Pagre-report umano ng 2 Chinese official ng NGCP sa Communist Party ng China, inusisa sa kamara

2 days ago

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Transcript

00:00Two Chinese officials of the National Grid Corporation of the Philippines reported to the China Communist Party.

00:10The foreign ownership of the NGCP was also questioned after it violated the law.

00:16Tina Pangaliban Peres witnessed it.

00:22The House Committee on Ways and Means nominated the two Chinese officials

00:27of the National Grid Corporation of the Philippines, or NGCP, to report to the Communist Party of China.

00:35I'm just saying that they reported to the NGCP.

00:38About what's happening in the NGCP?

00:39It's here.

00:40About their management of the NGCP?

00:42Yes.

00:43That's what they're doing?

00:44Um, yeah.

00:45That's suspicious.

00:47They're not—

00:48They shouldn't be doing that.

00:51The committee recommended that the NGCP chairperson be called a Chinese national.

00:57The committee also emphasized the ownership and management of the NGCP.

01:02According to the Constitution, only up to 40% of foreign ownership should be held by any public utility.

01:10But the committee said, aside from 40% of the NGCP, which is owned by the State Grid Corporation of China,

01:18foreign ownership is held by a different percentage.

01:22The Synergy Grid and Development Philippines, which owns 60% of the NGCP,

01:28has more than 7% foreign ownership.

01:32We're also questioning the legality of their stature

01:39because they're violating the law of the PSA and the Constitution

01:46regarding the 60-40 ruling when it comes to public utilities.

01:50The NGCP is also reviewing the payment of taxes.

01:54For now, the NGCP is only paying franchise taxes,

01:59unlike other public utilities that also pay corporate income tax, VAT, and others.

02:06Is that enough to revoke the franchise?

02:09I think there needs to be a reorganization

02:13to reestablish Philippine ownership of NGCP and Filipino management.

02:19We request that NGCP give it time to submit a response to address the concerns of the committee.

02:26The committee is also pushing for a retroactive refund of the National Grid Corporation of the Philippines

02:32to consumers, including the disallowed expenses of the NGCP

02:37and the 3% franchise tax of the NGCP

02:40that was approved by the Energy Regulatory Commission

02:43to be paid to consumers in 2011.

02:48In 2018, the commission reversed the decision,

02:51but the refund was only decided in 2023.

02:56What the committee wants is not only the 204 billion pesos

03:00that the NGCP earned from 2016 to 2020 to be paid to consumers,

03:07but also a retroactive refund of the franchise tax paid to consumers since 2011.

03:15It's almost 3 billion pesos,

03:17the franchise tax to ordinary consumers.

03:24But it looks like the PRC is not amenable

03:26because they said that their resolution is for 2023 onwards.

03:30We suspended the passing on of charges moving forward,

03:34so from the August 2023.

03:37What is the rule of the city if you can consider that it should be retroactive?

03:42We will resume our discussions on that, Mr. Chair.

03:45The Energy Regulatory Commission clarified that if there is one,

03:49it will not be a refund,

03:51but a rebate to the electricity bill of the consumer

03:54based on the computation of the actual consumption of electricity.

03:59For GMA Integrated News,

04:01I am Tina Panganiban Perez,

04:03your witness.

Pagre-report umano ng 2 Chinese official ng NGCP sa Communist Party ng China, inusisa sa kamara | Saksi

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