Commissioners oppose River Democracy Act lagrandeobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lagrandeobserver.com Daily Mail and Mail on Sunday newspapers.
Published July 2, 2021, 1:03 PM
The Department of Energy (DOE) is being urged to exercise ‘utmost transparency’ on its anticipated approval of the 45-percent Malampaya equity divestment of Shell Philippines Exploration B.V. (SPEX) to Malampaya Energy XP Pte. Lt., a subsidiary of Udenna Corporation owned by businessman Dennis Uy.
That was the call of Senate Committee on Energy Chairman Sherwin T. Gatchalian, following pronouncement by Energy Secretary Alfonso G. Cusi that the ‘documents’ relating to the sale had already been submitted to the DOE.
“That (Shell-Udenna sale purchase agreement documents) had been submitted to us and we are evaluating the financial, technical capability of the transaction. It’s in process actually right now, so we don’t have decision on that yet,” Cusi said.
For once, energy consumer group has good things to say about ERC mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Locations: News Published Jun. 30, 2021 Share to Facebook Post to Twitter Email Governor Jared Polis visited the Roaring Fork Valley during on a busy Sunday, June 27; signing bills in Silverthorne, Basalt and Eagle. At the Basalt Vista Affordable House Community, Polis met with officials from Pitkin County, Holy Cross Energy board members and Habitat for Humanity representatives. Two bills were signed, the first (HB21-1271) supports local governments with grants for innovative affordable housing strategies; the second (SB21-060) aims to expand broadband access and afford-ability and was presented by Representative Dylan Roberts (left). Before zooming off to Eagle, Polis joined a tribute to essential workers at the Benedict Music Tent in Aspen. Photos by Raleigh Burleigh.
Senator Sherwin Gatchalian on Wednesday, June 30 said that his Senate Committee on Energy has been reviewing the performance of the National Grid Corporation of the Philippines (NGCP) and its compliance with its obligations under the constitution, the Electric Power Industry Reform Act, its franchise, and concession agreement.
“Maraming bagay na dapat nilang i-comply at tuloy tuloy yung aming review (There are many issues that need to be complied with). If they will comply then hindi na dapat galawin yung franchise (Then its franchise will not be touched). Binibigyan natin sila ng oras para ma-correct sila at kung hindi nila iko-correct or hindi sila magko-comply, that’s the time na mas drastic yung gagawin natin, to a point na baka ma-revoke yung franchise (We will give them time to correct them or if they do not comply, we may recommend drastic measures to be undertaken, to the point that their franchise may be revoked),” Gatchalian said, adding that any recommendation from