convenience stores. Recognized as a good corporate steward, he also served as Board Member of the mining firm Intex Resources Philippines, Inc., a subsidiary of the Norway-based Intex Resources ASA. Cusi started his career in the government service during the Arroyo administration, serving as General Manager of the Philippine Ports Authority (PPA) from February 2001 to July 2004. He was instrumental in the launch of the Strong Republic Nautical Highway that linked Luzon, Mindoro, Panay and Zamboanga del Norte in the country's western seaboard. He also served as General Manager of the Manila International Airport Authority (MIAA) from August 2004 to March 2010. He initiated the opening of the mothballed NAIA Terminal 3 in 2008.
As Director General of the Civil Aviation Authority of the Philippines from March to December 2010, he laid the groundwork for the restoration of the Category 1 status of the Philippine aviation industry. Cusi hails from Roxas town in Oriental Mindoro and from Cebu City. He earned his Bachelor of Science degree in 1972 from La Salle College in Bacolod, his Master’s degree in Business Administration in 1976 from the University of the Philippines-Cebu, and his Doctorate in Business degree, honoris causa, in 2008 from the Polytechnic University of the Philippines. He was also the Vice-Chairman of PDP-Laban prior to his appointment as a member of the Cabinet.
ROY A. CIMATU Secretary Department of Environment and Natural Resources
Age: 73 Date of Appointment: May 2017
A native of Bangui, Ilocos Norte, Secretary Roy A. Cimatu is a graduate of the public school system from the elementary up to high school. Despite this, he graduated from the Philippine Military Academy in the class of 1970. His eagerness to learn made him attain more scholastic achievements. This includes graduating from the Infantry Officers Advanced Course in the Philippine Army Training Command where he topped the course with a rating of 97.27%, an academic record which remains unsurpassed in the college history. He also graduated from the United States Army Command and Staff College in Fort Leavenworth, Kansas, USA. He also furthered his education with a degree in Master in Business Administration from the Ateneo Graduate School of Business. A skilled pilot of a helicopter and a fixed-wing aircraft, he was also a recipient of the Cavalier Award from the Philippine Military Academy Alumni Association and a Hall of Fame from the United States Command and General Staff college. All these academic accolades can be attributed to both his parents who are both teachers by profession. Being a Second Lieutenant, he was assigned as Company Commander in Patikul, Sulu during the Armed Forces of the Philippines (AFP) attack against the Moro National Liberation Front (MNLF) under its founding chairman Nur Misuari. In the 80s, meanwhile, he was sent to Northern Panay as Batallion Commander in Aklan, a place under the heavy influence of the New People’s Army (NPA). The vicinity is a highway of the northern towns, especially in Ibajay, Aklan, which was heavily infested by the NPA. The same highway was a gateway to the present-day Boracay Island, to which his successful efforts to clear the area from threats led to the development of the top tourist destination spot in the country today. He is also a Brigade Commander in Davao, Cotabato, and Sarangani, where he was promoted as a one-star general after his troops successfully rescued four hostages kidnapped by the Abu Sayyaf in Sarangani. As a Division Commander of the 4th Infantry Division, he lead his troops during the all-out war in Mindanao to capture the Moro Islamic Liberation Front (MILF) camps including Camp Abubakar under the Estrada administration in 2000.
His victories in the battlefield eventually led him to earn his second star and be awarded as the Distinguished Conduct Star, the second highest combat award, next only to the Medal of Valor. He then became Southcom Commander based in Zamboanga City as a three-star General. Secretary Cimatu’s ultimate recognition, however, is when he was appointed as the 29th Chief of Staff of the Armed Forces of the Philippines in May 2002. In his career as a civil servant, Cimatu was called again to serve the country when he was named as a Special Presidential Envoy to the Middle East with the rank of Ambassador. At the height of the US-Iraq war, his Middle East Preparedness Committee made sure that no overseas Filipino worker (OFW) was hurt, killed or displaced from employment because of the conflict. He was able to negotiate a successful release of a Filipino hostage named Angelo dela Cruz, who was kidnapped by Iraqi militants in Baghdad, Iraq in 2004. Cimatu received a Presidential Award because of his bravery and perspicacity as a strategist for the triumphant negotiation. Following dela Cruz’s freedom, Cimatu was also involved in the successful release of Filipino seamen held hostage in Somalia. His inherent wisdom and competence as a caretaker of OFWs led him to be reappointed as a Presidential Special Envoy to the Middle East by President Rodrigo Duterte.
ATTY. MELVIN A. MATIBAG President and CEO National Transmission Corporation
Age: 48 Date of Appointment: January 31, 2017
Atty. Matibag started his government service in October 2007 as Director at the Laguna Lake Development Authority representing the Office of the President. In December 2008, he moved on to become Head Executive Assistant to the General Manager at the Ninoy Aquino International Airport (NAIA). During this period, he was designated as Officer in Charge-Terminal Manager of NAIA Terminal 3 and later, as Officer in Charge-Assistant General Manager for Operations. In March 2010 he rose to become General Manager of the NAIA. As head of agency, he focused on airport safety and security together with the improvement and upgrading of airport terminals and major facilities. He also launched successful crackdowns against syndicates engaged in money laundering, robbery, drug smuggling and human trafficking. Atty. Matibag completed his law degree at the Ateneo de Manila University and passed the Philippine Bar Examinations in 1996. Prior to this, he was BA Philosophy graduate of the University of Santo Tomas. Pursuing higher education, he took up Master of Laws, major in Corporate and Finance Law at the Wayne State University in Michigan, USA. Soon after, Atty. Matibag also became a faculty member at the San Sebastian College of Law (October 1997-May 1998) and University of Manila (2014-present).
