psalm.gov.ph ACRM True... · y Republic of the Philippines ENERGI REGULATORY COMMISSION Pacific Center Building, San Miguel Avenue Ortigas Center, Pasig City FEA 1 1017 PROPOSED RULES

y

Republic of the Philippines

ENERGI REGULATORY COMMISSION

Pacific Center Building, San Miguel AvenueOrtigas Center, Pasig City

FEA 1 1017PROPOSED RULES FOR THE c r S

AUTOMATIC RECOVERY OF

PQWER SECTOR ASSETS AND

LIABILITIES MANAGEMENT

PS LfM) CORPORATION

GENERATION ASSETS'

MONTHLY FUEL, PURCFiASED

POWER AND FOREIGN

EXCHANGE- RELATED COSTS

ERC CASE NO. 2008- 019RM

POWER SECTOR ASSETS

AND LIABILITIES MANAGEMENT

CORPORATION ( PSALM)

Applicant

x----------------------------------------------------- x

COMPLIANCE

In compliance with Energy Regulatory Commission (ERC)

Resolution No. 19, Series of 2009, entitled "A Resolution Adopting theRules for the Automatic Recovery of Monthly Fuel and PurchasedPower Costs and Foreign- Exchange Related Costs by the NationalPower Corporation (NPC)", as amended by ERC Resolution No. 25,Series of 2009, the POWER SECTOR ASSETS AND LIABILITIESMANAGEMENT ( PSALM) CORPORATION, through fihe undersigned

counsel anr to the Honorable Commission, most respectfully submits

the following documentary compliance for the month of JANUARY2017:

1) Certificate of Posting in the PSALM website of the zero ( 0) Fueland Purchased Power Costs Adjustment ( FPPCA) and Foreign

Exchange-Related Costs Adjustment ( FxA) under the monthlyAutomatic Cost Adjustment ( ACA) in the Luzon, Visayas and

Mindanao Grids for January 2017 billing period ( Annex A);

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2) Unbundled Debt Service and Insurance Payments for January

2017 billing period ( Annex B);

3) Summary of Energy Sales for the billing period of December2016 (Annex C);

4) Purchased Power Costs (PPC) Disbursement Vouchers and

supporting documents for the Automatic Costs AdjustmentsACA) True- Up Adjustment:

4. 1 PPC Vouchers for the 26 October 2016 to 25 November I

2016 billing period (Annex D and Series); I

4. 2 PPC Adjustment Vouchers for the 26 March 2016 to 25September 2016 billing period ( Annex E and Series);

4. 3 PPC Adjustment Vouchers for CY 2013-2014 (Annex F);

5) Fuel Inventory Reports to support the ACA true-up Adjustment:

5. 1 26 January 2016 to 25 February 2016 (Annex G- 1);

5. 2 26 December 2015 to 25 January 2016 ( Annex G- 2);

PRAYER

WHE tEFORE, it is most respectfully prayed of this HonorableCommission that this Compliance be duly NOTED.

Other reliefs as may be deemed just and equitable under thepremises are likewise prayed for.

Makati City for Pasig City, 15 February 2017.

signatures on the following page-

2

1 . . , _ . ., .

liLADA ,, R.

Vice President and General Counsel

IBP No. 1060263 ( 01- 06-2017, Quezon City)MCLE Compliance No. V-0005505 ( 01- 14- 15)

Roll of Attorney No. 30354

GEO DL. MASANCAY

O/ C Corporate Legal Counsel

IBP No. 1060264 ( 01- 06- 2017, Quezon City)MCLE Compliance No. V-0012426 ( 12- 10- 15)


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MARNI BENJAMIN V. MAMARIL

Acting Corporate Legal CounselLRN 07051 ( 12- 19- 2007, CALMANA)

MCLE Compliance No. V-0012826 (01- 07- 16)


0

GRET( HEN D_ LAMAYAN

Corporate AttorneyIBP No. 1060266 ( 01- 06-2017, Cebu City)



POWER SECTOR ASSETS AND LIABILITIESMANAGEMENT CORPORATION

7th Floor, Bankmer Building6756 Ayala Avenue, Makati City

Telefax: (632) 840-3960

E- mail: mardelacruz(a psalm.qov.ph

3

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ENERGY R GULATORY COMMISSION

