Monday, June 1, 2020

Sen. Gatchalian Digs Deeper Into NGCP Operation; To Continue Probing Concession And Franchise Agreements


The Senate Committee on Energy chaired by Senator Win Gatchalian will dig deeper into the constitutional violations that the National Grid Corporation of the Philippines (NGCP) committed with respect to its concession and franchise agreements.

Gatchalian had said that the NGCP’s license can be revoked if proven that it has violated the constitution.

“Maraming violations lalong-lalo na sa mga dayuhan na nasa critical positions like management and executive positions. Yung audit ang magpapatunay na merong violations. Importante na magkaroon tayo ng proseso na i-audit sila, i-inspect at tingnan ang mga documents. Kapag napatunayan na may violations, lalo na sa Constitution, pwede natin i-revoke ang kanilang franchise”, reiterates Gatchalian.

Senators grilled NGCP officials on Monday’s Senate hearing over its refusal to let the National Transmission Corporation (Transco) and the Department of Energy (DOE) conduct an audit on its operations amid concerns that it is controlled and operated by China through State Grid Corporation of China or SGCC.

In the next hearings, Gatchalian said he wants to determine the compliance of NGCP’s other constitutional mandate under its franchise, such as going public through an Initial Public Offering (IPO).

The lawmaker pointed out that the NGCP should have already commenced with its IPO, especially after its ten-year deadline has lapsed last December 19. Gatchalian explained that the IPO delay is depriving Filipinos of their fair share in the public utility.

He estimated that the public would have received around ?33.98 billion in dividends or 20% of NGCP’s total cash dividends in the past nine (9) years had there been an IPO at the start of NGCP’s operations.

“The NGCP’s governance will be more transparent if only the IPO has been launched on time. Going public will allow NGCP to disclose detailed, descriptive, balanced, and comprehensible assessment of the corporation’s performance to shareholders; regularly submit reports to shareholders and to the Securities and Exchange Commission; and to be accountable to shareholders who shall communicate or seek to obtain redress for any violations of shareholder’s rights,” the senator said.

Gatchalian also wants to inquire with the Energy Regulatory Commission (ERC) about the need for Congress to be updated on the progress of NGCP’s petitions, seek accountability on regulatory delays, and take note of steps undertaken to resolve these matters with urgency,” he said.

Gatchalian has pointed out that they have just barely scratched the surface of the problems and issues that hound the power utility. (

Photo Credit:

- Advertisement -
- Advertisement -

Latest News

Mayor Labella: Cebu City Under GCQ From June 1 To 15

Labella: "Under GCQ, there will be more businesses that will reopen and public transport will resume operations but with reduced operating capacity."

Pres. Duterte Thanks Bahrain For Granting Pardon To 16 Pinoys

PRRD expresses gratitude to His Majesty King Hamad Bin Isa Al Khalifa for granting royal pardon to 16 Filipinos in the Kingdom of Bahrain, including two who were pardoned on Eid’l Fitr.

Sen. Hontiveros To OWWA: Address Food, Health Needs Of OFWs Awaiting Flight To Hometowns

Hontiveros: "Huwag naman sana hayaan ng pamahalaan na pagkatapos ng kalbaryo sa mandatory quarantine, ay maharap pa sa gutom, pagod at buong araw na pila ang mga OFW para lang makauwi sila sa kanilang mga pamilya."

Spox Roque: DepEd Ready For School Opening In August

Malacañang has expressed confidence that the Department of Education (DepEd) is ready for the scheduled opening of classes on August 24 despite the COVID-19 pandemic.

Sen. Gatchalian: CBMS Law To Correct Inefficiencies In SAP Distribution

Gatchalian urges the government to use the Community-Based Monitoring System (CBMS) Act to ensure efficient distribution of the Social Amelioration Program (SAP).

Gov. Defensor Jr.: Iloilo Is Now Preparing For MGCQ

Iloilo Province is already adjusting quarantine guidelines as its general community quarantine (GCQ) will end on May 31.

Mayor Joy To Strictly Implement Order On Wearing Of Face Masks In Public Places

Belmonte: “Dahil face mask ang isa sa pangunahing depensa laban sa COVID-19, paiigtingin natin ang kampanya upang masanay ang lahat na magsuot nito sa mga pampublikong lugar.”

Pres. Duterte Eases Community Quarantine Status

PRRD has placed the rest of the country under modified general community quarantine effective June 1.

Albay Rep. Salceda Proposes 35-Hour Work Scheme

Sang-ayon ka bang bawasan ang work hours?

Pres. Duterte, Vietnam PM Commit To Stronger Ties, Stable Rice Supply

In a telephone conversation requested by the PM, both leaders underscored the importance of maintaining adequate supply of staple food and critical medical equipment to successfully combat the COVID-19 pandemic.