He practiced law as a Senior Associate at the Algarra Mutia & Trinidad Law Offices from April 1997-May 1998. He later became a Founding Partner at the Halili Certeza Matibag Law Office in February 2000. From 2003-2006, he worked as Legal and Political Affairs Consultant at the Office of the Governor in Laguna. Atty. Matibag completed the Corporate Governance Orientation Program for GOCCs conducted by the Institute of Corporate Directors (ICD) on December 3, 2018.
ATTY. GLADYS N. NALDA Representative for Visayas
Age: 41 Date of Appointment: April 2014 Atty. Gladys Nalda started her career in the government as Consultant for PNOC Exploration Corporation in 2013. A year thereafter, she joined PNOC Renewables Corporation as its Corporate Secretary and Vice President for Legal and Corporate Affairs. She previously worked as Corporate Secretary and General Counsel of a publicly listed company prior to entering government service. Atty. Nalda obtained her Bachelor in Business Administration degree at the University of the Philippines and finished her Bachelor of Laws degree from the University of Santo Tomas. She further completed a certificate course in International and Comparative Laws at the University of Strasbourg in 2015. Atty. Nalda is a lawyer by profession and a member of the Integrated Bar of the Philippines (Leyte Chapter). She was born and raised in Tacloban City. She completed the Professional Directors Program (June 2016) and the Corporate Governance Orientation Program for GOCCs (December 2018) conducted by ICD.
ATTY. JOSEPHINE CASSANDRA J.CUI Representative for Mindanao
Age: 50 Date of Appointment: April 2014 Atty. Josephine Cassandra J. Cui is a lawyer who has served the government in various capacities as early as 1991. She has served the city council of Cagayan de Oro City from 1991 until 1998, then she worked as Chief Political Affairs Officer in the House of Representatives from 1998 until June 2007. She was also a Consultant in the Committee of Rules of the House of Representatives until 2012. Atty. Cui became a Consultant of PNOC Exploration Corporation sometime in 2013 where she was detailed with the Office of the Secretary of Department of Energy. She was primarily involved in the handling of various energy issues of the department which involve administrative and LGU concerns. She is currently acting as Chief Legal Officer of PNOC Renewables Corporation. Atty. Cui completed her Bachelor of Laws from Ateneo de Cagayan (Xavier University). She finished her undergraduate degree in Bachelor of Arts in Communication from the University of the Philippines and Bachelor of Nursing from Kester Grant College as Cum Laude. Aside from being a lawyer, she is also a licensed nurse.
She participated in the Orientation Course on Corporate Governance (November 2014), the Distinguished Corporate Governance Speaker Series (November 2015), the Professional Directors Program (June 2016) and the Corporate Governance Orientation Program for GOCCs (December 2018) all of which were conducted by ICD.
ATTY. EDGARDO LL. PADILLA Corporate Secretary
Age: 55 Date of Appointment: June 8, 2009
The career of Atty. Edgardo L. Padilla in the electric power industry spans more than 15
years. His most recent is his designation as the Corporate Secretary of the National Transmission Corporation in July 2009 and holds the same position up to the present. He was also the Head of the Internal Audit Department of the National Transmission Corporation from March 2003 to July 2009 after serving as Legal Counsel at the Office of the General Counsel of National Transmission Corporation. He started his career in the electric power industry when he joined the Office of the General Counsel of the National Power Corporation 1991 to January 2003 where he served as Legal Counsel in various Build Operate Transfer (BOT) Law Projects/ Contracts of the National Power Corporation which lead to the solution of the power crisis in 1993 and the stability of the electric power supply of the country. In the same office he likewise served as Special Counsel in various Technical Working Groups in the procurement of Overhead/Submarine Transmission Line Projects of the National Power Corporation and funded by international financing institution i.e. World Bank, Asian Development Bank which lead to the interconnection of the Luzon and Visayas Grid. He also had the opportunity to serve as a Consultant to the Chairman of the Committee on Energy of the House of Representatives in the 12th Congress, including the Joint Congressional Power Commission (JCPC) during the preparation and deliberation of the IRR of R.A. 9136, known as Electric Power Industry Reform Act of 2001. He has been consistently elected as Member of the Board of Directors of the NPC- Employees Multi-Purpose Cooperative and served as the Chairman of the Board for two (2) terms. He finished his undergraduate degree in Economics at Xavier University in 1984 and completed his Bachelor of Laws in the same university. Atty. Padilla has also completed his Masters of Business Administration at the De La Salle University-Graduate School of Business in Manila. Atty. Padilla completed the Corporate Governance Orientation Program for GOCCs conducted by the ICD on December 3, 2018.
TRANSCO ANNUAL REPORT 2018
Published by:
National Transmission Corporation
Quezon Avenue corner BIR Road, Diliman, Quezon City
Tel: (632) 902-1500
Email: [email protected]
www.transco.ph