Pacific Center Building, San Miguel AvenueOrtigas Cer,ter, Pasig City

PROPOSED RULES FOR THE

AUTOMATIC RECOVERY OF p

POWER SECTOR ASSETS AND

LtABILITIES MANAGEMENT

PSALM) CORPORATION

GENERATION ASSETS'

MONTHLY FUEL, PURCHASED

POWER AND FOREIGN



POWER SECTOR ASSETS



Applicant

x----------------------------------------------------- x

COMPLIANCE

In compliance with Energy Regulatory Commission ( ERC) ResolutionNo. 19, Series of 2009, entitled " A Resolution Adopting the Rules for theAutomatic Recovery of Monthly Fuel and Purchased Power Costs andForeign- Exchange Related Costs by the National Power CorporationNPC)", as amended by ERC Resolution No. 25, Series of 2009, the

POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT ( PS 1LM)CORPORATION, through the undersigned counsel and to the HonorableCommission, most respectfully submits the following documentarycompliance for the month of FEBRUARY 2017:

1) Certificate of Posting in the PSALM website of the zero ( 0) Fuel andPurchased Power Costs Adjustment (FPPCA) and Foreign

Exchange- Related Costs Adjustment (FxA) under the monthlyAutomatic Cost Adjustment ( ACA) in the Luzon, Visayas and

Mindanao Grids for February 2017 billing period ( Annex A);

2) Unbundled Debt Service and Insurance Payments for February 2017billing period ( Annex B);

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iC + z' 1;. rir> frince fc i ! ft< rr orltl' t{ t b zleuy:'(') 7

3) Summary of Energy Sales for the billing period of January 2017Annex C);

4) Purchased Power Costs ( PPC) Disbursement Vouchers and

supporting documents for the Automatic Costs Adjustments ( ACA)True- Up Adjustment:

4. 1 PPC Vouchers for the 26 November 2016 to 25 December 2016

billing period (Annex D and Series);

4. 2 PPC Vouchers for the 26 October 2016 to 25 November 2016

billing period ( Annex E);

4. 3 PPC Vouchers for the 26 March 2016 to 28 April 2016 billingperiod ( Annex F and Series);

4.4 PPC Adjustment Vouchers for the 26 September 2016 to 25

October 2016 billing period (Annex G);

4. 5 PPC Adjustment Vouchers for the 25 February 2016 to 28 April2016 billing period ( Annex H);

4.6 PPC Adjustment Vouchers for March 2015 to August 2015 billingperiod ( Annex I);

4. 7 PPC Adjustment Vouchers for 25 April 2014 to 25 May 2014billing period ( Annex J);

4. 8 PPC Adjustment Vouchers for CY 2013-2014 (Annex K);

4. 9 PPC Adjustment Vouchers for November 2011 ( Annex L);

PRAYER

WHEREFORE, it is most respectfully prayed of this Honorable

Commission that this Compliance be duly NOTED.

Other reliefs as may be deemed just and equitable under the premisesare likewise prayed for.

Makati City for Pasig City, 15 March 2017.


2

AC; r' 1t 9 Con Erlr3nce c r thie rrrn ath ol F> hr lary' Q9i'

1/

ECILI4 B. ELLADl, JR.




GEOFFR L. MASANCAY

OIC Cor orate Legal Counsel

IBP No. 1060264 ( 01- 06- 2017, Quezon City)MCLE Compliance No. V-0012426 ( 12- 10- 15)

R II of Attorney No. 52696

MARNI BENJAMIN V. MAMARIL

OIC Corporate Legal Counsel

LRN 07051 (12- 19- 2007, CALMANA)

MCLE Compliance No. V-0012826 ( 01- 07- 16)


GR CHEN LA AYAN


MCLE Compliance No. V-0003592 ( 09-08- 14)


POWER SE TOR ASSETS AND LIABILITIESMANAGEMENT CORPORATION

3 d Floor, TRANSCO BuildingPower Center, Diliman, Quezon CityE- mail: mardelacruz(a psalm..qov.ph

3


ENERGY REGULATORY COMMISSION



AUTOMATIC RECOVERY OF

POWER SECTOR ASSETS AND


PSALM) CORPORATION

GENERATION ASSETS' APR 1 7_ ZO iMONTHLY FUEL, PURCHASED

POWER AND FOREIGN



POWER SECTOR ASSETS



Applicant

x----------------------------------------------------- x

COMPLIANCE


Resolution No. 19, Series of 2009, entitled "A Resolution Adopting theRules for the Automatic Recovery of Monthly Fuel and PurchasedPower Costs and Foreign- Exchange Related Costs by the NationalPower Corporation (NPC)", as amended by ERC Resolution No. 25,

