Last 22 October 2019, the Energy Regulatory Commission (ERC) adopted a policy that Distribution Utilities (DUs) with Compliance Filings with a resulting net over-recovery shall be directed to immediately refund the over-recovery.

In compliance with the consequent ERC Case 2017-026-CF Order dated 05 December 2019, Pangasinan I Electric Cooperative (PANELCO I) has implemented directives to fulfill the refund order. Attesting to this are the Electric Cooperative’s (EC) records submitted to the ERC. Hence, the news issuance statement that the EC is yet to refund the amount of PhP24.9M is in urgent need of updating. The most recent reports of PANELCO I show that they have already refunded the amount of PhP18.7M as of April 2022, leaving only the amount of PhP4.6M to be refunded. ###