ERC OKs San Miguel Energy’s supply deals | Inquirer Business

ERC OKs San Miguel Energy’s supply deals

/ 05:14 AM September 07, 2017

The Energy Regulatory Commission has affirmed its authorization for two electricity supply contracts between the San Miguel group and two electric cooperatives, and also gave provisional authority on contracts with eight other utilities.

Most of the contracts involve San Miguel Energy Corp. as the independent power producer administrator of the 1,200 MW Sual coal-fired power plant in Pangasinan.

The power plant—which has a contracted capacity of 1,000 MW—is owned by Team Energy, a joint venture between Marubeni Corp. and Tokyo Electric Power Corp.


In separate decisions, the ERC made permanent the previous provisional approval of SMEC’s contracts with Ilocos Norte Electric Cooperative and Cagayan II Electric Cooperative.


The contract with INEC was given provisional approval on Aug. 22, 2012, and that for Cagelco II on Sept. 10 of the same year.

Both decisions affirming authorization were dated June 15, 2017, and both were docketed Aug. 31.

Also docketed on Aug. 31 but dated May 23 were seven separate orders giving provisional authority to related SMEC’s supply contracts with Samar I Electric Cooperative, Samar II Electric Cooperative, Northern Samar Electric Cooperative, Southern Leyte Electric Cooperative, Don Orestes Romualdez Electric Cooperative (also known as Leyte I Electric Cooperative), Leyte II Electric Cooperative, and Leyte IV Electric Cooperative. —RONNEL W. DOMINGO

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TAGS: energy regulatory commission, san Miguel energy corp., Sual coal-fired power plant

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