ILIGAN Light and Power, Inc. has asked the Energy Regulatory Commission (ERC) to approve its proposed electric and non-electric projects “to address load growth.”
“[The company has] several electric and non-electric capital projects planned which are necessary to maintain the reliable and safe operation of its distribution network as well as to provide for the growing electricity demand in the franchise area,” Iligan Light said in its application filed with the regulator on Feb. 14.
In its filing, Iligan Light also submitted the breakdown of its proposed projects totaling to P142.4 million.
The biggest chunk of the budget, which is P39.48 million, will go to the construction of its Tubon 20/30 mega volt ampere (MVA) substation, a project carried over from its 2021 regulatory year and will be continued this year.
Iligan Light will also spend P23.64 million for line construction projects and P11.96 million to buy poles.
The projects, which are mostly covering improvement on safety, capacity, vehicles, and electrification, were from 2015 until 2021. If granted approval, Iligan Light can start the construction, implementation, ownership, or operations of the projects.
“The proposed electric and non-electric capital projects will not have a direct impact on the current rates of [Iligan Light] until approved by the Honorable Commission as part of [its] Regulatory Asset Base in its next regulatory reset application under performance-based regulation,” the company said.
Iligan Light is among the largest private utilities in the country, covering Iligan City, Lanao del Norte province in Mindanao. — Marielle C. Lucenio