Series of 2009, the POWER SECTOR ASSETS AND LIABILITIES

MANAGEMENT (PSALM) CORPORATION, through the undersigned

counsel and to the Honorable Commission, most respectfully submitsthe following documentary compliance for the month of MARCH 2O17:

1 ) Certificate of Posting in the PSALM website of the zero ( 0) Fuel

and Purchased Power Costs Adjustment (FPPCA) and Foreign

Exchange- Related Costs Adjustment ( FxA) under the monthlyAutomatic Cost Adjustment (ACA) in the Luzon, Visayas and

Mindanao Grids for March 2017 billing period (Annex A);

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ACRM Corrrpbancc fur tl ze month of March 2017

2) Unbundled Debt Service and Insurance Payments for March

2017 billing period ( Annex B);

3) Summary of Energy Sales for the billing period of February 2017An nex C);



4. 1 PPC Vouchers for the 26 December 2016 to 25 January2017 billing period ( Annex D and Series);

4. 2 PPC Vouchers for the 26 October 2016 to 25 November

2016 billing period ( Annex E and Series);

4. 3 PPC Vouchers for the 26 September 2016 to 25 October

2016 billing period (Annex F);

4.4 PPC Voucher for the 26 July 2016 to 25 August 2016 billingperiod (Annex G);

4. 5 PPC Adjustment Voucher for the 26 October 2016 to 25

November 2016 billing period ( Annex H);

4. 6 PPC Adjustment Voucher for the 26 May 2016 to 25 June2016 billing period (Annex I);

4. 7 PPC Adjustment Voucher for the 25 February 2016 to 28April 2016 billing period ( Annex J);

4. 8 PPC Adjustment Voucher for November 8- 9, 2011 Period IAnnex K);

5) Fuel Inventory Reports to support the ACA True- Up Adjustment:

5. 1 26 March 2016 to 25 April 2016 (Annex L and Series);

5. 2 26 February 2016 to 25 March 2016 (Annex M);

2

ACRftA Co nf L, nce fa tl e mvnth of March 2017

PRAYER

WHEREFORE, it is most respectfully prayed of this HonorableCommission that this Compliance be duly NOTED.


Quezon City for Pasig City, 12 April 2017.


w

3

CILIO . LLADA, .


IBP No. 1060263 ( 01- 06-2017, Quezon City)MCLE Compliance No. V-0005505 (01- 14- 15)


GEOFFRY L. MASANCAY

Acting Cor orate Legal CounselIBP No. 1060264 (01- 06- 2017, Quezon City)



Y-

MARIA ILYN . G RONIMO-ALBITO

Corporate AttorneyIBP No. 1060265 ( 01- 06- 17, RSM)



GRETCHEN D. LAMAYAN




POWER SECTOR ASSETS AND LIABILITIES

MANAGEMENT CORPORATION

3rd Floor, TRANSCO BuildingPower Complex, Quezon City

Telefax: (632) 7395253

E- mail: mardelacruz(c psalm.gov.ph

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Pacific Center Building, San Miguel AvenueOrtigas Center, Pasig City , 4E: cY ; FCu,,>;- r O r"N k tii Jf.

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fir h 1 . li PROPOSED RULES FOR THE i'

AUTOMATIC RECOVERY OFI I ' `' ' - ' `

F

POWER SECTOR ASSETS ANDt s , . d , r


PSALM) CORPORATION

GENERATION ASSETS'


POWER AND FOREIGN



POWER SECTOR ASSETS



Applicant

x----------------------------------------------------- x

COMPLIANCE


Resolution No. 19, Series of 2009, entitled "A Resolution Adopting theRules fior the Automatic Recovery of Monthly Fuel and PurchasedPower Costs and Foreign- Exchange Related Costs by the NationalPower Corporation (NPC)", as amended by ERC Resolution No. 25,

Series of 2009 and ERC Order dated 28 June 2016, the POWER

SECTQR ASSETS AND LIABILITIES MANAGEMENT (PSALM)

CORPORATION, through the undersigned counsel and to the

Honorable Commission, most respectfully submits the followingdocum ntary compliance for the month of APRIL 2017:

1 ) Certificate of Posting in the PSALM website of the zero ( 0) Fuel

and Purchased Power Costs Adjustment ( FPPCA) and Foreign


Mindanao Grids for April 2017 billing period ( Annex A);

