Filipinos deprived of P4-B a year due to NGCP IPO delay

The National Transmission Corporation (TransCo) today said that Filipinos are being deprived of the opportunity to earn over P4-Billion a year in stock dividends due to the delay in the National Grid Corporation’s (NGCP) Initial Public Offering (IPO).

TransCo President Atty. Melvin Matibag said this today as TransCo filed its Motion for Reconsideration with the Energy Regulatory Commission (ERC) to reverse the latter’s June 25, 2019 denial of TransCo and PSALM’s Petition for Intervention on the extension bid of the National Grid Corporation of the Philippines (NGCP) for its mandated IPO. Read More

The National Transmission Corporation

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.

Read More
  • EPIRA SIGNED INTO LAW - June 8, 2001:
    Electric Power Industry Reform Act (EPIRA) mandating the creation of the National Transmission Corporation is signed into law.

  • ISO CERTIFICATION - March 24, 2017:
    TransCo receives its ISO certification for Quality Management System from TÜV Rheinland .

  • TRANSCO TOPS GOCCs IN GOVERNANCE SURVEY- June 2005:
    TransCo receives recognition in field of Corporate Governance from the Institute of Corporate Directors.

  • TRANSCO BAGS PQA RECOGNITION - January 2006:
    TransCo writes history by bagging the Philippine Quality Award Recognition for Commitment to Quality Management.

  • TRANSCO BAGS PQA RECOGNITION - January 2006:
    TransCo writes history by bagging the Philippine Quality Award Recognition for Commitment to Quality Management.

  • Read More
  • NEW!

    TransCo, PEMC sign MOA on FIT-All data sharing
    The National Transmission Corporation (TransCo) and the Philippines Electricity Market Corporation (PEMC) formalized a partnership that is aimed at strengthening of mechanisms... Read More

  • DOF Press Release (PH, Fastest-Growing ASEAN Economy)
    PH, Fastest-Growing ASEAN Economy exceeding the median analyst forecast of 6.6 percent in Q1 2022, the Philippines is currently the fastest growing economy amongst its ASEAN peers ... Read More

  • MOA on TransCo's assumption as system operator in Palawan sealed
    Lingering and perennial power connection problems in Palawan will soon be addressed as the National Transmission Corporation (TransCo) and the Palawan Electric Cooperative (PALECO)... Read More

  • TransCo's Statement on the appointment of Atty. Melvin A. Matibag as Cabinet Secretary
    The National Transmission Corporation (TransCo) expresses its sincerest gratitude to its former President and CEO, Atty. Melvin A. Matibag,... Read More

  • TransCo maintains ISO 9001:2015 Certification
    The National Transmission Corporation (TransCo) officially received its ISO 9001:2015 Certification for its Quality Management System (QMS) on 16 December 2021... Read More

  • TransCo receives 2021 Energy Efficiency Excellence Award
    The National Transmission Corporation (TransCo) has once again proved its excellent, efficient and effective energy use, in compliance with the Republic Act 11285... Read More

  • TransCo inks deal with FICELCO to construct and install submarine cables interconnection of Catanduanes.
    Residents of Catanduanes may now look forward to a more stable and reliable electricity at a lower price... Read More


  • TransCo holds first virtual forum on FIT-All fund
    For the first time since its initial implementation in January 2015, the National Transmission Corporation (TransCo) initiated its first virtual forum on Feed-in-Tariff Allowance (FIT-All)... Read More


  • TransCo welcomes Senate inquiry on NGCP’s executive composition
    National Grid Corporation of the Philippines (NGCP) President Anthony Almeda claims that NGCP has “no foreigners, particularly Chinese, among its top executives and managers.”... Read More


  • TransCo tops the list of GOCC remittance to national treasury to support COVID-19 efforts
    The National Transmission Corporation (TransCo) topped the list of government-owned-and-controlled corporations (GOCCs) that have remitted to the national treasury... Read More


  • TransCo receives 2020 Energy Efficient Government Agency Award
    The National Transmission Corporation (TransCo) has been named one of the five government agencies that have proved its efficient and effective energy use... Read More

  • Filipinos deprived of P4-B a year due to NGCP IPO delay:
    The National Transmission Corporation (TransCo) today said that Filipinos are being deprived of the opportunity to earn over P4-Billion a year... Read More

Did you know?

  • After TransCo's System Operations Group acquired an ISO certification for Quality Management in 2003, an "ISO fever" soon swept the Corporation.

  • By 2006, practically all departments have secured their own ISO certifications.

  • With numerous ISO certifications under its belt, TransCo soon set its sights on the more challenging Philippine Quality Award

  • The TransCo anniversary is observed every 26th of June, the same as that of the Electric Power Industry Reform Act (EPIRA).

  • TransCo started operating under a new table of organization on July 16, 2009 following the privatization of its transmission function.

  • The ERC designated TransCo as the FIT-All Fund Administrator on November 19, 2012.

  • Send Us a Message





Contact Information

Address: Power Center,
Quezon Avenue corner BIR Road,
Diliman, Quezon City
1101
Philippines

E-mail: customerservice@transco.ph

Trunkline: 63 (02) 7 902-1500

Website: www.transco.ph


ABOUT SSL CERTIFICATES

Dear TransCo Family,

The whole world is currently facing a huge health crisis.

Today, more than ever, we need to put our acts together to fight COVID 19.

Our donations to TLFI Savings Account No. 108110015368, PNB, NPC Branch, Q.C will go a long way in extending support to the front-liners, and our poor brethren.

Thank you for your generosity. God bless us and our families a thousandfold. Keep safe.

Gratefully yours,

Soledad V. Cabangis

Vice President, TLFI