Cebu City can intervene in Veco power hike bid
The Energy Regulatory Commission granted Cebu city government’s petition to intervene in the Visayan Electric Company’s application passing on to consumers the P34.2 million cost of repair of a transformer damaged by lightning.
In an ERC order dated May 13, 2014 and received by the office of Cebu City Councilor Nestor Archival, the Cebu city government finds it reasonable for the city government to intervene in Veco’s petition.
“The City Council’s committee on energy filed a petition to intervene, for the reason that it has a direct and substantial interest in the subject’s outcome and whose objective is to promote, advance and protect the welfare of its constituency who are consumers of Veco,” Archival said in his Facebook page.
Veco filed on April 7, 2014 a comment saying that the Cebu City government’s petition is lacking in merit but ERC finds it otherwise.
According to ERC, Cebu City government has “substantial interest in the subject matter”.
“It is a local government unit whose objective is to promote, advance, and protect the welfare of its constituency who are consumers of Veco,” the order read.
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