06G 1l- OS- 043

I

2) Unbundled Debt Service and Insurance Payments for April 2017

billing period ( Annex B);

3) Summary of Energy Sales for the billing period of March 2017Annex C);



4. 1 PPC Vouchers for the 26 January 2017 to 25 February 2017billing period ( Annex D and Series);

4. 2 PPC Voucher for the 26 December 2016 to 25 January 2017billing period ( Annex E);

4. 3 PPC Adjustment Voucher for the 26 November 2016 to 25

December 2016 billing period ( Annex F)

PRAYER

WHEREFORE, it is most respectfully prayed of this HonorableCommission that this Compliance be duly NOTED.


Quezon City for Pasig City, 15 May 2017.


2

i

rr ..,.':

f .... :, t, r, . . „ Jc;

CILIO .

Av2,.Vice President and Genera/ Counse/

IBP No. 1060263 (01- 06-2017, Quezon City) MCLE Compliance No. V-0005505 ( 01- 14- 15)


I

GE CSL. MASANCAYI

Acting C rporate Legal CounselIBP No. 1060264 ( 01- 06-2017, Quezon City)



MARIA ILYN C. GERONIMO-ALBITO

Corporate AttorneyIBP No. 1060265 (01- 06- 17, RSM)



GRETCHEN D. LAMAYAN




POWER SECTOR ASSETS AND LIABILITIESMANAGEMENT CORPORATION


Telefax: (632) 7395253

E- mail: mardelacruz psalm.qov.ph

I

I3

ILE C Y





AUTOMATIC RECOVERY OF 1; 7

POWER SECTOR ASSETS AND 6 1


PSALM) CORPORATION

GENERATION ASSETS'


POWER AND FOREIGN



POWER SECTOR ASSETS


PSALM) CORPORATION

Applicant

x----------------------------------------------------- x

COMPLIANCE


Resolution No. 19, Series of 2009, entitled "A Resolution Adopting theRules for the Automatic Recovery of Monthly Fuel and PurchasedPower Costs and Foreign- Exchange Related Costs by the NationalPower Corporation ( NPC)", as amended by ERC Resolution No. 25,

Series of 2009 and ERC Order dated 28 June 2016, the POWER

SECTOR ASSETS AND LIABILITIES MANAGEMENT (PSALM)

CORPORATION, through the undersigned counsel and to the

Honorable Commission, most respectfully submits the followingdocumentary compliance for the month of SEPTEMBER 2017:

1 ) Certificate of Posting in the PSALM website of the zero (0) Fuel i

and Purchased Power Costs Adjustment ( FPPCA) and Foreign I


Mindanao Grids for September 2017 billing period (Annex " A");

06C/ °' 0 13

ACRM Compliance for the month of September 2017

2) Unbundled Debt Service and Insurance Payments for

September 2017 billing period ( Annex " B"); and

3) Summary of Energy Sales for the billing period of August 2017Annex " C");

PRAYER

WHEREFORE, it is most respectfully prayed to this HonorableCommission that this Compliance be duly NOTED.


Quezon City for Pasig City, 18 October 2017.


2

ACRM Compliance for the month of September 2017

GEOFFRY DL. MASANCAY

Office- in- Charge

Office of the Vice-President and General Counsel



MARIA ILYN C. GERONIMO-ALBITO

Corporate AttorneyIBP No. 1060265 (01- 06- 17, RSM)



L RLADE

Corporate AttorneyIBP Lifetime No. 012817



POWER SECTOR ASSETS AND LIABILITIES

MANAGEMENT CORPORATION


Telefax: (632) 7395253

E- mail: mardelacruz(a psalm.gov.ph

3

Power Sector Assets and Liabilities Management Corporation

TSC/ CSEE ENERGY SALES RATIO A1111@X BJanuary to December 2017

LUZON

TSC/ CSEE Energy Sales( CBK) kWh 675, 287. 00 698, 988. 00 561, 264. 00 712, 145. 00 659, 232. 00 653, 886. 00

Net Total Energy Sales( Net of Malaya Energ kWh 180, 309, 147. 60 184, 269, 874. 50 133, 258, 578. 30 149, 718, 894. 20 143, 512, 997. 60 145, 160, 555. 99

