About this transcript: This is a full AI-generated transcript of Senate holds hearing on energy sector, electricity rates — July 23, 2026 from ANC 24/7, published July 23, 2026. The transcript contains 15,938 words with timestamps and was generated using Whisper AI.
"Morning, ladies and gentlemen. Welcome to the Committee on Energy Public Hearing. This hearing of the Committee on Energy is hereby called to order. Before we start, allow me to deliver my opening statement, and then followed by my fellow senators are expected to attend also some of them, and after"
[1:33] Morning, ladies and gentlemen. Welcome to the Committee on Energy Public Hearing.
[1:49] This hearing of the Committee on Energy is hereby called to order.
[2:03] Before we start, allow me to deliver my opening statement,
[2:09] and then followed by my fellow senators are expected to attend also some of them,
[2:18] and after which, we'll try to hear their opening statement also,
[2:23] and the introduction of our guest speakers today, our resource persons.
[2:31] Anyway, after more than 20 years, it is only proper that we ask a simple but important question.
[2:43] Has EPIRA law really delivered on its promises? Has it? I don't know.
[2:51] That's what we're going to find out today. This hearing is not intended to undermine the law or to assign blame.
[3:01] Rather, it is an opportunity to honestly assess whether the objectives of the law have been realized
[3:08] and whether reforms are now necessary.
[3:14] Hanggang ngayon po kasi, marami pa rin Pilipino ang nagtatanong kung bakit nananatiling napakataas ng presyo po
[3:21] ng ating kuryente sa maraming bahagi ng bansa.
[3:26] Marami ang hindi nakakaintindi o makaintindi kung bakit patuloy na tumataas ang kanilang electric bill.
[3:33] Samantalang ang pangako noon ay bababa ang presyo dahil sa kompetisyon, dahil po sa EPIRA.
[3:43] Mas nakakabahala pa rito ang patuloy na nararanasang mga brownouts sa iba't ibang lalawigan.
[3:49] Ang madalas na pagkawala ng kuryente ay hindi lamang abala sa mga tahanan.
[3:56] Naapektuhan din po ang mga negosyo, pag-aaral ng mga kabataan ng operasyon ng mga ospital
[4:03] at maging ang pagpasok ng mga bagong mamumuhunan or investors.
[4:09] Bilang reliable and affordable electricity is not a luxury.
[4:20] It is essential to economic development, public services, education, healthcare, and the quality of life of every Filipino family.
[4:30] Bilang mambabatas po, tungkulin naming tiyaki ng aming mga batas or ating mga batas ay tunay na nagsisilbi sa interes ng sambayanan.
[4:41] Kung may mga probisyon ng EPIRA na kailangan ng baguhin, palakasin, o alisin upang mas maprotektahan ang mga consumer
[4:50] at mapabuti pa ang serbisyo, hindi po tayo dapat magatubiling gawin ito.
[4:57] And also today, we'll be introducing several bills during this hearing.
[5:05] Laws are meant to respond to the needs of the people.
[5:08] And when circumstances change or shortcomings become evident, it is our duty to act.
[5:18] With that, I thank all our resource persons for their presence and participation.
[5:25] Thank you.
[5:25] And this hearing is now called to order.
[5:35] May we now request the Committee Secretary Attorney Grace Ann Selesa to acknowledge our resource persons and guests present today at COMSEC.
[5:43] Good morning, Mr. Chair.
[5:45] Good morning, everyone.
[5:46] Allow me to acknowledge our guests and resource persons for today's public hearing.
[5:51] From the Department of Energy, we have USEC Rio Inocencio with Attorney Beatriz Ann Ubendan and Attorney Leticia Blancaflor.
[6:01] From the Energy Regulatory Commission, we have Attorney Francis Saturnino Juan and Attorney Christian Marie Buela,
[6:12] Engineer Alvin Jones-Ortega and Engineer Jason Corpus.
[6:15] From the National Electrification Administration, we have Mr. Luis Francisco Almeida with Attorney Rosan Rosero-Lee.
[6:26] And from the Department of Social Welfare and Development, we have Director Jonathan Anteza.
[6:34] From the Department of Finance, we have Attorney Manuel Rodriguez II and Attorney Jericho Cadorna.
[6:43] And Attorney John Cedric Comon.
[6:45] From the Department of Budget and Management, we have Mr. Reynaldo Moreno.
[6:50] From the Department of Economy, Planning and Development, we have Mr. Armando Ramirez III.
[6:57] From the National Power Corporation, we have Mr. Jericho Jonas Nograles.
[7:04] From the National Transmission Corporation, we have Attorney Marbeth Laconico Hernandez.
[7:16] From the Power Sector Assets and Liabilities Management Corporation, we have Attorney Janine Ismael.
[7:23] Attorney Graciela Plumang Gutierrez.
[7:26] From the Philippine Competition Commission, we have Attorney Franzine Poronda and Mr. Carlos Tolentino II.
[7:37] And Attorney Camille Ann Mendez-Zabal.
[7:40] From the...
[7:41] Attorney Grace.
[7:42] I'm sorry.
[7:43] I'd just like to, for cutting you there, I'd just like to acknowledge the presence of my colleague, Senator J.B. Hercito.
[7:52] Go ahead.
[7:53] And from the Philippine Electricity Market Corporation, we have Mr. Noel Aboboto and Attorney Andrea Mendiola and Mark Anthony Andrada.
[8:05] From the Independent Electricity Market Operator of the Philippines, IMOP, we have Engineer Isidro Cacho Jr., Lilibeth Grace Vetus, and Attorney Christopher Monico Nang, and Engineer Chris Warren Manalo.
[8:19] From the Manila Electric Company, we have Attorney Jose Ronald Vallez and Roderick Denison Naku.
[8:28] From the First Gen Corporation, we have Ms. Charlene Nicole Ambrosio.
[8:37] From the San Miguel Global Power Holdings, we have Mr. Warren Patrick Belvis.
[8:43] From the National Grid Corporation of the Philippines, we have Mr. Reddy Alan Remorosa and Attorney Lali Maliari.
[8:54] From the Oriental Mindoro Electric Cooperative, or MECO, we have Engineer Humphrey Dolor.
[8:59] From the Palawan Electric Cooperative, Paleco, we have Mr. Res Contrivida and Trujillo Bailon.
[9:07] From the Peninsula Electric Cooperative, we have Ms. Renée Rose de los Reyes.
[9:16] From the Philippine Rural Electric Cooperatives Association, Philreca, we have Ms. Janine Gonzales.
[9:24] From the Philippine Electric Plant Owners Association, we have Attorney Ranulfo Ocampo.
[9:30] From the Philippine Independent Power Producers Association, we have Attorney Diane Margaret Uy.
[9:36] From the Developers of Renewable Energy for Advancement Dream, we have Attorney Jose Layug.
[9:48] From Transco, we have Attorney Joseph Castillo.
[9:53] From Philhydro Association, we have Engineer Francis Joel Sayre.
[10:01] From the Philippine Chamber of Commerce and Industry, we have Ms. Angela Bea de Luna.
[10:06] From the Institute for Climate and Sustainable Cities, we have Marie-Claire Miranda.
[10:13] From the Center for Energy, Ecology, and Development, we have Mr. Brin Raizulili Aysaac.
[10:22] From the Energy—well, that would be all, Mr. Chair.
[10:27] Everyone has been acknowledged.
[10:29] Thank you, Komsak.
[10:30] Before we hear the presentation of the various agencies present today, Sanjay B, do you have any opening statement?
[10:41] Thank you, Mr. Chair.
[10:42] Good morning, everyone.
[10:43] Maganda umaga po siya yung lahat.
[10:44] First of all, I'd like to thank the Chair for prioritizing this very important measure, the hearing on the amendments, the APRALO.
[10:53] Just a few days ago, the Department of Energy has announced that the Philippines is now number one in Southeast Asia, but not for something we should be proud of.
[11:04] Ang Pilipinas na raw ang may pinakamahal na presyo ng kuryente sa buong Southeast Asia.
[11:11] Nakakabahala po ang impormasyon na ito dahil ang mataas na singil sa kuryente ay direktang pasanin ng bawat pamilyang Pilipino at malaking hadlang sa paglago ng mga negosyo at ng ating ekonomiya.
[11:22] Just last week, Mr. Chair, we were together in the hearing on the Master Plan for Infrastructure and National Development.
[11:31] We are trailing behind our Southeast Asian neighbors.
[11:35] Huwag na natin isama ang Asian eh.
[11:37] Sa Southeast Asia na lang.
[11:39] We are trailing our Southeast Asian neighbors in terms of economic development because for two, a lot of factors.
[11:46] But the main factors is one, poor infrastructure, and second, the high cost of electricity.
[11:51] The ongoing tension in the Middle East has exposed our heavy dependence on imported coal and natural gas, making our energy supply vulnerable to geopolitical events.
[12:02] Kasabay nito, nakaabang din ang tuluyang depresyon ng malampaya gas field sa mga susunod na taon,
[12:07] na lalong nagbibigay diin sa ating agarapangangailangan palakasin ang ating energy security.
[12:13] The Electric Power Industry Reform Act, or EPIRA, promised to foster competition, attract investments, lower electricity costs, and ensure a stable and reliable supply of power.
[12:29] Ngunit 25 taon na maipatupad ng EPIRA, hindi pa rin malinaw ang katuparan ng pangako ito.
[12:36] EPIRA promised to lower the power rates by encouraging competition, by privatizing the National Power Corporation, the NAPRO Core Power Plants.
[12:51] And 20 years after, ang natuloy po, yung privatization, natuloy po yung competition, pero ang hindi natuloy, yung pagbaba ng presyo ng kuryente.
[13:01] EPIRA was passed, just for the record, just in hindsight, Mr. Chair, 2001, June of 2001, just six months after the administration of Gloria Macapal-Arroyo took over.
[13:18] Ang nakakalungkot dito ay sabi nga, maraming nakakuha ng envelope ng mga panahon na yun sa Kongreso.
[13:26] So, siguro, yan ang dahilan na kawawa naman, pinagpalit tayo sa ngayon na pinapasan ng sambayanan ngayon na hindi tayo umuusad dahil sa mataas na presyo ng kuryente.
[13:41] Hanggang ngayon, maraming bahagi ng bansa ang patuloy na rin na nakakaranas na power interruptions at rotating brownouts.
[13:47] Mayroon pa rin mga komunidad na kulang o wala pang sapat na akses sa kuryente.
[13:52] At higit sa lahat, mataas pa rin ang singin sa kuryente.
[13:54] Sa hirin nito, i-unbundle po natin ang mga dahilan kung bakit sa kabila ng mataas na singin sa kuryente,
[14:03] madalas pa rin naranasan ang brownout at hindi maayos na servisyo.
[14:07] So again, I would like to thank the chairperson of the committee for convening this timely, important hearing at mara, siguro po, dara, napapanahon lang.
[14:17] After more than 20 years, upon the passage of Epirah, its promises,
[14:23] yung kanya pong intensyon na ibaba ang presyo ng kuryente ay hindi po natupad.
[14:29] So yan po ang dapat nating tignan at mapag-aralan sa mga susunahan.
[14:34] Maraming salamat, Mr. Chair.
[14:36] Thank you, Senjavy.
[14:38] To facilitate an orderly discussion,
[14:40] the committee will first hear from the concerned government agencies,
[14:44] followed by representatives from the power sector, industry associations, and consumer and advocacy groups.
[14:51] We shall begin with the Department of Energy, followed by the ERC,
[14:56] each with five minutes to present, unless the chair requests a more detailed briefing.
[15:01] Following the presentations of government agencies,
[15:03] the committee will hear from representatives of the utility sector,
[15:07] including distribution, utilities, generation companies, transmission sector, and electric cooperatives,
[15:14] to be followed by stakeholders and industry associations,
[15:17] including representatives from the Renewable Energy Organization, power producers,
[15:23] business groups, and other relevant industry participants.
[15:27] And lastly, the consumer and advocacy groups.
[15:30] Ito po yung mga ikang ang nagre-reklamo,
[15:33] and they believe na parang wala pong saisay itong ating Epirah law.
[15:39] Anyway, to ensure that everyone has an opportunity to be heard
[15:42] and to allow sufficient time for discussion,
[15:44] we like us to request all non-government resource persons
[15:47] to limit their presentations to three minutes
[15:50] para lahat po mapagbigyan at marinig po natin ngayong araw.
[15:54] Should any member wish to seek clarification
[15:56] or raise a matter requiring immediate attention,
[16:00] the chair will be pleased to recognize us questions at the appropriate time.
[16:04] Let us begin with the presentation of government agencies,
[16:07] COMSEC, with the Department of Energy.
[16:09] Okay. All right.
[16:14] Then let's start with the Energy Regulatory Commission.
[16:21] Thank you, Mr. Chair, Senator Tulfo,
[16:24] Senator J.V. Ercito, my colleagues in the power industry.
[16:28] Good morning.
[16:29] Thank you for the opportunity to present the Commission's position
[16:32] on the pending bills seeking to restructure
[16:35] and strengthen the Energy Regulatory Commission.
[16:38] We have submitted a detailed position paper
[16:41] and matrix of our comments thereon.
[16:44] And I would like to summarize its key points.
[16:47] The ERC supports several of the reforms proposed in these bills.
[16:52] We welcome stricter qualifications and conflict of interest rules
[16:56] for commissioners, including cooling off periods
[16:59] as sound anti-corruption safeguards.
[17:02] We support clarifying the chairperson's role
[17:05] as chief executive of the commission for day-to-day operations,
[17:10] greater flexibility in the use of ERC income for technology and employee upskilling,
[17:17] a formal mechanism for consumer representation in our proceedings,
[17:21] and the creation of a grid reliability management committee
[17:25] to strengthen grid oversight.
[17:28] That said, we respectfully urge caution on two specific proposals.
[17:33] First, on increasing the number of commissioners,
[17:37] our experience shows that the commission's backlogs and delays
[17:41] stem not from too few commissioners,
[17:44] but from leadership and internal governance challenges.
[17:48] Past increases in ERC's budget and personnel
[17:51] have not produced a proportional increase in decisions and orders issued,
[17:57] having more commissioners risks institutionalizing gridlock
[18:03] rather than resolving it.
[18:05] The real gap is not the number of people,
[18:08] but our ability to attract and retain highly experienced engineers,
[18:13] economists, and regulatory professionals
[18:15] who can compete with private sector offers.
[18:19] Second, on designating the executive director as CEO
[18:23] with executive authority over the commission,
[18:26] The executive director is not a presidential appointee
[18:30] and is not subject to the same accountability as the commissioners.
[18:35] Placing executive power in that office
[18:37] would divorce authority from public accountability
[18:40] and create, in effect, an unaccountable shadow regulator.
[18:45] We believe this does not solve a leadership problem.
[18:49] It deepens it.
[18:51] Our recommendation to this committee is to focus on reforms,
[18:54] on what will actually move the needle,
[18:57] give the ERC budgetary flexibility to hire and retain top technical talent,
[19:03] allow the commission to propose its own organizational adjustments
[19:07] for presidential approval,
[19:10] mandate clear published performance metrics and timelines for case resolution,
[19:14] and prioritize the appointment of commissioners
[19:17] with proven managerial competence and integrity.
[19:21] In short, the ERC does not need to be overhauled.
[19:25] It only needs the right people,
[19:27] clear accountability,
[19:28] and operational tools to do its job well.
[19:31] And we look forward to working with the committee
[19:33] to achieve that shared goal.
[19:35] Thank you, Mr. Chair.
[19:36] Thank you, Attorney Francis, Attorney Ngo Juan.
[19:40] Before we continue and move on,
[19:42] let me just acknowledge the presence of our Senate President,
[19:46] SP Nguyen Gachalian.
[19:48] SP, do you have any opening remarks or statement?
[19:51] Thank you, Mr. Chairman.
[19:53] Mr. Chairman, I just want to show two slides.
[19:57] We'll show slide number two, Elena.
[20:02] And this is related to the topic at hand.
[20:05] A few weeks ago, ito po yung bumulaga sa atin
[20:11] na dito po sa Southeast Asia,
[20:14] meron na tayong, o tayo na ang pinakamataas na kuryente
[20:17] sa buong Southeast Asia.
[20:22] Nakakagulat ito dahil alam po naman natin
[20:24] na nasabay ho ito sa pagtaas po ng presyo ng langis.
[20:28] At alam po natin na marami ho tayong mga kababayan na
[20:31] na hirap na ho magbayad ng pamasahe ngayon.
[20:36] Nahirapan ho silang magbayad ng kuryente.
[20:40] At ako ho ang aking paniniwala
[20:43] para po mapababa ho natin ang ating presyo ng kuryente.
[20:48] Importante po ang isang malakas at efektibong regulator.
[20:53] Nasa deregulated environment ho tayo.
[20:56] So umaasa ho tayo sa regulator ho natin
[20:58] na una-una, protectahan ang ating mga consumers.
[21:02] At pangalawa, wag ho mag-charge ng labis-labis po yung mga kumpanya.
[21:06] Alam po naman ho natin na nasa pribadong sektor
[21:09] na ang buong electric power industry
[21:12] from generation to transmission to distribution to retail.
[21:16] Lahat ho yan nasa kamay na ho ng pribadong sektor.
[21:20] Kaya umaasa ho tayo sa regulator, sa ERC,
[21:23] sa pamumunong po ni Atty.1
[21:25] na siguraduhin na yung pinapasaw ho sa atin
[21:28] ay tama at hindi ho labis
[21:30] at hindi ho sila sumusobra sa pagpasaw ho sa atin.
[21:34] Lahat ho ito ay pass on.
[21:36] From generation hanggang sa electricity bill ho natin, pass on.
[21:41] Kaya dito ho sa pagtalakay ho natin ng charter
[21:46] o pag-amenda ng IPIRA,
[21:49] importante po na gawin ho natin effective
[21:52] at efficient ang regulator ho natin.
[22:00] Naniniwala po ako na dapat ho dagdagan pa yung kanilang kapangarihan.
[22:05] For example, yung mga pagpataw po ng mga penalties.
[22:10] Dahil yung pagpataw ho ng penalties,
[22:13] ipira tayo pa ho yung fees na pinapataw.
[22:18] So isa sa mga dapat ho natin tignan,
[22:21] taasan po yung pagpataw po ng fees.
[22:23] At pangalawa,
[22:24] siguraduhin po na mabigyan ho sila ng tamang suporta
[22:28] at tamang capability na ma-review lahat po ng pinapasaw ho sa atin.
[22:34] At pamayaho, throughout the conversation
[22:36] and throughout the discussion,
[22:39] meron po akong i-bring up sa ERC
[22:41] na tingin ko isa ho sa dahilan
[22:43] kung bakit po tumataas po ang presyo ng kuryente ho sa atin.
[22:47] Kaya ang panawagan ko nga sa ERC,
[22:49] huwag isabay sa pagtaas ng gusilina.
[22:51] Gawin na ho natin staggered.
[22:53] Nahirap na hirap na ho yung mga kababayan ho natin
[22:55] dahil tumaas na yung presyo ng langis,
[22:57] tumaas ang presyo ng masay.
[22:59] Ngayon, sasabay pa yung presyo ng kuryente.
[23:01] So, isa sa mga pwede natin gawin is staggered yung pagtaas.
[23:07] Pero mamayaho, as we go along,
[23:08] well, I'll show some data na dapat ho tignan ng ERC
[23:13] para masigurado na hindi ho pinapasa lahat
[23:16] ng gusto kong ipasa ng mga kumpanya sa atin.
[23:18] Maraming salamat, Mr. Chairman.
[23:20] Thank you, SP Winn Gatchilyan.
[23:23] Before we move to the Department of Energy,
[23:29] Attorney Juan, I just have a couple of quick questions.
[23:33] Before my wife knew that I'm coming over
[23:38] and will have this hearing on energy,
[23:41] tanong niya lang po, tanong ko daw sa inyo sa ERC.
[23:46] Wala po talagang magawa ang ERC
[23:49] para mamintine or ika nga,
[23:53] mapigilan kung hindi man magawa ng paraan
[23:58] itong sobrang mahal ng presyo ng kuryente.
[24:01] That's one of the questions.
[24:02] At hindi lang po siya nagtatanong,
[24:04] maray po nagtatanong.
[24:05] Parang napaka-inutil po ng gobyerno natin.
[24:09] Ninyo po, ng inyong opisina,
[24:11] pasensya na ho kayo,
[24:12] wala ho ba kayong magawa?
[24:13] Can't you stop this?
[24:15] Can't you control this?
[24:17] What is it?
[24:17] Please explain.
[24:18] Kasi marami po nakikinig sa atin yung mga kabahay natin.
[24:21] Parang we're at the mercy of the power generators,
[24:25] distributors.
[24:27] Pag tinignan mo ang electric bill,
[24:28] lahat pinasa na sa tao.
[24:30] Wala bang pwedeng sagutin?
[24:33] Pati yung mga systems laws,
[24:36] Panginoon ko,
[24:37] na nag-evaporate sa hangin,
[24:39] it's a charge pa sa tao.
[24:41] Why?
[24:42] Is it?
[24:42] Is it?
[24:43] I'm sorry.
[24:44] Can you explain?
[24:45] Kasi marami po nakikinig ngayon,
[24:47] gusto nilang malinawan,
[24:48] attorney Juan,
[24:50] anong ginagawa ng ERC
[24:52] o tali ba ang mga kamay ninyo?
[24:54] What is it?
[24:56] Kayo pong ipira,
[24:58] hinati ang power industry into four sectors,
[25:02] ang generation,
[25:03] transmission,
[25:04] distribution,
[25:05] at supply.
[25:06] Dito sa apat na sektor na ito,
[25:08] dadalawang sektor lang
[25:09] ang nire-regulate ng ERC.
[25:11] Ito ay yung transmission
[25:13] at distribution.
[25:14] Kung titignan natin ito,
[25:16] in relation to our total electricity bill,
[25:19] mga nasa 20-22% lang po ito.
[25:23] Ito po ang singil na itinatakda ng komisyon
[25:26] sa pamamagitan ng performance-based regulation
[25:30] at iba pang metodolohiya na applicable
[25:32] para sa ating mga electric cooperatives.
[25:35] 20-22%.
[25:37] Ito po ay hindi gumalaw.
[25:40] Pagdating sa distribution,
[25:42] huling na itakda ang mga singil nila
[25:44] mahigit sampung taon na.
[25:46] So, isang dekada,
[25:48] hindi yan gumagalaw.
[25:49] Kung titignan po natin,
[25:51] yung component na yan sa ating bill
[25:53] na nire-regulate ng komisyon,
[25:55] hindi po yan nagbabago buwan-buwan.
[25:58] Yan po ay constant
[25:59] dahil yan ay maaari lang baguhin
[26:01] ang ating mga distribution utilities
[26:03] kung sakaling nagkaroon na ng aplikasyon,
[26:07] nagkaroon ng mga pagdinig,
[26:08] at nagkaroon ng pagdidesisyon ang komisyon
[26:10] kung ano ang kanilang nararapat na singilin.
[26:13] Attorney Juan, let me, let me,
[26:14] I'm sorry po ha.
[26:15] You said na matagal na pong hindi nakasingil.
[26:19] So, justifiable na maningil na sila ngayon
[26:24] pan napapanahon na dahil 10 years na silang hindi naniningil.
[26:28] So, are you saying na tama lang maningil sila?
[26:32] Pero pagtingnan po natin, Attorney Juan,
[26:35] ang dami yung problema natin,
[26:36] nandiyan pa, sumasabay po,
[26:38] tama po yung Senate President natin,
[26:40] baka pwede namang i-hold,
[26:42] baka kaya pang i-hold.
[26:43] Huwag naman ngayon na may problema tayo,
[26:46] may fuel crisis sa Middle East ngayon,
[26:49] sasabay po ito,
[26:50] yung gasolina,
[26:53] crude petrol,
[26:53] sasabayan pa po ng kuryente.
[26:56] Paano na lamang ho?
[26:57] Can we,
[26:59] kailangan ba talagang pumayag,
[27:00] taasan kasi sabi nyo nga,
[27:02] 10 years na hindi gumagalaw,
[27:04] so kailangan nating payagan
[27:05] because matagal silang hindi nakasingil ng ganito,
[27:08] hindi tumataas.
[27:09] So, kailangan,
[27:10] okay lang na sumabay sila sa pagtaas ng produkto ng petrolyo?
[27:14] Gaya po lang nasabi ko, Mr. Chair,
[27:16] hindi gumagalaw itong singil na ito sa loob ng mahigit sampung taon na
[27:20] at hindi ito gumagalaw nitong mga nakalipas na buwan.
[27:23] Ang gumagalaw sa ating singil ay yung pinakamalaki ang generation component,
[27:29] kasama na rin yung sa transmission charge na ang nakapaloob dito
[27:34] ay yung ancillary na generation related din.
[27:37] Kasama,
[27:38] siyempre,
[27:38] kapag kagumalaw ang generation,
[27:40] dahil mayroong mga buwis na ipinapataw dito,
[27:43] nakakaroon din ng pagtaas pagdating sa VAT on generation,
[27:48] ganoon din sa ancillary services charge na nakapaloob sa transmission charge.
[27:54] Ito po ang malaking component at kanalagasan,
[27:57] ito ay naitatakda sa pamamagitan ng interaksyon ng supply and demand.
[28:02] Nagkaroon ng malaking pagtataas dito sa generation component,
[28:06] lalo na itong mga nakalipas na buwan,
[28:08] dahil nagtaasan ang presyo ng mga inputs na ginagamit sa paglikha ng kuryente
[28:13] at ito ay yung presyo ng mismong langis
[28:17] o kaya ay presyo ng liquefied natural gas na ginagamit na pangsunog upang lumikha ng kuryente.
[28:25] Ang mga gastos po na ito,
[28:26] ito nga po yung nabanggit na pass-through charges.
[28:29] Mayroon din po na epekto,
[28:31] dahil nga competitive itong sektor na ito,
[28:34] batay doon sa epira,
[28:36] kapag ka sa level ng supply
[28:40] at magkaroon ng pagtaas sa demand,
[28:43] tulad nung naranasan natin itong mga nakalipas na buwan at tag-init,
[28:48] ay nagkakaroon ng pagtaas sa singilan sa pagdating sa wholesale electricity spot market.
[28:54] Ito po ay yung merkado na nagre-react doon sa kondisyon ng supply at demand.
[28:59] At kapag ka po itong operating margin ay nagdikit,
[29:04] ay talagang umaabot kadalasan sa itinakda ng komisyon na price cap
[29:11] o yung offer cap pagdating sa USM.
[29:14] Ito po ay naayo naman doon sa USM rules
[29:16] na pinasinaya,
[29:19] batay na rin doon sa section 30 ng epira.
[29:22] So ito po yung napakalaking bahagi.
[29:24] At ito po ay maaring ma-address
[29:28] Kung una, magkakaroon tayo ng karagdagang pamumuhunan sa karagdagang supply,
[29:34] hindi lang sa generation capacity natin,
[29:37] kundi sa transmission na din.
[29:39] Dahil pribadong sektor na ang kinakailangang mamuhunan,
[29:42] wala na rin po kasing kakayahan ang gobyerno
[29:45] dahil sa batas sinabi na ang pribadong mga kumpanya ang dapat mamuhunan.
[29:50] Ang aming partisipasyon pagdating dito sa napakalaking bahagi ng ating bill
[29:56] ay yung magkaroon tayo ng regulatory environment.
[29:59] Nang isang regulatory framework,
[30:03] para nang sa ganun,
[30:04] itong mga malalaking puhunan na ito ay papasok.
[30:07] Dahil po, hindi naman mag-i-invest itong mga private companies,
[30:11] maglalagay ng kanilang kapital
[30:14] at makakapangutang sila upang makapagtayo ng planta.
[30:17] Kung ang nakikita nila ay yung presyo nila
[30:21] ay hindi nila mare-recover
[30:23] kahit man lang yung gastos nila
[30:25] at yung reasonable return.
[30:28] At ito naman pong pagdating sa reasonable return,
[30:31] kung magkakaroon ng competition
[30:32] sa kanilang pagsusupply
[30:34] sa mga distribution utilities
[30:36] at sa mga retail suppliers,
[30:38] dito naman supposedly gagana yung competition.
[30:42] At sila, mga competitors,
[30:44] magpabababaan ng kanilang singil
[30:46] nang sa ganun ay makuha nila yung merkado,
[30:48] makuha nila na masuplayan ng Meralco,
[30:51] ang ibang mga kooperatiba,
[30:53] ang mga res, ang mga contestable customers.
[30:56] Dito po sana gagana yung competition
[30:58] na magpapababa sa singil, sa kuryente.
[31:02] Unfortunately, wala pa tayo dun sa antas
[31:04] na mayroon tayong enough na supply.
[31:07] Kasi sa tuwing nagkakaroon ng pagdagdag
[31:10] sa kapasidad, sa generation,
[31:11] tumataas din po ang demand.
[31:13] O kaya naman, may mga bagong ang planta,
[31:15] pero mayroon din na mga mga planta
[31:17] na unti-unti ay minomotball na
[31:19] dahil tumanda na.
[31:21] So, nababawasan din ang ating supply
[31:25] o yung install the generation capacity.
[31:27] At nagkakaroon din po tayo
[31:29] ng mga pagbabago sa portfolio ng mga planta
[31:32] dahil meron na rin po tayo
[31:34] mga renewable, mga intermittent plants
[31:36] na mangangailangan naman
[31:38] ng karagdagang investment
[31:40] pagdating sa transmission.
[31:41] Dahil po, kinakailangan na
[31:43] maabot sila ng mga linya ng transmission
[31:46] at hindi lang yun,
[31:47] kinakailangan na magkaroon din
[31:49] ng pagbabalanse.
[31:50] Kung kailan sila available,
[31:52] kung kailan sila nakalilikan ng kuryente
[31:53] at kung ano naman ang gagawin natin
[31:56] kung sakaling wala sila.
[31:58] So, ito po ay mga ngahulugan
[32:00] na kailangan na karagdagang investments
[32:02] dito din po sa transmission
[32:04] at doon sa mga iba pang mga planta
[32:07] na dapat patakbuhin,
[32:08] lalo pat nakikita natin
[32:10] halimbawa ngayon ang pagdagsa
[32:11] ng mga solar plant
[32:13] at nakikita natin ang pagbaba
[32:15] ng demand
[32:17] pagdating sa katanghalian.
[32:19] Pero ang pagsirit naman ito,
[32:21] kapag kahapon na
[32:22] or gabi na,
[32:23] so kakailanganin habulin ito
[32:25] ng karagdagang generation capacity
[32:27] na hindi tulad dati
[32:28] na magdagdag ka lang ng base load,
[32:30] ayos na.
[32:31] Pero ito po,
[32:32] baka kakailanganin natin
[32:33] ng iba pang teknolohya
[32:34] tulad ng mga flexible na gas plants
[32:36] na maaring may dagdag din na singil
[32:40] pagdating naman doon
[32:41] sa kanilang pagbebenta
[32:42] ng kuryente nila
[32:44] dahil makatatakbo lang sila
[32:46] during these hours
[32:47] na kailangan sila ng sistema.
[32:50] So,
[32:51] yun po ang kadalasa
[32:52] na nagiging dahilan.
[32:54] Ay kalawa pong klase
[32:55] ng drivers,
[32:56] cost drivers
[32:57] ng ating singil
[32:58] ay yung policy.
[32:59] Meron po tayong policy
[33:00] na itinakda sa ipira,
[33:02] walang subsidy ang gobyerno.
[33:03] So, lahat ito,
[33:04] yung ating singil,
[33:06] talagang nire-reflect
[33:06] ang true cost
[33:07] ng power.
[33:08] Kalawa,
[33:09] meron tayong pagbubuwis.
[33:11] Bukod doon sa VAT,
[33:12] meron pa tayong
[33:13] mga local taxes,
[33:15] business taxes.
[33:17] Lahat po ito
[33:17] ay napapasama doon
[33:19] sa gastusin
[33:19] at meron din po siyang
[33:20] separate line items
[33:21] sa ating bill.
[33:23] Nabanggit nyo din po,
[33:24] kasama dyan
[33:24] ang system laws
[33:25] na binubuwisan din po.
[33:29] Yun na nga po
[33:30] yung reklamo
[33:30] ng mga kababayan
[33:31] but anyway,
[33:32] babalikan po natin yan.
[33:35] Kito po,
[33:35] correct me if I'm wrong,
[33:36] di po ba
[33:37] ang mga
[33:37] distributors
[33:39] kumukuha po
[33:40] ng power
[33:41] sa generators,
[33:42] di po ba?
[33:42] Power generators.
[33:44] At dito po
[33:44] ay pinapabiding po yan.
[33:46] Tama po ba ako?
[33:47] Opo, tama po.
[33:47] Kung nari,
[33:48] kailangan ko,
[33:49] ako ay si distributor,
[33:50] kailangan ko ng kuryente,
[33:52] magkakaroon ako ng bidding,
[33:54] tatlo,
[33:54] apat na generator,
[33:56] tama?
[33:57] Opo, tama.
[33:57] Pero may mga reklamo po
[33:58] ako natatanggap
[34:00] na natalo sila
[34:02] sa bidding,
[34:03] mas mura sila doon
[34:04] na ipanalo
[34:06] nung distributor.
[34:09] Why is that?
[34:10] Sabi nga nila,
[34:11] Sir, siguro,
[34:12] Sen,
[34:13] kung kami yung nanalo,
[34:14] baka mas mura.
[34:15] Mas mahalo sila eh,
[34:16] ng ilang kilowatt hour po
[34:18] yung presyo.
[34:20] Hindi tataka kami.
[34:22] Ngayon,
[34:22] yung sanasabi,
[34:23] kung sasabihin po
[34:24] ng generator
[34:24] nung distributor sa atin,
[34:26] eh kasi
[34:27] meron naman kaming mga
[34:29] qualifications,
[34:31] di ba?
[34:31] 24-7.
[34:32] Eh sagot naman po sa akin,
[34:33] meron din naman po kami,
[34:34] Sir,
[34:35] besides,
[34:35] ba't lang kami pinasali?
[34:36] Sana dinicue
[34:37] agad nila kami
[34:38] dahil hindi kami,
[34:40] hindi namin kaya,
[34:40] pero nung sa bidding na po,
[34:42] nagtaka sila,
[34:43] nanalo po ng medyo mas mahal.
[34:45] Ayun pala,
[34:45] they found out,
[34:47] na yung palang pinanalo,
[34:48] eh kumpanya rin po
[34:50] nung ika nga,
[34:51] nung distributor.
[34:53] So how is that?
[34:54] Inimbestigahan nyo ba
[34:55] ito mga bagay?
[34:55] Nakikialam ba kayo doon
[34:56] sa mga bidding-bidding na ito?
[34:59] Siyempre,
[34:59] talagang mahal po
[35:00] ang magiging single
[35:01] kasi mahal na
[35:02] ang bilig agad ng distributor.
[35:04] Pero kung siguro
[35:05] sa mas mura
[35:06] ang kinuha niyang power
[35:08] doon sa generator,
[35:10] papababa siguro.
