National Transmission Corporation
|Formed||June 8, 2001|
|Headquarters||Power Center, Quezon Avenue corner BIR Road, Diliman, Quezon City, Metro Manila 1101, Philippines|
|Parent department||Department of Energy|
The National Transmission Corporation (TransCo) is a Philippine government-owned and controlled corporation created in 2001 by the Electric Power Industry Reform Act (Republic Act 9136) and a corporate entity wholly owned by the Power Sector Assets and Liabilities Management (PSALM). It is the owner of the country's power grid that is being operated, maintained, and developed by the National Grid Corporation of the Philippines (NGCP). As owner of the transmission facilities, it assumed all of National Power Corporation's (NAPOCOR) substation and transmission assets. Today, it is involved in monitoring NGCP's compliance with the standards set by the relevant laws and also in charge of administering the FIT to renewable power generators.
Creation and first years
TransCo was previously an integral part of another state-owned corporation named National Power Corporation created under the Electric Power Industry Reform Act.
TransCo was separated from Napocor since March 1, 2003. Its transmission lines links various power plants, distribution utilities (such as Manila Electric Company), and electric cooperatives.
On June 2005, TransCo garnered the fifth highest score in the Corporate Governance Scorecard for GOCCs & GFIs in the field of Corporate Governance from the Institute of Corporate Directors (ICD).
On January 2006, TransCo wrote history by bagging the Philippine Quality Award Recognition for Commitment to Quality Management.
Privatization and turnover of operations to NGCP
The Arroyo administration has been criticized for conducting nontransparent and biased bidding of the nations critical power grid operator by manipulating the bidding process. Petitions were filed to the supreme court by some bidders who were barred from bidding despite being qualified enough.
Opponents of TransCo's privatizations argue that TransCo should remain state-owned instead of selling it to private firms where it can be readily abused for profits. Ultimately, electricity consumers shall burden the electricity price hike imposed by private power transmission firm monopoly.
On December 12, 2007, 2 consortia bid for a 25-year license to run the Philippine power grid - privatization of the management of the National Transmission Corporation (TransCo): the consortium of Monte Oro Grid Resources Corp., comprising the State Grid Corporation of China, and Calaca High Power Corp., won in an auction conducted by the Power Sector Assets and Liabilities Management (PSALM) Corp. as it submitted the highest offer of $3.95 billion, for the right to operate TransCo for 25 years, outbidding San Miguel Energy, a unit of San Miguel Corporation (bid of $3.59 billion), Dutch firm TPG Aurora BV and Malaysia's TNB Prai Sdn Bhd. Jose Ibazeta, PSALM president and CEO remarked: “We are very happy about the successful turnout of the bidding for TransCo. PSALM handled the privatization of the government’s transmission business with utmost transparency and judiciousness."
Congress approved bicameral resolution granting franchise to National Grid Corporation of the Philippines (NGCP) to manage and operate its transmission facilities nationwide in November 2008.
President Gloria Macapagal-Arroyo signed RA 9511 into law granting franchise to NGCP on December of that same year.
On January 15, 2009, TransCo turned over the operations, maintenance, and management of the transmission system to NGCP. Ownership of the country's power grid, however, remained with the government through TransCo.
The new TransCo
The new table of organization employees took a new oath of office in July 16, 2009, which results in the formation of a new TransCo.
In November 2012, ERC named TransCo as fit-allowance fund administrator and was given an added role in renewable energy sector.
Below is a table listing the officials of TransCo which are appointed by the President of the Philippines.
|Melvin A. Matibag||President and CEO|
|Carlos "Sonny" Dominguez||Secretary, Department of Finance and Ex-officio Chairman|
|Alfonso G. Cusi||Secretary, Department of Energy|
|Roy A. Cimatu||Secretary, Department of Environment and Natural Resources|
|Gladys N. Nalda||Visayas Representative|
|Josephine Cassandra J. Cui||Mindanao Representative|
|Edgardo L. Padilla||Corporate Secretary and Compliance Officer|
- Asisclo T. Gonzaga (2001–2003)
- Dr. Alan T. Ortiz (2003–2006)
- Arthur N. Aguilar (2006–2009)
- Moslemen T. Macarambon (2009–2010)
- Melinda T. Nuique - OIC (2010–2011)
- Rolando T. Bacani (2011–2015)
- Generoso M. Senal - OIC (2015–2017)
- Melvin A. Matibag (2017–present)
- List of Philippine companies
- National Grid Corporation of the Philippines
- National Power Corporation
- http://newsinfo.inquirer.net/inquirerheadlines/nation/view_article.php?article_id=103080 Arroyo ally bidding for Transco scored
- http://newsinfo.inquirer.net/breakingnews/nation/view_article.php?article_id=103711 Arroyo brother in Transco bid
- http://newsinfo.inquirer.net/inquirerheadlines/nation/view_article.php?article_id=102823 Court asked to stop Transco bidding
- http://www.gmanews.tv/story/70136/Groups-want-alleged-anomalies-in-Transco-privatization-probed Groups want alleged anomalies in Transco privatization probed
- Manila Times, RP-China group wins $3.95-B TransCo bid
- Reuters, Two groups vie for multi-billion dlr Manila power deal
- Abs-Cbn Interactive, Monte Oro consortium wins TransCo bidding
- TransCo Corporate Profile
- CORPORATE PROFILE: History
- NGCP - National Grid Corporation of the Philippines Corporate Profile, previous version
- TransCo's Milestones section.
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