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The National Transmission
Corporation (TransCo) is a government agency
created under
Republic Act No. 9136, otherwise known as the
Electric Power Industry Reform Act (EPIRA) of 2001.
Since March 1, 2003, TransCo operated and managed the
power transmission system that links power plants to the electric distribution
utilities nationwide. The same law mandated the privatization of TransCo
through an outright sale or management concession agreement.
Following a public bidding
conducted in December 2007, the TransCo concession
was awarded to the National Grid Corporation of the Philippines (NGCP), which
eventually secured a congressional franchise to operate the transmission network
through Republic Act No. 9511.
On January 15, 2009, TransCo turned over
the management and operation of its nationwide
transmission system to NGCP. Ownership of all transmission
assets however, remains with TransCo.
As owner of the transmission assets, the new TransCo is
mandated with four key responsibilities:
·
Protect national government’s interests by ensuring NGCP’s compliance with the
terms and conditions of the Concession Agreement and the policies of the
Department of Energy;
·
Handle all existing cases, including right-of-way and claims which accrued prior
to the turnover date (January 15, 2009);
·
Divest remaining sub-transmission assets to
technically and financially qualified electric
distributors nationwide;
and
·
Undertake the operation, maintenance, consultancy and other technical services
for the Philippine Economic Zone Authority
(PEZA).
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