[35:11] Will you agree with me,
[35:12] Attorney Juan?
[35:14] Yes po,
[35:15] tama po yan,
[35:16] Mr. Che.
[35:16] And we have identified that
[35:18] as a regulatory gap
[35:19] because under our current rules,
[35:22] after the certification
[35:24] by the Department of Energy
[35:26] that the distribution utilities
[35:29] proposed CSP
[35:30] is aligned with its PSPP,
[35:32] it will go ahead
[35:34] and actually conduct the CSP.
[35:36] And if a PSA
[35:39] is executed
[35:41] as a result of that
[35:42] and submitted to the ERC,
[35:43] what we're doing
[35:44] is just looking at the process
[35:46] if the process was followed,
[35:48] if the requirements of,
[35:50] the CSP requirements
[35:51] of the Department of Energy
[35:53] have been met,
[35:53] then we approve the contract
[35:55] as it is.
[35:56] But we have heard also...
[35:58] Sir, masingit lang po ako.
[36:00] So, after the bidding,
[36:01] sabihin natin na panalo,
[36:02] hindi ba kayo pwede makialam?
[36:03] Hindi ba ninyo pwede ikumpara
[36:05] si bidder number one,
[36:07] number two,
[36:08] number three,
[36:08] number four?
[36:09] Bakit si number four
[36:10] ang nanalo?
[36:11] E mas mahal siya
[36:11] doon sa number one
[36:12] o number two.
[36:13] Hindi ba ninyo pwede
[36:14] kumpruntahin si distributor?
[36:16] Doi, distributor halika,
[36:17] bakit mo pinanalo ito?
[36:19] E mahal na yung kuha mo rito.
[36:20] Mas mura si generator one,
[36:23] generator two,
[36:24] power generator one,
[36:25] generator two.
[36:26] So, bakit hindi itong kinuha mo?
[36:28] Hindi ba ninyo pwede silang
[36:29] tanungin ng ganyan?
[36:30] Bawal ba?
[36:32] What we intend,
[36:32] Mr. Chair,
[36:33] to do now
[36:33] is actually to require
[36:35] the submission
[36:36] of all the terms of reference
[36:38] with ERC
[36:38] so we can review
[36:40] and approve them.
[36:41] So, dati hindi pa?
[36:42] I'm sorry.
[36:43] Hindi po siya.
[36:43] Opo.
[36:43] Kailan lang ninyo
[36:45] nire-require ito ngayon?
[36:46] Ngayon lang?
[36:47] Ngayon po,
[36:47] meron kaming pending na
[36:49] resolution
[36:50] to impose that
[36:52] as a requirement.
[36:53] Requirement.
[36:54] Kailan lang po ito
[36:55] resolution na ito?
[36:57] It was
[36:57] published
[36:59] two weeks ago po.
[37:00] Two weeks ago.
[37:01] Bakit hindi po ninyo
[37:02] naisip
[37:03] ng mga nakaraang buwan,
[37:05] nakaraang taon?
[37:06] Na,
[37:06] oi,
[37:06] teka muna,
[37:07] kailangan nating silipin.
[37:09] May bidding pala rito.
[37:11] Pwede bang
[37:12] tignan ko
[37:12] yung mga
[37:13] binid ninyo
[37:14] yung distributor
[37:16] na nagpa-bidding?
[37:17] O distributor,
[37:19] pahingi nga
[37:19] ng mga
[37:20] kopya
[37:20] ng mga
[37:20] bidding
[37:21] ng mga
[37:22] generator
[37:22] 1,
[37:23] 2,
[37:23] 3,
[37:23] 4?
[37:23] O bakit
[37:24] lumusot itong
[37:25] number 4?
[37:26] Itong
[37:27] 1,
[37:27] 2,
[37:27] mas mura.
[37:28] Diba,
[37:29] sir?
[37:29] Bakit?
[37:30] At saka,
[37:30] bakit ngayon lang
[37:31] ninyo naisip?
[37:31] Ngayon na may problema.
[37:32] Ngayon may nagnangaw-ngaw
[37:34] na ang
[37:34] sambayanan
[37:35] sa mahal
[37:35] ng kurete.
[37:36] Ngayon pa lang tayo
[37:36] kumikilos?
[37:37] Dati po kasi
[37:40] bago na amyandahan
[37:41] yung aming
[37:42] CSP rules
[37:44] or yung PSA rules
[37:45] of 2023
[37:46] of the ERC,
[37:48] nagkakaroon po
[37:49] ng PSA review
[37:50] and
[37:50] ang evaluation
[37:52] of the ERC
[37:53] was based on
[37:54] the cost,
[37:55] submitted cost
[37:56] of the generation
[37:57] company.
[37:58] So even if
[37:59] yung PSA
[38:01] produced
[38:01] a particular
[38:02] price,
[38:03] hindi po
[38:03] necessarily
[38:04] na yun
[38:05] ang aaproba
[38:06] ng komisyon
[38:07] dahil
[38:08] maaaring
[38:09] ang tingin
[38:10] ng komisyon
[38:11] ay pwedeng
[38:12] magkaroon
[38:13] ng disallowances
[38:14] at pwede pa
[38:15] ang iaproba
[38:15] niyang
[38:16] singil
[38:17] ay mas mababa
[38:17] kaysa doon
[38:18] sa nakontrata
[38:20] ng distribution
[38:20] utility
[38:21] at generation
[38:22] company.
[38:23] But since
[38:24] binago po namin
[38:25] at binigyan namin
[38:26] ng mas
[38:26] emphasis
[38:27] at diin
[38:28] yung outcome
[38:29] noong
[38:29] CSP
[38:30] dahil ito
[38:31] naman po
[38:31] talaga
[38:32] ang objective
[38:33] ng pagkakaroon
[38:34] ng CSP
[38:35] which is
[38:35] to
[38:36] price discover
[38:37] yung
[38:37] least cost
[38:39] ang nakita
[38:40] namin
[38:40] ay
[38:40] maaaring
[38:42] magkaroon
[38:42] nga din po
[38:43] ng
[38:44] connivance
[38:45] or collusion
[38:46] doon pa lang
[38:47] sa pagsisimula
[38:48] ng proseso
[38:48] nila
[38:49] at ito yung
[38:49] pagbalangkas
[38:50] ng terms
[38:50] of reference
[38:51] kaya ito
[38:52] na po
[38:52] ang ating
[38:53] gagawin
[38:53] na re-review
[38:54] natin
[38:55] yung terms
[38:55] of reference
[38:56] nang sa ganon
[38:56] ay makasiguro
[38:57] tayo
[38:58] na magiging
[38:59] malaya
[39:00] at talagang
[39:00] totoong
[39:01] competitive
[39:01] ang mangyayaring
[39:02] CSP
[39:03] doon pa lang
[39:04] sa simula.
[39:04] So ngayon pa lang
[39:05] po ninyo
[39:06] gagawin
[39:06] this past
[39:07] two weeks
[39:08] pa lamang
[39:08] po
[39:09] so
[39:09] i-implement
[39:10] pa lang
[39:10] po ninyo
[39:10] yan
[39:11] soon
[39:11] kailan po
[39:12] ma-implement
[39:12] ito
[39:13] na
[39:13] ma-monitor
[39:14] ninyo
[39:14] na walang
[39:15] collusion
[39:16] sabwatan
[39:17] ng power
[39:18] generator
[39:19] at distributor
[39:20] na wala silang
[39:20] sabwatan
[39:21] nagkunchabahan
[39:22] sila
[39:23] kailan po
[39:23] ninyo
[39:24] ma-implement
[39:25] itong
[39:25] sinasabi
[39:26] ninyong
[39:26] order
[39:27] or what
[39:28] have you
[39:28] memorandum
[39:29] circular
[39:30] after
[39:31] after the
[39:31] consultation
[39:32] po
[39:32] this
[39:33] month
[39:34] maaring
[39:35] next month
[39:36] ay ma-proporgate
[39:36] na namin
[39:37] but in the
[39:37] meantime
[39:38] we've actually
[39:38] issued an
[39:39] advisory
[39:40] para doon
[39:41] sa lahat
[39:41] ng magpapa
[39:42] CSP
[39:43] kung hindi pa
[39:44] sila
[39:44] umabot doon
[39:45] sa punto
[39:46] na magpapublish
[39:47] sila
[39:47] ng ITB
[39:48] or invitation
[39:48] to bid
[39:49] kailangan
[39:50] na ibigay
[39:51] nila sa amin
[39:51] ang terms
[39:52] of reference
[39:52] dahil
[39:53] meron din
[39:53] naman po
[39:53] kaming
[39:54] provision
[39:54] sa aming
[39:55] current
[39:55] na CSP
[39:56] rules
[39:56] na kung
[39:57] saan
[39:57] gagamitan
[39:58] namin
[39:59] ng cost
[39:59] based
[39:59] methodology
[40:00] ng pagre-review
[40:02] ng PSA
[40:03] kung sa tingin
[40:04] namin
[40:04] ay mayroong
[40:06] kuntsabahan
[40:06] o mayroong
[40:07] badges
[40:07] of anti-competitive
[40:09] behavior
[40:10] na mangyayari
[40:11] doon sa CSP
[40:12] yung i-coconduct
[40:13] ng ating mga
[40:13] utilities po
[40:14] alam nyo sir
[40:15] may dun
[40:16] nakita natin
[40:17] yung problema
[40:18] medyo
[40:19] naisahan
[40:19] tayong lahat
[40:20] naisahan
[40:21] kayo
[40:22] may connivance
[40:23] may collusion
[40:24] sila sila
[40:25] nag-usap-usap
[40:26] kaya
[40:27] ang tao
[40:28] ang kawawa
[40:29] yung consumer
[40:30] ang kawawa
[40:31] niloloko nila
[40:32] anyway
[40:33] before I will
[40:34] ask for more
[40:35] questions
[40:35] do you have
[40:35] any question
[40:36] SP?
[40:37] Yes Mr. Chairman
[40:38] Mr. Chairman
[40:39] narinig ko kanina
[40:40] na dahil nga
[40:41] doon sa Iran
[40:42] conflict
[40:43] tumas yung presyo
[40:44] ng kuryente
[40:44] natin
[40:45] pero nung tinitignan ko
[40:46] yung
[40:47] historical prices
[40:49] I'll flash it
[40:50] sa slide floor
[40:51] Lena
[40:52] as early as
[40:53] 2025
[40:54] January
[40:55] tumataas
[40:56] ng presyo
[40:57] ng
[40:57] kuryente
[41:01] in fact
[41:01] almost
[41:02] 2 pesos
[41:03] and 50 centavos
[41:05] na antinaas
[41:05] from
[41:06] January
[41:08] of
[41:08] 2025
[41:09] till now
[41:10] so
[41:12] slowly
[41:14] and creeping
[41:15] tumataas
[41:16] ang presyo
[41:16] ng kuryente
[41:17] natin
[41:17] for a family
[41:19] consuming
[41:19] 200 kilowatt
[41:20] hour
[41:21] noong
[41:22] January
[41:22] of
[41:23] 2025
[41:24] 11 pesos
[41:25] and 74 centavos
[41:26] per kilowatt
[41:27] ang bayad niya
[41:28] ngayon
[41:28] 14 pesos
[41:29] na
[41:29] halos
[41:30] 2 pesos
[41:31] plus
[41:32] ang tinaas
[41:32] ng binabayad
[41:33] kaya maraming
[41:34] umaangal
[41:34] eh
[41:35] attorney one
[41:37] ang dami talagang
[41:38] umaangal
[41:39] in fact
[41:39] not only
[41:41] yung mga
[41:41] residential
[41:42] pati negosyante
[41:43] lalo na
[41:44] small and medium
[41:45] enterprises
[41:46] ngayon
[41:47] tama ho
[41:48] kayo
[41:48] na
[41:48] 60%
[41:49] nitong
[41:50] binabayaran
[41:50] nila
[41:51] galing
[41:51] sa generation
[41:52] tama
[41:53] rin
[41:53] kayo
[41:54] na
[41:54] itong
[41:55] isa
[41:56] sa mga
[41:56] dahilan
[41:57] kung bakit
[41:57] tumataas
[41:58] yung presyo
[41:58] ay dahil
[41:59] yung
[41:59] pass-through
[42:00] yung binibili
[42:01] nilang
[42:01] coal
[42:02] yung binibili
[42:03] nilang
[42:03] LNG
[42:04] yung binibili
[42:05] nilang
[42:06] iba pang
[42:06] feedstock
[42:08] pag tumas
[42:09] yun
[42:09] sigurado
[42:10] tataas
[42:10] ang presyo
[42:10] ng kuryente
[42:11] so
[42:12] ang tanong
[42:12] ko
[42:12] tinutuloy
[42:15] nyo ba
[42:16] yung
[42:16] fuel cost
[42:17] pass-through
[42:18] audit
[42:18] na ginagawa
[42:19] ninyo
[42:20] noong
[42:20] 2023
[42:22] dahil
[42:23] hindi naman
[42:23] pwedeng
[42:23] kung ano
[42:24] ang
[42:24] isusubo
[42:25] sa atin
[42:26] ng mga
[42:26] generation
[42:27] plants
[42:27] yun na lang
[42:28] ang
[42:28] babayaran
[42:29] natin
[42:30] hindi
[42:30] isa sa mga
[42:31] natutunan
[42:32] natin
[42:33] itong
[42:33] 2026
[42:35] sa pagtaas
[42:36] ng presyo
[42:36] ng langis
[42:37] na
[42:38] ang presyo
[42:39] ng langis
[42:39] deregulated
[42:40] yan
[42:40] pero
[42:41] nakita rin
[42:41] ng DOE
[42:42] na
[42:42] meron
[42:43] din
[42:43] labis
[42:44] labis
[42:44] at
[42:45] mas
[42:46] mabilis
[42:46] o
[42:47] mas
[42:47] mabagal
[42:48] yung
[42:48] pagbaba
[42:49] ng presyo
[42:49] ng
[42:50] krudo
[42:51] kaya
[42:51] nag-impose
[42:52] na rin
[42:52] sila
[42:53] ng
[42:53] regulation
[42:53] in fact
[42:54] meron
[42:54] na silang
[42:54] presyo
[42:55] ngayon
[42:56] na meron
[42:58] na kayong
[42:59] iniimpose
[43:00] na
[43:00] price
[43:01] range
[43:03] pero
[43:03] hindi na
[43:04] range
[43:04] price
[43:04] ano bang
[43:07] technical
[43:07] term
[43:08] dito
[43:08] sir
[43:09] we do
[43:09] issue
[43:10] the
[43:10] price
[43:11] range
[43:11] for the
[43:11] increase
[43:12] and decrease
[43:12] dito
[43:14] yung
[43:14] mandated
[43:15] price
[43:16] range
[43:16] for the
[43:16] increase
[43:17] and the
[43:17] decrease
[43:17] ibig sabihin
[43:18] hindi sila
[43:19] pwedeng
[43:19] mas mataas
[43:20] at itataas
[43:21] at hindi
[43:21] pwedeng
[43:22] konti
[43:22] lang
[43:22] ibababa
[43:23] tama
[43:23] yes
[43:24] ang
[43:24] takeaway
[43:25] ko
[43:25] doon
[43:25] pag hindi
[43:26] babantayan
[43:27] yung mga
[43:27] private
[43:27] companies
[43:28] aabusuhin
[43:29] nila
[43:30] talaga
[43:30] ang
[43:30] presyo
[43:31] yan
[43:32] ang
[43:32] takeaway
[43:32] ko
[43:33] kaya
[43:33] nag
[43:33] impose
[43:33] ang
[43:34] DOE
[43:34] ng
[43:35] price
[43:35] range
[43:35] ganun
[43:36] rin
[43:36] sa
[43:36] fuel
[43:37] ganun
[43:39] rin
[43:39] sa
[43:39] coal
[43:39] ganun
[43:40] rin
[43:40] sa
[43:40] LNG
[43:41] pag
[43:41] hindi
[43:41] natin
[43:41] babantayan
[43:42] yan
[43:42] sasabihin
[43:43] nila
[43:43] ito
[43:44] yung
[43:44] presyo
[43:44] na
[43:44] bilhin
[43:44] namin
[43:45] pasan
[43:45] nyo
[43:46] nalang
[43:46] sa
[43:46] consumer
[43:46] bahala
[43:47] na
[43:47] si
[43:47] Juan
[43:47] de la
[43:47] Cruz
[43:48] magdusa
[43:48] ngayon
[43:49] ang
[43:49] tanong
[43:49] ko
[43:50] are
[43:50] we
[43:50] imposing
[43:51] fuel
[43:52] audits
[43:52] kasi
[43:52] ginawa
[43:53] nyo
[43:53] na
[43:53] ito
[43:53] dati
[43:54] thank
[43:57] you
[43:57] mr.
[43:57] chair
[43:57] we've
[43:59] looked
[43:59] into
[44:00] the
[44:00] fuel
[44:00] audit
[44:01] that
[44:02] was
[44:02] conducted
[44:03] few
[44:04] years
[44:04] ago
[44:05] during
[44:05] the
[44:06] height
[44:06] of
[44:07] the
[44:07] ukraine
[44:08] ang
[44:08] naging
[44:09] experience
[44:09] po
[44:09] doon
[44:10] based
[44:11] doon
[44:11] sa
[44:11] report
[44:11] ng
[44:11] aming
[44:12] investigation
[44:13] enforcement
[44:14] division
[44:14] they
[44:15] could
[44:15] not
[44:15] proceed
[44:16] or
[44:16] they've
[44:16] identified
[44:17] some
[44:17] gaps
[44:18] but
[44:18] they
[44:18] cannot
[44:19] draw
[44:20] any
[44:20] conclusions
[44:21] ang
[44:22] problema
[44:23] din
[44:23] po
[44:23] kasi
[44:23] when
[44:24] that
[44:24] audit
[44:25] was
[44:25] conducted
[44:26] a few
[44:27] years
[44:27] back
[44:28] marami
[44:29] doon
[44:30] sa
[44:30] mga
[44:30] generation
[44:31] companies
[44:31] invoked
[44:33] some
[44:33] confidentiality
[44:34] clauses
[44:35] in their
[44:36] fuel supply
[44:36] contracts
[44:37] so
[44:38] hindi nila
[44:38] nabigay
[44:39] and that
[44:39] resulted
[44:40] to the
[44:40] issuance
[44:40] nga
[44:41] of
[44:41] show
[44:41] cost
[44:42] orders
[44:42] directed
[44:43] at
[44:43] these
[44:44] generation
[44:44] companies
[44:45] for
[44:45] non-submission
[44:46] but
[44:46] we've
[44:47] checked
[44:47] with
[44:48] various
[44:49] distribution
[44:49] utilities
[44:50] how
[44:50] they're
[44:51] going
[44:51] about
[44:52] checking
[44:52] yung
[44:53] billings
[44:53] ng
[44:54] kanilang
[44:55] suppliers
[44:55] like
[44:56] in the
[44:56] case
[44:56] of
[44:57] Meralco
[44:58] before
[45:00] they
[45:01] accept
[45:01] any
[45:01] billing
[45:02] from
[45:03] their
[45:03] generation
[45:04] supplier
[45:05] they
[45:06] sit
[45:06] down
[45:07] and
[45:08] look
[45:09] at
[45:09] the
[45:09] various
[45:10] components
[45:11] including
[45:12] the
[45:12] cost
[45:13] of
[45:13] fuel
[45:13] and
[45:14] they
[45:14] make
[45:15] sure
[45:16] that
[45:16] what
[45:17] is
[45:18] being
[45:18] charged
[45:18] them
[45:19] is
[45:20] in
[45:20] accordance
[45:20] with
[45:21] the
[45:21] approved
[45:21] PSA
[45:22] but
[45:22] of
[45:22] course
[45:23] that
[45:23] needs
[45:23] to
[45:23] be
[45:24] validated
[45:24] and
[45:25] there
[45:27] is
[45:27] that
[45:28] need
[45:29] for
[45:29] us
[45:30] to
[45:30] come
[45:30] out
[45:30] with
[45:31] the
[45:31] audit
[45:32] steps
[45:34] to determine
[45:35] really
[45:36] what
[45:37] should
[45:38] be
[45:38] the
[45:38] appropriate
[45:38] fuel
[45:40] pass
[45:41] through
[45:41] under
[45:42] these
[45:42] PSAs
[45:42] So in
[45:42] short
[45:43] the
[45:43] regulator
[45:43] is
[45:44] not
[45:44] checking
[45:45] the
[45:45] right
[45:45] prices
[45:46] for
[45:47] fuel
[45:47] pass
[45:47] on
[45:48] Yes
[45:49] po
[45:49] not
[45:50] thoroughly
[45:51] So kung sinabi
[45:52] ng generation
[45:54] ito yung
[45:55] binili
[45:55] namin
[45:55] ito
[45:56] ipapasa
[45:56] namin
[45:57] wala
[45:58] ng pakialam
[45:59] ang
[45:59] regulator
[46:00] doon
[46:02] Ang
[46:02] una
[46:02] pong
[46:02] may pakialam
[46:03] would be
[46:03] the
[46:04] distribution
[46:04] utility
[46:05] dahil
[46:06] the burden
[46:06] Maralco
[46:07] bimibili
[46:07] rin siya
[46:08] sa mga
[46:08] sister
[46:08] companies
[46:09] niya
[46:09] rin
[46:09] Marami
[46:12] sa mga
[46:12] supplier
[46:13] ng
[46:13] Maralco
[46:13] sister
[46:14] companies
[46:14] niya
[46:15] rin
[46:15] So
[46:16] hindi
[46:16] natin
[46:16] pwedeng
[46:16] asahan
[46:17] na
[46:17] they
[46:17] will
[46:18] self
[46:18] audit
[46:19] Tama
[46:21] The
[46:22] regulator
[46:22] should
[46:22] still
[46:23] come
[46:23] in
[46:23] At
[46:24] that
[46:25] point
[46:25] doon
[46:25] sa pag
[46:26] calculate
[46:27] ng
[46:27] generation
[46:28] charge
[46:28] and
[46:29] then
[46:29] pag
[46:29] impose
[46:30] niyan
[46:30] ang
[46:31] may
[46:32] first
[46:32] na
[46:33] pass
[46:33] on
[46:33] the
[46:34] determination
[46:34] of
[46:35] what
[46:35] should
[46:36] be
[46:36] the
[46:36] pass
[46:37] through
[46:37] in
[46:37] terms
[46:37] of
[46:38] the
[46:38] fuel
[46:38] would
[46:38] be
[46:39] the
[46:39] utility
[46:39] dahil
[46:40] siya
[46:40] may
[46:41] burden
[46:41] then
[46:41] to
[46:42] to
[46:43] situate
[46:46] that
[46:46] yung
[46:46] sinisingi
[46:47] lang
[46:47] sa
[46:47] kanya
[46:48] would
[46:48] be
[46:48] in
[46:48] accordance
[46:49] with
[46:49] the
[46:49] approved
[46:49] contract
[46:50] may
[46:52] papakita
[46:52] ko
[46:52] sa
[46:53] inyong
[46:53] slide
[46:53] slide
[46:54] 3
[46:54] for
[47:01] example
[47:02] dito
[47:03] sa
[47:03] Meralco
[47:04] generation
[47:04] contracts
[47:06] ang
[47:07] South
[47:07] Premier
[47:07] Power
[47:08] Corporation
[47:09] ang
[47:09] kanyang
[47:09] bid rate
[47:10] is
[47:10] 7
[47:10] pesos
[47:11] pero
[47:22] ang
[47:22] charge
[47:23] niya
[47:23] sa
[47:23] consumers
[47:24] almost
[47:24] double
[47:25] in
[47:25] July
[47:26] so
[47:27] ang
[47:27] kontrata
[47:28] niya
[47:28] nung
[47:28] nanalo
[47:28] siya
[47:29] 7
[47:29] pesos
[47:29] pero
[47:30] ngayon
[47:30] pinapasa
[47:31] niya
[47:31] na
[47:31] sa
[47:31] consumers
[47:32] at
[47:32] 13
[47:33] pesos
[47:33] of
[47:36] course
[47:36] sasabihin
[47:37] niya
[47:37] dahil
[47:37] mas
[47:37] mahal
[47:38] na
[47:38] ngayon
[47:38] ang
[47:38] LNG
[47:39] pero
[47:40] ang
[47:40] tanong
[47:40] ko
[47:40] sinecheck
[47:41] ba
[47:41] ng
[47:41] ERC
[47:43] kung
[47:43] tama
[47:43] ba
[47:44] yung
[47:44] kanyang
[47:44] ipinapasa
[47:45] sa
[47:45] amin
[47:46] sa
[47:46] mga
[47:46] consumers
[47:47] and
[47:48] the
[47:48] answer
[47:48] is
[47:49] no
[47:49] so
[47:50] in
[47:50] other
[47:50] words
[47:50] kung
[47:50] anong
[47:51] isinubo
[47:52] na lang
[47:52] sa
[47:52] atin
[47:53] ng
[47:53] mga
[47:53] power
[47:54] plants
[47:54] yun
[47:55] na lang
[47:55] ang
[47:55] babayaran
[47:56] namin
[47:56] that's
[47:57] the point
[47:58] I'm
[47:58] trying
[47:58] to
[47:58] make
[47:58] walang
[47:59] nag-audit
[48:00] kung
[48:00] magkano
[48:00] ang
[48:00] isinubo
[48:01] sa atin
[48:02] ng mga
[48:02] power
[48:02] plants
[48:02] natutunan
[48:04] natin
[48:04] sa
[48:04] oil
[48:06] kaya
[48:07] nga
[48:07] naglagay
[48:07] ng range
[48:08] kasi
[48:08] sinasabi
[48:09] natin
[48:09] pag
[48:10] tumataas
[48:10] yung
[48:10] presyo
[48:11] ang
[48:11] bilis
[48:11] ng
[48:11] taas
[48:12] pag
[48:12] bumababa
[48:13] hindi
[48:13] bumababa
[48:13] yung
[48:13] presyo
[48:14] in
[48:14] one
[48:15] of
[48:15] our
[48:16] hearings
[48:16] yun
[48:16] rin
[48:16] ang
[48:17] lumabas
[48:17] sa
[48:18] hearings
[48:18] kaya
[48:18] naglagay
[48:18] ng range
[48:19] the same
[48:20] applies
[48:20] for
[48:21] electric
[48:22] power
[48:22] and
[48:24] ako
[48:25] naniniwala
[48:26] ako
[48:26] na
[48:27] yung
[48:28] presyo
[48:28] ipinapasa
[48:29] sa atin
[48:30] dahil
[48:30] walang
[48:30] nagchecheck
[48:31] hindi
[48:31] natin
[48:31] alam
[48:33] kung
[48:33] ano
[48:33] yung
[48:33] totoong
[48:33] ipinapasa
[48:34] sa atin
[48:35] and
[48:35] the point
[48:36] I'm
[48:36] trying
[48:36] to
[48:36] make
[48:37] here
[48:37] ito
[48:38] yung
[48:38] mga
[48:38] powers
[48:40] na
[48:40] pwede
[48:40] natin
[48:40] ilagay
[48:41] sa
[48:41] ERC
[48:42] para
[48:43] masigurado
[48:43] na
[48:44] ang
[48:44] ERC
[48:45] hindi
[48:45] lang
[48:46] tinitignan
[48:46] yung
[48:46] generation
[48:48] hindi
[48:48] tinitignan
[48:49] distribution
[48:51] pa rin
[48:52] yung
[48:52] pass-on
[48:53] kasi
[48:54] wala
[48:55] tayo
[48:55] bulag
[48:55] tayo
[48:56] pagdating
[48:56] sa
[48:56] pass-on
[48:57] eh
[48:57] ang gobyerno
[48:58] bulag
[48:58] pagdating
[48:59] sa
[48:59] pass-on
[48:59] ayan
[49:01] ang
[49:01] nawawala
[49:01] yan
[49:02] rin
[49:02] the same
[49:03] actually
[49:04] powers
[49:04] na ibibigay
[49:05] ng
[49:05] pinag-uusapan
[49:07] namin
[49:07] sa
[49:07] committee
[49:08] ni
[49:08] chairman
[49:08] Tulfo
[49:09] pagdating
[49:10] sa
[49:11] oil
[49:12] na
[49:13] dapat
[49:13] ang
[49:14] DOE
[49:15] meron
[49:16] rin
[49:16] siyang
[49:16] kapangirin
[49:17] na
[49:17] tignan
[49:17] rin
[49:17] yung
[49:18] cost
[49:18] component
[49:18] ng
[49:19] oil
[49:19] hindi
[49:20] natin
[49:20] pwede
[49:20] lang
[49:20] isubo
[49:21] sa
[49:21] atin
[49:22] tanggapin
[49:22] na
[49:22] lang
[49:22] natin
[49:23] dahil
[49:23] wala tayong
[49:24] choice
[49:25] eh
[49:25] we don't
[49:26] have
[49:26] any
[49:26] choice
[49:26] kundi
[49:27] kunin
[49:28] na
[49:28] lang
[49:28] yun
[49:28] at
[49:28] bayaran
[49:29] na
[49:29] lang
[49:29] just
[49:33] to
[49:33] clarify
[49:34] there's
[49:35] a
[49:35] confirmation
[49:36] that
[49:36] happens
[49:36] every
[49:37] three
[49:37] years
[49:37] right
[49:37] now
[49:38] and
[49:38] do
[49:39] sa
[49:39] confirmation
[49:40] it
[49:40] is
[49:40] more
[49:40] detailed
[49:41] and
[49:41] more
[49:42] exhaustive
[49:42] because
[49:43] we
[49:43] are
[49:43] able
[49:43] to
[49:44] go
[49:44] over
[49:45] all
[49:45] the
[49:45] submissions
[49:46] of
[49:46] the
[49:47] utilities
[49:47] in
[49:48] support
[49:48] of
[49:48] their
[49:49] generation
[49:50] charges
[49:50] implemented
[49:51] three
[49:52] years
[49:52] prior
[49:53] pagdating
[49:55] po doon
[49:55] lang
[49:55] sa
[49:55] comparison
[49:56] baka
[49:56] it
[49:56] might
[49:56] create
[49:57] the
[49:57] impression
[49:57] that
[49:58] we
[49:58] are
[49:58] allowing
[49:59] the
[50:00] charging
[50:00] of
[50:01] a
[50:01] rate
[50:01] different
[50:02] from
[50:02] what
[50:02] was
[50:03] approved
[50:04] or
[50:04] what
[50:04] was
[50:04] the
[50:05] bid
[50:05] rate
[50:06] usually
[50:08] po
[50:08] kasi
[50:08] ito
[50:08] for
[50:09] purposes
[50:10] of
[50:10] presentation
[50:11] yan yung
[50:11] kanilang
[50:12] single
[50:13] rate
[50:14] na
[50:14] pinoprovide
[50:15] but
[50:15] that
[50:15] does
[50:16] not
[50:16] mean
[50:17] na
[50:17] meron
[50:17] hindi
[50:18] siya
[50:18] yung
[50:19] disaggregated
[50:19] na merong
[50:20] capital
[50:20] fees
[50:21] energy
[50:22] and
[50:22] fuel
[50:22] as a
[50:23] pass
[50:23] through
[50:24] subject
[50:25] to
[50:25] certain
[50:25] caps
[50:26] so
[50:26] pagdating
[50:27] na po
[50:27] sa
[50:27] actual
[50:28] sa
[50:28] actual
[50:29] na
[50:29] implementation
[50:29] ng
[50:30] kontrata
[50:30] once
[50:30] it
[50:31] is
[50:31] approved
[50:31] dito
[50:32] na po
[50:33] nagkakaroon
[50:33] ng
[50:34] pag-iiba
[50:35] kaysa doon
[50:36] sa headline
[50:37] rate
[50:37] na ginamit
[50:38] pag
[50:39] present
[50:40] nung mga
[50:40] winning
[50:41] bids
[50:42] kasi po
[50:42] pagdating na
[50:43] sa actual
[50:43] implementation
[50:44] ng kontrata
[50:45] base doon
[50:46] sa
[50:46] nominasyon
[50:47] ng kontrata
[50:48] na ito
[50:48] at kung
[50:48] ang presyuhan
[50:49] niya
[50:49] ay nakabase
[50:50] sa capital
[50:51] recovery
[50:51] fee
[50:52] O&M
[50:53] O&M
[50:53] O&M
[50:53] fuel
[50:54] ngayon
[50:55] nandito
[50:56] naman po
[50:56] yung
[50:57] kung paano
[50:57] ninominate
[50:58] ng
[50:58] utility
[50:59] o
[50:59] ng
[51:00] Meralco
[51:00] yung
[51:00] iba't
[51:01] iba
[51:01] niyang
[51:01] kontrata
[51:02] to
[51:02] produce
[51:02] the
[51:03] least
[51:03] cost
[51:03] for
[51:04] that
[51:05] utility
[51:05] kasi
[51:06] kung
[51:06] ang
[51:06] capacity
[51:07] na
[51:08] nakontrata
[51:08] ay
[51:09] mamamaksimize
[51:10] niya
[51:10] ang
[51:11] peso
[51:11] per
[51:11] kilowatt
[51:12] hour
[51:12] na
[51:13] equivalent
[51:13] niyan
[51:13] ay
[51:14] mas
[51:14] bababa
[51:14] dahil
[51:15] mas
[51:15] mataas
[51:15] ang
[51:16] utilization
[51:16] kaya
[51:17] lang
[51:17] mayroong
[51:18] mga
[51:19] capacity
[51:19] na
[51:20] kailangan
[51:20] talaga
[51:21] kontratahin
[51:22] ng
[51:22] isang
[51:22] utility
[51:23] kahit
[51:23] hindi
[51:24] niya
[51:24] ito
[51:24] fully
[51:25] mamamaksimize
[51:26] kasi
[51:26] may iba't
[51:27] ibang
[51:27] gamit
[51:28] itong
[51:28] capacity
[51:29] na
[51:29] ito
[51:29] at
[51:30] mayroon
[51:30] din
[51:30] mga
[51:30] capacity
[51:31] na
[51:31] kakailanganin
[51:32] kung
[51:32] sakaling
[51:33] yung
[51:33] ibang
[51:33] kakontrata
[51:35] naman
[51:35] ng
[51:35] utility
[51:36] ay
[51:36] hindi
[51:36] available
[51:37] para
[51:37] ma-minimize
[51:38] naman
[51:38] ang
[51:38] exposure
[51:39] niya
[51:39] sa
[51:39] spot
[51:39] market
[51:40] Point
[51:41] I'm
[51:41] trying
[51:41] to
[51:41] make
[51:42] lang
[51:42] bottom
[51:42] line
[51:42] is
[51:43] kailangan
[51:44] ma-audit
[51:44] yung mga
[51:45] pass-through
[51:45] charges
[51:46] kailangan
[51:48] ma-assure
[51:48] kami
[51:49] mga
[51:49] consumers
[51:50] na
[51:51] pinapasa
[51:51] sa atin
[51:52] hindi
[51:52] labis-labis
[51:53] kasi
[51:54] there is
[51:55] a tendency
[51:55] kung
[51:56] hindi
[51:56] mo
[51:56] audit
[51:56] common sense
[51:58] naman
[51:58] kung
[51:58] negosyante
[51:59] ka
[51:59] siyempre
[52:00] gusto mo
[52:00] pinakamataas
[52:01] ipasa
[52:02] sa consumer
[52:02] para
[52:02] mataas
[52:03] kita mo
[52:03] that's
[52:04] common sense
[52:05] pero
[52:06] ang
[52:07] regulator
[52:07] nandyan
[52:08] pare masigurado
[52:09] na
[52:10] kikita ka
[52:11] ng
[52:11] desente
[52:11] pero
[52:11] hindi
[52:12] naman
[52:12] yung
[52:12] sobra-sobra
[52:13] lalo na
[52:14] kung
[52:14] mabilis
[52:14] ang
[52:14] pagtaas
[52:15] ng
[52:15] presyo
[52:16] pag
[52:16] mabilis
[52:16] ang
[52:17] pagtaas
[52:17] ng
[52:17] presyo
[52:17] mabilis
[52:18] rin
[52:18] silang
[52:18] nagpapasa
[52:20] sa atin
[52:20] ng
[52:20] mataas
[52:21] na
[52:21] presyo
[52:21] so
[52:22] that's
[52:22] the point
[52:22] I'm trying
[52:23] to make
[52:23] since
[52:24] pinag-uusapan
[52:25] na natin
[52:26] ngayon
[52:26] yung
[52:26] charter
[52:26] ng
[52:26] regulator
[52:27] ilagay
[52:28] na rin
[52:28] natin
[52:29] doon
[52:29] yung
[52:29] mga
[52:29] kapangarihan
[52:31] na
[52:31] pwede
[52:31] niyong
[52:31] gamitin
[52:32] na
[52:32] ma-assure
[52:32] kami
[52:33] mga
[52:33] consumer
[52:33] na
[52:34] talagang
[52:35] pinag-aaralan
[52:35] inaudit
[52:36] lahat
[52:37] nitong
[52:37] pass-through
[52:37] charges
[52:38] so
[52:38] that's
[52:39] the
[52:39] point
[52:39] I'm
[52:39] trying
[52:40] to
[52:40] make
[52:40] thank you
[52:41] Mr.
