Epira
Effects Of Electric Power Industry Reform Act (RA 9136) And Performance Based Regulation On Meralco
Prepared for BA 219 Corporate Finance Reporting
Dr. Helena S. Valderrama PhD
Prepared by
Mark Alejo S. Bernal
September 3, 2012
Table of Contents
| Pages | Title Page | 1 | Table of Contents | 2 | Introduction Introduction History of Meralco | 3 | Problem Statement Problem Statement Aim of Research Paper Objectives of Research Paper Relevance of Research Paper Research Process | 4 | Electric Power Industry Reform Act | 4 | Meralco Pre-EPIRA Data | 6 | Meralco Pre-EPIRA Analysis | 10 | Meralco EPIRA Era Data | 11 | Meralco EPIRA Era Analysis | 13 | Insights | 14 | Conclusions | 14 | References | 16 |
Introduction
Philippine energy and electrification is a national concern. It is the National Government’s duty, responsibility and obligation. This was the primary purpose of Presidential Decree No. 40 (Establishing Basic Policies for the Electric Power Industry) which took effect in 1972. This same PD founded the National Power Corporation (Napocor) as the implementing agency of the state. Napocor acted as the regulator body providing permits to operate to cooperatives, private utilities ad local governments, and other entities. Its main task is to attain total electrification through a series of linked-up generation facilities and power distribution centers.
During this period, Napocor, through former Dean and Finance Minister Cesar Virata took control of Meralco and other power generating companies. This lasted until the Marcos Regime was overthrown and a new constitution was passed in 1988.
In 2001, the Philippine Government enacted Republic Act No. 9136 (EPIRA Law), also called Energy Power Industry Reform Act of 2001. The new law, just like the previous ones, aims to provide better and stricter regulation and government of electricity generation, transmission, distribution and supply. On top of
Prepared for BA 219 Corporate Finance Reporting
Dr. Helena S. Valderrama PhD
Prepared by
Mark Alejo S. Bernal
September 3, 2012
Table of Contents
| Pages | Title Page | 1 | Table of Contents | 2 | Introduction Introduction History of Meralco | 3 | Problem Statement Problem Statement Aim of Research Paper Objectives of Research Paper Relevance of Research Paper Research Process | 4 | Electric Power Industry Reform Act | 4 | Meralco Pre-EPIRA Data | 6 | Meralco Pre-EPIRA Analysis | 10 | Meralco EPIRA Era Data | 11 | Meralco EPIRA Era Analysis | 13 | Insights | 14 | Conclusions | 14 | References | 16 |
Introduction
Philippine energy and electrification is a national concern. It is the National Government’s duty, responsibility and obligation. This was the primary purpose of Presidential Decree No. 40 (Establishing Basic Policies for the Electric Power Industry) which took effect in 1972. This same PD founded the National Power Corporation (Napocor) as the implementing agency of the state. Napocor acted as the regulator body providing permits to operate to cooperatives, private utilities ad local governments, and other entities. Its main task is to attain total electrification through a series of linked-up generation facilities and power distribution centers.
During this period, Napocor, through former Dean and Finance Minister Cesar Virata took control of Meralco and other power generating companies. This lasted until the Marcos Regime was overthrown and a new constitution was passed in 1988.
In 2001, the Philippine Government enacted Republic Act No. 9136 (EPIRA Law), also called Energy Power Industry Reform Act of 2001. The new law, just like the previous ones, aims to provide better and stricter regulation and government of electricity generation, transmission, distribution and supply. On top of
References: Finally, research paper will try to provide its own opinion based on the data, information gathered and results of the analysis. Electric Power Industry Reform Act (RA 9136)