The Universal Charge (UC) Stranded Debt (SD) of National Power Corporation (NPC) refer to any financial obligations of NPC which have not been liquidated by the proceeds from the sales and privatization of NPC assets. (Section 4 vv, EPIRA).
The UC Stranded Contract Costs (SCC) of NPC , on the other hand, refers to the excess of the contracted cost of electricity under eligible contracts over the actual selling price of the contracted energy output of such contracts in the market, which contracts shall have been approved by the then Energy Regulatory Board as of 31 December 2000 (Section 4 vv, EPIRA).
UC-SCC
- The following petitions for the availment of the Stranded Contract Costs share from the Universal Charge were filed by PSALM before the ERC for its resolution:
UC-SD
- The following petitions for the availment of the Stranded Debts share from the Universal Charge were filed by PSALM before the ERC for its resolution:
| Particulars/ ERC Case No. | Date Applied | Purpose | Amount Applied PhP Billion |
|---|---|---|---|
| No. 2017-066 RC | 06 July 2017 | CY 2016 UC-SCC Availment | 3,686,192,736.05 |
| No. 2018-088 RC | 31 July 2018 | CY 2017 UC-SCC Availment | 5,228,678,356.46 |
| No. 2019-048 RC | 25 June 2019 | CY 2018 UC-SCC Availment | 6,121,174,568.47 |
| Total | 15,036,045,660.98 |
| Particulars/ ERC Case No. | Date Applied | Purpose | Amount Applied PhP Billion |
|---|---|---|---|
| No. 2016-150 RC | 30 June 2016 | CY 2015 UC-SD True-Up Adjustment | 27,670,386,541.73 |
| No. 2017-069 RC | 31 July 2017 | CY 2016 UC-SD True-Up Adjustment | 34,642,180,036.26 |
| No. 2018-087 RC | 31 July 2018 | CY 2017 UC-SC True-Up Adjustment | 11,804,635,030.22 |
| No. 2015-144 RC | 06 June 2019 | CY 2014 UC-SD Motion for Reconsideration | 1,578,164,643.22 |
| No. 2018-047 RC | 25 June 2019 | CY 2018 UC-SC True-Up Adjustment | 4,722,490,975.31 |
| Total | 80,417,857,226.74 |
The ERC approved the following UC SCC and SD applications of PSALM:
| UC Application | Applied Amount (PhP Bn) |
Approved Amount (PhP Bn) |
Date Filed | Date of ERC Approval |
Date of Receipt by PSALM of Approval |
|---|---|---|---|---|---|
| 2007-2010 SCC | 74.30 | 53.85 | 28 Jun 2011 | 28 Jan 2013 | 19 Feb 2013 |
| 2011-2012 SCC | 17.69 | 11.00 | 31 Jul 2013 | 06 Jul 2017 | 21 July 2017 |
| 2013 SCC | 4.08 | 1.88 | 30 Jul 2014 | ||
| 2007-2010 SCC MR | 8.55 | 8.55 | 06 Mar 2013 | 22 May 2018 | 24 May 2018 |
| Sub-total SCC | 104.61 | 75.28 | |||
| 2011-2012 SD | 41.14 | 24.20 | 30 Sep 2013 | 27 Jun 2017 | 21 July 2017 |
| Sub-total SD | 41.14 | 24.20 | |||
| TOTAL (PhP B) | 145.75 | 99.47 |