[52:41] Chairman
[52:41] thank you
[52:42] alam nyo
[52:43] attorney
[52:43] one
[52:44] I know
[52:45] limited
[52:46] po
[52:46] yung
[52:46] powers
[52:46] ninyo
[52:47] pero
[52:47] kung
[52:49] ginustuh
[52:49] ninyo
[52:50] may
[52:50] pamamaraan
[52:51] you could
[52:51] have
[52:52] prevented
[52:52] that
[52:53] itong
[52:53] pag-aabuso
[52:55] sa presyuhan
[52:56] ng
[52:56] kuryente
[52:57] like
[52:57] the
[52:57] example
[52:58] that I
[52:58] gave
[52:59] you
[52:59] di po
[52:59] ba
[53:00] ngayon
[53:00] lang
[53:00] kayo
[53:01] kumikilos
[53:02] para
[53:02] ma-prevent
[53:03] masilip
[53:03] ninyo
[53:04] kung
[53:04] magkano
[53:04] yung
[53:04] bentahan
[53:06] ng
[53:06] power
[53:08] ng
[53:08] isang
[53:08] generator
[53:09] to the
[53:10] distributor
[53:10] doon po
[53:11] naabuso
[53:11] sir
[53:12] if you
[53:13] only
[53:13] did
[53:14] your
[53:14] job
[53:15] kahit
[53:15] nakulang
[53:16] po
[53:16] yung
[53:16] inyong
[53:17] kapangyarihan
[53:18] you could
[53:18] have
[53:18] done
[53:19] something
[53:19] you could
[53:20] have
[53:20] at least
[53:20] reported
[53:21] it
[53:21] to the
[53:22] public
[53:22] meron
[53:23] pong
[53:24] pag-aabuso
[53:25] sa presyo
[53:25] po
[53:26] you agree
[53:27] with me
[53:27] that it
[53:28] was
[53:28] abuse
[53:28] tell me
[53:30] ako po
[53:32] hindi
[53:32] po
[53:32] ERC
[53:33] wala po
[53:34] akong
[53:34] experience
[53:35] pero
[53:35] base
[53:35] po
[53:35] sa mga
[53:36] binabasa
[53:36] ko
[53:36] at naririnig
[53:37] ko
[53:37] at sigaw
[53:38] ng taong
[53:39] bayan
[53:39] inabuso
[53:40] yung
[53:41] presyo
[53:42] ng
[53:42] kuryente
[53:43] sobra
[53:43] sobra
[53:44] para
[53:44] ding
[53:45] po
[53:45] sa mga
[53:45] fuel
[53:46] natin
[53:46] you agree
[53:47] with me
[53:47] or not
[53:48] wala po
[53:50] akong basihan
[53:50] kasi
[53:50] wala
[53:51] kong basihan
[53:52] pero yung
[53:52] tao
[53:53] alam
[53:53] ng taong
[53:54] bayan
[53:54] na inabuso
[53:55] sila
[53:56] at
[53:56] winalanghiya
[53:56] babalikan
[53:58] po
[53:58] natin
[53:58] mamaya
[53:59] I think
[53:59] Senator
[53:59] JB
[54:00] also has
[54:00] some
[54:01] questions
[54:01] Thank you
[54:03] Mr.
[54:03] Chair
[54:03] Isa sa
[54:05] matiluturing
[54:05] dahilan
[54:06] na pagtaas
[54:06] sa pressure
[54:06] kuryente
[54:07] yung mga
[54:07] temporary
[54:08] shutdown
[54:08] ng
[54:09] power plant
[54:10] sa gitna
[54:11] ng mataas
[54:11] na demand
[54:12] in the DOE
[54:14] siguro
[54:14] present the
[54:15] latest data
[54:16] on our
[54:16] current
[54:16] dependable
[54:17] capacity
[54:18] versus
[54:19] peak
[54:19] demand
[54:19] para lang
[54:20] alam po
[54:21] natin
[54:21] and in
[54:22] recent months
[54:23] how many
[54:23] power plants
[54:24] went on
[54:24] forced
[54:25] or unscheduled
[54:26] outages
[54:26] and was
[54:28] our
[54:28] available
[54:28] capacity
[54:29] sufficient
[54:29] or reliably
[54:30] cover
[54:30] peak
[54:31] demand
[54:31] meron
[54:32] butayin
[54:33] data
[54:33] yes
[54:34] sir
[54:35] we're
[54:35] going to
[54:36] prepare
[54:36] it
[54:36] for
[54:37] presentation
[54:37] I have
[54:39] a
[54:39] presentation
[54:40] later
[54:41] on
[54:42] the
[54:43] supply
[54:43] yes
[54:44] we can
[54:44] pull
[54:44] it
[54:45] up
[54:45] we
[54:45] had
[54:46] later
[54:46] so
[54:48] siguro
[54:50] ito
[54:50] naranasan
[54:50] bansa
[54:51] power
[54:51] outages
[54:52] at
[54:52] rotating
[54:52] brownout
[54:53] itong
[54:53] mga
[54:53] mayo
[54:54] at
[54:54] hanggang
[54:54] ngayon
[54:55] ito
[54:55] monitor
[54:56] pa rin
[54:56] natin
[54:56] ipag-issue
[54:57] ng
[54:57] NGCP
[54:58] sa red
[54:59] and yellow
[54:59] alerts
[55:00] sa Visayas
[55:01] dahil
[55:01] sa apat
[55:02] na dagdag
[55:03] na power
[55:04] plants
[55:04] unavailable
[55:05] since
[55:06] June
[55:06] NGP
[55:07] said
[55:08] a total
[55:08] of 18
[55:09] power
[55:09] plants
[55:10] are also
[55:10] operating
[55:11] on the
[55:11] rated
[55:11] capacity
[55:12] to
[55:12] date
[55:13] bringing
[55:13] the
[55:14] total
[55:14] loss
[55:14] on the
[55:14] grid
[55:15] to
[55:15] around
[55:15] 785.9
[55:17] megawatt
[55:17] so
[55:19] ang
[55:19] recurring
[55:20] yellow
[55:21] at red
[55:21] alerts
[55:21] pati
[55:22] na po
[55:22] ang
[55:22] localized
[55:23] rotating
[55:23] brownouts
[55:24] ay labis
[55:24] na nakapekto
[55:25] of course
[55:25] sa ating
[55:26] ekonomiya
[55:27] at sa
[55:27] productivity
[55:28] at buhay
[55:29] ng mga
[55:29] consumers
[55:30] support
[55:31] gano'n
[55:32] nabanggit
[55:32] kanina
[55:33] 18
[55:33] ang
[55:33] power
[55:34] plants
[55:35] na
[55:35] operating
[55:35] on the
[55:36] rated
[55:36] mayroon
[55:36] pa bang
[55:37] rehabilitation
[55:38] plans
[55:38] o measures
[55:39] ang mga
[55:39] power
[55:40] plants
[55:40] na ito
[55:42] si
[55:42] DOE
[55:45] please
[55:45] yes sir
[55:46] we
[55:47] the DOE
[55:48] for its
[55:49] part
[55:49] issued
[55:50] last
[55:50] January
[55:51] the
[55:51] genco
[55:52] accountability
[55:53] circular
[55:54] and
[55:55] on that
[55:55] basis
[55:56] we have
[55:56] already
[55:57] issued
[55:57] several
[55:58] shock
[55:59] cost
[55:59] orders
[55:59] on those
[56:00] plans
[56:01] that have
[56:02] not
[56:02] complied
[56:03] with
[56:03] their
[56:05] commitments
[56:05] and we
[56:06] are processing
[56:06] the
[56:07] responses
[56:09] as of the
[56:09] moment
[56:10] sir
[56:10] and we
[56:10] will report
[56:11] the results
[56:11] of that
[56:12] investigation
[56:12] once
[56:13] we have
[56:14] them
[56:14] Mr.
[56:15] Chair
[56:16] thank you
[56:16] thank you
[56:17] ito po
[56:18] ano
[56:18] kapakailan
[56:19] nagkaroon din
[56:20] tayo ng
[56:20] hearing
[56:20] in this
[56:22] committee
[56:22] yung pong
[56:23] oil
[56:24] deregulation
[56:24] naman
[56:25] and
[56:25] because of
[56:26] this
[56:26] oil
[56:26] crisis
[56:27] marami
[56:28] ho tayong
[56:28] ano
[56:28] na
[56:29] discovery
[56:29] na
[56:30] sabi
[56:31] it works
[56:32] on normal
[56:32] times
[56:32] but
[56:33] during
[56:33] crisis
[56:34] itong
[56:35] oil
[56:35] deregulation
[56:35] probably
[56:36] itong
[56:36] epire
[56:37] itong
[56:37] epire
[56:37] talagang
[56:38] hindi
[56:39] na
[56:39] umubre
[56:39] mula
[56:40] nung
[56:40] naipay
[56:42] sa ito
[56:43] ang natuloy
[56:43] na talaga
[56:44] Mr.
[56:44] Chair
[56:44] privatization
[56:46] competition
[56:47] ang hindi
[56:48] talaga
[56:48] nangyari
[56:48] pagbabaan
[56:49] ang presyo
[56:49] ng kuryente
[56:50] so
[56:51] ngayon
[56:51] sa ilalim
[56:52] po tayo
[56:52] national
[56:53] emergency
[56:53] energy
[56:55] emergency
[56:55] paano
[56:56] natin
[56:56] nababantayan
[56:57] kanina
[56:57] nabang
[56:58] nabring
[57:00] up
[57:00] na ito
[57:00] ng
[57:00] sign up
[57:01] natin
[57:01] at
[57:01] at
[57:01] nating
[57:01] chair
[57:02] yung
[57:02] power
[57:02] plant
[57:02] sa
[57:03] generation
[57:03] naging
[57:04] katuwang
[57:05] upang
[57:05] mabawasan
[57:06] ang
[57:06] grid
[57:06] tripping
[57:07] at
[57:07] forced
[57:08] outages
[57:08] lalo
[57:09] na po
[57:09] yung
[57:09] announced
[57:10] na
[57:11] nagdudulot
[57:12] ng
[57:12] immediate
[57:12] supply
[57:13] shortfalls
[57:13] and
[57:14] price
[57:14] surges
[57:15] so
[57:15] are we
[57:16] um
[57:17] does your
[57:18] agency
[57:18] able
[57:19] uh
[57:19] is able
[57:20] to
[57:20] monitor
[57:21] itong
[57:21] mga
[57:22] outages
[57:22] forced
[57:22] outages
[57:23] na
[57:23] siyempre
[57:24] nagdudulot
[57:24] pag low
[57:25] ang supply
[57:25] high demand
[57:26] natas
[57:27] natural
[57:27] ang presyo
[57:28] Mr.
[57:29] Chair
[57:29] um
[57:30] we did
[57:31] during
[57:31] the
[57:31] first
[57:32] uh
[57:32] I think
[57:33] the first
[57:33] month
[57:34] of the
[57:34] crisis
[57:35] we
[57:35] together
[57:36] with
[57:36] ERC
[57:36] we
[57:37] implemented
[57:37] the
[57:38] administered
[57:38] pricing
[57:39] which
[57:40] has
[57:40] resulted
[57:40] in the
[57:41] decrease
[57:43] in the
[57:43] supposedly
[57:44] increase
[57:45] if not
[57:46] for the
[57:46] administered
[57:46] pricing
[57:47] the price
[57:47] would have
[57:48] increased
[57:48] by seven
[57:49] because of
[57:49] the
[57:49] administered
[57:50] pricing
[57:50] the increase
[57:51] was
[57:52] reg uh
[57:53] was controlled
[57:54] at two
[57:55] pesos
[57:55] and also
[57:56] and also
[57:56] as regards
[57:57] the
[57:58] the recent
[57:59] problems
[58:00] with the
[58:01] Visayas
[58:01] I think
[58:03] is one
[58:03] of the
[58:03] most
[58:04] affected
[58:04] by the
[58:05] recent
[58:06] outages
[58:07] the DOE
[58:07] is working
[58:08] together
[58:09] with
[58:09] NEA
[58:10] and other
[58:10] agencies
[58:11] to
[58:12] fast track
[58:14] the development
[58:14] and the
[58:15] commercial
[58:16] operation
[58:16] of several
[58:17] plants
[58:18] there
[58:19] we are
[58:19] helping them
[58:20] out in
[58:20] their
[58:20] permitting
[58:21] process
[58:21] just so
[58:22] they increase
[58:23] the supply
[58:23] and if
[58:25] I may
[58:25] add sir
[58:25] I think
[58:26] the main
[58:27] issue
[58:27] that has
[58:28] been
[58:28] plaguing
[58:29] the
[58:30] energy
[58:31] sector
[58:31] and so
[58:32] far as
[58:32] the price
[58:32] is concerned
[58:33] is really
[58:33] the
[58:34] lack
[58:35] of supply
[58:36] and
[58:37] the
[58:37] EPIRA
[58:38] has already
[58:39] institutionalized
[58:40] competition
[58:41] through the
[58:42] WSM
[58:42] to the
[58:43] PSA
[58:43] as regulated
[58:44] by
[58:44] ERC
[58:45] it's really
[58:46] the
[58:47] balance
[58:48] of supply
[58:49] and demand
[58:50] as of
[58:50] now
[58:51] the
[58:51] number
[58:53] of
[58:53] generators
[58:54] and
[58:54] the
[58:54] number
[58:54] of
[58:55] power
[58:55] being
[58:56] generated
[58:57] is
[58:57] just
[58:57] not
[58:58] sufficient
[58:58] enough
[58:59] to
[59:00] have
[59:01] a
[59:01] healthy
[59:01] competition
[59:02] that
[59:03] will
[59:03] result
[59:04] in
[59:05] cheaper
[59:05] prices
[59:06] while the
[59:07] system
[59:07] is
[59:07] there
[59:07] we
[59:08] have
[59:08] to
[59:08] be
[59:09] able
[59:09] to
[59:09] have
[59:09] an
[59:09] investment
[59:10] climate
[59:10] that
[59:11] will
[59:11] increase
[59:12] the
[59:13] investment
[59:13] on
[59:14] generation
[59:14] so
[59:14] that
[59:15] the
[59:15] competition
[59:15] or
[59:16] the
[59:16] price
[59:16] friction
[59:17] will
[59:18] be
[59:18] enough
[59:19] for
[59:19] the
[59:19] competition
[59:20] to
[59:20] result
[59:21] into
[59:21] lower
[59:22] prices
[59:22] the
[59:23] mechanism
[59:23] of
[59:23] EPERA
[59:24] has
[59:24] been
[59:25] established
[59:25] it's
[59:26] just
[59:26] that
[59:26] the
[59:27] climate
[59:27] for
[59:27] investment
[59:28] on
[59:28] generation
[59:29] would
[59:29] have
[59:29] to
[59:29] be
[59:30] improved
[59:32] the
[59:33] permitting
[59:33] process
[59:34] would
[59:34] have
[59:34] to
[59:34] be
[59:35] enhanced
[59:35] so
[59:36] that
[59:36] the
[59:36] generation
[59:37] sector
[59:38] can
[59:39] be
[59:39] enhanced
[59:40] as
[59:40] well
[59:40] Mr.
[59:40] Chair
[59:41] thank you
[59:42] but
[59:42] what
[59:42] can
[59:43] we
[59:43] do
[59:43] to
[59:43] improve
[59:44] this
[59:44] climate
[59:46] as
[59:46] you
[59:47] mentioned
[59:47] more
[59:48] than
[59:49] 20
[59:49] years
[59:49] to
[59:49] have
[59:49] been
[59:49] to
[59:50] EPERA
[59:50] pinakamataas
[59:52] na tayong
[59:53] nabanggit
[59:54] ng
[59:54] Senate
[59:54] President
[59:55] sa
[59:56] Southeast
[59:56] Asia
[59:56] pinakamataas
[59:57] na yung
[59:57] singil
[59:58] na
[59:58] kuryente
[59:59] hindi
[1:00:00] pa
[1:00:00] ba
[1:00:00] ito
[1:00:00] nababawi
[1:00:01] to create
[1:00:04] an
[1:00:04] investment
[1:00:04] climate
[1:00:05] na
[1:00:05] parang
[1:00:06] at least
[1:00:07] healthy
[1:00:07] na
[1:00:07] titignan
[1:00:08] ng
[1:00:08] mga
[1:00:09] investor
[1:00:10] na
[1:00:10] pwedeng
[1:00:11] sila
[1:00:12] mag
[1:00:12] put up
[1:00:14] ng
[1:00:14] power
[1:00:14] plants
[1:00:14] yun eh
[1:00:16] kasi
[1:00:16] pinakamataas
[1:00:18] na tayo
[1:00:18] so
[1:00:18] what are
[1:00:19] other
[1:00:19] countries
[1:00:20] doing
[1:00:20] that we
[1:00:21] are
[1:00:21] not
[1:00:22] doing
[1:00:22] ano pong
[1:00:22] magkakamali
[1:00:23] natin
[1:00:24] sa huling
[1:00:26] sola ni
[1:00:26] PBBM
[1:00:27] ang
[1:00:28] sabi
[1:00:29] na magkakaroon
[1:00:30] tayo
[1:00:30] ng
[1:00:30] almost
[1:00:30] 200
[1:00:31] bagong
[1:00:32] power
[1:00:32] plants
[1:00:32] yes
[1:00:33] Mr.
[1:00:35] Chair
[1:00:35] but
[1:00:36] only 31
[1:00:37] projects
[1:00:37] out of
[1:00:38] the
[1:00:38] new
[1:00:38] 200
[1:00:39] power
[1:00:39] generation
[1:00:40] assets
[1:00:41] no
[1:00:42] according
[1:00:44] to
[1:00:44] DOE
[1:00:44] committed
[1:00:46] to
[1:00:46] switch
[1:00:46] on
[1:00:46] by
[1:00:46] 2028
[1:00:47] so
[1:00:48] 31
[1:00:50] pa
[1:00:50] lang
[1:00:50] can you
[1:00:51] confirm
[1:00:52] that
[1:00:52] have
[1:00:52] been
[1:00:52] fired
[1:00:52] up
[1:00:53] so
[1:00:53] far
[1:00:54] out
[1:00:54] of
[1:00:54] the
[1:00:54] 200
[1:00:55] Mr.
[1:00:55] Chair
[1:00:55] I will
[1:00:56] try
[1:00:57] I will
[1:00:57] get
[1:00:57] the
[1:00:58] information
[1:00:58] and
[1:00:58] confirm
[1:00:59] that
[1:00:59] just
[1:01:00] update
[1:01:01] us
[1:01:01] of
[1:01:01] the
[1:01:02] information
[1:01:03] that
[1:01:04] we
[1:01:05] want
[1:01:06] also
[1:01:08] ilan
[1:01:08] na
[1:01:08] power
[1:01:08] plants
[1:01:09] ilan
[1:01:09] po
[1:01:09] yung
[1:01:09] base
[1:01:10] load
[1:01:10] alam
[1:01:10] po
[1:01:10] marami
[1:01:10] na
[1:01:11] tumatay
[1:01:11] ngay
[1:01:11] ngay
[1:01:11] ng
[1:01:11] renewables
[1:01:13] but
[1:01:13] what
[1:01:14] we
[1:01:14] really
[1:01:14] need
[1:01:14] is
[1:01:14] really
[1:01:15] to
[1:01:15] develop
[1:01:15] is
[1:01:15] the
[1:01:16] base
[1:01:16] load
[1:01:16] power
[1:01:16] plants
[1:01:17] so
[1:01:17] ilan
[1:01:17] po
[1:01:17] yung
[1:01:18] can
[1:01:18] you
[1:01:18] give
[1:01:19] us
[1:01:19] the
[1:01:19] data
[1:01:19] we'll
[1:01:20] submit
[1:01:20] the
[1:01:20] report
[1:01:20] ilan
[1:01:22] yung
[1:01:22] renewables
[1:01:24] solar
[1:01:24] other
[1:01:27] renewables
[1:01:28] and
[1:01:28] vis-a-vis
[1:01:29] the
[1:01:30] base
[1:01:30] load
[1:01:31] power
[1:01:31] plants
[1:01:31] Mr.
[1:01:32] Chair
[1:01:32] we'll
[1:01:32] flash
[1:01:33] it
[1:01:33] we're
[1:01:33] just
[1:01:33] going
[1:01:34] to
[1:01:34] coordinate
[1:01:34] with
[1:01:35] the
[1:01:35] Secretariat
[1:01:35] for
[1:01:35] the
[1:01:36] Thank
[1:01:38] you
[1:01:38] Mr.
[1:01:38] Chair
[1:01:39] I'll
[1:01:39] just
[1:01:40] ask
[1:01:40] questions
[1:01:41] later
[1:01:41] Thank
[1:01:42] you
[1:01:42] Senator
[1:01:43] JV
[1:01:44] Comsec
[1:01:45] who's
[1:01:45] next
[1:01:46] percent
[1:01:46] Department
[1:01:48] of
[1:01:49] Energy
[1:01:49] go ahead
[1:01:49] yes
[1:01:50] good
[1:01:50] morning
[1:01:51] sir
[1:01:51] as
[1:01:52] regards
[1:01:53] the
[1:01:53] strengthening
[1:01:54] of the
[1:01:54] ERC
[1:01:55] as
[1:01:55] mentioned
[1:01:55] earlier
[1:01:56] if there
[1:01:57] is
[1:01:57] really
[1:01:57] a need
[1:01:58] to
[1:01:58] strengthen
[1:01:58] the
[1:01:58] ERC
[1:01:59] in
[1:01:59] order
[1:01:59] to
[1:02:00] have
[1:02:01] their
[1:02:01] mandate
[1:02:03] implemented
[1:02:04] especially
[1:02:04] as regards
[1:02:05] the
[1:02:05] monitoring
[1:02:06] of the
[1:02:07] competition
[1:02:07] and
[1:02:08] that
[1:02:09] would
[1:02:09] include
[1:02:09] its
[1:02:10] fiscal
[1:02:11] independence
[1:02:12] and
[1:02:12] in
[1:02:12] determining
[1:02:13] the
[1:02:14] independence
[1:02:15] of the
[1:02:15] commissioners
[1:02:17] from
[1:02:17] the
[1:02:18] influence
[1:02:18] of
[1:02:19] the
[1:02:19] other
[1:02:19] participants
[1:02:20] which
[1:02:20] have
[1:02:21] been
[1:02:21] laid
[1:02:22] down
[1:02:22] in
[1:02:22] most
[1:02:23] of
[1:02:23] the
[1:02:23] bills
[1:02:24] but
[1:02:24] the
[1:02:24] DOE
[1:02:25] has
[1:02:25] already
[1:02:25] submitted
[1:02:26] our
[1:02:26] position
[1:02:27] on
[1:02:27] the
[1:02:27] different
[1:02:27] bills
[1:02:28] and
[1:02:29] we
[1:02:29] will
[1:02:29] we
[1:02:31] are
[1:02:31] in
[1:02:32] support
[1:02:32] generally
[1:02:33] on
[1:02:33] the
[1:02:34] independence
[1:02:35] of
[1:02:35] the
[1:02:36] ERC
[1:02:36] also
[1:02:37] we
[1:02:37] would
[1:02:38] like
[1:02:38] to
[1:02:38] emphasize
[1:02:39] that
[1:02:40] there
[1:02:40] is
[1:02:40] a
[1:02:41] bill
[1:02:41] that
[1:02:41] has
[1:02:41] created
[1:02:42] the
[1:02:42] committee
[1:02:43] on
[1:02:43] the
[1:02:44] transmission
[1:02:44] and
[1:02:45] distribution
[1:02:45] reliability
[1:02:46] which
[1:02:47] are
[1:02:47] both
[1:02:47] critical
[1:02:48] in
[1:02:48] ensuring
[1:02:49] the
[1:02:50] flow
[1:02:51] of
[1:02:51] our
[1:02:52] power
[1:02:52] to
[1:02:53] the
[1:02:53] end
[1:02:54] users
[1:02:54] also
[1:02:55] sir
[1:02:56] we
[1:02:56] would
[1:02:56] like
[1:02:57] to
[1:02:57] support
[1:02:58] the
[1:02:58] enhanced
[1:02:59] qualifications
[1:03:00] of
[1:03:00] the
[1:03:01] commissioners
[1:03:01] as
[1:03:01] proposed
[1:03:02] by
[1:03:02] the
[1:03:02] ERC
[1:03:03] as
[1:03:05] regards
[1:03:06] the
[1:03:07] bill
[1:03:07] on
[1:03:08] the
[1:03:08] lifeline
[1:03:10] subsidy
[1:03:10] which
[1:03:11] is
[1:03:11] included
[1:03:11] in
[1:03:12] this
[1:03:12] hearing
[1:03:12] we
[1:03:13] would
[1:03:13] like
[1:03:13] to
[1:03:13] caution
[1:03:17] on
[1:03:17] the
[1:03:17] impact
[1:03:18] of
[1:03:18] this
[1:03:18] on
[1:03:19] the
[1:03:19] public
[1:03:21] which
[1:03:21] eventually
[1:03:22] will
[1:03:22] be
[1:03:22] the
[1:03:23] one
[1:03:23] to
[1:03:23] shoulder
[1:03:24] the
[1:03:24] subsidy
[1:03:25] for
[1:03:25] the
[1:03:25] lifeline
[1:03:26] rate
[1:03:26] also
[1:03:27] as
[1:03:27] regards
[1:03:27] the
[1:03:28] public
[1:03:28] offering
[1:03:28] requirement
[1:03:29] relaxation
[1:03:30] of
[1:03:31] the
[1:03:31] same
[1:03:31] we
[1:03:31] would
[1:03:32] like
[1:03:32] to
[1:03:32] defer
[1:03:32] to
[1:03:32] the
[1:03:32] wisdom
[1:03:33] of
[1:03:33] the
[1:03:33] congress
[1:03:34] on
[1:03:35] this
[1:03:35] there
[1:03:35] are
[1:03:35] some
[1:03:36] we
[1:03:37] have
[1:03:37] a
[1:03:37] there
[1:03:38] are
[1:03:38] some
[1:03:38] pros
[1:03:38] and
[1:03:40] cons
[1:03:40] on
[1:03:40] the
[1:03:40] relaxation
[1:03:41] of
[1:03:41] this
[1:03:41] of
[1:03:42] this
[1:03:43] public
[1:03:43] offering
[1:03:43] requirement
[1:03:44] but
[1:03:44] for
[1:03:44] the
[1:03:45] generation
[1:03:45] sector
[1:03:46] I
[1:03:46] think
[1:03:47] the
[1:03:48] generator
[1:03:50] sector
[1:03:51] would
[1:03:51] be
[1:03:51] in
[1:03:52] support
[1:03:52] of
[1:03:52] that
[1:03:52] relaxation
[1:03:53] of
[1:03:53] the
[1:03:54] public
[1:03:54] offering
[1:03:54] requirement
[1:03:55] thank
[1:03:55] you
[1:03:56] sir
[1:03:56] alright
[1:03:56] so
[1:03:57] you're
[1:03:57] saying
[1:03:57] you're
[1:03:58] telling
[1:03:58] us
[1:03:58] you
[1:04:00] support
[1:04:00] separation
[1:04:03] of the
[1:04:04] energy
[1:04:06] regulatory
[1:04:07] commission
[1:04:07] I mean
[1:04:08] para
[1:04:10] magkaroon
[1:04:11] siya
[1:04:11] enough
[1:04:12] powers
[1:04:12] but
[1:04:14] is it
[1:04:14] a
[1:04:14] guarantee
[1:04:15] if we
[1:04:16] do
[1:04:16] give
[1:04:17] him
[1:04:17] powers
[1:04:18] is it
[1:04:18] a
[1:04:19] guarantee
[1:04:19] na
[1:04:20] makokontrol
[1:04:21] niya
[1:04:21] let's
[1:04:21] ask
[1:04:22] attorney
[1:04:22] Juan
[1:04:22] attorney
[1:04:23] Juan
[1:04:23] if
[1:04:24] the
[1:04:24] powers
[1:04:25] will
[1:04:25] be
[1:04:26] granted
[1:04:26] additional
[1:04:27] powers
[1:04:28] for
[1:04:28] you
[1:04:28] independence
[1:04:30] it
[1:04:31] will
[1:04:32] it
[1:04:32] be
[1:04:32] a
[1:04:32] guarantee
[1:04:32] for
[1:04:33] the
[1:04:33] public
[1:04:34] now
[1:04:34] you
[1:04:34] will
[1:04:35] be
[1:04:35] able
[1:04:35] to
[1:04:36] really
[1:04:36] monitor
[1:04:37] regulate
[1:04:38] hindi
[1:04:39] na
[1:04:39] magkakaroon
[1:04:40] ng
[1:04:40] mga
[1:04:40] pangaabuso
[1:04:41] ika
[1:04:42] nga
[1:04:43] walang
[1:04:43] haba
[1:04:44] sa
[1:04:44] pagtaas
[1:04:44] ng
[1:04:45] kuryente
[1:04:45] is
[1:04:46] that
[1:04:46] a
[1:04:46] guarantee
[1:04:47] attorney
[1:04:48] Juan
[1:04:48] Mr.
[1:04:50] Chair
[1:04:50] I
[1:04:50] can
[1:04:50] only
[1:04:50] say
[1:04:51] that
[1:04:51] if
[1:04:51] our
[1:04:52] powers
[1:04:53] are
[1:04:53] clearly
[1:04:54] defined
[1:04:55] and
[1:04:55] delineated
[1:04:56] from
[1:04:56] that
[1:04:56] of
[1:04:57] the
[1:04:57] Department
[1:04:58] of
[1:04:58] Energy
[1:04:58] and
[1:04:58] the
[1:04:59] other
[1:04:59] stakeholders
[1:05:00] in the
[1:05:00] industry
[1:05:01] and
[1:05:01] given
[1:05:02] also
[1:05:02] the
[1:05:03] resources
[1:05:04] in terms
[1:05:05] of
[1:05:05] manpower
[1:05:05] and
[1:05:06] capex
[1:05:09] then
[1:05:10] we can
[1:05:12] function
[1:05:12] as
[1:05:13] intended
[1:05:14] based on
[1:05:15] these
[1:05:16] powers
[1:05:17] as defined
[1:05:18] Mr.
[1:05:18] Chair
[1:05:19] Mr.
[1:05:21] Chairman
[1:05:22] talking about
[1:05:23] the powers
[1:05:24] of
[1:05:24] Erc
[1:05:25] I'll
[1:05:26] request
[1:05:27] from
[1:05:27] the
[1:05:27] ERC
[1:05:28] to
[1:05:28] submit
[1:05:29] to
[1:05:29] the
[1:05:29] committee
[1:05:29] itong
[1:05:30] fuel
[1:05:32] pass
[1:05:33] through
[1:05:33] audit
[1:05:33] when
[1:05:34] was
[1:05:34] the
[1:05:34] last
[1:05:35] time
[1:05:35] you
[1:05:35] conducted
[1:05:36] an
[1:05:36] audit
[1:05:36] Chairman
[1:05:37] based
[1:05:40] on
[1:05:40] my
[1:05:40] records
[1:05:40] 2023
[1:05:41] around
[1:05:43] that
[1:05:43] time
[1:05:44] Mr.
[1:05:44] Chair
[1:05:45] when
[1:05:45] there
[1:05:46] was
[1:05:46] the
[1:05:47] Ukraine
[1:05:47] spike
[1:05:49] Mag-request
[1:05:49] kami
[1:05:50] another
[1:05:51] round
[1:05:51] of
[1:05:51] audit
[1:05:52] kasi
[1:05:52] may spike
[1:05:53] na
[1:05:53] naman
[1:05:53] ngayon
[1:05:54] itong
[1:05:55] Iran
[1:05:56] conflict
[1:05:57] created
[1:05:57] the
[1:05:57] spike
[1:05:57] so
[1:05:59] may
[1:06:00] I request
[1:06:01] through the
[1:06:01] committee
[1:06:01] through the
[1:06:02] Chairman
[1:06:02] to
[1:06:03] conduct
[1:06:03] an
[1:06:04] audit
[1:06:04] 2026
[1:06:07] itong
[1:06:08] time frame
[1:06:08] para
[1:06:09] makita
[1:06:10] natin
[1:06:10] kung
[1:06:10] yung
[1:06:11] pass
[1:06:12] through
[1:06:12] na
[1:06:12] pinapasa
[1:06:12] sa
[1:06:13] atin
[1:06:13] is
[1:06:14] reasonable
[1:06:15] and
[1:06:16] at
[1:06:16] market
[1:06:17] rates
[1:06:17] so
[1:06:18] just
[1:06:19] submit
[1:06:19] to
[1:06:19] the
[1:06:19] committee
[1:06:20] a
[1:06:21] fuel
[1:06:21] pass
[1:06:22] through
[1:06:22] audit
[1:06:23] for
[1:06:24] 2026
[1:06:25] Yes
[1:06:27] Mr.
[1:06:28] Chair
[1:06:28] we will
[1:06:28] prioritize
[1:06:29] that
[1:06:29] work
[1:06:30] over
[1:06:30] the
[1:06:30] other
[1:06:31] pending
[1:06:32] work
[1:06:32] so
[1:06:32] we
[1:06:32] can
[1:06:32] submit
[1:06:33] as
[1:06:34] soon
[1:06:34] as
[1:06:34] possible
[1:06:34] the
[1:06:35] results
[1:06:36] of
[1:06:36] para
[1:06:36] maging
[1:06:36] confident
[1:06:37] naman
[1:06:37] kami
[1:06:37] na
[1:06:38] yung
[1:06:38] mga
[1:06:38] pinapasa
[1:06:39] sa
[1:06:39] atin
[1:06:39] is
[1:06:39] reasonable
[1:06:40] I'm
[1:06:40] not
[1:06:40] saying
[1:06:41] over
[1:06:42] okay
[1:06:43] lang
[1:06:43] kung
[1:06:44] under
[1:06:44] pero
[1:06:45] what
[1:06:45] we
[1:06:46] want
[1:06:46] is
[1:06:46] reasonable
[1:06:47] siya
[1:06:48] at
[1:06:48] hindi
[1:06:49] tine
[1:06:49] take
[1:06:49] advantage
[1:06:50] itong
[1:06:50] situation
[1:06:51] kasi
[1:06:51] pag
[1:06:51] ganitong
[1:06:52] abnormal
[1:06:52] situation
[1:06:53] meron
[1:06:55] talagang
[1:06:55] pwede
[1:06:56] talagang
[1:06:57] abusuhin
[1:06:57] and
[1:06:58] being a
[1:06:59] monopoly
[1:07:00] and being
[1:07:00] a
[1:07:01] utility
[1:07:02] being a
[1:07:03] monopoly
[1:07:03] pwede
[1:07:04] talagang
[1:07:04] maabuso
[1:07:05] so we
[1:07:05] want to
[1:07:05] get that
[1:07:06] confidence
[1:07:06] on
[1:07:07] on a
[1:07:07] separate
[1:07:07] note
[1:07:08] Mr.
[1:07:09] Chairman
[1:07:09] dahil
[1:07:09] pinapag-usapan
[1:07:10] natin
[1:07:10] yung
[1:07:11] powers
[1:07:12] ng
[1:07:12] ERC
[1:07:13] ito
[1:07:13] lumalabas
[1:07:14] through
[1:07:14] every
[1:07:15] budget
[1:07:15] season
[1:07:16] yung
[1:07:17] reset
[1:07:17] and the
[1:07:19] reset
[1:07:19] delay
[1:07:19] na
[1:07:19] delay
[1:07:20] rin
[1:07:20] tayo
[1:07:21] one
[1:07:22] of
[1:07:22] the
[1:07:23] problems
[1:07:24] ng
[1:07:24] delayed
[1:07:25] reset
[1:07:26] is
[1:07:26] hindi
[1:07:26] nakocompute
[1:07:27] kaagad
[1:07:28] yung
[1:07:28] weighted
[1:07:28] cost
[1:07:28] of
[1:07:29] average
[1:07:29] diba
[1:07:30] yung
[1:07:31] weighted
[1:07:34] average
[1:07:35] cost
[1:07:35] of
[1:07:35] capital
[1:07:35] hindi
[1:07:36] nakocompute
[1:07:38] kaagad
[1:07:38] yung
[1:07:39] WAC
[1:07:39] pag
[1:07:40] hindi
[1:07:40] nakocompute
[1:07:41] yung
[1:07:41] WAC
[1:07:41] na
[1:07:41] iipit
[1:07:42] siya
[1:07:42] sa
[1:07:42] pinakamataas
[1:07:43] at
[1:07:44] hindi
[1:07:44] nakocompute
[1:07:45] sa
[1:07:45] market
[1:07:46] rate
[1:07:46] so
[1:07:46] ibig
[1:07:46] sabihin
[1:07:47] in
[1:07:47] simple
[1:07:47] terms
[1:07:48] mas
[1:07:48] malaki
[1:07:49] yung
[1:07:49] kita
[1:07:49] nila
[1:07:50] na
[1:07:51] sinacharge
[1:07:52] sa
[1:07:52] consumers
[1:07:53] versus
[1:07:54] yung
[1:07:54] market
[1:07:55] rate
[1:07:55] ng
[1:07:56] weighted
[1:07:56] average
[1:07:57] cost
[1:07:57] of
[1:07:57] capital
[1:07:58] so
[1:07:58] ang
[1:07:59] isa
[1:07:59] sa
[1:07:59] mga
[1:07:59] dapat
[1:08:00] mapag-usapan
[1:08:01] at
[1:08:02] hingi
[1:08:02] kami
[1:08:02] ng
[1:08:03] proposal
[1:08:04] sa
[1:08:04] ERC
[1:08:09] hindi
[1:08:09] na
[1:08:09] mangyayari
[1:08:10] delay
[1:08:11] ng
[1:08:11] reset
[1:08:11] is it
[1:08:13] additional
[1:08:14] manpower
[1:08:14] is it
[1:08:15] additional
[1:08:16] technical
[1:08:16] technical
[1:08:18] teams
[1:08:19] do we
[1:08:20] need
[1:08:20] to
[1:08:20] adjust
[1:08:21] the
[1:08:23] compensation
[1:08:24] of your
[1:08:24] technical
[1:08:25] teams
[1:08:25] do we
[1:08:25] need
[1:08:26] to
[1:08:26] create
[1:08:26] through
[1:08:26] law
[1:08:27] a
[1:08:27] special
[1:08:28] office
[1:08:28] just
[1:08:29] to
[1:08:29] cater
[1:08:30] to
[1:08:30] the
[1:08:30] reset
[1:08:31] ako
[1:08:31] isa
[1:08:32] sa
[1:08:32] paniniwala
[1:08:32] ko
[1:08:33] mapapababa
[1:08:35] natin
[1:08:35] ng presyo
[1:08:36] ng
[1:08:36] kuryente
[1:08:36] if
[1:08:36] we
[1:08:37] can
[1:08:38] do
[1:08:38] the
[1:08:39] resets
[1:08:39] on
[1:08:39] a
[1:08:39] regular
[1:08:40] and
[1:08:41] timely
[1:08:41] manner
[1:08:42] pag
[1:08:43] regular
[1:08:43] and
[1:08:43] timely
[1:08:44] manner
[1:08:44] siya
[1:08:45] mapapababa
[1:08:47] natin
[1:08:47] yung
[1:08:47] weighted
[1:08:47] average
[1:08:48] cost
[1:08:48] of
[1:08:48] capital
[1:08:49] at
[1:08:50] sigurado
[1:08:50] ako
[1:08:51] yung
[1:08:51] pass
[1:08:51] through
[1:08:52] to
[1:08:52] the
[1:08:52] pass
[1:08:53] through
[1:08:54] rin
[1:08:54] ito
[1:08:54] charge
[1:08:55] rin
[1:08:55] sa
[1:08:55] consumers
[1:08:56] natin
[1:08:56] mapapababa
[1:08:57] natin
[1:08:58] and
[1:08:59] nakita
[1:09:00] ko rin
[1:09:00] ito
[1:09:00] in
[1:09:00] many
[1:09:01] many
[1:09:01] cases
[1:09:01] through
[1:09:02] the
[1:09:02] budget
[1:09:03] hearing
[1:09:03] so
[1:09:03] we
[1:09:04] like
[1:09:04] to
[1:09:05] get
[1:09:05] a
[1:09:05] proposal
[1:09:06] from
[1:09:06] ERC
[1:09:07] ano
[1:09:07] mga
[1:09:07] pwede
[1:09:08] natin
[1:09:08] ilagay
[1:09:08] dito
[1:09:09] sa
[1:09:09] charter
[1:09:09] para
[1:09:11] mapabilis
[1:09:12] yung
[1:09:13] reset
[1:09:13] hindi
[1:09:13] siya
[1:09:14] madidelay
[1:09:15] we
[1:09:18] agree
[1:09:18] Mr.
[1:09:19] Chair
[1:09:19] and
[1:09:20] we
[1:09:20] will
[1:09:20] submit
[1:09:23] what
[1:09:24] we
[1:09:24] can
[1:09:25] incorporate
[1:09:26] in
[1:09:27] the
[1:09:28] bill
[1:09:28] to
[1:09:29] prevent
[1:09:31] a
[1:09:32] similar
[1:09:32] situation
[1:09:33] from
[1:09:33] happening
[1:09:34] if
[1:09:35] we
[1:09:35] will
[1:09:35] trace
[1:09:35] naman
[1:09:35] saan
[1:09:36] ba
[1:09:36] at
[1:09:37] paano
[1:09:37] nagkaroon
[1:09:38] ng
[1:09:38] delay
[1:09:39] nagkaroon
[1:09:39] kasi
[1:09:40] po
[1:09:40] yan
[1:09:40] ng
[1:09:40] delay
[1:09:41] doon
[1:09:41] sa
[1:09:41] pagpapalit
[1:09:42] ng
[1:09:42] mga
[1:09:43] membro
[1:09:43] ng
[1:09:44] komisyon
[1:09:45] dahil
[1:09:45] yung
[1:09:45] mga
[1:09:45] bago
[1:09:46] na
[1:09:47] pumasok
[1:09:48] mayroon
[1:09:49] silang
[1:09:49] learning
[1:09:50] curve
[1:09:51] at
[1:09:51] mayroon
[1:09:52] silang
[1:09:52] mga
[1:09:52] own
[1:09:53] ideas
[1:09:53] about
[1:09:54] the
[1:09:54] methodology
[1:09:54] itself
[1:09:55] kaya
[1:09:56] nagkaroon
[1:09:57] nag
[1:09:58] open
[1:09:58] sila
[1:09:58] ng
[1:09:58] review
[1:09:59] of
[1:09:59] the
[1:09:59] methodology
[1:10:00] hanggang
[1:10:01] natapos
[1:10:02] na lang
[1:10:02] yung
[1:10:02] term
[1:10:02] nila
[1:10:03] hindi
[1:10:03] pa rin
[1:10:03] natapos
[1:10:04] yung
[1:10:04] review
[1:10:04] ng
[1:10:04] methodology
[1:10:05] nagkaroon
[1:10:06] ng
[1:10:06] amendments
[1:10:07] a few
[1:10:08] amendments
[1:10:09] to
[1:10:09] the
[1:10:09] methodology
[1:10:10] to
[1:10:10] the
[1:10:10] rules
[1:10:10] pero
[1:10:11] since
[1:10:12] nagkaroon
[1:10:12] na
[1:10:12] ng
[1:10:12] delay
[1:10:13] hindi
[1:10:14] na
[1:10:14] alam
[1:10:14] kung paano
[1:10:16] nila
[1:10:16] i-address
[1:10:17] yung
[1:10:17] delay
[1:10:17] but
[1:10:17] we have
[1:10:18] found
[1:10:18] a
[1:10:19] solution
[1:10:19] kaya
[1:10:19] we have
[1:10:20] actually
[1:10:21] started
[1:10:21] the
[1:10:22] reset
[1:10:22] of
[1:10:23] all
[1:10:23] the
[1:10:23] distribution
[1:10:24] utilities
[1:10:24] now
[1:10:25] and
[1:10:25] in a
[1:10:26] couple
[1:10:26] of
[1:10:26] months
[1:10:27] maaaring
[1:10:27] magkaroon
[1:10:28] na
[1:10:28] po
[1:10:28] kami
[1:10:29] ng
[1:10:29] mga
[1:10:29] desisyon
[1:10:30] doon
[1:10:30] sa
[1:10:30] group
[1:10:30] A
[1:10:31] ng
[1:10:31] private
[1:10:31] distribution
[1:10:32] utilities
[1:10:33] but
[1:10:33] maaaring
[1:10:34] kailangan
[1:10:35] na
[1:10:35] sabatas
[1:10:36] na
[1:10:36] kung
[1:10:36] ano
[1:10:37] yung
[1:10:37] pwede
[1:10:37] para
[1:10:38] maprevent
[1:10:38] this
[1:10:42] delay
[1:10:42] na
[1:10:42] tayo
[1:10:42] for
[1:10:43] the
[1:10:43] transmission
[1:10:44] for
[1:10:45] NGCP
[1:10:46] the
[1:10:47] transmission
[1:10:47] company
[1:10:48] mga
[1:10:48] utilities
[1:10:49] delay
[1:10:49] na
[1:10:49] delay
[1:10:49] na
[1:10:50] tayo
[1:10:51] at
[1:10:51] nagahabol
[1:10:52] tayo
[1:10:53] sa
[1:10:53] reset
[1:10:53] eh
[1:10:53] hindi
[1:10:54] naman
[1:10:54] tayo
[1:10:54] on
[1:10:54] time
[1:10:55] nung
[1:10:55] nagahabol
[1:10:56] tayo
[1:10:56] ako
[1:10:56] isa
[1:10:57] rin
[1:10:57] yan
[1:10:57] ng
[1:10:57] cost
[1:10:57] kung
[1:10:58] bakit
[1:10:58] mataas
[1:10:58] ang
[1:10:58] presyo
[1:10:59] ng
[1:10:59] kuryente
[1:10:59] natin
[1:11:00] so
[1:11:01] again
[1:11:01] the
[1:11:02] point
[1:11:02] I'm
[1:11:02] trying
[1:11:02] to
[1:11:02] make
[1:11:03] is
[1:11:03] since
[1:11:05] charter
[1:11:05] ng
[1:11:05] ERC
[1:11:06] pinag-uusapan
[1:11:06] natin
[1:11:07] maglagay
[1:11:07] na
[1:11:07] tayo
[1:11:08] doon
[1:11:08] ng
[1:11:08] mekanismo
[1:11:10] para
[1:11:10] itong
[1:11:10] reset
[1:11:11] eh
[1:11:11] mapabilis
[1:11:12] natin
[1:11:13] maging
[1:11:14] timely
[1:11:14] at
[1:11:15] ang
[1:11:15] effect
[1:11:15] noon
[1:11:15] ay
[1:11:16] bababa
[1:11:16] ang
[1:11:17] presyo
[1:11:17] ng
[1:11:17] kuryente
[1:11:17] thank you
[1:11:20] mr.
[1:11:20] chair
[1:11:20] thank you
[1:11:21] sv
[1:11:22] we
[1:11:23] move
[1:11:24] on
[1:11:24] comsec
[1:11:25] national
[1:11:30] electrification
[1:11:31] administration
[1:11:31] go ahead
[1:11:32] good morning
[1:11:33] mr.
[1:11:34] chair
[1:11:34] good morning
[1:11:35] your
[1:11:36] honors
[1:11:36] neia
[1:11:38] expresses
[1:11:40] its
[1:11:41] support
[1:11:41] for
[1:11:41] the
[1:11:42] proposed
[1:11:43] measures
[1:11:43] and
[1:11:44] respectfully
[1:11:45] submitting
[1:11:45] our
[1:11:47] position
[1:11:48] specifically
[1:11:49] on
[1:11:50] senate
[1:11:50] bill
[1:11:50] number
[1:11:51] 63
[1:11:51] on
[1:11:52] the
[1:11:52] enhancement
[1:11:53] of
[1:11:53] the
[1:11:54] implementation
[1:11:54] of
[1:11:55] the
[1:11:55] lifeline
[1:11:55] rate
[1:11:56] neia
[1:11:57] fully
[1:11:57] supports
[1:11:58] the
[1:11:58] establishment
[1:11:59] of
[1:12:00] a
[1:12:00] government
[1:12:01] funded
[1:12:01] electricity
[1:12:02] subsidy
[1:12:03] program
[1:12:04] for
[1:12:04] qualified
[1:12:05] low
[1:12:05] income
[1:12:06] households
[1:12:07] the
[1:12:09] recently
[1:12:10] issued
[1:12:10] erc
[1:12:11] resolution
[1:12:11] number
[1:12:12] two
[1:12:12] series
[1:12:12] of
[1:12:13] 2026
[1:12:14] imposes
[1:12:15] a
[1:12:15] uniform
[1:12:15] national
[1:12:16] lifeline
[1:12:16] subsidy
[1:12:17] rate
[1:12:17] of
[1:12:18] 0.01
[1:12:19] centavo
[1:12:20] per
[1:12:21] kilowatt
[1:12:21] hour
[1:12:22] to be
[1:12:22] collected
[1:12:22] from
[1:12:23] non-lifeline
[1:12:24] customers
[1:12:25] the
[1:12:27] approval
[1:12:28] of this
[1:12:28] proposed
[1:12:29] measure
[1:12:29] can
[1:12:30] possibly
[1:12:30] alleviate
[1:12:31] some
[1:12:31] of the
[1:12:32] burden
[1:12:32] shouldered
[1:12:33] by
[1:12:33] ordinary
[1:12:34] electricity
[1:12:34] consumers
[1:12:35] however
[1:12:36] neia
[1:12:37] respectfully
[1:12:38] submits
[1:12:39] the
[1:12:39] following
[1:12:39] observations
[1:12:40] and
[1:12:42] recommendations
[1:12:43] for the
[1:12:44] consideration
[1:12:44] of this
[1:12:45] committee
[1:12:45] number
[1:12:46] one
[1:12:47] ensure
[1:12:49] timely
[1:12:49] reimbursement
[1:12:50] of
[1:12:50] subsidies
[1:12:51] your
[1:12:53] honor
[1:12:53] since
[1:12:53] electric
[1:12:54] cooperatives
[1:12:54] operate
[1:12:55] on
[1:12:55] limited
[1:12:56] financial
[1:12:57] resources
[1:12:57] the
[1:12:58] law
[1:12:59] should
[1:12:59] include
[1:13:00] a
[1:13:00] mechanism
[1:13:00] that
[1:13:01] guarantees
[1:13:02] the
[1:13:02] prompt
[1:13:02] release
[1:13:03] and
[1:13:04] reimbursement
[1:13:05] of
[1:13:05] subsidy
[1:13:06] claims
[1:13:06] delays
[1:13:08] in
[1:13:08] reimbursement
[1:13:09] may
[1:13:09] adversely
[1:13:10] affect
[1:13:10] the
[1:13:11] financial
[1:13:11] viability
[1:13:12] and
[1:13:13] cash
[1:13:13] flow
[1:13:14] of
[1:13:14] electric
[1:13:15] cooperatives
[1:13:16] particularly
[1:13:17] those
[1:13:17] serving
[1:13:18] geographically
[1:13:19] isolated
[1:13:19] and
[1:13:20] economically
[1:13:21] disadvantaged
[1:13:22] areas
[1:13:23] number
[1:13:24] two
[1:13:24] conduct
[1:13:25] periodic
[1:13:26] program
[1:13:27] evaluation
[1:13:28] neia
[1:13:29] suggests
[1:13:29] that the
[1:13:30] implementing
[1:13:30] agency
[1:13:31] undertake
[1:13:32] regular
[1:13:32] monitoring
[1:13:33] and
[1:13:33] evaluation
[1:13:34] of
[1:13:34] the
[1:13:35] expanded
[1:13:35] lifeline
[1:13:37] rate
[1:13:37] program
[1:13:39] to
[1:13:39] assess
[1:13:40] its
[1:13:40] effectiveness
[1:13:41] fiscal
[1:13:42] sustainability
[1:13:43] and
[1:13:44] impact
[1:13:45] on
[1:13:45] electricity
[1:13:46] access
[1:13:46] and
[1:13:47] affordability
[1:13:47] with
[1:13:48] appropriate
[1:13:49] reporting
[1:13:50] to
[1:13:50] Congress
[1:13:51] and
[1:13:51] number
[1:13:52] three
[1:13:52] include
[1:13:53] neia
[1:13:53] in the
[1:13:54] formulation
[1:13:54] of the
[1:13:55] implementing
[1:13:56] rules
[1:13:56] and
[1:13:56] guidelines
[1:13:57] or
[1:13:57] the
[1:13:58] irr
[1:13:58] neia
[1:13:59] respectfully
[1:14:00] recommends
[1:14:01] that it
[1:14:01] be
[1:14:01] expressly
[1:14:02] included
[1:14:02] among
[1:14:03] the
[1:14:03] agency's
[1:14:04] task
[1:14:04] to
[1:14:04] formulate
[1:14:05] the
[1:14:06] implementing
[1:14:07] rules
[1:14:07] and
[1:14:07] regulations
[1:14:08] under
[1:14:09] section
[1:14:09] 4
[1:14:09] of
[1:14:10] the
[1:14:10] bill
[1:14:10] as
[1:14:11] the
[1:14:11] government
[1:14:12] agency
[1:14:12] mandated
[1:14:13] to
[1:14:13] supervise
[1:14:14] and
[1:14:15] oversee
[1:14:16] the
[1:14:16] operations
[1:14:17] and
[1:14:17] development
[1:14:17] of
[1:14:18] electric
[1:14:18] cooperatives
[1:14:19] neia
[1:14:20] is in
[1:14:20] a position
[1:14:21] to
[1:14:21] provide
[1:14:22] valuable
[1:14:23] technical
[1:14:24] and
[1:14:24] operational
[1:14:25] inputs
[1:14:25] to
[1:14:26] ensure
[1:14:26] that
[1:14:27] the
[1:14:28] irr
[1:14:28] is
[1:14:28] practical
[1:14:29] responsive
[1:14:30] to
[1:14:31] the
[1:14:31] realities
[1:14:33] faced
[1:14:33] by the
[1:14:33] electric
[1:14:35] cooperatives
[1:14:35] and
[1:14:36] effectively
[1:14:37] implemented
[1:14:38] as to
[1:14:39] the
[1:14:39] other
[1:14:40] senate
[1:14:40] bills
[1:14:41] relating
[1:14:41] to
[1:14:42] the
[1:14:42] ERC
[1:14:43] we
[1:14:43] respectfully
[1:14:44] adopt
[1:14:45] the
[1:14:45] position
[1:14:45] of
[1:14:46] the
[1:14:46] department
[1:14:46] of
[1:14:47] energy
[1:14:47] that's
[1:14:49] all
[1:14:49] sir
[1:14:49] thank
[1:14:50] you
[1:14:50] administrator
[1:14:51] Almeda
[1:14:52] I only
[1:14:54] have
[1:14:54] a couple
[1:14:55] of
[1:14:55] questions
[1:14:56] though
[1:14:56] kayo
[1:14:58] po
[1:14:58] ang
[1:14:58] in
[1:14:59] charge
[1:14:59] dito
[1:15:00] sa mga
[1:15:01] electric
[1:15:02] cooperatives
[1:15:02] natin
[1:15:03] nationwide
[1:15:03] tama
[1:15:04] po
[1:15:04] yun
[1:15:04] yes
[1:15:05] your
[1:15:05] honor
[1:15:06] all
[1:15:06] right
[1:15:06] kayo
[1:15:07] din
[1:15:07] po
[1:15:07] nagmamonitor
[1:15:08] kung
[1:15:09] ilan
[1:15:09] beses
[1:15:09] nagbabrown
[1:15:10] out
[1:15:10] itong
[1:15:10] mga
[1:15:11] ito
[1:15:11] at
[1:15:11] yung
[1:15:11] kasama
[1:15:13] rin
[1:15:13] po
[1:15:13] ba
[1:15:13] dyan
[1:15:13] na
[1:15:14] pagmamonitor
[1:15:14] doon
[1:15:15] po
[1:15:15] pag
[1:15:15] sa taas
[1:15:16] ng
[1:15:16] presyo
[1:15:16] ng
[1:15:17] power
[1:15:18] rates
[1:15:18] nila
[1:15:19] or
[1:15:19] it
[1:15:19] will
[1:15:19] be
[1:15:20] under
[1:15:20] ERC
[1:15:22] pa
[1:15:22] rin
[1:15:22] your
[1:15:23] honor
[1:15:23] with
[1:15:24] regards
[1:15:24] to
[1:15:25] the
[1:15:25] brown
[1:15:26] outs
[1:15:27] the
[1:15:27] frequency
[1:15:28] and
[1:15:29] the
[1:15:29] duration
[1:15:29] of
[1:15:30] brown
[1:15:30] outs
[1:15:30] naka
[1:15:30] monitor
[1:15:31] po
[1:15:31] sa
[1:15:31] amin
[1:15:31] yan
[1:15:31] every
[1:15:32] month
[1:15:32] naka
[1:15:32] report
[1:15:33] po
[1:15:33] sa
[1:15:33] as
[1:15:34] with
[1:15:35] regard
[1:15:35] to
[1:15:35] the
[1:15:35] rates
[1:15:36] your
[1:15:37] order
[1:15:37] it's
[1:15:37] the
[1:15:38] mandate
[1:15:40] of
[1:15:40] the
[1:15:40] ERC
[1:15:41] okay
[1:15:42] sir
[1:15:42] let me
[1:15:43] ask
[1:15:43] you
[1:15:43] this
[1:15:43] question
[1:15:43] kasi
[1:15:44] may
[1:15:45] alam
[1:15:46] ako
[1:15:46] na
[1:15:46] tatlong
[1:15:46] electric
[1:15:47] cooperative
[1:15:48] di
[1:15:48] ka
[1:15:48] muna
[1:15:48] babanggitin
[1:15:49] pero
[1:15:49] terible
[1:15:51] sa
[1:15:51] brown
[1:15:52] out
[1:15:52] right
[1:15:53] ano
[1:15:55] pong
[1:15:55] amenable
[1:15:56] na
[1:15:56] period
[1:15:57] o
[1:15:58] na
[1:15:58] araw
[1:15:59] na
[1:15:59] pwedeng
[1:16:00] mag
[1:16:00] brown
[1:16:00] out
[1:16:01] ng
[1:16:01] isang
[1:16:01] electric
[1:16:01] cooperative
[1:16:02] okay
[1:16:03] lang ba
[1:16:03] araw
[1:16:04] araw
[1:16:04] siya
[1:16:04] mag
[1:16:04] brown
[1:16:05] out
[1:16:05] kung
[1:16:06] mag
[1:16:06] brown
[1:16:06] out
[1:16:06] man
[1:16:07] siya
[1:16:07] gaano
[1:16:07] katagal
[1:16:08] na
[1:16:08] walang
[1:16:08] power
[1:16:09] papano
[1:16:11] po
[1:16:11] ito
[1:16:11] at
[1:16:12] ano
[1:16:12] po
[1:16:12] mga
[1:16:12] reasons
[1:16:13] dapat
[1:16:13] ibigay
[1:16:14] nila
[1:16:14] pwede
[1:16:15] po
[1:16:15] ba
[1:16:15] yung
[1:16:15] reason
[1:16:16] na
[1:16:16] dumaan
[1:16:16] po
[1:16:16] yung
[1:16:17] pusa
[1:16:17] doon
[1:16:17] sa
[1:16:17] kuryente
[1:16:18] kuryente
[1:16:19] kaya
[1:16:20] nasira
[1:16:20] o
[1:16:21] natumba
[1:16:21] yung
[1:16:22] kanilang
[1:16:22] poste
[1:16:23] dahil
[1:16:23] bulok
[1:16:23] na
[1:16:23] inanay
[1:16:24] na
[1:16:24] what
[1:16:25] could
[1:16:25] be
[1:16:25] the
[1:16:25] good
[1:16:28] reason
[1:16:29] na
[1:16:29] pwede
[1:16:30] silang
[1:16:30] mag
[1:16:30] brown
[1:16:30] out
[1:16:31] ano
[1:16:31] po
[1:16:31] ba
[1:16:32] Your
[1:16:33] Honor
[1:16:33] totoo
[1:16:34] po
[1:16:34] yan
[1:16:34] kasi
[1:16:35] karamihan
[1:16:36] po
[1:16:36] sa ating
[1:16:37] electric
[1:16:37] cooperatives
[1:16:38] specifically
[1:16:40] those
[1:16:41] that
[1:16:41] belong
[1:16:41] to
[1:16:41] the
[1:16:42] category
[1:16:42] C
[1:16:43] and D
[1:16:43] and
[1:16:43] the
[1:16:44] Aling
[1:16:44] mga
[1:16:47] ang kanilang
[1:16:48] mga
[1:16:48] sub
[1:16:49] transmission
[1:16:49] or
[1:16:50] distribution
[1:16:50] infrastructure
[1:16:51] ay age
[1:16:52] old
[1:16:52] po
[1:16:53] so
[1:16:53] ito
[1:16:54] po
[1:16:54] ay
[1:16:54] mga
[1:16:55] uninsulated
[1:16:56] pa
[1:16:56] so
[1:16:57] kaya
[1:16:58] nga
[1:16:58] po
[1:16:58] meron
[1:16:59] tayo
[1:16:59] yung
[1:16:59] national
[1:17:00] subsidy
[1:17:00] program
[1:17:01] na
[1:17:01] ang
[1:17:02] NEA
[1:17:02] ay
[1:17:02] tinutulungan
[1:17:03] sila
[1:17:04] para
[1:17:05] makapaggawa
[1:17:06] ng line
[1:17:06] enhancement
[1:17:07] Your
[1:17:09] Honor
[1:17:10] alam
[1:17:10] nyo po
[1:17:10] ang
[1:17:11] mga
[1:17:12] uninsulated
[1:17:13] na
[1:17:13] linya
[1:17:15] lalo
[1:17:15] na
[1:17:15] yung
[1:17:16] mga
[1:17:16] single
[1:17:16] phase
[1:17:17] pa
[1:17:17] madapuan
[1:17:18] lang po
[1:17:18] ng
[1:17:19] dahon
[1:17:20] yan
[1:17:20] or
[1:17:20] magkaroon
[1:17:22] lang po
[1:17:23] ng
[1:17:23] tuko
[1:17:23] na
[1:17:23] gumapang
[1:17:24] dyan
[1:17:24] nagtitrip
[1:17:25] po
[1:17:25] yan
[1:17:25] and
[1:17:26] yan
[1:17:27] po
[1:17:27] ang
[1:17:27] isa
[1:17:27] sa
[1:17:28] mga
[1:17:28] dahilan
[1:17:29] in address
[1:17:31] ng
[1:17:31] PD269
[1:17:32] nung
[1:17:32] araw
[1:17:33] pa
[1:17:33] kaya po
[1:17:34] yung
[1:17:34] former
[1:17:35] President
[1:17:35] Ferdinand
[1:17:36] Marcos
[1:17:36] Sr.
[1:17:37] ay nag
[1:17:37] allocate
[1:17:38] ng
[1:17:38] national
[1:17:39] subsidy
[1:17:39] program
[1:17:40] na
[1:17:40] ini-implement
[1:17:41] po
[1:17:41] ng
[1:17:41] NEA
[1:17:41] at
[1:17:42] tinutulungan
[1:17:43] po
[1:17:43] namin
[1:17:43] i-upgrade
[1:17:44] ang mga
[1:17:45] sub-transmission
[1:17:47] distribution
[1:17:48] infrastructures
[1:17:49] na yan
[1:17:49] Okay
[1:17:50] yung sinabi
[1:17:51] mga
[1:17:52] mga
[1:17:52] luma
[1:17:52] na
[1:17:53] wala
[1:17:53] bang
[1:17:53] ikang
[1:17:54] magkusa
[1:17:57] itong
[1:17:58] mga
[1:17:58] power
[1:17:58] companies
[1:17:59] at
[1:17:59] electric
[1:18:00] cooperatives
[1:18:01] na ito
[1:18:01] na magloan
[1:18:02] man lang
[1:18:03] para
[1:18:03] mapaayos
[1:18:04] yung
[1:18:04] kanilang
[1:18:04] servisyo
[1:18:05] I mean
[1:18:06] kung
[1:18:07] sasabihin
[1:18:07] na
[1:18:07] maasa
[1:18:08] lang sila
[1:18:09] sa NEA
[1:18:09] I mean
[1:18:10] kusa
[1:18:10] na lang
[1:18:10] kaya
[1:18:11] kasi
[1:18:11] may
[1:18:12] mga
[1:18:12] lugar
[1:18:12] may
[1:18:12] mga
[1:18:13] probinsya
[1:18:13] doon
[1:18:14] po
[1:18:14] sa
[1:18:14] amin
[1:18:15] e
[1:18:15] parang
[1:18:15] lagi
[1:18:16] po
[1:18:16] brown
[1:18:16] out
[1:18:17] kaya
[1:18:17] mahirap
[1:18:17] po
[1:18:18] mag
[1:18:18] invest
[1:18:18] yung
[1:18:19] mga
[1:18:19] investors
[1:18:20] napakaganda
[1:18:20] pa
[1:18:21] naman
[1:18:21] po
[1:18:21] na
[1:18:21] lalawigan
[1:18:22] namin
[1:18:22] e
[1:18:23] nahihirapan
[1:18:23] po
[1:18:24] mag
[1:18:24] invest
[1:18:24] dahil
[1:18:25] puro
[1:18:26] may
[1:18:26] power
[1:18:26] outages
[1:18:27] at
[1:18:28] kaya
[1:18:28] nga
[1:18:28] I was
[1:18:29] asking
[1:18:29] you
[1:18:29] how
[1:18:30] often
[1:18:31] na
[1:18:32] kailangang
[1:18:32] mag
[1:18:33] brown
[1:18:33] out
[1:18:33] yung
[1:18:34] allowable
[1:18:35] na
[1:18:35] mag
[1:18:35] brown
[1:18:36] out
[1:18:36] ang isang
[1:18:36] power
[1:18:37] ang isang
[1:18:38] electric
[1:18:38] cooperative
[1:18:39] how
[1:18:39] often
[1:18:39] meron
[1:18:40] lang
[1:18:41] pong
[1:18:41] allowable
[1:18:42] number
[1:18:42] of
[1:18:42] minutes
[1:18:43] a month
[1:18:43] pag
[1:18:44] umover
[1:18:45] na po
[1:18:45] ang
[1:18:46] brown
[1:18:46] out
[1:18:47] sa
[1:18:47] allowable
[1:18:47] minutes
[1:18:48] which
[1:18:48] I don't
[1:18:49] have
[1:18:49] the exact
[1:18:49] figure
[1:18:50] right
[1:18:50] now
[1:18:50] your
[1:18:51] honor
[1:18:52] yun
[1:18:53] po
[1:18:53] ay
[1:18:53] makakaapekto
[1:18:54] na
[1:18:54] sa
[1:18:54] category
[1:18:55] nila
[1:18:55] kumbaga
[1:18:56] demerit
[1:18:56] na
[1:18:57] po
[1:18:57] yun
[1:18:57] kaya
[1:18:58] lang
[1:18:58] po
[1:18:58] minsan
[1:18:59] po
[1:18:59] talaga
[1:18:59] hindi
[1:19:00] may
[1:19:00] iwasan
[1:19:01] ang
[1:19:02] talagang
[1:19:03] tumutulong
[1:19:04] lang
[1:19:04] po
[1:19:04] sa
[1:19:04] mga
[1:19:05] electric
[1:19:05] cooperatives
[1:19:06] na
[1:19:07] may
[1:19:07] age
[1:19:08] old
[1:19:08] infrastructure
[1:19:09] at
[1:19:09] kailangan
[1:19:10] nang
[1:19:10] rehabilitate
[1:19:12] ay ang
[1:19:12] gobyerno
[1:19:13] po
[1:19:13] ang
[1:19:13] national
[1:19:14] government
[1:19:14] through
[1:19:14] the
[1:19:15] national
[1:19:15] electrification
[1:19:17] administration
[1:19:18] ang
[1:19:18] programa
[1:19:18] po
[1:19:19] niyan
[1:19:19] ay
[1:19:19] tinatawag
[1:19:20] nating
[1:19:21] barangay
[1:19:21] line
[1:19:22] enhancement
[1:19:22] program
[1:19:23] kaya
[1:19:24] nga
[1:19:24] po
[1:19:25] nung
[1:19:26] minsan
[1:19:26] nag-usap
[1:19:27] po
[1:19:27] kami
[1:19:27] ni
[1:19:28] secretary
[1:19:28] Sharon
[1:19:29] sabi
[1:19:30] ko
[1:19:30] seg
[1:19:30] siguro
[1:19:31] unahin
[1:19:32] ko
[1:19:32] muna
[1:19:32] yung
[1:19:33] line
[1:19:33] enhancement
[1:19:34] ng
[1:19:35] mga
[1:19:35] electric
[1:19:36] cooperative
[1:19:36] na
[1:19:37] medyo
[1:19:37] mababa
[1:19:38] ang
[1:19:38] category
[1:19:38] bago
[1:19:39] ko
[1:19:40] bigyan
[1:19:41] ng
[1:19:41] sityo
[1:19:41] electrification
[1:19:42] kasi po
[1:19:43] yung sityo
[1:19:44] electrification
[1:19:45] normally
[1:19:46] yun po
[1:19:46] ang
[1:19:47] magbibigay
[1:19:48] ng line
[1:19:48] extension
[1:19:49] dun sa
[1:19:49] mga
[1:19:50] bagong
[1:19:50] sityo
[1:19:51] na
[1:19:52] napununan
[1:19:53] ng mga
[1:19:54] tao
[1:19:54] pero
[1:19:55] sa
[1:19:56] nangyayari
[1:19:56] po
[1:19:56] talaga
[1:19:57] aminado
[1:19:57] naman
[1:19:58] po
[1:19:58] kami
[1:19:58] na
[1:19:59] ang
[1:19:59] kailangan
[1:20:00] po
[1:20:00] talaga
[1:20:00] ng mga
[1:20:01] electric
[1:20:01] cooperatives
[1:20:02] ay
[1:20:02] may
[1:20:03] ayos
[1:20:03] muna
[1:20:04] ang
[1:20:04] linya
[1:20:04] otherwise
[1:20:05] kapag
[1:20:06] puro
[1:20:06] line
[1:20:06] extension
[1:20:07] po
[1:20:08] para
[1:20:08] sityo
[1:20:08] electrification
[1:20:09] ang
[1:20:09] nangyari
[1:20:10] makakadagdag
[1:20:11] lang
[1:20:11] po
[1:20:12] sa
[1:20:12] systems
[1:20:12] laws
[1:20:13] so
[1:20:13] yun
[1:20:13] po
[1:20:14] ang
[1:20:14] strategy
[1:20:14] namin
[1:20:15] ngayong
[1:20:15] mga
[1:20:16] huling
[1:20:16] since
[1:20:17] last
[1:20:17] year
[1:20:18] ako
[1:20:19] yung
[1:20:19] katanungan
[1:20:20] na
[1:20:20] lamang
[1:20:20] po
[1:20:20] sa
[1:20:20] inyo
[1:20:21] ito
[1:20:22] po
[1:20:22] bang
[1:20:23] wala
[1:20:23] buong
[1:20:23] magagawa
[1:20:24] ang
[1:20:24] gobyerno
[1:20:25] e
[1:20:26] kung
[1:20:26] talagang
[1:20:26] pangit
[1:20:27] na
[1:20:27] ang
[1:20:27] servisyo
[1:20:28] nitong
[1:20:28] electric
[1:20:30] cooperative
[1:20:31] at
[1:20:32] sinusukan
[1:20:32] na
[1:20:33] ng
[1:20:33] taong
[1:20:33] bayan
[1:20:34] wala
[1:20:34] po
[1:20:34] tayong
[1:20:35] magagawa
[1:20:35] I mean
[1:20:35] ito
[1:20:37] po
[1:20:38] taong
[1:20:38] bayan
[1:20:38] at
[1:20:38] their
[1:20:39] mercy
[1:20:39] pa
[1:20:39] rin
[1:20:40] na
[1:20:40] sige
[1:20:41] lang
[1:20:41] kasi
[1:20:41] wala
[1:20:41] namang
[1:20:42] papalit
[1:20:42] at
[1:20:42] hindi
[1:20:42] nang
[1:20:43] papalit
[1:20:43] ang
[1:20:43] problema
[1:20:43] kasi
[1:20:44] napanan
[1:20:45] pag-aralan
[1:20:46] ko po
[1:20:47] ito
[1:20:47] mga
[1:20:47] electric
[1:20:48] cooperative
[1:20:48] pagmamayari
[1:20:49] po
[1:20:49] kasi
[1:20:49] ng
[1:20:49] mga
[1:20:50] politiko
[1:20:50] unfortunately
[1:20:51] huwag
[1:20:52] naman
[1:20:52] sana
[1:20:52] magalit
[1:20:53] sa akin
[1:20:53] but
[1:20:54] that's
[1:20:54] what
[1:20:54] I've
[1:20:54] noticed
[1:20:55] hindi
[1:20:55] magalaw-galaw
[1:20:56] they've
[1:20:57] been there
[1:20:57] since
[1:20:58] time
[1:20:58] memorial
[1:20:59] pero
[1:21:00] dahil
[1:21:00] pag-aari
[1:21:01] ni ganito
[1:21:01] ni
[1:21:02] politiko
[1:21:03] hindi
[1:21:04] magalaw
[1:21:05] hindi
[1:21:05] mapalitan
[1:21:06] yung
[1:21:06] franchise
[1:21:07] sige
[1:21:08] lang
[1:21:08] ng
[1:21:08] sige
[1:21:08] renew
[1:21:09] ng
[1:21:09] renew
[1:21:10] kahit
[1:21:11] napangit
[1:21:11] ang
[1:21:12] servisyo
[1:21:12] yun
[1:21:12] nangakamasakit
[1:21:14] ay nung
[1:21:14] tali po
[1:21:15] ang
[1:21:15] kamay mo
[1:21:15] rito
[1:21:16] unfortunately
[1:21:17] may mga
[1:21:18] franchise
[1:21:18] dadaan din
[1:21:19] po sa
[1:21:20] ikanga
[1:21:20] sa amin
[1:21:21] yung mga
[1:21:21] prangkisa
[1:21:22] nito
[1:21:22] kaya
[1:21:22] no choice
[1:21:23] kayo
[1:21:24] pero
[1:21:24] kung
[1:21:24] kayong
[1:21:25] tatanungin
[1:21:25] siguro
[1:21:26] nararapat
[1:21:27] ng palitan
[1:21:28] ito
[1:21:28] kung talagang
[1:21:29] wala namang
[1:21:29] katurya-turya
[1:21:30] yung kanilang
[1:21:31] servisyo
[1:21:31] di po ba
[1:21:32] Your Honor
[1:21:33] aminigo
[1:21:34] po
[1:21:34] I mean
[1:21:35] half of
[1:21:36] my time
[1:21:36] is
[1:21:37] trying to
[1:21:38] manage
[1:21:39] the
[1:21:39] influence
[1:21:41] of
[1:21:42] let's say
[1:21:42] politikos
[1:21:43] because
[1:21:44] they represent
[1:21:45] their interest
[1:21:46] through the
[1:21:46] board of
[1:21:46] directors
[1:21:47] kaya
[1:21:48] ako naman po
[1:21:49] ay inilalagay ko
[1:21:50] sa lugar
[1:21:51] lahat ng
[1:21:52] mga abusadong
[1:21:53] director
[1:21:54] kapag
[1:21:54] nagkaroon
[1:21:55] ako ng
[1:21:55] pagkakataon
[1:21:56] na
[1:21:57] failan talaga
[1:21:57] sila
[1:21:58] ng kaso
[1:21:59] ay
[1:21:59] tinutuloyan
[1:22:00] ko sila
[1:22:01] as
[1:22:01] as
[1:22:01] with
[1:22:01] regards
[1:22:02] to
[1:22:02] the
[1:22:03] idea
[1:22:05] of
[1:22:05] a
[1:22:06] private
[1:22:06] participation
[1:22:07] we
[1:22:08] have
[1:22:08] been
[1:22:08] Naya
[1:22:11] has
[1:22:11] been
[1:22:11] open
[1:22:12] to
[1:22:12] that
[1:22:12] and
[1:22:13] I
[1:22:13] have
[1:22:13] explained
[1:22:13] and
[1:22:14] did
[1:22:14] some
[1:22:15] dialogues
[1:22:15] already
[1:22:16] to
[1:22:16] the
[1:22:16] ailing
[1:22:17] cooperatives
[1:22:17] and
[1:22:18] some
[1:22:19] problematic
[1:22:20] cooperatives
[1:22:21] that we
[1:22:22] might need
[1:22:23] we might
[1:22:23] need
[1:22:24] the help
[1:22:25] of the
[1:22:25] private
[1:22:26] sector
[1:22:26] as long
[1:22:27] as
[1:22:27] Naya
[1:22:28] would
[1:22:28] stand
[1:22:29] on guard
[1:22:29] to
[1:22:30] preserve
[1:22:31] the
[1:22:31] interest
[1:22:31] of
[1:22:32] the
[1:22:33] greater
[1:22:34] many
[1:22:34] or the
[1:22:34] member
[1:22:35] consumer
[1:22:35] owners
[1:22:36] sir
[1:22:36] Administrator
[1:22:39] Almeda
[1:22:40] Bibigyan
[1:22:42] po
[1:22:42] sana
[1:22:42] kita
[1:22:42] ng listahan
[1:22:43] itong
[1:22:43] mahilig
[1:22:44] sa
[1:22:45] brownout
[1:22:45] mga
[1:22:46] cum laude
[1:22:48] at suma
[1:22:49] cum laude
[1:22:50] ng
[1:22:50] brownout
[1:22:51] pero
[1:22:52] ako na
[1:22:52] lang
[1:22:52] tatanungin
[1:22:53] ko sila
[1:22:53] mamaya
[1:22:54] i-heads
[1:22:55] up
[1:22:55] sana
[1:22:56] kita
[1:22:56] kadula
[1:22:56] nito
[1:22:56] Oriental
[1:22:57] Mindor
[1:22:57] Electric
[1:22:58] Cooperative
[1:22:58] Ano
[1:22:59] na
[1:22:59] nangyari
[1:22:59] sa
[1:22:59] kanila
[1:23:00] Oremco
[1:23:00] Ormeco
[1:23:01] Umayos
[1:23:02] na
[1:23:02] ba
[1:23:02] ang
[1:23:02] Takbo
[1:23:03] Paleco
[1:23:03] Palawan
[1:23:04] Electric
[1:23:04] Cooperative
[1:23:05] Peninsula
[1:23:06] Electric
[1:23:07] Cooperative
[1:23:07] Sabataan
[1:23:08] po
[1:23:08] yata
[1:23:08] ito
[1:23:08] if I'm
[1:23:09] not
[1:23:09] mistaken
[1:23:09] Administrator
[1:23:11] Almeda
[1:23:12] Dama
[1:23:12] po yan
[1:23:13] Dung po
[1:23:15] sa isang
[1:23:15] probinsya
[1:23:15] pa namin
[1:23:16] sa
[1:23:16] Daba
[1:23:16] Oriental
[1:23:17] Electric
[1:23:17] Cooperative
[1:23:18] Doreco
[1:23:19] sinusukan
[1:23:20] na rin
[1:23:20] ng mga
[1:23:20] kababayan
[1:23:21] ho namin
[1:23:21] but
[1:23:21] anyway
[1:23:22] I'll
[1:23:22] just
[1:23:23] ask
[1:23:23] them
[1:23:23] personally
[1:23:24] Comsec
[1:23:24] sino
[1:23:25] po
[1:23:25] ang
[1:23:25] susunod
[1:23:25] na
[1:23:25] magpipresent
[1:23:26] Good
[1:23:28] morning
[1:23:36] Mrs.
[1:23:37] Chair
[1:23:37] and
[1:23:38] SP
[1:23:39] Gatsalian
[1:23:39] So
[1:23:41] on
[1:23:41] behalf
[1:23:41] of the
[1:23:42] Department
[1:23:42] of Social
[1:23:43] Welfare
[1:23:43] we would
[1:23:44] like to
[1:23:44] express
[1:23:44] our
[1:23:45] strong
[1:23:45] support
[1:23:46] for the
[1:23:47] proposed
[1:23:47] amendments
[1:23:48] to the
[1:23:48] Electric
[1:23:49] Power
[1:23:49] Industry
[1:23:49] Reform
[1:23:50] Act
[1:23:50] particularly
[1:23:51] the
[1:23:52] legislative
[1:23:52] measure
[1:23:53] aimed
[1:23:53] at
[1:23:54] enhancing
[1:23:55] the
[1:23:55] lifeline
[1:23:55] rate
[1:23:56] subsidy
[1:23:56] Specifically
[1:23:57] we
[1:23:58] support
[1:23:58] a
[1:23:59] 100%
[1:24:00] subsidy
[1:24:01] on
[1:24:01] electricity
[1:24:02] for
[1:24:02] households
[1:24:03] consuming
[1:24:04] up to
[1:24:05] 135
[1:24:05] kilowatt
[1:24:06] hours
[1:24:06] This
[1:24:08] This
[1:24:08] will
[1:24:08] provide
[1:24:08] relief
[1:24:09] to
[1:24:10] low
[1:24:10] income
[1:24:10] families
[1:24:11] who
[1:24:11] are
[1:24:11] heavily
[1:24:11] burdened
[1:24:12] by
[1:24:13] high
[1:24:13] energy
[1:24:13] costs
[1:24:14] By
[1:24:15] subsidizing
[1:24:16] this
[1:24:16] essential
[1:24:16] utility
[1:24:17] we can
[1:24:17] increase
[1:24:18] the
[1:24:19] disposable
[1:24:19] income
[1:24:20] of these
[1:24:20] households
[1:24:20] which will
[1:24:21] directly
[1:24:22] contribute
[1:24:22] to their
[1:24:23] food security
[1:24:24] and overall
[1:24:24] well-being
[1:24:25] A
[1:24:26] major
[1:24:27] problem
[1:24:27] in the
[1:24:28] electricity
[1:24:28] sector
[1:24:29] is ensuring
[1:24:29] that
[1:24:30] subsidies
[1:24:31] and
[1:24:31] social
[1:24:31] protection
[1:24:32] programs
[1:24:32] like
[1:24:33] the
[1:24:33] lifeline
[1:24:34] rate
[1:24:34] effectively
[1:24:35] and
[1:24:36] efficiently
[1:24:36] reach
[1:24:36] their
[1:24:37] intended
[1:24:38] beneficiaries
[1:24:39] The
[1:24:40] current
[1:24:40] system
[1:24:40] can be
[1:24:41] cumbersome
[1:24:42] for
[1:24:42] most
[1:24:42] vulnerable
[1:24:43] To
[1:24:44] address
[1:24:45] this
[1:24:45] we
[1:24:45] propose
[1:24:46] the
[1:24:46] following
[1:24:46] solutions
[1:24:47] Mr.
[1:24:47] Chair
[1:24:48] One
[1:24:49] Utilize
[1:24:50] the
[1:24:50] community
[1:24:50] based
[1:24:51] monitoring
[1:24:51] system
[1:24:52] or
[1:24:52] CBMS
[1:24:53] The
[1:24:54] DSWD
[1:24:54] is
[1:24:55] transitioning
[1:24:55] to the
[1:24:55] CBMS
[1:24:56] which
[1:24:56] provides
[1:24:57] more
[1:24:58] accurate
[1:24:58] and
[1:24:59] up-to-date
[1:25:00] data
[1:25:00] for
[1:25:00] identifying
[1:25:01] eligible
[1:25:02] low-income
[1:25:03] households
[1:25:04] We
[1:25:05] recommend
[1:25:05] integrating
[1:25:06] this
[1:25:06] system
[1:25:07] for
[1:25:07] better
[1:25:07] targeting
[1:25:08] of the
[1:25:08] lifeline
[1:25:09] subsidy
[1:25:10] Two
[1:25:11] Implement
[1:25:12] automatic
[1:25:12] enrollment
[1:25:13] To
[1:25:14] ensure
[1:25:14] equitable
[1:25:15] access
[1:25:15] and
[1:25:15] remove
[1:25:16] barriers
[1:25:16] for
[1:25:17] beneficiaries
[1:25:17] We
[1:25:18] propose
[1:25:19] an
[1:25:19] automatic
[1:25:19] enrollment
[1:25:20] procedure
[1:25:20] for
[1:25:21] households
[1:25:21] identified
[1:25:22] as
[1:25:23] eligible
[1:25:23] through
[1:25:24] CBMS
[1:25:24] Three
[1:25:25] Secure
[1:25:27] Dedicated
[1:25:27] Funding
[1:25:28] We
[1:25:29] urge
[1:25:29] the
[1:25:29] committee
[1:25:29] to
[1:25:30] support
[1:25:30] the
[1:25:30] inclusion
[1:25:31] of
[1:25:31] clear
[1:25:31] funding
[1:25:32] provisions
[1:25:32] in the
[1:25:33] General
[1:25:34] Appropriations
[1:25:35] Act
[1:25:35] to guarantee
[1:25:36] the financial
[1:25:37] resources
[1:25:37] needed
[1:25:38] for the
[1:25:39] subsidy
[1:25:39] program
[1:25:40] The
[1:25:41] department
[1:25:41] stands
[1:25:42] ready
[1:25:42] to provide
[1:25:43] technical
[1:25:43] assistance
[1:25:43] to the
[1:25:44] committee
[1:25:44] and to
[1:25:45] work
[1:25:45] closely
[1:25:45] with
[1:25:46] the
[1:25:46] Department
[1:25:47] of
[1:25:47] Energy
[1:25:47] the
[1:25:48] Energy
[1:25:49] Regulatory
[1:25:49] Commission
[1:25:50] the
[1:25:51] National
[1:25:51] Erectification
[1:25:52] Administration
[1:25:53] and the
[1:25:54] distribution
[1:25:54] utilities
[1:25:55] in crafting
[1:25:56] the
[1:25:56] necessary
[1:25:57] implementing
[1:25:58] rules
[1:25:59] and
[1:25:59] regulations
[1:26:00] to
[1:26:00] ensure
[1:26:01] that
[1:26:01] subsidy
[1:26:02] effectively
[1:26:03] and
[1:26:03] securely
[1:26:03] reaches
[1:26:04] its
[1:26:05] intended
[1:26:06] beneficiaries
[1:26:06] Lastly,
[1:26:08] the
[1:26:08] DSWD
[1:26:08] respectfully
[1:26:10] refers
[1:26:10] to other
[1:26:11] government
[1:26:11] agencies
[1:26:12] such as
[1:26:13] the DOE
[1:26:14] and ERC
[1:26:15] for their
[1:26:16] expert opinions
[1:26:17] on the
[1:26:17] technical
[1:26:17] and financial
[1:26:18] aspects
[1:26:19] of the
[1:26:19] proposed
[1:26:20] amendment
[1:26:20] to the
[1:26:21] Electric
[1:26:21] Power
[1:26:22] Industry
[1:26:22] Reform
[1:26:23] Act
[1:26:23] of 2001
[1:26:24] This is
[1:26:25] for the
[1:26:25] consideration
[1:26:25] of the
[1:26:26] chairperson
[1:26:26] Thank you
[1:26:27] and good
[1:26:27] morning
[1:26:27] Thank you
[1:26:30] DSWD
[1:26:31] Department
[1:26:33] of Finance
[1:26:34] Honorable
[1:26:39] Chair
[1:26:39] and
[1:26:39] President
[1:26:41] Fellow
[1:26:42] Resource
[1:26:42] Persons
[1:26:43] Good
[1:26:43] morning
[1:26:43] The
[1:26:44] Department
[1:26:44] of
[1:26:45] Finance
[1:26:45] thanks
[1:26:45] the
[1:26:46] Committee
[1:26:46] on Energy
[1:26:46] for the
[1:26:47] opportunity
[1:26:47] to provide
[1:26:48] comments
[1:26:48] on the
[1:26:49] bills
[1:26:49] under
[1:26:51] consideration
[1:26:51] today
[1:26:52] We
[1:26:52] also
[1:26:52] want to
[1:26:53] convey
[1:26:54] our
[1:26:54] sincere
[1:26:54] apology
[1:26:55] Mr.
[1:26:55] Chair
[1:26:55] for not
[1:26:56] being
[1:26:56] able
[1:26:56] to
[1:26:57] attend
[1:26:57] our
[1:26:57] previous
[1:26:57] July
[1:26:58] 2
[1:26:58] hearing
[1:26:59] conducted
[1:26:59] by
[1:27:00] this
[1:27:00] committee
[1:27:00] Please
[1:27:01] accept
[1:27:01] the
[1:27:02] assurances
[1:27:02] of the
[1:27:03] department
[1:27:03] that we
[1:27:03] intend
[1:27:04] to
[1:27:04] actively
[1:27:04] participate
[1:27:05] in
[1:27:05] the
[1:27:05] succeeding
[1:27:06] opportunities
[1:27:06] to
[1:27:06] serve
[1:27:07] this
[1:27:07] committee
[1:27:08] As
[1:27:09] regards
[1:27:09] the
[1:27:10] proposals
[1:27:10] on the
[1:27:11] agenda
[1:27:12] today
[1:27:12] we
[1:27:13] previously
[1:27:13] submitted
[1:27:14] our
[1:27:14] position
[1:27:14] paper
[1:27:15] on
[1:27:15] some
[1:27:16] of
[1:27:16] the
[1:27:16] bills
[1:27:16] and
[1:27:17] we
[1:27:17] intend
[1:27:18] to
[1:27:18] submit
[1:27:18] updated
[1:27:19] or
[1:27:19] supplemental
[1:27:19] official
[1:27:20] comments
[1:27:21] on the
[1:27:21] other
[1:27:22] measures
[1:27:23] in the
[1:27:23] other
[1:27:23] bills
[1:27:24] however
[1:27:24] we're
[1:27:24] still
[1:27:25] consolidating
[1:27:25] them
[1:27:26] but
[1:27:26] we'll
[1:27:26] submit
[1:27:27] in
[1:27:27] due
[1:27:27] time
[1:27:27] for
[1:27:28] now
[1:27:28] Mr.
[1:27:30] Chair
[1:27:30] to
[1:27:31] briefly
[1:27:31] manifest
[1:27:32] our
[1:27:32] preliminary
[1:27:33] comments
[1:27:34] without
[1:27:35] prejudice
[1:27:36] to the
[1:27:36] submission
[1:27:37] of our
[1:27:37] additional
[1:27:38] position
[1:27:38] papers
[1:27:39] at the
[1:27:40] outset
[1:27:40] the
[1:27:41] department
[1:27:41] recognized
[1:27:42] the
[1:27:42] support
[1:27:43] of the
[1:27:44] committee's
[1:27:45] aim
[1:27:45] to
[1:27:45] ensure
[1:27:45] that
[1:27:46] electricity
[1:27:46] in
[1:27:46] the
[1:27:47] Philippines
[1:27:47] is
[1:27:47] reliable
[1:27:48] accessible
[1:27:48] and
[1:27:49] equitably
[1:27:49] affordable
[1:27:50] so
[1:27:51] to
[1:27:51] help
[1:27:51] ensure
[1:27:51] that
[1:27:52] the
[1:27:52] proposed
[1:27:52] measures
[1:27:53] align
[1:27:53] with
[1:27:53] this
[1:27:54] perspective
[1:27:54] we put
[1:27:54] forward
[1:27:55] the
[1:27:55] following
[1:27:55] comments
[1:27:56] first
[1:27:57] on
[1:27:57] strengthening
[1:27:58] the
[1:27:58] ERC
[1:27:58] governance
[1:27:59] we
[1:28:00] support
[1:28:01] maintaining
[1:28:01] the
[1:28:02] current
[1:28:02] cabinet
[1:28:02] secretary
[1:28:03] and
[1:28:03] under
[1:28:04] secretary
[1:28:04] equivalent
[1:28:05] ranks
[1:28:05] for the
[1:28:06] ERC
[1:28:06] chairperson
[1:28:07] and
[1:28:07] commissioners
[1:28:08] though we
[1:28:09] recommend
[1:28:09] clarifying
[1:28:10] its link
[1:28:10] to the
[1:28:11] Supreme
[1:28:12] Court
[1:28:12] compensation
[1:28:13] to prevent
[1:28:14] legal
[1:28:14] conflicts
[1:28:15] with
[1:28:15] the
[1:28:15] RA
[1:28:16] 6758
[1:28:16] or the
[1:28:17] salary
[1:28:18] standardization
[1:28:18] law
[1:28:19] to
[1:28:20] guarantee
[1:28:21] multidisciplinary
[1:28:22] oversight
[1:28:22] we
[1:28:23] propose
[1:28:23] fixing
[1:28:24] the
[1:28:24] four
[1:28:24] regular
[1:28:25] commission
[1:28:25] seats
[1:28:25] so
[1:28:26] they
[1:28:26] are
[1:28:26] distinctly
[1:28:27] represented
[1:28:27] by the
[1:28:28] legal
[1:28:29] accounting
[1:28:29] and
[1:28:30] engineering
[1:28:30] professions
[1:28:31] on
[1:28:32] term
[1:28:32] extensions
[1:28:33] and
[1:28:33] expansion
[1:28:34] we
[1:28:34] recommend
[1:28:35] a
[1:28:35] clear
[1:28:35] staggering
[1:28:36] schedule
[1:28:36] to
[1:28:37] protect
[1:28:37] institutional
[1:28:37] memory
[1:28:38] while
[1:28:39] carefully
[1:28:39] reviewing
[1:28:40] the
[1:28:40] proposed
[1:28:40] expansion
[1:28:41] in light
[1:28:41] of the
[1:28:42] government
[1:28:42] optimization
[1:28:43] act
[1:28:43] lastly
[1:28:45] we
[1:28:45] find
[1:28:45] that
[1:28:46] designating
[1:28:47] the
[1:28:47] executive
[1:28:47] director
[1:28:48] as
[1:28:48] CEO
[1:28:49] creates
[1:28:49] structural
[1:28:50] confusion
[1:28:51] and risks
[1:28:51] diluting
[1:28:52] the
[1:28:52] statutory
[1:28:53] authority
[1:28:53] of the
[1:28:54] chair
[1:28:55] of the
[1:28:55] commission
[1:28:55] second
[1:28:56] on
[1:28:57] safeguarding
[1:28:57] the
[1:28:57] fiscal
[1:28:58] discipline
[1:28:58] we
[1:28:58] do
[1:29:00] not
[1:29:00] support
[1:29:01] the
[1:29:01] proposal
[1:29:02] allowing
[1:29:02] the
[1:29:02] ERC
[1:29:03] to
[1:29:03] retain
[1:29:03] its
[1:29:04] income
[1:29:04] under
[1:29:05] one
[1:29:05] of the
[1:29:06] senate
[1:29:06] bills
[1:29:06] I
[1:29:06] think
[1:29:07] 367
[1:29:08] for
[1:29:08] being
[1:29:09] inconsistent
[1:29:09] with
[1:29:10] the
[1:29:10] one
[1:29:10] fund
[1:29:11] policy
[1:29:11] such
[1:29:12] retention
[1:29:13] would
[1:29:13] also
[1:29:13] result
[1:29:14] in
[1:29:14] loss
[1:29:14] of
[1:29:15] non
[1:29:15] tax
[1:29:15] revenue
[1:29:16] initially
[1:29:17] estimated
[1:29:17] at
[1:29:17] about
[1:29:18] 393.8
[1:29:20] million
[1:29:20] annually
[1:29:21] we
[1:29:22] also
[1:29:22] advise
[1:29:23] against
[1:29:23] the
[1:29:23] earmarking
[1:29:24] a
[1:29:25] rigid
[1:29:25] 15%
[1:29:26] budget
[1:29:26] purely
[1:29:27] for
[1:29:28] training
[1:29:28] as it
[1:29:29] would
[1:29:29] restrict
[1:29:30] operational
[1:29:30] flexibility
[1:29:31] on
[1:29:33] the
[1:29:33] proposed
[1:29:33] emergency
[1:29:34] powers
[1:29:34] we
[1:29:35] submit
[1:29:35] that
[1:29:36] emergency
[1:29:36] price
[1:29:37] mitigation
[1:29:37] powers
[1:29:38] must
[1:29:38] automatically
[1:29:39] terminate
[1:29:39] once
[1:29:40] a
[1:29:40] declared
[1:29:40] state
[1:29:41] of
[1:29:41] calamity
[1:29:41] ends
[1:29:42] furthermore
[1:29:43] enforcement
[1:29:44] provisions
[1:29:44] should
[1:29:44] strictly
[1:29:45] align
[1:29:45] with
[1:29:46] the
[1:29:46] Philippine
[1:29:46] competition
[1:29:47] law
[1:29:47] to
[1:29:48] prevent
[1:29:48] jurisdictional
[1:29:49] confusion
[1:29:49] between
[1:29:49] the
[1:29:50] DOJ
[1:29:50] OSG
[1:29:51] and
[1:29:51] the
[1:29:51] PCC
[1:29:52] lastly
[1:29:54] Mr.
[1:29:54] Chair
[1:29:54] on
[1:29:55] the
[1:29:55] lifeline
[1:29:55] rate
[1:29:55] we
[1:29:57] recognize
[1:29:57] that
[1:29:57] the
[1:29:57] proposal
[1:29:58] to
[1:29:58] increase
[1:29:58] or
[1:29:59] expand
[1:29:59] the
[1:29:59] lifeline
[1:30:00] rate
[1:30:00] intends
[1:30:00] to
[1:30:01] provide
[1:30:01] meaningful
[1:30:02] relief
[1:30:02] to
[1:30:02] our
[1:30:02] citizens
[1:30:03] however
[1:30:04] we
[1:30:04] must
[1:30:04] also
[1:30:05] acknowledge
[1:30:05] that
[1:30:05] such
[1:30:06] expansion
[1:30:06] may
[1:30:07] exert
[1:30:07] a
[1:30:08] significant
[1:30:08] pressure
[1:30:09] on
[1:30:09] the
[1:30:09] national
[1:30:09] budget
[1:30:10] which
[1:30:10] necessitates
[1:30:11] a
[1:30:11] careful
[1:30:12] review
[1:30:12] of
[1:30:13] our
[1:30:13] fiscal
[1:30:13] space
[1:30:14] while
[1:30:15] we
[1:30:15] generally
[1:30:15] defer
[1:30:16] to
[1:30:16] the
[1:30:16] Department
[1:30:17] of
[1:30:17] Budget
[1:30:17] and
[1:30:18] Management's
[1:30:18] mandate
[1:30:19] and
[1:30:19] authority
[1:30:19] as to
[1:30:20] budgetary
[1:30:20] implications
[1:30:21] we
[1:30:22] respectfully
[1:30:22] recommend
[1:30:23] that
[1:30:24] the
[1:30:25] agency
[1:30:25] proponents
[1:30:26] do
[1:30:26] a
[1:30:26] rigorous
[1:30:27] cost
[1:30:28] benefit
[1:30:28] analysis
[1:30:29] before
[1:30:29] committing
[1:30:30] government
[1:30:30] funding
[1:30:31] there
[1:30:32] needs
[1:30:32] to
[1:30:32] be
[1:30:33] a
[1:30:33] comprehensive
[1:30:33] study
[1:30:34] that
[1:30:34] calculates
[1:30:35] the
[1:30:35] amount
[1:30:35] required
[1:30:36] to
[1:30:36] subsidize
[1:30:37] the
[1:30:37] expanded
[1:30:37] consumer
[1:30:38] brackets
[1:30:38] and
[1:30:40] verifies
[1:30:41] the
[1:30:41] expected
[1:30:42] actual
[1:30:42] reduction
[1:30:43] in the
[1:30:43] monthly
[1:30:43] electricity
[1:30:44] bill
[1:30:44] on the
[1:30:45] targeted
[1:30:45] consumers
[1:30:46] among
[1:30:46] others
[1:30:47] ascertaining
[1:30:48] the
[1:30:48] broader
[1:30:48] economic
[1:30:49] impact
[1:30:49] of this
[1:30:50] proposed
[1:30:50] government
[1:30:50] spending
[1:30:51] on
[1:30:51] poverty
[1:30:51] reduction
[1:30:52] and
[1:30:52] local
[1:30:53] consumption
[1:30:53] is
[1:30:53] in
[1:30:54] line
[1:30:54] with
[1:30:54] fiscal
[1:30:54] prudence
[1:30:55] and
[1:30:55] discipline
[1:30:56] that
[1:30:58] would be
[1:30:58] all for
[1:30:58] now
[1:30:58] Mr.
[1:30:59] Chair
[1:30:59] thank you
[1:30:59] Mr.
[1:31:03] Chairman
[1:31:03] I think
[1:31:04] the biggest
[1:31:05] in so far
[1:31:06] as the
[1:31:07] lifeline rate
[1:31:08] is concerned
[1:31:09] Mr.
[1:31:09] Chairman
[1:31:09] the biggest
[1:31:10] elephant
[1:31:11] in the
[1:31:12] room
[1:31:12] is
[1:31:12] who
[1:31:12] will
[1:31:13] pay
[1:31:13] to
[1:31:13] I
[1:31:14] have
[1:31:15] a few
[1:31:17] months
[1:31:17] ago
[1:31:18] for the
[1:31:19] record
[1:31:19] I
[1:31:19] have
[1:31:20] no
[1:31:20] author
[1:31:21] of
[1:31:21] lifeline
[1:31:22] rate
[1:31:22] it
[1:31:23] was a
[1:31:23] product
[1:31:23] of
[1:31:24] Ipira
[1:31:24] 30
[1:31:25] plus
[1:31:25] years
[1:31:25] ago
[1:31:26] associate
[1:31:28] lang
[1:31:29] sa
[1:31:29] akin
[1:31:29] dahil
[1:31:29] dati
[1:31:30] akong
[1:31:30] chairman
[1:31:30] ng
[1:31:30] energy
[1:31:31] committee
[1:31:31] and
[1:31:32] but
[1:31:33] the biggest
[1:31:34] elephant
[1:31:35] in the
[1:31:35] room
[1:31:35] is
[1:31:36] who
[1:31:37] will
[1:31:37] pay
[1:31:37] in fact
[1:31:38] in fact
[1:31:38] yung
[1:31:40] bagong
[1:31:41] lifeline
[1:31:42] law
[1:31:43] actually
[1:31:44] reduced
[1:31:45] the
[1:31:46] beneficiaries
[1:31:48] to only
[1:31:49] the
[1:31:49] four
[1:31:49] piece
[1:31:49] and also
[1:31:51] poor
[1:31:52] families
[1:31:52] which
[1:31:53] the
[1:31:54] ERC
[1:31:54] and
[1:31:55] DSWD
[1:31:56] will
[1:31:57] determine
[1:31:57] kaya
[1:31:58] bumaba
[1:31:59] na lang
[1:32:00] yung mga
[1:32:00] beneficiaries
[1:32:02] ng
[1:32:03] lifeline
[1:32:04] rate
[1:32:04] in fact
[1:32:05] correct me
[1:32:07] if I'm
[1:32:07] wrong
[1:32:07] chairman
[1:32:07] Nino
[1:32:08] ang
[1:32:09] tinokolekta
[1:32:09] na lang
[1:32:09] natin
[1:32:10] ngayon
[1:32:10] is 75
[1:32:11] million
[1:32:11] a year
[1:32:11] in terms
[1:32:13] of
[1:32:13] lifeline
[1:32:14] subsidies
[1:32:14] I don't have
[1:32:17] the exact
[1:32:17] figure
[1:32:18] but
[1:32:18] equivalent
[1:32:18] to
[1:32:19] rate
[1:32:19] it's
[1:32:19] just
[1:32:19] 1
[1:32:20] centavo
[1:32:20] when it
[1:32:21] used
[1:32:21] to be
[1:32:22] as high
[1:32:23] as
[1:32:23] 10
[1:32:24] centavos
[1:32:24] but
[1:32:25] if you
[1:32:25] account
[1:32:26] for
[1:32:26] the
[1:32:26] annual
[1:32:27] collection
[1:32:27] of
[1:32:27] lifeline
[1:32:28] ang
[1:32:29] data
[1:32:30] namin
[1:32:30] is
[1:32:30] 75
[1:32:31] million
[1:32:31] pesos
[1:32:32] a year
[1:32:33] kasi
[1:32:33] nga
[1:32:33] binabaan
[1:32:34] to
[1:32:34] 1
[1:32:35] centavo
[1:32:35] at
[1:32:36] 4
[1:32:36] piece
[1:32:36] na
[1:32:36] lang
[1:32:37] so
[1:32:38] my
[1:32:38] thoughts
[1:32:38] Mr.
[1:32:39] Chairman
[1:32:39] kung
[1:32:39] ganito
[1:32:40] lang
[1:32:40] 75
[1:32:40] million
[1:32:41] pesos
[1:32:41] gobyerno
[1:32:42] na
[1:32:42] magbayad
[1:32:43] dahil
[1:32:44] kayang
[1:32:44] kaya
[1:32:44] i-absorb
[1:32:45] yan
[1:32:45] our
[1:32:45] budget
[1:32:46] next
[1:32:46] year
[1:32:46] 7.3
[1:32:48] trillion
[1:32:48] pesos
[1:32:48] so
[1:32:49] 75
[1:32:49] million
[1:32:50] pesos
[1:32:50] is
[1:32:51] not
[1:32:51] that
[1:32:51] much
[1:32:52] plus
[1:32:53] it
[1:32:54] will
[1:32:54] unburden
[1:32:55] the
[1:32:55] middle
[1:32:56] class
[1:32:56] kasi
[1:32:57] yung
[1:32:57] mga
[1:32:57] nagbasa
[1:32:58] akin
[1:32:58] mga
[1:32:58] middle
[1:32:58] class
[1:32:59] na
[1:33:00] kumukuha
[1:33:01] tayo
[1:33:01] sa kanila
[1:33:01] ng
[1:33:02] 1
[1:33:02] centavo
[1:33:02] although
[1:33:03] 1
[1:33:03] centavo
[1:33:03] lang
[1:33:03] yan
[1:33:03] maliit
[1:33:04] lang
[1:33:04] at
[1:33:05] ibinibigay
[1:33:05] natin
[1:33:06] sa
[1:33:06] 4
[1:33:06] piece
[1:33:07] mandated
[1:33:07] by
[1:33:07] government
[1:33:08] so
[1:33:08] philosophically
[1:33:11] kung ganito
[1:33:13] namang
[1:33:13] kalit
[1:33:13] yung
[1:33:14] collection
[1:33:14] and
[1:33:14] we
[1:33:15] want
[1:33:15] to
[1:33:15] help
[1:33:15] the
[1:33:15] poor
[1:33:15] it
[1:33:16] should
[1:33:16] be
[1:33:16] government
[1:33:17] who
[1:33:17] should
[1:33:17] be
[1:33:17] coughing
[1:33:18] out
[1:33:18] the
[1:33:19] 75
[1:33:19] million
[1:33:20] so
[1:33:20] that's
[1:33:23] why
[1:33:23] pakisabit
[1:33:24] na lang
[1:33:25] sa amin
[1:33:25] chairman
[1:33:25] nino
[1:33:25] yung
[1:33:26] exact
[1:33:26] number
[1:33:26] so
[1:33:26] that
[1:33:27] we
[1:33:27] can
[1:33:27] factor
[1:33:28] that
[1:33:28] in
[1:33:28] i
[1:33:29] know
[1:33:29] the
[1:33:29] DOF
[1:33:29] DBM
[1:33:30] might
[1:33:30] not
[1:33:30] agree
[1:33:31] with
[1:33:31] that
[1:33:31] but
[1:33:32] then
[1:33:32] again
[1:33:32] nga
[1:33:32] it's
[1:33:33] us
[1:33:33] government
[1:33:34] who
[1:33:34] want
[1:33:35] to
[1:33:35] help
[1:33:35] the
[1:33:36] poor
[1:33:36] so
[1:33:37] it
[1:33:37] should
[1:33:37] be
[1:33:37] us
[1:33:38] government
[1:33:38] who
[1:33:39] should
[1:33:39] be
[1:33:39] shelling
[1:33:39] it
[1:33:39] out
[1:33:40] obviously
[1:33:41] our
[1:33:42] budget
[1:33:42] will
[1:33:42] come
[1:33:42] from
[1:33:43] the
[1:33:43] taxpayers
[1:33:43] so
[1:33:44] which
[1:33:45] is
[1:33:45] the
[1:33:46] general
[1:33:46] public
[1:33:46] in
[1:33:46] that
[1:33:47] sense
[1:33:47] hindi
[1:33:47] lang
[1:33:47] yung
[1:33:48] consuming
[1:33:48] public
[1:33:49] but
[1:33:49] the
[1:33:49] general
[1:33:49] public
[1:33:50] so
[1:33:51] philosophically
[1:33:52] i think
[1:33:53] it should
[1:33:53] be
[1:33:53] government
[1:33:54] who
[1:33:54] should
[1:33:54] be
[1:33:54] absorbing
[1:33:55] that
[1:33:55] dahil
[1:33:56] tayo
[1:33:57] yung
[1:33:57] mag-mandate
[1:33:58] na magbigay
[1:33:58] ng tulong
[1:33:59] sa
[1:33:59] mahihirap
[1:33:59] yes
[1:34:02] we will
[1:34:02] submit
[1:34:02] data
[1:34:03] on
[1:34:03] the
[1:34:04] lifeline
[1:34:04] program
[1:34:05] implementation
[1:34:06] mr.
[1:34:06] chair
[1:34:06] thank you
[1:34:07] mr.
[1:34:07] chairman
[1:34:07] thank you
[1:34:08] sp
[1:34:09] win
[1:34:09] i think
[1:34:10] tama
[1:34:11] yung
[1:34:12] pinupuntuhon
[1:34:13] ninyo
[1:34:13] we really
[1:34:14] have
[1:34:14] i believe
[1:34:15] on my
[1:34:16] end
[1:34:16] we really
[1:34:17] have to
[1:34:17] study
[1:34:17] this
[1:34:18] i
[1:34:18] i
[1:34:18] would
[1:34:18] agree
[1:34:19] with
[1:34:19] the
[1:34:20] department
[1:34:20] of
[1:34:21] finance
[1:34:21] and
[1:34:21] department
[1:34:22] of
[1:34:22] budget
[1:34:22] and
[1:34:22] management
[1:34:23] kasi
[1:34:23] nga
[1:34:23] po
[1:34:23] ito
[1:34:24] po
[1:34:25] yung
[1:34:25] lifeline
[1:34:26] rate
[1:34:26] na
[1:34:26] ito
[1:34:26] ang
[1:34:27] pumapasan
[1:34:28] na
[1:34:28] naman
[1:34:28] yung
[1:34:28] sa
[1:34:28] middle
[1:34:29] class
[1:34:29] working
[1:34:30] class
[1:34:30] sabi
[1:34:32] nga
[1:34:32] bug
[1:34:32] na
[1:34:33] SP
[1:34:35] working
[1:34:36] class
[1:34:37] doon
[1:34:38] pala
[1:34:38] nga
[1:34:38] pinamimigay
[1:34:40] para sa
[1:34:40] 4Ps
[1:34:41] galing
[1:34:41] sa
[1:34:42] working
[1:34:42] class
[1:34:43] lahat
[1:34:43] na pinamimigay
[1:34:44] po
[1:34:44] sa social
[1:34:47] services
[1:34:47] galing
[1:34:48] din po
[1:34:48] sa
[1:34:49] working
[1:34:49] class
[1:34:50] so
[1:34:50] i
[1:34:51] believe
[1:34:51] we really
[1:34:52] have to
[1:34:52] look
[1:34:52] into
[1:34:53] this
[1:34:53] pero
[1:34:53] sana
[1:34:54] nga
[1:34:54] po
[1:34:54] i
[1:34:55] agree
[1:34:55] with
[1:34:56] you
[1:34:56] naman
[1:34:56] SL
[1:34:59] president
[1:34:59] Kacheliana
[1:35:00] huwag
[1:35:01] nang
[1:35:01] hunin
[1:35:02] sa
[1:35:03] ikang
[1:35:04] dito
[1:35:05] sa mga
[1:35:05] middle
[1:35:05] class
[1:35:05] kundi
[1:35:06] siguro
[1:35:07] bigyan
[1:35:07] na lang
[1:35:07] ng budget
[1:35:08] to
[1:35:08] 75
[1:35:08] million
[1:35:09] I
[1:35:09] totally
[1:35:10] agree
[1:35:10] with
[1:35:10] you
[1:35:10] thank
[1:35:11] you
[1:35:11] thank
[1:35:11] you
[1:35:12] for
[1:35:12] that
[1:35:12] who's
[1:35:14] next
[1:35:14] APM
[1:35:19] magandang
[1:35:20] umaga po
[1:35:21] Mr.
[1:35:21] Chair
[1:35:21] Mr.
[1:35:22] Senate
[1:35:22] President
[1:35:23] at
[1:35:23] sa mga
[1:35:23] kapwa
[1:35:24] po
[1:35:24] kawadin
[1:35:24] ng
[1:35:25] pamahalaan
[1:35:26] bagamat
[1:35:28] po
[1:35:29] kinikilala
[1:35:30] po
[1:35:30] ng
[1:35:30] BBM
[1:35:31] yung
[1:35:31] intention
[1:35:32] po
[1:35:33] ng mga
[1:35:33] bills
[1:35:33] na
[1:35:34] na
[1:35:34] i-present
[1:35:35] po
[1:35:35] sa
[1:35:35] committee
[1:35:35] na
[1:35:35] ito
[1:35:36] to
[1:35:36] strengthen
[1:35:37] the
[1:35:37] ERC
[1:35:37] kaisa
[1:35:39] po
[1:35:39] kami
[1:35:39] ng
[1:35:40] Department
[1:35:40] of
[1:35:40] Finance
[1:35:41] sa
[1:35:41] aming
[1:35:42] komentaryo
[1:35:46] sa
[1:35:46] mga
[1:35:47] provision
[1:35:48] po
[1:35:48] ng
[1:35:48] panukalang
[1:35:49] batas
[1:35:49] single
[1:35:49] sa
[1:35:50] una
[1:35:50] doon
[1:35:51] po
[1:35:51] sa
[1:35:52] paggamit
[1:35:52] po
[1:35:53] ng
[1:35:53] income
[1:35:53] retention
[1:35:55] and
[1:35:55] the use
[1:35:55] of
[1:35:56] income
[1:35:56] at
[1:35:56] yung
[1:35:56] pag
[1:35:57] earmark
[1:35:57] po
[1:35:57] ng
[1:35:58] certain
[1:35:58] percentage
[1:35:58] po
[1:35:59] so
[1:35:59] we
[1:36:00] invoke
[1:36:00] the
[1:36:01] one
[1:36:03] fund
[1:36:03] policy
[1:36:04] ng
[1:36:04] ating
[1:36:04] pamahalaan
[1:36:05] para
[1:36:05] matiyak
[1:36:06] po
[1:36:06] na
[1:36:07] mas
[1:36:08] mamamanage
[1:36:09] at
[1:36:09] mas
[1:36:09] magagamit
[1:36:10] po
[1:36:10] ng
[1:36:10] mas
[1:36:10] maayos
[1:36:11] po
[1:36:11] yung
[1:36:11] ating
[1:36:11] kaukulang
[1:36:15] pananalapi
[1:36:17] so
[1:36:18] meron
[1:36:19] provision
[1:36:20] po
[1:36:20] sa
[1:36:20] isang
[1:36:20] panukalang
[1:36:21] batas
[1:36:21] o
[1:36:22] dalawa
[1:36:22] po
[1:36:22] sa
[1:36:23] SB
[1:36:23] 1950
[1:36:24] 6540
[1:36:25] HB
[1:36:26] 6540
[1:36:26] para
[1:36:27] naman
[1:36:27] po
[1:36:27] sa
[1:36:28] creation
[1:36:28] ng
[1:36:28] trust
[1:36:29] funds
[1:36:29] so
[1:36:29] ganun
[1:36:30] din
[1:36:30] po
[1:36:30] we
[1:36:31] manifest
[1:36:32] po
[1:36:32] our
[1:36:33] reservation
[1:36:33] consistent
[1:36:34] po
[1:36:34] with
[1:36:34] the
[1:36:35] policy
[1:36:35] stance
[1:36:36] of
[1:36:36] the
[1:36:36] economic
[1:36:36] managers
[1:36:37] that
[1:36:38] we
[1:36:38] discourage
[1:36:39] earmarking
[1:36:39] of
[1:36:40] creation
[1:36:41] of
[1:36:41] special
[1:36:42] funds
[1:36:43] on
[1:36:47] the
[1:36:48] proposal
[1:36:49] po
[1:36:49] ng
[1:36:50] ilang
[1:36:51] bills
[1:36:51] po
[1:36:51] para
[1:36:51] to
[1:36:52] for
[1:36:53] the
[1:36:53] chairperson
[1:36:54] and the
[1:36:54] commission
[1:36:54] members
[1:36:55] of the
[1:36:55] ERC
[1:36:55] to have
[1:36:56] a
[1:36:56] wrong
[1:36:56] equivalent
[1:36:57] to
[1:36:57] secretary
[1:36:58] and
[1:36:58] undersecretary
[1:36:59] wala
[1:37:00] po
[1:37:00] kaming
[1:37:00] issue
[1:37:00] rito
[1:37:01] we
[1:37:01] interpose
[1:37:01] the
[1:37:01] objection
[1:37:02] however
[1:37:02] katulad
[1:37:03] din po
[1:37:03] ng
[1:37:04] concern
[1:37:05] po
[1:37:05] ng
[1:37:05] DOF
[1:37:05] gusto
[1:37:07] namin
[1:37:07] pong
[1:37:07] matiyak
[1:37:08] na
[1:37:08] hindi
[1:37:08] po
[1:37:08] magkakaroon
[1:37:09] ng
[1:37:09] problema
[1:37:10] doon
[1:37:10] sa
[1:37:10] kasalukuyang
[1:37:11] setup
[1:37:12] po
[1:37:12] na
[1:37:12] kung
[1:37:12] saan
[1:37:12] po
[1:37:13] yung
[1:37:13] ERC
[1:37:13] chair
[1:37:14] at
[1:37:14] commissioners
[1:37:16] po
[1:37:16] ang
[1:37:16] kanila
[1:37:17] salaries
[1:37:17] at
[1:37:18] benefits
[1:37:18] at
[1:37:18] other
[1:37:19] emulments
[1:37:19] ay
[1:37:20] equivalent
[1:37:20] po
[1:37:20] doon
[1:37:21] sa
[1:37:21] supreme
[1:37:22] court
[1:37:22] so
[1:37:23] baka
[1:37:23] po
[1:37:23] kailangan
[1:37:23] pong
[1:37:24] pag-aralan
[1:37:24] ito
[1:37:25] kasi
[1:37:25] ang
[1:37:26] aming
[1:37:26] pananaw
[1:37:27] po
[1:37:27] kung
[1:37:28] gagawin
[1:37:29] po
[1:37:29] silang
[1:37:29] secretary
[1:37:29] undersecretary
[1:37:30] for
[1:37:31] consistency
[1:37:32] dapat
[1:37:32] po
[1:37:32] ang
[1:37:33] kanilang
[1:37:33] sweldo
[1:37:33] ay
[1:37:34] equivalent
[1:37:34] din
[1:37:34] po
[1:37:34] nun
[1:37:35] sa
[1:37:36] panukala
[1:37:37] po
[1:37:37] ng
[1:37:37] ilang
[1:37:37] Senate
[1:37:39] bills
[1:37:40] po
[1:37:40] at
[1:37:41] house
[1:37:41] bill
[1:37:42] para
[1:37:42] po
[1:37:42] sa
[1:37:43] additional
[1:37:44] division
[1:37:44] sa
[1:37:45] ERC
[1:37:46] while
[1:37:46] we
[1:37:47] recognize
[1:37:47] po
[1:37:48] yung
[1:37:48] na may
[1:37:49] mga
[1:37:49] pangangailangan
[1:37:50] po
[1:37:50] siguro
[1:37:50] para
[1:37:51] ma-strengthen
[1:37:52] po
[1:37:52] ito
[1:37:52] depende
[1:37:52] po
[1:37:53] sa
[1:37:53] magiging
[1:37:53] additional
[1:37:56] po
[1:37:56] na
[1:37:56] kanilang
[1:37:56] functions
[1:37:57] or
[1:37:57] mandate
[1:37:58] maliban
[1:37:59] po
[1:38:00] sa
[1:38:00] pag
[1:38:02] susumiti
[1:38:02] po
[1:38:03] ng
[1:38:03] ERC
[1:38:04] po
[1:38:04] nung
[1:38:04] kanilang
[1:38:05] proposal
[1:38:05] sa
[1:38:05] DBM
[1:38:06] para
[1:38:06] mapag-aralan
[1:38:07] pwede
[1:38:07] pong
[1:38:08] i-consider
[1:38:08] din
[1:38:08] po
[1:38:08] yung
[1:38:09] government
[1:38:09] optimization
[1:38:10] program
[1:38:10] meron
[1:38:14] lamang
[1:38:15] po
[1:38:15] kaming
[1:38:15] may
[1:38:16] nakita
[1:38:16] po
[1:38:17] kung
[1:38:17] isang
[1:38:17] bill
[1:38:17] po
[1:38:17] na
[1:38:18] kung
[1:38:18] saan
[1:38:18] po
[1:38:18] minamundate
[1:38:19] po
[1:38:19] yung
[1:38:19] DBM
[1:38:19] po
[1:38:20] na
[1:38:20] sa
[1:38:21] loob
[1:38:21] ng
[1:38:21] isang
[1:38:21] buwan
[1:38:22] ay
[1:38:22] actionan
[1:38:22] po
[1:38:23] yung
[1:38:23] proposal
[1:38:24] po
[1:38:24] ng
[1:38:25] ERC
[1:38:26] para
[1:38:26] sa
[1:38:26] organization
[1:38:27] and
[1:38:29] compensation
[1:38:29] so
[1:38:30] meron
[1:38:30] lang
[1:38:30] po
[1:38:30] kaming
[1:38:31] reservation
[1:38:32] doon
[1:38:32] kasi
[1:38:33] masyadong
[1:38:33] matatali
[1:38:34] po
[1:38:34] yung
[1:38:35] kagawaran
[1:38:35] kung
[1:38:35] bibigyan
[1:38:36] lamang
[1:38:36] po
[1:38:36] ng
[1:38:36] particular
[1:38:37] na
[1:38:37] period
[1:38:39] na
[1:38:39] isang
[1:38:39] buwan
[1:38:39] para
[1:38:40] po
[1:38:40] bigyan
[1:38:42] po
[1:38:42] ng
[1:38:43] katugunan
[1:38:43] yung
[1:38:43] kanila
[1:38:44] pong
[1:38:44] proposal
[1:38:44] kasi
[1:38:45] siyempre
[1:38:47] po
[1:38:47] kailangan
[1:38:48] po
[1:38:48] namin
[1:38:48] mas
[1:38:48] malaloy
[1:38:49] ng
[1:38:49] pag-aralan
[1:38:50] anuman
[1:38:50] po
[1:38:50] na
[1:38:51] mga
[1:38:51] pagbabago
[1:38:52] sa
[1:38:52] struktura
[1:38:53] at
[1:38:54] compensation
[1:38:54] kailangan
[1:38:55] po
[1:38:56] ng
[1:38:56] masusing
[1:38:57] pag-aaral
[1:38:58] kasi
[1:38:58] para
[1:38:58] patiyak
[1:38:58] po
[1:38:59] natin
[1:38:59] na
[1:38:59] hindi
[1:38:59] po
[1:38:59] masasayang
[1:39:00] yung
[1:39:01] resources
[1:39:01] po
[1:39:01] ng
[1:39:02] pamahalaan
[1:39:02] at
[1:39:02] hindi
[1:39:02] po
[1:39:03] maghisilbi
[1:39:03] pong
[1:39:03] negativo
[1:39:05] o
[1:39:05] bad
[1:39:05] precedence
[1:39:06] po
[1:39:06] ito
[1:39:06] sa
[1:39:06] iba
[1:39:06] mga
[1:39:06] ahensya
[1:39:07] na
[1:39:07] maaari
[1:39:08] po
[1:39:08] gumaya
[1:39:09] o
[1:39:09] sumunod
[1:39:10] po
[1:39:10] doon
[1:39:10] sa
[1:39:10] kanilang
[1:39:10] mga
[1:39:10] panukala
[1:39:11] so
[1:39:12] all in
[1:39:12] all
[1:39:12] po
[1:39:12] we
[1:39:13] support
[1:39:13] the
[1:39:13] objectives
[1:39:14] of
[1:39:14] the
[1:39:15] bill
[1:39:15] and
[1:39:16] we
[1:39:17] defer
[1:39:17] po
[1:39:17] sa
[1:39:17] wisdom
[1:39:18] ng
[1:39:18] committee
[1:39:18] na
[1:39:18] ito
[1:39:19] kung
[1:39:19] ano
[1:39:19] po
[1:39:19] yung
[1:39:20] naayon
[1:39:20] para
[1:39:20] sa
[1:39:21] ating
[1:39:21] kababayan
[1:39:22] at
[1:39:23] huli
[1:39:23] huli
[1:39:24] na
[1:39:24] po
[1:39:24] pala
[1:39:24] yun
[1:39:25] sa
[1:39:25] lifetime
[1:39:25] rate
[1:39:25] po
[1:39:26] so
[1:39:26] while
[1:39:26] nabanggit
[1:39:27] po
[1:39:27] kanya
[1:39:27] ni
[1:39:27] SP
[1:39:28] yung
[1:39:28] tungkol
[1:39:28] po
[1:39:28] dito
[1:39:29] so
[1:39:29] talaga
[1:39:30] po
[1:39:30] meron
[1:39:32] kaming
[1:39:32] concern
[1:39:33] po
[1:39:33] doon
[1:39:33] however
[1:39:34] we
[1:39:35] defer
[1:39:35] po
[1:39:36] sa
[1:39:36] wisdom
[1:39:36] ng
[1:39:37] committee
[1:39:37] kung
[1:39:38] ano
[1:39:38] po
[1:39:38] yung
[1:39:39] mas
[1:39:39] narapat
[1:39:40] at
[1:39:41] ganyan
[1:39:41] din
[1:39:41] po
[1:39:41] sa
[1:39:41] DSWD
[1:39:42] para
[1:39:42] makapag
[1:39:43] present
[1:39:43] po
[1:39:43] ng
[1:39:43] tamang
[1:39:43] mga
[1:39:44] datos
[1:39:44] para
[1:39:45] mapag
[1:39:46] aralan
[1:39:46] ito
[1:39:47] sa
[1:39:47] pagkasama
[1:39:47] po
[1:39:47] doon
[1:39:48] sa
[1:39:48] kanilang
[1:39:48] budget
[1:39:49] sa
[1:39:49] kabuan
[1:39:50] yan
[1:39:50] lang
[1:39:51] po
[1:39:51] Mr.
[1:39:51] Chair
[1:39:51] Thank
[1:39:52] you
[1:39:52] Department
[1:39:53] of
[1:39:53] Budget
[1:39:53] and
[1:39:53] Management
[1:39:54] National
[1:39:56] Power
[1:39:57] Corporation
[1:39:57] are you
[1:39:58] here
[1:39:58] good
[1:40:01] morning
[1:40:01] Honorable
[1:40:02] Chair
[1:40:03] Honorable
[1:40:03] Senate
[1:40:04] President
[1:40:04] the
[1:40:07] National
[1:40:08] Power
[1:40:08] Corporation
[1:40:09] will
[1:40:10] submit
[1:40:10] a
[1:40:10] detailed
[1:40:11] position
[1:40:11] and
[1:40:12] matrix
[1:40:12] after
[1:40:13] the
[1:40:13] hearing
[1:40:14] because
[1:40:15] we
[1:40:15] want
[1:40:15] to
[1:40:15] listen
[1:40:16] as
[1:40:16] well
[1:40:16] to
[1:40:17] the
[1:40:17] inputs
[1:40:18] of
[1:40:18] all
[1:40:18] other
[1:40:18] stakeholders
[1:40:20] but
[1:40:22] for
[1:40:22] now
[1:40:23] our
[1:40:24] current
[1:40:25] positions
[1:40:26] are
[1:40:26] we
[1:40:27] support
[1:40:29] the
[1:40:29] bill
[1:40:30] strengthening
[1:40:30] the
[1:40:31] restructuring
[1:40:31] of
[1:40:33] the
[1:40:33] Energy
[1:40:33] Regulatory
[1:40:34] Commission
[1:40:35] and
[1:40:37] we
[1:40:40] want
[1:40:40] to
[1:40:40] emphasize
[1:40:40] that
[1:40:41] sorry
[1:40:42] prior
[1:40:43] to
[1:40:43] this
[1:40:43] we
[1:40:43] want
[1:40:43] to
[1:40:44] emphasize
[1:40:44] for
[1:40:44] the
[1:40:44] chair
[1:40:45] and
[1:40:45] the
[1:40:46] public
[1:40:47] that
[1:40:47] the
[1:40:48] National
[1:40:48] Power
[1:40:48] Corporation
[1:40:49] after
[1:40:49] EPIRA
[1:40:50] is
[1:40:51] highly
[1:40:52] focused
[1:40:52] on
[1:40:53] missionary
[1:40:54] electrification
[1:40:55] and
[1:40:56] island
[1:40:56] grid
[1:40:57] off
[1:40:57] grid
[1:40:57] and
[1:40:58] we
[1:40:58] are
[1:40:58] no
[1:40:59] longer
[1:40:59] operating
[1:41:00] on
[1:41:01] the
[1:41:01] grid
[1:41:01] and
[1:41:03] so
[1:41:03] because
[1:41:05] of
[1:41:05] the
[1:41:05] change
[1:41:06] of
[1:41:06] the
[1:41:06] National
[1:41:06] Power
[1:41:07] Corporation
[1:41:07] we
[1:41:09] are
[1:41:10] very
[1:41:10] much
[1:41:10] heavily
[1:41:11] subsidized
[1:41:12] so
[1:41:13] on
[1:41:15] the
[1:41:16] strengthening
[1:41:18] of the
[1:41:18] Energy
[1:41:19] Regulatory
[1:41:19] Commission
[1:41:20] we
[1:41:21] generally
[1:41:21] defer
[1:41:22] our
[1:41:23] comments
[1:41:24] to the
[1:41:25] wisdom
[1:41:25] of the
[1:41:26] ERC
[1:41:26] as they
[1:41:27] know
[1:41:27] their
[1:41:27] operational
[1:41:28] needs
[1:41:29] we
[1:41:29] do
[1:41:30] agree
[1:41:31] with
[1:41:32] the
[1:41:32] chairman
[1:41:33] statements
[1:41:33] earlier
[1:41:34] on
[1:41:35] the
[1:41:37] addition
[1:41:37] of
[1:41:38] commissioners
[1:41:39] if
[1:41:39] speed
[1:41:40] is
[1:41:41] the
[1:41:41] reason
[1:41:41] for
[1:41:42] adding
[1:41:44] commissioners
[1:41:44] we
[1:41:45] agree
[1:41:45] with
[1:41:45] them
[1:41:45] that
[1:41:46] operational
[1:41:47] tools
[1:41:48] are
[1:41:48] much
[1:41:48] more
[1:41:49] needed
[1:41:49] in
[1:41:51] the
[1:41:51] NAPOCOR
[1:41:52] experience
[1:41:53] our
[1:41:54] biggest
[1:41:54] challenge
[1:41:55] even
[1:41:56] today
[1:41:56] are
[1:41:57] cash
[1:41:58] flow
[1:41:58] constraints
[1:41:59] to keep
[1:42:00] operating
[1:42:01] in fact
[1:42:02] as the
[1:42:04] chairman
[1:42:04] mentioned
[1:42:06] earlier
[1:42:06] kung
[1:42:07] pwedeng
[1:42:08] ma-defer
[1:42:09] ang
[1:42:09] mga
[1:42:10] charges
[1:42:12] kami po
[1:42:14] sa NAPOCOR
[1:42:15] at mga
[1:42:15] island
[1:42:16] electrification
[1:42:17] deferred po
[1:42:18] kami
[1:42:18] in fact
[1:42:20] hindi po
[1:42:20] kami
[1:42:20] pinapahintulutan
[1:42:22] na
[1:42:23] magkaroon
[1:42:24] ng
[1:42:24] capital
[1:42:24] repayment
[1:42:25] hindi
[1:42:27] tulad
[1:42:27] ng
[1:42:27] iba
[1:42:28] that
[1:42:28] they
[1:42:28] are
[1:42:28] allowed
[1:42:29] to do
[1:42:29] capital
[1:42:30] recovery
[1:42:31] sa
[1:42:31] amin
[1:42:31] po
[1:42:31] wala
[1:42:32] so
[1:42:33] in that
[1:42:34] alone
[1:42:34] deferred
[1:42:35] na
[1:42:35] po
[1:42:35] kami
[1:42:35] so
[1:42:37] gusto
[1:42:37] ko
[1:42:37] rin
[1:42:37] po
[1:42:38] i-emphasize
[1:42:38] sa mga
[1:42:39] lugar
[1:42:39] na
[1:42:39] nag-ooperate
[1:42:40] po
[1:42:40] yung
[1:42:40] NAPOCOR
[1:42:41] yun
[1:42:42] po yung
[1:42:42] poorest
[1:42:42] of the
[1:42:43] poor
[1:42:43] typically
[1:42:44] fisher
[1:42:44] folk
[1:42:45] in fact
[1:42:46] two
[1:42:46] three
[1:42:47] weeks
[1:42:48] ago
[1:42:48] nag-energize
[1:42:50] po kami
[1:42:50] ng isla
[1:42:51] sa
[1:42:51] Bohol
[1:42:52] first
[1:42:53] time
[1:42:53] po
[1:42:53] sila
[1:42:53] magkaroon
[1:42:54] ng
[1:42:54] kuryente
[1:42:54] taong
[1:42:56] 2026
[1:42:57] ang
[1:42:58] kanilang
[1:42:59] mga
[1:42:59] lupa
[1:43:00] doon
[1:43:00] tinignan
[1:43:01] ko
[1:43:01] yung
[1:43:01] basura
[1:43:01] po
[1:43:01] puros
[1:43:03] mga
[1:43:03] baterya
[1:43:03] na
[1:43:04] ginagamit
[1:43:04] ng
[1:43:04] fisherman
[1:43:05] na
[1:43:05] pinagtatapon
[1:43:06] ngayon
[1:43:07] pinagmamayabang
[1:43:08] nila na
[1:43:08] rechargeable
[1:43:09] battery
[1:43:09] na daw
[1:43:10] sila
[1:43:10] ngayon
[1:43:11] dahil
[1:43:11] meron
[1:43:11] na silang
[1:43:12] kuryente
[1:43:12] hindi pa
[1:43:13] po
[1:43:13] 24
[1:43:14] hours
[1:43:14] 8
[1:43:15] hours
[1:43:16] nang
[1:43:16] binibigay
[1:43:17] namin
[1:43:17] sa kanila
[1:43:17] ang unang
[1:43:19] schedule
[1:43:20] po
[1:43:20] 4pm
[1:43:21] to
[1:43:22] 12
[1:43:24] midnight
[1:43:24] sana
[1:43:24] nakiusap
[1:43:25] po yung
[1:43:26] barangay
[1:43:26] kapitan
[1:43:26] hindi po
[1:43:27] siya
[1:43:27] munisipyo
[1:43:28] isang
[1:43:28] barangay
[1:43:29] lang po
[1:43:29] siya
[1:43:29] sabi niya
[1:43:30] kung
[1:43:30] pwede
[1:43:31] alas
[1:43:31] dos
[1:43:31] hanggang
[1:43:32] alas
[1:43:32] gees
[1:43:32] dahil
[1:43:34] pagdating
[1:43:34] po
[1:43:34] ng
[1:43:34] alas
[1:43:34] gees
[1:43:35] lumalaot
[1:43:35] na po
[1:43:36] yung
[1:43:36] mga
[1:43:36] fishermen
[1:43:37] kaya
[1:43:37] useless
[1:43:38] daw
[1:43:38] yung
[1:43:38] 10
[1:43:38] to
[1:43:39] 12
[1:43:39] yun
[1:43:41] po
[1:43:41] yung
[1:43:41] sanap
[1:43:42] core
[1:43:42] deferred
[1:43:43] po
[1:43:43] ang
[1:43:43] aming
[1:43:44] subsidia
[1:43:45] kaya
[1:43:46] siguro
[1:43:47] mga
[1:43:47] apat
[1:43:48] na buwan
[1:43:48] na po
[1:43:48] kami
[1:43:49] deferred
[1:43:51] so
[1:43:51] we're
[1:43:51] operating
[1:43:51] at a
[1:43:52] loss
[1:43:52] and
[1:43:54] this
[1:43:54] is
[1:43:54] all
[1:43:55] for
[1:43:55] the
[1:43:55] service
[1:43:55] of
[1:43:56] the
[1:43:56] island
[1:43:56] yung
[1:43:57] mga
[1:43:58] isla
[1:43:58] po
[1:43:58] subsidized
[1:43:59] po
[1:44:08] nararamdaman
[1:44:09] po
[1:44:09] namin
[1:44:10] yung
[1:44:11] cash
[1:44:14] flow
[1:44:14] constraints
[1:44:15] kaya
[1:44:16] nakikita
[1:44:17] po
[1:44:17] namin
[1:44:18] na
[1:44:18] we are
[1:44:20] highly
[1:44:21] supporting
[1:44:22] yung
[1:44:23] plano
[1:44:23] po
[1:44:23] ng
[1:44:24] ERC
[1:44:25] na
[1:44:27] gumamit
[1:44:27] ng
[1:44:28] regulatory
[1:44:28] information
[1:44:29] management
[1:44:30] system
[1:44:30] and
[1:44:31] docket
[1:44:32] management
[1:44:32] system
[1:44:33] dahil
[1:44:34] yan
[1:44:34] po
[1:44:35] ay
[1:44:35] magkakaroon
[1:44:36] ng
[1:44:36] data
[1:44:36] driven
[1:44:37] framework
[1:44:38] na
[1:44:38] yung
[1:44:39] mga
[1:44:39] tariff
[1:44:39] applications
[1:44:40] ng
[1:44:41] mga
[1:44:41] off
[1:44:42] grid
[1:44:42] ay
[1:44:43] transmitted
[1:44:43] in
[1:44:44] digital
[1:44:45] formats
[1:44:45] mas
[1:44:47] mabilis
[1:44:48] na po
[1:44:48] yung
[1:44:48] magpag
[1:44:49] process
[1:44:49] niyan
[1:44:50] and
[1:44:51] hindi
[1:44:51] na
[1:44:51] kailangan
[1:44:51] yung
[1:44:52] mga
[1:44:52] papeles
[1:44:52] na
[1:44:52] tatawid
[1:44:53] ng
[1:44:53] dagat
[1:44:54] that
[1:44:55] alone
[1:44:55] helps
[1:44:56] big
[1:44:57] time
[1:44:57] so
[1:44:59] ito
[1:44:59] po
[1:44:59] yung
[1:44:59] isang
[1:44:59] example
[1:45:00] na
[1:45:00] hindi
[1:45:01] po
[1:45:01] nakikita
[1:45:02] ng
[1:45:02] napokor
[1:45:02] na
[1:45:03] kailangan
[1:45:03] ng
[1:45:03] mas
[1:45:03] maraming
[1:45:04] commissioner
[1:45:04] and
[1:45:05] kailangan
[1:45:05] po
[1:45:06] mas
[1:45:06] maraming
[1:45:06] support
[1:45:07] yung
[1:45:07] ERC
[1:45:08] at
[1:45:09] mga
[1:45:09] sistema
[1:45:10] ERC
[1:45:11] para
[1:45:11] makalculate
[1:45:12] po
[1:45:12] nila
[1:45:12] at
[1:45:13] maverify
[1:45:13] po
[1:45:13] nila
[1:45:14] at
[1:45:14] masigurado
[1:45:14] po
[1:45:15] yung
[1:45:15] concern
[1:45:15] ng
[1:45:16] ating
[1:45:16] chairperson
[1:45:17] na
[1:45:17] tama
[1:45:18] ba
[1:45:18] ang
[1:45:19] pagcalculate
[1:45:19] hindi
[1:45:20] ba
[1:45:20] inaabuso
[1:45:21] in fact
[1:45:23] sa amin
[1:45:24] sanapokor
[1:45:24] matatanda
[1:45:25] na po
[1:45:26] yung
[1:45:26] aming
[1:45:26] mga
[1:45:26] generator
[1:45:27] ang
[1:45:29] burn
[1:45:31] rate
[1:45:31] namin
[1:45:31] nasa
[1:45:32] .32
[1:45:32] pero
[1:45:33] ang
[1:45:33] recovery
[1:45:33] namin
[1:45:34] hanggang
[1:45:34] .29
[1:45:35] lang
[1:45:35] dahil
[1:45:37] hindi
[1:45:37] po
[1:45:37] namin
[1:45:37] na-upgrade
[1:45:38] dahil
[1:45:39] hindi
[1:45:39] po
[1:45:39] kami
[1:45:39] pinapahintulutan
[1:45:40] na
[1:45:40] bumili
[1:45:41] ng bago
[1:45:41] ngayon
[1:45:44] ang
[1:45:48] sinabi
[1:45:48] po
[1:45:48] ng
[1:45:49] NEA
[1:45:49] na-echo
[1:45:50] po
[1:45:50] nila
[1:45:50] timely
[1:45:52] release
[1:45:52] of
[1:45:52] subsidies
[1:45:53] yun
[1:45:53] po
[1:45:53] ang
[1:45:54] NEA
[1:45:54] nararamdaman
[1:45:55] din po
[1:45:55] niyan
[1:45:56] pati
[1:45:56] yung
[1:45:56] mga
[1:45:56] electric
[1:45:57] co-ops
[1:45:57] we
[1:45:58] echo
[1:45:58] that
[1:45:59] sentiment
[1:45:59] that's
[1:46:00] why
[1:46:00] we
[1:46:01] support
[1:46:02] anything
[1:46:03] that
[1:46:03] can
[1:46:03] improve
[1:46:04] the
[1:46:05] ERC
[1:46:06] service
[1:46:06] to
[1:46:06] the
[1:46:06] people
[1:46:07] but
[1:46:09] we
[1:46:10] defer
[1:46:10] to
[1:46:10] the
[1:46:10] wisdom
[1:46:11] of
[1:46:11] Congress
[1:46:11] of
[1:46:12] the
[1:46:12] Senate
[1:46:12] and
[1:46:14] lalo
[1:46:14] nasa
[1:46:14] ERC
[1:46:15] kung
[1:46:15] ano
[1:46:16] yung
[1:46:16] ikinabubuti
[1:46:17] nila
[1:46:17] Is there
[1:46:20] more?
[1:46:22] on the
[1:46:26] enhancing
[1:46:26] of
[1:46:27] lifeline
[1:46:27] rate
[1:46:28] we
[1:46:29] agree
[1:46:29] with
[1:46:30] the
[1:46:30] Department
[1:46:30] of
[1:46:31] Energy
[1:46:31] to be
[1:46:33] cautious
[1:46:33] it's
[1:46:34] good
[1:46:34] for
[1:46:34] the
[1:46:35] people
[1:46:35] pero
[1:46:35] let's
[1:46:35] be
[1:46:36] cautious
[1:46:36] as
[1:46:36] to
[1:46:37] baka
[1:46:37] masyado
[1:46:38] rin
[1:46:38] ma
[1:46:38] overburden
[1:46:39] yung
[1:46:39] mga
[1:46:39] other
[1:46:40] consumers
[1:46:40] yung
[1:46:41] sa
[1:46:42] cross
[1:46:42] ownership
[1:46:42] provisions
[1:46:43] ng
[1:46:43] Senate
[1:46:44] Bill
[1:46:44] 1091
[1:46:45] yung
[1:46:49] hiniingi
[1:46:50] lang po
[1:46:50] namin
[1:46:50] Senate
[1:46:51] President
[1:46:51] is
[1:46:52] that
[1:46:52] sa
[1:46:53] experience
[1:46:53] ng
[1:46:54] NAPOCOR
[1:46:54] ay
[1:46:56] there are
[1:46:58] microgrids
[1:46:59] so
[1:47:00] kailangan
[1:47:01] din na
[1:47:02] dahil
[1:47:02] maliit po
[1:47:03] wala pong
[1:47:03] papasok
[1:47:04] dyan na
[1:47:05] maliit na
[1:47:05] transmission
[1:47:07] at saka
[1:47:08] maliit na
[1:47:08] generation
[1:47:09] so
[1:47:09] ang
[1:47:09] NAPOCOR
[1:47:10] is
[1:47:10] at least
[1:47:11] doon
[1:47:11] siguro
[1:47:12] may
[1:47:12] exemptions
[1:47:13] in
[1:47:14] missionary
[1:47:14] areas
[1:47:16] and
[1:47:16] off-grid
[1:47:16] and
[1:47:17] lastly
[1:47:17] po
[1:47:17] sa
[1:47:17] EPERA
[1:47:18] modernization
[1:47:19] okay
[1:47:22] po
[1:47:22] kami
[1:47:22] dyan
[1:47:23] provided
[1:47:23] na
[1:47:24] yung
[1:47:24] statutory
[1:47:25] mandate
[1:47:26] ng
[1:47:26] NAPOCOR
[1:47:27] for
[1:47:28] missionary
[1:47:28] electrification
[1:47:29] is
[1:47:30] preserved
[1:47:31] and
[1:47:31] reinforced
[1:47:32] at
[1:47:33] kung
[1:47:33] gugustuhin
[1:47:34] po
[1:47:34] ng
[1:47:34] Senado
[1:47:36] na
[1:47:37] papasok
[1:47:37] ulit
[1:47:38] ang
[1:47:38] NAPOCOR
[1:47:38] sa
[1:47:38] main
[1:47:39] grid
[1:47:39] we
[1:47:40] will
[1:47:40] leave
[1:47:41] that
[1:47:41] to
[1:47:42] your
[1:47:42] wisdom
[1:47:43] salamat
[1:47:43] po
[1:47:44] thank
[1:47:44] you
[1:47:45] national
[1:47:50] transmission
[1:47:51] corporation
[1:47:51] thank
[1:47:53] you
[1:47:53] good
[1:47:53] morning
[1:47:53] mr.
[1:47:54] chair
[1:47:54] and
[1:47:54] members
[1:47:55] of
[1:47:55] the
[1:47:55] committee
[1:47:56] we'll
[1:47:57] just
[1:47:57] focus
[1:47:57] on
[1:47:57] our
[1:47:58] comment
[1:47:58] on
[1:47:58] senate
[1:47:59] bill
[1:47:59] 2348
[1:47:59] by
[1:48:00] the
[1:48:00] senator
[1:48:01] rafi
[1:48:01] tulfo
[1:48:02] specifically
[1:48:03] section
[1:48:04] 9
[1:48:04] amending
[1:48:05] section
[1:48:05] 9
[1:48:06] of
[1:48:06] EPERA
[1:48:06] we
[1:48:08] fully
[1:48:08] support
[1:48:09] the
[1:48:09] reversion
[1:48:10] of
[1:48:11] system
[1:48:11] operation
[1:48:11] back
[1:48:12] to
[1:48:12] transco
[1:48:12] and
[1:48:13] thereby
[1:48:14] amending
[1:48:15] the
[1:48:15] concession
[1:48:17] agreement
[1:48:17] with
[1:48:18] NGCP
[1:48:18] this
[1:48:19] is
[1:48:19] for
[1:48:19] sake
[1:48:20] of
[1:48:20] national
[1:48:20] security
[1:48:21] we
[1:48:22] also
[1:48:22] support
[1:48:22] strengthening
[1:48:25] the
[1:48:26] role
[1:48:27] of
[1:48:27] the
[1:48:27] DOE
[1:48:28] and
[1:48:28] transco
[1:48:29] in
[1:48:29] developing
[1:48:30] the
[1:48:30] transmission
[1:48:30] development
[1:48:31] plan
[1:48:31] of
[1:48:31] the
[1:48:31] country
[1:48:32] those
[1:48:33] two
[1:48:33] points
[1:48:33] are
[1:48:33] very
[1:48:34] important
[1:48:34] to
[1:48:34] secure
[1:48:35] for
[1:48:36] the
[1:48:36] country
[1:48:36] and
[1:48:36] for
[1:48:36] the
[1:48:36] government
[1:48:37] our
[1:48:37] control
[1:48:38] of
[1:48:38] how
[1:48:39] the
[1:48:39] transmission
[1:48:40] lines
[1:48:40] of
[1:48:40] our
[1:48:40] country
[1:48:41] are
[1:48:41] managed
[1:48:41] and
[1:48:42] developed
[1:48:42] but
[1:48:44] just
[1:48:45] a
[1:48:45] reminder
[1:48:45] in
[1:48:47] crafting
[1:48:48] this
[1:48:48] law
[1:48:48] NGCP
[1:48:51] non-impairment
[1:48:52] of their
[1:48:52] concession
[1:48:52] contract
[1:48:53] perhaps
[1:48:54] the
[1:48:54] committee
[1:48:55] can
[1:48:56] take a
[1:48:56] look
[1:48:56] at
[1:48:56] amending
[1:48:57] the
[1:48:57] franchise
[1:48:57] of
[1:48:57] NGCP
[1:48:58] to
[1:48:59] remove
[1:48:59] the
[1:48:59] system
[1:48:59] operations
[1:49:00] of
[1:49:00] its
[1:49:00] franchise
[1:49:01] and
[1:49:02] and
[1:49:02] the
[1:49:02] chairman
[1:49:03] thank
[1:49:04] you
[1:49:04] for
[1:49:04] bringing
[1:49:05] that
[1:49:05] to
[1:49:05] our
[1:49:05] attention
[1:49:06] by
[1:49:06] the
[1:49:06] way
[1:49:06] Senator
[1:49:07] Rafi
[1:49:08] Tulfo
[1:49:08] was
[1:49:08] the
[1:49:08] former
[1:49:09] energy
[1:49:10] chair
[1:49:12] I'm
[1:49:13] Senator
[1:49:13] Irwin
[1:49:14] Tulfo
[1:49:14] the
[1:49:14] current
[1:49:15] chair
[1:49:16] of
[1:49:16] Energy
[1:49:17] Thank
[1:49:18] you
[1:49:18] I
[1:49:18] heard
[1:49:18] you
[1:49:18] said
[1:49:19] Rafi
[1:49:19] but
[1:49:19] I
[1:49:19] do
[1:49:20] understand
[1:49:20] but
[1:49:23] anyway
[1:49:23] moving
[1:49:24] on
[1:49:24] National
[1:49:25] Transmission
[1:49:26] Corporation
[1:49:26] Power
[1:49:30] Sector
[1:49:30] Asset
[1:49:30] Liabilities
[1:49:31] Management
[1:49:31] Corporation
[1:49:32] Hello
[1:49:33] good
[1:49:33] morning
[1:49:34] everyone
[1:49:35] good
[1:49:35] morning
[1:49:36] Senator
[1:49:36] Tulfo
[1:49:36] and
[1:49:37] good
[1:49:37] morning
[1:49:37] Senator
[1:49:38] Kacharyan
[1:49:39] As for
[1:49:40] PISAM
[1:49:40] we
[1:49:41] respectfully
[1:49:42] support
[1:49:43] all the
[1:49:44] legislative
[1:49:44] measures
[1:49:45] aiming
[1:49:45] to
[1:49:46] strengthen
[1:49:46] the
[1:49:47] Philippine
[1:49:47] electric
[1:49:48] power
[1:49:48] industry
[1:49:49] We
[1:49:49] likewise
[1:49:50] support
[1:49:51] the
[1:49:51] proposed
[1:49:52] alignment
[1:49:52] of
[1:49:52] the
[1:49:53] universal
[1:49:53] charge
[1:49:54] with
[1:49:54] the
[1:49:55] Murang
[1:49:55] Corriente
[1:49:56] Act
[1:49:56] as well
[1:49:56] as the
[1:49:57] microgrid
[1:49:58] systems
[1:49:58] Act
[1:49:58] but
[1:49:59] we
[1:49:59] have
[1:49:59] a bit
[1:50:01] of
[1:50:01] comment
[1:50:02] regarding
[1:50:02] the
[1:50:03] UC
[1:50:03] transfer
[1:50:03] of
[1:50:04] UC
[1:50:04] administration
[1:50:05] from
[1:50:06] PISAM
[1:50:06] to
[1:50:07] another
[1:50:08] agency
[1:50:08] but
[1:50:09] we
[1:50:09] will
[1:50:09] submit
[1:50:10] our
[1:50:10] comment
[1:50:11] after
[1:50:13] this
[1:50:14] hearing
[1:50:14] and
[1:50:15] we
[1:50:15] likewise
[1:50:16] support
[1:50:17] the
[1:50:18] strengthening
[1:50:18] and
[1:50:19] expansion
[1:50:19] of
[1:50:19] PRC
[1:50:20] because
[1:50:21] we
[1:50:21] believe
[1:50:22] that
[1:50:22] the
[1:50:22] strengthening
[1:50:23] of
[1:50:23] PRC
[1:50:24] would
[1:50:24] pave
[1:50:25] the
[1:50:25] way
[1:50:25] to
[1:50:25] address
[1:50:26] regulatory
[1:50:26] delays
[1:50:28] and
[1:50:28] we
[1:50:29] just
[1:50:29] want
[1:50:30] to
[1:50:30] emphasize
[1:50:30] the
[1:50:31] strengthening
[1:50:32] of
[1:50:32] the
[1:50:33] statutory
[1:50:33] timelines
[1:50:34] for
[1:50:35] ERC
[1:50:35] with
[1:50:36] respect
[1:50:36] to
[1:50:36] major
[1:50:37] ERC
[1:50:37] decisions
[1:50:38] thank
[1:50:39] you
[1:50:39] go ahead
[1:50:44] it's
[1:50:45] okay
[1:50:45] go ahead
[1:50:47] attorney
[1:50:48] Philippine
[1:50:50] competition
[1:50:51] commission
[1:50:51] good
[1:50:53] morning
[1:50:53] mr.
[1:50:54] chair
[1:50:54] members
[1:50:55] of
[1:50:55] the
[1:50:55] committee
[1:50:55] and
[1:50:56] our
[1:50:56] distinguished
[1:50:56] colleagues
[1:50:57] in
[1:50:57] government
[1:50:57] the
[1:50:58] PCC
[1:50:58] would
[1:50:59] like
[1:50:59] to
[1:50:59] express
[1:50:59] its
[1:51:00] gratitude
[1:51:00] for
[1:51:00] being
[1:51:01] given
[1:51:01] this
[1:51:01] opportunity
[1:51:02] to
[1:51:02] provide
[1:51:02] inputs
[1:51:03] and
[1:51:03] our
[1:51:03] comments
[1:51:04] on
[1:51:04] the
[1:51:04] proposed
[1:51:04] measures
[1:51:05] under
[1:51:05] consideration
[1:51:05] today
[1:51:06] the
[1:51:07] PCC
[1:51:08] expresses
[1:51:08] its
[1:51:09] support
[1:51:09] for
[1:51:09] strengthening
[1:51:10] the
[1:51:10] EPERA
[1:51:11] in
[1:51:11] particular
[1:51:11] the
[1:51:12] proposal
[1:51:12] to
[1:51:12] prohibit
[1:51:13] cross
[1:51:13] ownership
[1:51:14] and
[1:51:14] improve
[1:51:15] the
[1:51:15] implementation
[1:51:15] of
[1:51:16] the
[1:51:16] lifeline
[1:51:16] rate
[1:51:17] we
[1:51:17] would
[1:51:17] also
[1:51:18] like
[1:51:18] to
[1:51:18] commend
[1:51:18] the
[1:51:18] recognition
[1:51:19] of
[1:51:19] the
[1:51:19] PCC
[1:51:20] in
[1:51:20] the
[1:51:20] proposed
[1:51:21] bills
[1:51:21] which
[1:51:22] formally
[1:51:22] recognizes
[1:51:23] the
[1:51:23] need
[1:51:23] of
[1:51:24] establishing
[1:51:24] coordination
[1:51:25] mechanisms
[1:51:25] between
[1:51:26] the
[1:51:26] PCC
[1:51:26] and
[1:51:27] the
[1:51:27] ERC
[1:51:28] in
[1:51:28] dealing
[1:51:28] with
[1:51:28] competition
[1:51:29] issues
[1:51:29] in
[1:51:30] the
[1:51:30] energy
[1:51:30] sector
[1:51:30] to
[1:51:31] note
[1:51:31] the
[1:51:32] ERC
[1:51:32] and
[1:51:32] the
[1:51:33] PCC
[1:51:33] actually
[1:51:33] have
[1:51:34] a
[1:51:34] memorandum
[1:51:34] of
[1:51:34] agreement
[1:51:35] wherein
[1:51:35] we
[1:51:36] may
[1:51:36] request
[1:51:36] information
[1:51:37] from
[1:51:37] each
[1:51:37] other
[1:51:38] when
[1:51:38] relevant
[1:51:38] to
[1:51:39] competition
[1:51:39] in
[1:51:40] the
[1:51:40] electric
[1:51:40] power
[1:51:41] industry
[1:51:41] subject
[1:51:42] of
[1:51:42] course
[1:51:42] to
[1:51:42] applicable
[1:51:43] laws
[1:51:43] or
[1:51:43] rules
[1:51:43] on
[1:51:44] confidentiality
[1:51:45] data
[1:51:45] privacy
[1:51:45] and
[1:51:45] privilege
[1:51:46] the
[1:51:47] PCC
[1:51:48] has
[1:51:48] already
[1:51:49] submitted
[1:51:49] its
[1:51:49] position
[1:51:50] papers
[1:51:50] on
[1:51:50] the
[1:51:50] proposed
[1:51:51] measures
[1:51:51] but
[1:51:52] at
[1:51:52] this
[1:51:52] juncture
[1:51:53] we
[1:51:53] would
[1:51:53] like
[1:51:53] to
[1:51:53] reiterate
[1:51:54] the
[1:51:54] following
[1:51:54] important
[1:51:55] points
[1:51:55] for
[1:51:56] the
[1:51:56] committee's
[1:51:56] consideration
[1:51:57] first
[1:51:59] with
[1:52:00] respect
[1:52:00] to
[1:52:00] the
[1:52:01] proposed
[1:52:01] revised
[1:52:01] section
[1:52:02] 43
[1:52:02] of
[1:52:02] the
[1:52:02] APERA
[1:52:03] regarding
[1:52:04] ERC's
[1:52:04] authority
[1:52:05] in
[1:52:05] penalizing
[1:52:06] abuse
[1:52:06] of
[1:52:06] market
[1:52:06] power
[1:52:07] we
[1:52:07] would
[1:52:08] like
[1:52:08] to
[1:52:08] clarify
[1:52:08] that
[1:52:09] the
[1:52:09] same
[1:52:09] appears
[1:52:10] to
[1:52:10] constitute
[1:52:11] abuse
[1:52:11] of
[1:52:11] dominant
[1:52:12] position
[1:52:12] which
[1:52:13] is
[1:52:13] penalized
[1:52:14] under
[1:52:14] section
[1:52:14] 15
[1:52:15] of
[1:52:15] the
[1:52:15] Philippine
[1:52:16] Competition
[1:52:16] Act
[1:52:16] or
[1:52:17] the
[1:52:17] PCC's
[1:52:17] enabling
[1:52:18] law
[1:52:18] and
[1:52:18] which
[1:52:19] thus
[1:52:19] falls
[1:52:19] within
[1:52:19] the
[1:52:20] ambit
[1:52:20] of
[1:52:20] the
[1:52:20] PCC's
[1:52:21] jurisdiction
[1:52:21] second
[1:52:23] on
[1:52:23] Senate
[1:52:23] bill
[1:52:24] number
[1:52:24] 1950
[1:52:25] which
[1:52:25] designates
[1:52:26] PCC
[1:52:27] as
[1:52:27] investigating
[1:52:28] body
[1:52:28] for
[1:52:29] any
[1:52:29] violations
[1:52:30] under
[1:52:30] section
[1:52:30] 45
[1:52:31] of
[1:52:31] the
[1:52:31] APERA
[1:52:32] we
[1:52:32] note
[1:52:32] that
[1:52:33] adjudication
[1:52:33] nonetheless
[1:52:34] is
[1:52:35] proposed
[1:52:35] to be
[1:52:35] conducted
[1:52:36] by
[1:52:36] the
[1:52:36] ERC
[1:52:37] so
[1:52:38] thus
[1:52:38] respectfully
[1:52:39] and
[1:52:39] for
[1:52:39] the
[1:52:39] avoidance
[1:52:40] of
[1:52:40] doubt
[1:52:40] and
[1:52:41] given
[1:52:41] the
[1:52:41] role
[1:52:41] of
[1:52:42] the
[1:52:42] PCC
[1:52:43] as
[1:52:43] the
[1:52:43] competition
[1:52:43] authority
[1:52:44] of
[1:52:44] the
[1:52:44] Philippines
[1:52:45] we
[1:52:46] submit
[1:52:46] that
[1:52:46] the
[1:52:46] adjudication
[1:52:47] of
[1:52:47] said
[1:52:47] violation
[1:52:48] is
[1:52:48] properly
[1:52:48] the
[1:52:49] PCC's
[1:52:49] third
[1:52:50] with
[1:52:51] respect
[1:52:51] to
[1:52:51] Senate
[1:52:52] bill
[1:52:52] numbers
[1:52:52] 346
[1:52:53] and
[1:52:53] 1477
[1:52:54] we
[1:52:55] have
[1:52:55] also
[1:52:55] submitted
[1:52:56] proposed
[1:52:56] language
[1:52:57] defining
[1:52:57] the
[1:52:57] term
[1:52:57] control
[1:52:58] to
[1:52:58] enable
[1:52:58] other
[1:52:59] provisions
[1:52:59] in
[1:52:59] the
[1:53:00] PCA
[1:53:00] to
[1:53:01] be
[1:53:01] applied
[1:53:01] in
[1:53:01] determining
[1:53:02] the
[1:53:02] controlling
[1:53:02] entities
[1:53:03] to
[1:53:04] support
[1:53:04] the
[1:53:04] proposed
[1:53:05] prohibition
[1:53:05] of
[1:53:06] cross
[1:53:06] ownership
[1:53:06] between
[1:53:07] GENCOs
[1:53:08] and
[1:53:08] DUs
[1:53:08] this
[1:53:09] is
[1:53:09] because
[1:53:09] the
[1:53:10] ultimate
[1:53:10] controller
[1:53:10] may
[1:53:11] not
[1:53:11] be
[1:53:11] limited
[1:53:11] to
[1:53:12] juridical
[1:53:12] persons
[1:53:13] as
[1:53:13] natural
[1:53:13] persons
[1:53:14] may
[1:53:14] also
[1:53:14] be
[1:53:15] identified
[1:53:15] as
[1:53:15] the
[1:53:16] same
[1:53:16] lastly
[1:53:17] the
[1:53:18] PCC
[1:53:18] likewise
[1:53:19] reiterates
[1:53:19] its
[1:53:19] recommendation
[1:53:20] to
[1:53:21] expressly
[1:53:22] recognize
[1:53:22] the
[1:53:22] PCC's
[1:53:23] authority
[1:53:23] to
[1:53:24] review
[1:53:24] mergers
[1:53:24] and
[1:53:25] acquisitions
[1:53:25] under
[1:53:26] section
[1:53:26] 57
[1:53:27] of
[1:53:27] the
[1:53:27] IPRA
[1:53:27] as
[1:53:28] well
[1:53:28] as
[1:53:28] its
[1:53:28] authority
[1:53:29] to
[1:53:29] review
[1:53:30] and
[1:53:30] adjudicate
[1:53:30] issues
[1:53:31] involving
[1:53:32] notifiable
[1:53:32] mergers
[1:53:33] and
[1:53:33] acquisitions
[1:53:34] under
[1:53:34] section
[1:53:35] 43
[1:53:35] P
[1:53:35] of
[1:53:36] the
[1:53:36] IPRA
[1:53:36] thank
[1:53:37] you
[1:53:38] Mr.
[1:53:38] Chair
[1:53:38] we
[1:53:38] respectfully
[1:53:39] note
[1:53:39] that
[1:53:40] the
[1:53:40] PCC
[1:53:41] has
[1:53:41] already
[1:53:41] submitted
[1:53:42] exposition
[1:53:42] papers
[1:53:43] to
[1:53:43] the
[1:53:43] committee
[1:53:44] for
[1:53:44] its
[1:53:44] consideration
[1:53:45] good
[1:53:50] morning
[1:53:58] Mr.
[1:53:59] Chair
[1:53:59] and
[1:54:00] members
[1:54:00] and
[1:54:01] colleagues
[1:54:01] in the
[1:54:02] industry
[1:54:02] PEMC
[1:54:04] generally
[1:54:04] supports
[1:54:05] the
[1:54:05] proposed
[1:54:05] amendments
[1:54:06] to
[1:54:06] IPRA
[1:54:06] that
[1:54:07] seek to
[1:54:07] strengthen
[1:54:08] the
[1:54:08] ERC
[1:54:09] particularly
[1:54:10] those
[1:54:10] embodied
[1:54:11] in
[1:54:11] Senate
[1:54:11] Bills
[1:54:12] 346
[1:54:13] 367
[1:54:14] 1164
[1:54:15] 1477
[1:54:16] and
[1:54:17] related
[1:54:17] measures
[1:54:18] as
[1:54:19] reflected
[1:54:19] in
[1:54:19] our
[1:54:19] position
[1:54:20] papers
[1:54:20] previously
[1:54:21] submitted
[1:54:21] to
[1:54:21] the
[1:54:22] committee
[1:54:22] we
[1:54:23] support
[1:54:23] reforms
[1:54:23] that
[1:54:24] will
[1:54:24] streamline
[1:54:24] regulatory
[1:54:25] procedures
[1:54:26] and
[1:54:26] reduce
[1:54:27] delays
[1:54:27] in
[1:54:28] decision
[1:54:28] making
[1:54:28] strengthen
[1:54:30] the
[1:54:30] ERC's
[1:54:30] institutional
[1:54:31] and
[1:54:31] quasi-judicial
[1:54:32] powers
[1:54:32] improve
[1:54:34] governance
[1:54:34] transparency
[1:54:35] and
[1:54:35] accountability
[1:54:36] enhance
[1:54:37] the
[1:54:37] capability
[1:54:38] of
[1:54:38] ERC
[1:54:38] personnel
[1:54:39] through
[1:54:39] continuous
[1:54:40] training
[1:54:40] and
[1:54:40] professionalization
[1:54:41] and
[1:54:42] establish
[1:54:42] more
[1:54:43] efficient
[1:54:43] systems
[1:54:44] for
[1:54:44] public
[1:54:44] access
[1:54:45] to
[1:54:45] regulatory
[1:54:46] information
[1:54:47] these
[1:54:48] reforms
[1:54:48] will
[1:54:48] contribute
[1:54:49] to
[1:54:49] a
[1:54:49] more
[1:54:50] responsive
[1:54:50] regulatory
[1:54:51] environment
[1:54:52] and
[1:54:52] support
[1:54:53] the
[1:54:53] continued
[1:54:53] development
[1:54:54] of the
[1:54:55] power
[1:54:55] sector
[1:54:55] while we
[1:54:57] support
[1:54:57] the
[1:54:58] strengthening
[1:54:58] of the
[1:54:59] ERC
[1:54:59] PMC
[1:55:00] respectfully
[1:55:01] submits
[1:55:01] that the
[1:55:02] major issue
[1:55:02] in the
[1:55:03] electricity
[1:55:03] sector
[1:55:03] today
[1:55:04] is the
[1:55:04] lack
[1:55:05] of
[1:55:05] express
[1:55:05] statutory
[1:55:06] recognition
[1:55:07] and
[1:55:07] strengthening
[1:55:08] of
[1:55:08] electricity
[1:55:09] market
[1:55:09] governance
[1:55:10] institutions
[1:55:10] under
[1:55:11] EPIRA
[1:55:12] over the
[1:55:13] years
[1:55:13] the
[1:55:14] wholesale
[1:55:14] electricity
[1:55:15] spot
[1:55:15] market
[1:55:16] has evolved
[1:55:16] into a
[1:55:17] mature
[1:55:17] and critical
[1:55:18] component
[1:55:18] of the
[1:55:19] power
[1:55:19] industry
[1:55:20] however
[1:55:20] certain
[1:55:21] governance
[1:55:22] structures
[1:55:22] that have
[1:55:23] proven
[1:55:23] effective
[1:55:24] in practice
[1:55:24] are not
[1:55:25] clearly
[1:55:25] and
[1:55:26] expressed
[1:55:26] institutionalized
[1:55:27] in the
[1:55:27] law
[1:55:28] in particular
[1:55:29] PMC
[1:55:30] recommends
[1:55:31] first the
[1:55:35] formal
[1:55:35] recognition
[1:55:36] in the
[1:55:36] PIRA of
[1:55:37] the existing
[1:55:37] two-entity
[1:55:38] market
[1:55:38] structure
[1:55:39] where
[1:55:40] PMC
[1:55:41] serves as
[1:55:41] the
[1:55:41] governance
[1:55:42] body
[1:55:42] while the
[1:55:43] independent
[1:55:43] electricity
[1:55:44] market
[1:55:44] operator
[1:55:45] of the
[1:55:46] Philippines
[1:55:46] or IMAP
[1:55:47] serves as
[1:55:48] the
[1:55:48] market
[1:55:48] operator
[1:55:49] clarifying
[1:55:50] these
[1:55:50] respective
[1:55:51] roles
[1:55:51] in the
[1:55:52] law
[1:55:53] will
[1:55:53] eliminate
[1:55:53] ambiguity
[1:55:54] strengthen
[1:55:55] accountability
[1:55:56] and provide
[1:55:57] greater
[1:55:58] regulatory
[1:55:58] certainty
[1:55:59] for all
[1:55:59] stakeholders
[1:56:00] second
[1:56:01] the
[1:56:02] preservation
[1:56:02] of
[1:56:03] stakeholder
[1:56:03] representation
[1:56:04] in the
[1:56:04] PEMC
[1:56:04] board
[1:56:05] the
[1:56:06] current
[1:56:06] governance
[1:56:06] model
[1:56:07] promotes
[1:56:07] transparency
[1:56:08] accountability
[1:56:09] industry
[1:56:10] participation
[1:56:11] and closer
[1:56:12] coordination
[1:56:13] with government
[1:56:13] regulators
[1:56:14] while remaining
[1:56:15] consistent
[1:56:16] with the
[1:56:16] principle
[1:56:17] of a
[1:56:17] self-governing
[1:56:18] electricity
[1:56:19] market
[1:56:19] envisioned
[1:56:20] under
[1:56:20] EPIRA
[1:56:21] third
[1:56:22] the
[1:56:23] formal
[1:56:23] reconstitution
[1:56:24] of the
[1:56:24] grid
[1:56:24] management
[1:56:25] committee
[1:56:25] or
[1:56:25] GMC
[1:56:26] under
[1:56:27] section
[1:56:27] 43
[1:56:28] of
[1:56:28] EPIRA
[1:56:28] at
[1:56:29] present
[1:56:29] the
[1:56:30] arrangement
[1:56:30] operates
[1:56:31] through
[1:56:31] an
[1:56:31] interim
[1:56:32] mechanism
[1:56:32] that
[1:56:33] lacks
[1:56:33] clear
[1:56:34] statutory
[1:56:34] authority
[1:56:35] defined
[1:56:36] responsibilities
[1:56:37] and
[1:56:38] institutional
[1:56:38] support
[1:56:39] a
[1:56:39] formally
[1:56:40] constituted
[1:56:41] GMC
[1:56:42] will
[1:56:42] strengthen
[1:56:43] grid
[1:56:43] reliability
[1:56:44] technical
[1:56:45] governance
[1:56:46] and
[1:56:46] operational
[1:56:46] accountability
[1:56:47] accordingly
[1:56:49] PEMC
[1:56:50] respectfully
[1:56:51] recommends
[1:56:51] that
[1:56:52] in addition
[1:56:52] to
[1:56:52] strengthening
[1:56:53] the
[1:56:53] ERC
[1:56:54] the
[1:56:54] Senate
[1:56:54] consider
[1:56:55] amendments
[1:56:55] that
[1:56:56] expressly
[1:56:57] institutionalize
[1:56:57] the
[1:56:58] two-entity
[1:56:59] market
[1:56:59] structure
[1:57:00] preserve
[1:57:01] stakeholder
[1:57:01] participation
[1:57:02] in
[1:57:03] electricity
[1:57:03] market
[1:57:04] governance
[1:57:04] formally
[1:57:05] constitute
[1:57:06] and support
[1:57:06] the
[1:57:07] grid
[1:57:07] management
[1:57:07] committee
[1:57:08] and
[1:57:08] strengthen
[1:57:09] the
[1:57:09] legal
[1:57:09] foundations
[1:57:10] of
[1:57:10] electricity
[1:57:11] market
[1:57:11] governance
[1:57:12] alongside
[1:57:13] regulatory
[1:57:13] reform
[1:57:14] these
[1:57:15] measures
[1:57:15] will help
[1:57:16] ensure
[1:57:16] a power
[1:57:17] industry
[1:57:17] that is
[1:57:18] not only
[1:57:19] well
[1:57:19] regulated
[1:57:19] but also
[1:57:20] transparent
[1:57:21] accountable
[1:57:21] reliable
[1:57:22] and responsive
[1:57:23] to the
[1:57:24] needs
[1:57:24] of
[1:57:24] consumers
[1:57:25] and
[1:57:25] market
[1:57:25] participants
[1:57:26] thank you
[1:57:27] Mr.
[1:57:27] Chair
[1:57:27] thank you
[1:57:31] cloud is
[1:57:34] here from
[1:57:35] the National
[1:57:35] Renewable Energy
[1:57:36] Board
[1:57:36] and rep
[1:57:37] and
[1:57:43] are you
[1:57:43] here
[1:57:43] go ahead
[1:57:47] Mr.
[1:57:48] Chair
[1:57:48] was created
[1:57:49] under the
[1:57:50] Renewable Energy
[1:57:51] Act but
[1:57:51] it has
[1:57:52] been
[1:57:53] no
[1:57:54] appointments
[1:57:54] have been
[1:57:55] made
[1:57:55] coming from
[1:57:56] the office
[1:57:56] of the
[1:57:56] president
[1:57:57] so
[1:57:57] we
[1:57:58] don't
[1:57:58] have
[1:57:58] chairman
[1:57:59] of the
[1:58:00] NREP
[1:58:00] all right
[1:58:01] all right
[1:58:01] Philippine
[1:58:04] Institute
[1:58:04] for
[1:58:04] Development
[1:58:05] Studies
[1:58:05] no
[1:58:06] representative
[1:58:10] okay
[1:58:10] independent
[1:58:13] electricity
[1:58:14] market
[1:58:14] operator
[1:58:15] of the
[1:58:15] Philippines
[1:58:16] I'm
[1:58:16] sorry
[1:58:18] about
[1:58:19] that
[1:58:19] good
[1:58:20] morning
[1:58:21] Mr.
[1:58:21] Chair
[1:58:21] your
[1:58:21] honors
[1:58:22] everyone
[1:58:23] in relation
[1:58:26] to the
[1:58:27] proposed
[1:58:27] amendments
[1:58:28] on the
[1:58:28] lifeline
[1:58:29] rate
[1:58:29] the
[1:58:30] strengthening
[1:58:30] of
[1:58:30] ERC
[1:58:31] the
[1:58:32] removal
[1:58:32] of
[1:58:33] requirements
[1:58:33] for
[1:58:33] public
[1:58:34] offering
[1:58:34] for
[1:58:34] generators
[1:58:35] stricter
[1:58:36] prohibition
[1:58:37] and
[1:58:37] cross
[1:58:37] ownership
[1:58:38] and
[1:58:39] on
[1:58:39] the
[1:58:39] recognition
[1:58:40] of
[1:58:40] the
[1:58:40] governance
[1:58:41] arm
[1:58:43] by
[1:58:44] the
[1:58:44] DOE
[1:58:45] we
[1:58:46] wish
[1:58:46] to
[1:58:47] express
[1:58:47] our
[1:58:47] support
[1:58:48] with
[1:58:49] these
[1:58:49] proposed
[1:58:49] amendments
[1:58:50] and
[1:58:50] their
[1:58:50] adoption
[1:58:51] as
[1:58:52] these
[1:58:52] measures
[1:58:53] will
[1:58:53] help
[1:58:53] ensure
[1:58:54] that
[1:58:54] subsidies
[1:58:54] are
[1:58:55] delivered
[1:58:55] more
[1:58:55] efficiently
[1:58:56] strengthen
[1:58:57] regulatory
[1:58:58] effectiveness
[1:58:59] allow
[1:58:59] generators
[1:59:00] to remain
[1:59:00] competitive
[1:59:01] and ensure
[1:59:02] competitive
[1:59:02] neutrality
[1:59:04] between
[1:59:04] DEUS
[1:59:04] and
[1:59:04] GENCOS
[1:59:05] consistent
[1:59:06] with
[1:59:06] market
[1:59:08] design
[1:59:08] and
[1:59:09] promote
[1:59:10] a more
[1:59:11] effective
[1:59:11] market
[1:59:12] governance
[1:59:13] for the
[1:59:15] consideration
[1:59:15] of the
[1:59:16] committee
[1:59:16] Mr.
[1:59:17] Chair
[1:59:18] and
[1:59:19] we
[1:59:19] defer
[1:59:19] to the
[1:59:20] wisdom
[1:59:20] of the
[1:59:21] committee
[1:59:21] as to
[1:59:21] the
[1:59:21] final
[1:59:22] form
[1:59:22] of
[1:59:22] these
[1:59:22] amendments
[1:59:23] thank
[1:59:24] you
[1:59:24] very
[1:59:24] much
[1:59:24] thank
[1:59:27] you
[1:59:27] IMO
[1:59:28] all
[1:59:30] right
[1:59:30] before
[1:59:32] I
[1:59:33] proceed
[1:59:33] okay
[1:59:38] let's
[1:59:40] hear from
[1:59:40] the
[1:59:40] Manila
[1:59:41] Electric
[1:59:41] company
[1:59:42] do you
[1:59:42] have
[1:59:42] any
[1:59:43] presentation
[1:59:43] sir
[1:59:44] we'll
[1:59:45] give
[1:59:45] you
[1:59:45] three
[1:59:46] minutes
[1:59:46] because
[1:59:46] we'll
[1:59:47] be
[1:59:47] winding
[1:59:47] down
[1:59:47] as
[1:59:48] we
[1:59:49] have
[1:59:49] other
[1:59:51] commitments
[1:59:51] go ahead
[1:59:53] thank
[1:59:54] you
[1:59:54] Mr.
[1:59:54] Chair
[1:59:55] good
[1:59:56] morning
[1:59:56] so
[1:59:57] in the
[1:59:57] interest
[1:59:58] of
[1:59:58] time
[1:59:58] we'll
[1:59:59] go
[2:00:00] straight
[2:00:00] to
[2:00:00] the
[2:00:00] issue
[2:00:01] on
[2:00:02] the
[2:00:02] recent
[2:00:02] increase
[2:00:03] in
[2:00:03] electricity
[2:00:03] prices
[2:00:04] Mr.
[2:00:04] Chair
[2:00:04] so
[2:00:06] the
[2:00:06] recent
[2:00:06] electricity
[2:00:07] price
[2:00:07] increases
[2:00:08] pertain
[2:00:09] to
[2:00:09] generation
[2:00:09] charges
[2:00:10] which
[2:00:11] reflect
[2:00:11] the
[2:00:11] spike
[2:00:12] in
[2:00:12] international
[2:00:12] fuel
[2:00:13] prices
[2:00:13] and
[2:00:14] peso
[2:00:14] depreciation
[2:00:15] as a
[2:00:15] result
[2:00:15] of the
[2:00:16] ongoing
[2:00:16] conflict
[2:00:17] in the
[2:00:17] Middle East
[2:00:18] and the
[2:00:18] government's
[2:00:19] policy to
[2:00:19] use
[2:00:19] natural
[2:00:20] gas
[2:00:20] as
[2:00:21] energy
[2:00:21] transition
[2:00:22] fuel
[2:00:22] and the
[2:00:22] suspension
[2:00:23] of new
[2:00:23] coal
[2:00:24] based
[2:00:24] power
[2:00:25] plants
[2:00:25] the
[2:00:26] effect
[2:00:26] of
[2:00:26] these
[2:00:26] factors
[2:00:27] on
[2:00:27] the
[2:00:27] generation
[2:00:28] charges
[2:00:28] beyond
[2:00:28] the
[2:00:29] control
[2:00:29] of
[2:00:29] Meralco
[2:00:30] in
[2:00:30] general
[2:00:30] power
[2:00:31] from
[2:00:31] natural
[2:00:32] gas
[2:00:32] is
[2:00:32] more
[2:00:32] expensive
[2:00:33] than
[2:00:33] coal
[2:00:34] even
[2:00:34] before
[2:00:35] this
[2:00:35] period
[2:00:35] of
[2:00:36] geopolitical
[2:00:36] tensions
[2:00:37] the
[2:00:38] DOE
[2:00:38] also
[2:00:39] directed
[2:00:39] Meralco
[2:00:40] to
[2:00:40] continue
[2:00:40] procuring
[2:00:41] from
[2:00:41] natural
[2:00:41] gas
[2:00:42] fired
[2:00:42] power
[2:00:43] plants
[2:00:43] first
[2:00:44] gas
[2:00:44] and
[2:00:44] tarita
[2:00:44] to
[2:00:45] ensure
[2:00:45] grid
[2:00:46] security
[2:00:46] Meralco
[2:00:48] sources
[2:00:48] about
[2:00:48] 50%
[2:00:49] to
[2:00:49] 60%
[2:00:50] of its
[2:00:50] supply
[2:00:51] requirements
[2:00:51] from
[2:00:51] natural
[2:00:52] gas
[2:00:52] fired
[2:00:53] power
[2:00:53] plants
[2:00:53] this
[2:00:56] supply
[2:00:58] the
[2:00:59] Luzon
[2:00:59] grid
[2:00:59] will
[2:01:00] experience
[2:01:00] supply
[2:01:01] shortage
[2:01:01] which
[2:01:01] would
[2:01:02] result
[2:01:03] in
[2:01:03] prolonged
[2:01:03] power
[2:01:04] interruptions
[2:01:05] Meralco
[2:01:06] is
[2:01:06] the
[2:01:06] only
[2:01:06] distribution
[2:01:07] utility
[2:01:07] sourcing
[2:01:08] from
[2:01:08] natural
[2:01:09] gas
[2:01:09] fired
[2:01:09] power
[2:01:10] plants
[2:01:10] to
[2:01:10] ensure
[2:01:11] grid
[2:01:11] security
[2:01:11] which
[2:01:12] is
[2:01:12] the
[2:01:12] reason
[2:01:13] why
[2:01:13] its
[2:01:13] generation
[2:01:14] costs
[2:01:14] may
[2:01:14] at
[2:01:15] times
[2:01:15] appear
[2:01:15] higher
[2:01:16] than
[2:01:16] those
[2:01:18] of
[2:01:18] other
[2:01:18] DUs
[2:01:18] which
[2:01:19] are
[2:01:19] largely
[2:01:19] dependent
[2:01:20] on
[2:01:20] coal
[2:01:20] and
[2:01:21] other
[2:01:21] cheaper
[2:01:22] RE
[2:01:22] sources
[2:01:23] while
[2:01:24] the
[2:01:24] cost
[2:01:24] of
[2:01:24] generating
[2:01:25] electricity
[2:01:25] is
[2:01:26] affected
[2:01:26] by
[2:01:26] international
[2:01:27] fuel
[2:01:27] prices
[2:01:28] and
[2:01:29] exchange
[2:01:29] rate
[2:01:29] fluctuations
[2:01:30] the
[2:01:31] procurement
[2:01:31] by
[2:01:31] distribution
[2:01:32] utilities
[2:01:32] of
[2:01:33] electricity
[2:01:33] supply
[2:01:34] is
[2:01:34] very
[2:01:35] heavily
[2:01:35] regulated
[2:01:35] by
[2:01:36] the
[2:01:36] government
[2:01:36] the
[2:01:37] DOE
[2:01:38] and
[2:01:38] ERC
[2:01:38] establish
[2:01:39] competitive
[2:01:39] public
[2:01:40] bidding
[2:01:40] guidelines
[2:01:41] with
[2:01:41] which
[2:01:42] all
[2:01:42] DUs
[2:01:42] have
[2:01:42] to
[2:01:43] comply
[2:01:43] that
[2:01:44] ensure
[2:01:44] equal
[2:01:44] opportunities
[2:01:45] provided
[2:01:45] to
[2:01:46] all
[2:01:46] eligible
[2:01:46] and
[2:01:47] qualified
[2:01:47] generation
[2:01:48] companies
[2:01:48] regardless
[2:01:49] of
[2:01:49] affiliation
[2:01:50] and
[2:01:51] the
[2:01:51] supply
[2:01:51] contracts
[2:01:52] are
[2:01:52] awarded
[2:01:52] to
[2:01:52] generators
[2:01:53] with
[2:01:53] the
[2:01:53] lowest
[2:01:54] prices
[2:01:54] Meralco's
[2:01:55] power
[2:01:56] supply
[2:01:56] agreements
[2:01:57] with
[2:01:57] natural
[2:01:57] gas
[2:01:57] suppliers
[2:01:58] and
[2:01:58] all
[2:01:58] other
[2:01:59] suppliers
[2:01:59] underwent
[2:02:00] the
[2:02:01] required
[2:02:01] public
[2:02:02] bidding
[2:02:02] except
[2:02:02] for
[2:02:03] the
[2:02:03] first
[2:02:03] gas
[2:02:03] Santa
[2:02:03] Rita
[2:02:04] further
[2:02:05] further
[2:02:05] even
[2:02:06] after
[2:02:06] the
[2:02:06] conduct
[2:02:07] of
[2:02:07] competitive
[2:02:07] selection
[2:02:08] process
[2:02:08] the
[2:02:09] resulting
[2:02:09] supply
[2:02:10] contract
[2:02:10] with
[2:02:11] the
[2:02:11] winning
[2:02:11] power
[2:02:11] supplier
[2:02:12] is
[2:02:12] filed
[2:02:12] before
[2:02:13] the
[2:02:13] ERC
[2:02:13] for
[2:02:13] its
[2:02:13] approval
[2:02:14] during
[2:02:15] the
[2:02:15] regulatory
[2:02:15] proceedings
[2:02:16] and
[2:02:16] public
[2:02:16] hearings
[2:02:17] the
[2:02:17] ERC
[2:02:17] determines
[2:02:18] whether
[2:02:19] such
[2:02:19] contract
[2:02:19] complies
[2:02:20] with
[2:02:20] the
[2:02:20] distribution
[2:02:21] utilities
[2:02:21] mandate
[2:02:22] under
[2:02:22] the
[2:02:23] EPERA
[2:02:23] to
[2:02:23] provide
[2:02:23] its
[2:02:24] customers
[2:02:24] with
[2:02:24] the
[2:02:24] least
[2:02:25] cost
[2:02:25] supply
[2:02:25] all
[2:02:26] the
[2:02:26] power
[2:02:26] supply
[2:02:27] agreements
[2:02:27] of
[2:02:28] Meralco
[2:02:28] were
[2:02:28] approved
[2:02:28] by
[2:02:29] ERC
[2:02:29] a
[2:02:30] testament
[2:02:30] to
[2:02:30] its
[2:02:30] compliance
[2:02:31] with
[2:02:31] the
[2:02:31] least
[2:02:32] cost
[2:02:32] mandate
[2:02:32] under
[2:02:33] the
[2:02:33] law
[2:02:33] during
[2:02:34] the
[2:02:34] implementation
[2:02:34] of
[2:02:35] the
[2:02:35] supply
[2:02:35] contract
[2:02:36] there
[2:02:36] is
[2:02:36] also
[2:02:36] a
[2:02:37] confirmation
[2:02:37] process
[2:02:38] done
[2:02:38] by
[2:02:38] the
[2:02:38] ERC
[2:02:39] to
[2:02:39] ensure
[2:02:40] that
[2:02:40] what
[2:02:40] the
[2:02:40] DU
[2:02:41] collects
[2:02:41] on
[2:02:41] behalf
[2:02:42] of
[2:02:42] generators
[2:02:42] is
[2:02:43] accurate
[2:02:43] through
[2:02:44] this
[2:02:44] process
[2:02:45] the
[2:02:45] ERC
[2:02:45] ensures
[2:02:46] that
[2:02:46] the
[2:02:46] distribution
[2:02:47] utility
[2:02:47] correctly
[2:02:48] computes
[2:02:48] and
[2:02:49] passes
[2:02:49] through
[2:02:49] only
[2:02:50] the
[2:02:50] proper
[2:02:50] and
[2:02:51] allowable
[2:02:51] generation
[2:02:52] cost
[2:02:52] to
[2:02:52] consumers
[2:02:53] the
[2:02:53] electric
[2:02:54] bill
[2:02:54] is
[2:02:54] not
[2:02:54] only
[2:02:55] affected
[2:02:55] by
[2:02:55] the
[2:02:55] generation
[2:02:56] charge
[2:02:56] but
[2:02:57] also
[2:02:57] by
[2:02:57] the
[2:02:57] individual
[2:02:58] electricity
[2:02:58] consumption
[2:02:59] there
[2:03:00] are
[2:03:00] instances
[2:03:01] when
[2:03:01] electricity
[2:03:01] prices
[2:03:02] decline
[2:03:03] but
[2:03:03] the
[2:03:03] overall
[2:03:04] bill
[2:03:04] increases
[2:03:05] because
[2:03:05] of
[2:03:05] increase
[2:03:06] in
[2:03:06] electricity
[2:03:06] consumption
[2:03:07] observations
[2:03:08] across
[2:03:09] the
[2:03:09] years
[2:03:09] also
[2:03:09] show
[2:03:10] a
[2:03:10] relation
[2:03:10] of
[2:03:10] supply
[2:03:11] demand
[2:03:11] that
[2:03:12] tends
[2:03:12] to
[2:03:12] bring
[2:03:12] up
[2:03:13] power
[2:03:13] during
[2:03:13] the
[2:03:13] summer
[2:03:14] months
[2:03:14] when
[2:03:15] customers
[2:03:15] use
[2:03:16] more
[2:03:16] cooling
[2:03:17] appliances
[2:03:17] on
[2:03:18] Meralco
[2:03:19] charges
[2:03:19] our
[2:03:20] distribution
[2:03:20] rates
[2:03:21] have
[2:03:21] actually
[2:03:21] gone
[2:03:22] down
[2:03:22] by
[2:03:22] 18%
[2:03:23] since
[2:03:24] 2014
[2:03:24] unlike
[2:03:25] all
[2:03:26] other
[2:03:26] private
[2:03:26] deals
[2:03:27] customers
[2:03:28] are
[2:03:28] paying
[2:03:28] less
[2:03:29] today
[2:03:29] for
[2:03:30] the
[2:03:30] distribution
[2:03:30] related
[2:03:31] charges
[2:03:31] of
[2:03:32] Meralco
[2:03:32] compared
[2:03:34] to
[2:03:34] more
[2:03:34] than
[2:03:34] a
[2:03:34] decade
[2:03:35] ago
[2:03:35] meanwhile
[2:03:36] prices
[2:03:36] of
[2:03:36] basic
[2:03:37] commodities
[2:03:37] like
[2:03:37] food
[2:03:38] and
[2:03:38] transport
[2:03:38] as
[2:03:39] part
[2:03:39] of
[2:03:39] the
[2:03:39] consumer
[2:03:39] price
[2:03:40] index
[2:03:40] increase
[2:03:40] annually
[2:03:41] by
[2:03:41] an
[2:03:41] average
[2:03:42] of
[2:03:42] 4.1
[2:03:43] and
[2:03:43] 2.7
[2:03:43] respectively
[2:03:44] and
[2:03:45] the
[2:03:45] daily
[2:03:45] minimum
[2:03:46] wage
[2:03:46] rates
[2:03:46] in
[2:03:47] NC
[2:03:47] are
[2:03:47] over
[2:03:47] the
[2:03:48] period
[2:03:48] increase
[2:03:48] by
[2:03:49] around
[2:03:49] 5.7
[2:03:50] annually
[2:03:51] on
[2:03:51] average
[2:03:52] we
[2:03:52] are
[2:03:53] consolidating
[2:03:53] our
[2:03:54] comments
[2:03:54] Mr.
[2:03:55] Chair
[2:03:55] and
[2:03:55] we
[2:03:56] will
[2:03:56] formally
[2:03:57] submit
[2:03:57] our
[2:03:58] detailed
[2:03:58] comments
[2:03:59] on the
[2:03:59] various
[2:03:59] bills
[2:04:00] enumerated
[2:04:00] in your
[2:04:00] notice
[2:04:01] to this
[2:04:02] Honorable
[2:04:03] Office
[2:04:03] Thank you
[2:04:03] Mr.
[2:04:04] Chair
[2:04:04] Thank you
[2:04:05] Attorney
[2:04:05] Vallez
[2:04:06] Ladies and
[2:04:07] Gentlemen
[2:04:07] the
[2:04:08] reason why
[2:04:09] we're
[2:04:09] all
[2:04:10] gathered
[2:04:10] here
[2:04:11] is
[2:04:11] because
[2:04:11] of
[2:04:12] course
[2:04:12] we
[2:04:12] have
[2:04:12] to
[2:04:13] review
[2:04:13] the
[2:04:13] apparel
[2:04:14] law
[2:04:14] and
[2:04:15] try
[2:04:17] to
[2:04:17] pass
[2:04:18] the
[2:04:18] several
[2:04:18] Senate
[2:04:20] bill
[2:04:20] resolutions
[2:04:21] people
[2:04:25] are
[2:04:25] complaining
[2:04:26] people
[2:04:28] are
[2:04:31] crying
[2:04:32] but
[2:04:35] I also
[2:04:36] understand
[2:04:36] by
[2:04:37] listening
[2:04:37] and
[2:04:39] looking
[2:04:40] at my
[2:04:40] notes
[2:04:41] here
[2:04:41] of course
[2:04:44] tumataas
[2:04:45] po yung
[2:04:45] presyo
[2:04:46] ng mga
[2:04:46] sources
[2:04:47] po
[2:04:47] natin
[2:04:48] natural
[2:04:50] gas
[2:04:50] coal
[2:04:51] etc
[2:04:51] but
[2:04:53] the
[2:04:53] question
[2:04:53] is
[2:04:54] can
[2:04:54] we
[2:04:54] do
[2:04:54] something
[2:04:55] about
[2:04:55] this
[2:04:56] tayo
[2:04:57] pong
[2:04:57] may
[2:04:57] pinakamataas
[2:04:58] tayo
[2:04:59] pong
[2:04:59] pinakamahirap
[2:05:00] dito
[2:05:00] sa
[2:05:00] Southeast
[2:05:01] Asia
[2:05:01] tayo
[2:05:02] pang
[2:05:02] may
[2:05:02] pinakamataas
[2:05:03] yun pong
[2:05:04] hindi
[2:05:04] matanggap
[2:05:04] ng mga
[2:05:05] kababayan
[2:05:05] natin
[2:05:06] electricity
[2:05:08] is so
[2:05:08] expensive
[2:05:09] mabuti
[2:05:10] sana
[2:05:10] kung
[2:05:10] malaki
[2:05:11] ang
[2:05:11] sweldo
[2:05:12] natin
[2:05:12] ng mga
[2:05:12] kababayan
[2:05:13] nat
[2:05:13] it's
[2:05:13] not
[2:05:14] not
[2:05:15] even
[2:05:15] enough
[2:05:15] to
[2:05:16] buy
[2:05:16] food
[2:05:16] for
[2:05:17] their
[2:05:17] family
[2:05:18] for
[2:05:18] one
[2:05:18] month
[2:05:19] for
[2:05:19] 30
[2:05:19] days
[2:05:20] papasok
[2:05:21] mo
[2:05:22] pa
[2:05:22] ngayon
[2:05:22] dito
[2:05:22] yung
[2:05:22] electricity
[2:05:23] papasok
[2:05:24] mo
[2:05:24] dito
[2:05:24] yung
[2:05:25] gasolina
[2:05:25] nagmumotor
[2:05:26] siya
[2:05:26] or what
[2:05:27] have
[2:05:27] you
[2:05:28] wala
[2:05:29] na
[2:05:29] yung
[2:05:29] pamasahe
[2:05:30] niya
[2:05:30] syempre
[2:05:30] mataas
[2:05:31] ang
[2:05:31] pamasahe
[2:05:33] tataas
[2:05:33] sa mga
[2:05:34] fares
[2:05:35] pero yung
[2:05:35] sweldo
[2:05:36] hindi
[2:05:36] tumataas
[2:05:38] that's why
[2:05:39] they're
[2:05:39] banking
[2:05:39] on the
[2:05:40] government
[2:05:40] us
[2:05:41] the
[2:05:42] senate
[2:05:42] ERC
[2:05:43] energy
[2:05:44] all these
[2:05:45] people
[2:05:46] on the
[2:05:46] right
[2:05:46] side
[2:05:47] they're
[2:05:48] banking
[2:05:48] on all
[2:05:48] of us
[2:05:49] now
[2:05:49] can we
[2:05:49] do
[2:05:50] something
[2:05:50] about
[2:05:50] this
[2:05:50] kasi
[2:05:51] para pong
[2:05:51] useless
[2:05:53] inutil
[2:05:54] ang
[2:05:54] gobyerno
[2:05:54] wala pong
[2:05:55] magawa
[2:05:55] dun po
[2:05:56] sa plight
[2:05:56] ng mga
[2:05:57] kababayan
[2:05:57] natin
[2:05:57] this is
[2:05:58] why
[2:05:58] we're
[2:05:59] coming
[2:06:00] together
[2:06:01] here
[2:06:01] we're
[2:06:02] trying
[2:06:02] to find
[2:06:02] a
[2:06:03] solution
[2:06:03] and I
[2:06:03] also
[2:06:04] and I
[2:06:05] believe
[2:06:05] you
[2:06:05] will
[2:06:05] agree
[2:06:05] with
[2:06:06] me
[2:06:06] we
[2:06:07] have
[2:06:07] to
[2:06:07] find
[2:06:07] a
[2:06:07] solution
[2:06:08] and we
[2:06:08] have
[2:06:09] to
[2:06:09] do
[2:06:09] it
[2:06:09] now
[2:06:10] and
[2:06:11] kaya
[2:06:11] nga
[2:06:11] po
[2:06:11] parang
[2:06:12] just like
[2:06:13] yung
[2:06:13] all the
[2:06:13] regulation
[2:06:14] law
[2:06:14] sabi
[2:06:15] ni
[2:06:15] mapapababa
[2:06:16] because
[2:06:17] of the
[2:06:17] competition
[2:06:18] pero wala
[2:06:19] naman
[2:06:19] pong
[2:06:19] nahihatid
[2:06:20] yung
[2:06:20] all the
[2:06:21] law
[2:06:21] ganun
[2:06:23] din po
[2:06:23] itong
[2:06:23] ipira
[2:06:23] because
[2:06:24] of
[2:06:24] competition
[2:06:25] bababa
[2:06:25] wala
[2:06:26] po
[2:06:26] tayo
[2:06:26] pang
[2:06:26] may
[2:06:26] pinakamataas
[2:06:27] na
[2:06:28] kuryente
[2:06:30] so
[2:06:30] nakakahiya
[2:06:31] po
[2:06:31] that's
[2:06:32] why
[2:06:32] we
[2:06:32] are
[2:06:32] here
[2:06:32] we'll
[2:06:33] try
[2:06:33] to
[2:06:34] find
[2:06:34] a
[2:06:34] solution
[2:06:34] and
[2:06:35] believe
[2:06:35] me
[2:06:35] while
[2:06:36] I'm
[2:06:36] the
[2:06:36] chairman
[2:06:37] of
[2:06:37] this
[2:06:37] committee
[2:06:38] we
[2:06:38] will
[2:06:39] find
[2:06:39] a
[2:06:39] solution
[2:06:40] doon
[2:06:41] po
[2:06:41] sa
[2:06:41] problema
[2:06:42] ng
[2:06:42] mga
[2:06:42] kababayan
[2:06:43] natin
[2:06:43] we
[2:06:44] have
[2:06:45] to
[2:06:45] find
[2:06:45] we
[2:06:46] must
[2:06:46] find
[2:06:47] a
[2:06:47] solution
[2:06:47] papano
[2:06:48] mapababa
[2:06:49] magiging
[2:06:50] affordable
[2:06:50] ang
[2:06:51] kuryente
[2:06:51] it has
[2:06:55] to
[2:06:56] be
[2:06:56] dapat
[2:06:56] lahat
[2:06:57] po
[2:06:57] ay
[2:06:57] makinabang
[2:06:58] anyway
[2:06:59] because
[2:07:00] of
[2:07:00] time
[2:07:00] constraints
[2:07:01] ladies
[2:07:01] and
[2:07:01] gentlemen
[2:07:02] we
[2:07:02] have
[2:07:02] to
[2:07:02] cut
[2:07:02] this
[2:07:03] hearing
[2:07:03] short
[2:07:04] rather
[2:07:05] than
[2:07:06] rush
[2:07:06] to
[2:07:06] this
[2:07:06] important
[2:07:07] issue
[2:07:08] we
[2:07:08] will
[2:07:09] only
[2:07:09] suspend
[2:07:09] today's
[2:07:10] hearing
[2:07:10] and
[2:07:10] schedule
[2:07:11] it
[2:07:11] its
[2:07:12] continuation
[2:07:13] we
[2:07:18] will
[2:07:18] resume
[2:07:18] on
[2:07:19] thursday
[2:07:19] next
[2:07:20] week
[2:07:20] thank
[2:07:20] you
[2:07:20] comsec
[2:07:21] so
[2:07:22] for
[2:07:22] those
[2:07:23] of
[2:07:23] you
[2:07:23] that
[2:07:23] were
[2:07:24] invited
[2:07:24] and
[2:07:25] did
[2:07:25] not
[2:07:25] have
[2:07:25] the
[2:07:26] chance
[2:07:26] to
[2:07:26] make
[2:07:26] their
[2:07:27] presentation
[2:07:27] or
[2:07:28] speak
[2:07:29] up
[2:07:29] we
[2:07:31] will
[2:07:31] be
[2:07:31] inviting
[2:07:31] you
[2:07:32] again
[2:07:32] on
[2:07:32] thursday
[2:07:33] we
[2:07:33] will
[2:07:33] definitely
[2:07:34] be
[2:07:34] hearing
[2:07:35] from
[2:07:35] you
[2:07:36] your
[2:07:36] side
[2:07:36] your
[2:07:37] comments
[2:07:37] your
[2:07:38] points
[2:07:38] your
[2:07:39] opinions
[2:07:39] on
[2:07:39] this
[2:07:40] matter
[2:07:40] please
[2:07:41] do
[2:07:41] attend
[2:07:42] and
[2:07:42] come
[2:07:42] back
[2:07:42] we
[2:07:43] will
[2:07:43] be
[2:07:43] sending
[2:07:43] you
[2:07:44] invitations
[2:07:45] but
[2:07:46] for
[2:07:47] now
[2:07:47] we
[2:07:47] will
[2:07:47] just
[2:07:47] suspend
[2:07:48] this
[2:07:48] hearing
[2:07:49] and
[2:07:49] I
[2:07:49] would
[2:07:49] like
[2:07:50] to
[2:07:50] thank
[2:07:51] everybody
[2:07:52] for
[2:07:54] joining
[2:07:54] us
[2:07:54] this
[2:07:55] morning
[2:07:55] and
[2:07:56] giving
[2:07:56] us
[2:07:56] an
[2:07:57] input
[2:07:57] on
[2:07:58] this
[2:07:58] meaningful
[2:08:01] hearing
[2:08:03] today
[2:08:03] so
[2:08:12] with
[2:08:15] that
[2:08:15] the
[2:08:17] committee
[2:08:17] extended
[2:08:18] a
[2:08:18] sincerest
[2:08:19] appreciation
[2:08:20] to our
[2:08:20] resource
[2:08:21] persons
[2:08:21] and
[2:08:22] thank
[2:08:22] you
[2:08:22] for
[2:08:22] your
[2:08:23] patience
[2:08:23] and
[2:08:24] my
[2:08:24] esteemed
[2:08:25] colleagues
[2:08:25] for
[2:08:25] their
[2:08:26] valuable
[2:08:26] participation
[2:08:27] and
[2:08:27] thoughtful
[2:08:27] contribution
[2:08:28] the
[2:08:29] secretariat
[2:08:29] is hereby
[2:08:30] directed
[2:08:30] to
[2:08:31] consolidate
[2:08:31] all
[2:08:31] position
[2:08:32] papers
[2:08:32] comments
[2:08:33] and
[2:08:33] recommendations
[2:08:33] submitted
[2:08:34] by the
[2:08:35] resource
[2:08:35] persons
[2:08:36] for the
[2:08:37] committee's
[2:08:37] review
[2:08:37] and
[2:08:37] evaluation
[2:08:38] don't
[2:08:39] forget
[2:08:39] we'll
[2:08:40] be
[2:08:40] seeing
[2:08:40] again
[2:08:40] on
[2:08:41] Thursday
[2:08:41] next
[2:08:41] week
[2:08:42] please
[2:08:42] bear
[2:08:43] with
[2:08:43] us
[2:08:43] for
[2:08:44] those
[2:08:44] who
[2:08:44] have
[2:08:44] not
[2:08:44] yet
[2:08:45] submitted
[2:08:45] their
[2:08:45] position
[2:08:45] paper
[2:08:46] respectfully
[2:08:46] request
[2:08:47] that
[2:08:47] this
[2:08:47] be
[2:08:48] forwarded
[2:08:48] to
[2:08:48] the
[2:08:48] committee
[2:08:49] at
[2:08:49] the
[2:08:49] earliest
[2:08:49] opportunity
[2:08:50] to
[2:08:51] further
[2:08:51] aid
[2:08:52] our
[2:08:52] deliberations
[2:08:53] there
[2:08:54] being
[2:08:54] no
[2:08:54] further
[2:08:55] matters
[2:08:55] to
[2:08:55] discuss
[2:08:55] at
[2:08:56] this
[2:08:56] point
[2:08:56] this
[2:08:57] hearing
[2:08:57] is
[2:08:58] hereby
[2:08:58] suspended
[2:08:59] until
[2:08:59] Thursday