TSC/ CSEE Energy5ales Ratio 0. 3745% 0. 3793% 0. 4212% 0. 4757% 0. 4594% 0.4505%

VISAYAS

TSC/ CSEE Energy Sales kWh 348, 788. 30 656, 797. 00 575, 378. 06 492, 988. 00 619, 903. 00 603, 281. 99

Total Energy Sales kWh 166, 479, 315. 56 174, 921, 320. 94 174, 879, 688. 79 186, 907, 787. 16 174, 670, 700. 69 154, 274, 102. 62

TSC/ CSEE Energy Sales Ratio 0. 2095% 0. 3755% 0. 3290% 0. 2638% 0. 3549% 0. 3910%

MINDANAO

TotalEnergy Sales kWh 467, 653, 837. 31 440, 908, 615. 36 390, 864, 189. 66 394, 314, 180. 60 335, 839, 601. 72 366, 546, 615. 28

Regular TSC/ CSEE Energy Sales Ratio 100. 00% 100. 00% 100. 00% 100. 00% 100. 00% 100. 00%

LUZON

TSC/ CSEE Energy Sales( CBK) kWh 524, 342. 00 546, 816. 00 546, 742. 00 597, 938. 00 717, 643. 00 681, 833. 00 7, 576, 116. 00

Net Total Energy Sales( Net of Malaya Energ kWh 115, 648, 625. 00 139, 469, 866. 00 183, 884, 163. 80 170, 317, 685. 60 229, 858, 037. 10 187, 780, 586. 70 1, 963, 189, 012. 39

TSC/ CSEE Energy SalesRatio 0. 4534% 0. 3921% 0. 2973% 0. 3511% 0. 3122% 0. 3631% 0. 3859%

VISAYAS

TSC/ CSEE Energy Sales kWh 313, 272. 75 520, 901. 61 482, 471. 00 430, 273. 55 495, 560. 38 517, 293. 97 6, 056, 909. 61

Total Energy Sales kWh 62, 919, 213. 46 32, 788, 337. 95 83, 070, 102. 69 182, 765, 653. 85 200, 603, 262. 38 153, 438, 094. 83 1, 747, 717, 580. 92

TSC/ CSEE Energy SalesRatio 0. 4979% 1. 5887% 0. 5808% 0. 2354% 0. 2470% 0. 3371% 0. 3466%

MINDANAO

Total Energy Sales kWh 336, 948, 592. 51 337, 027, 577. 93 357, 809, 080. 89 324, 926, 274. 98 327, 990, 270. 41 349, 784, 004. 11 4, 430, 612, 840. 76

RegularTSC/ CSEE Energy Sales Ratio 100. 00% 100. 00% 100. 00% 100. 00% 100. 00% 100. 00% 100. 00%

Prepared by: Checked by: Reviewed by: Approved by:

R

t,.Pr.-

VE . APO TOL ROCH LLE V. MORENO LUISA A. ESTEBAN LO RDES S. ALZ N, GJ,Ianc eciatist Divisio Mana er Department Manager Vi- e- President "P

FVTD- UCAD FVTD- CAD UCAD F nance Group

Power Sector Assets and Liabi(ities Management Corporation AN N EX B 1Monthly Energy Sales Per Plant Per Grid( In kWh)For the period ended 26 December 2016- 25 December 2017

26 December 2016- 25 January 2017 26 January- 25 February 2017 26 February- 25 March 2017

TSC WESM Total TSC WESM Total TSC WESM Total

Hedcor-Ampohaw 1, 655, 441. 58 845. 12 1, 656, 286. 70 1, 762, 069. 73 3, 455. 48 1, 765, 525. 20 1, 952, 849. 61 54. 91 1, 952, 904. 52

NMHC- Bakun 1, 529, 618. 03 780. 88 1, 530, 398. 91 2, 375, 036. 11 4, 657. 52 2, 379, 693. 63 3, 951, 377. 86 111. 09 3, 951, 488. 96

Casecnan 25, 629, 850. 85 29, 071, 315. 80 54, 701, 166. 65 24, 020, 460. 56 25, 271, 942. 20 49, 292, 402. 76 13, 409, 052. 52 12, 776, 783. 90 26, 185, 836. 42

Malaya 1, 823, 496. 00 1, 823, 496. 00 12, 752, 316. 00 12, 752, 316. 00 24, 461, 700. 00 24, 461, 700. 00

Botocan 1, 478, 011. 72 5, 708, 034. 00 7, 186, 045. 72 1, 472, 071. 69 4, 874, 391. 00 6, 346, 462. 69 4, 753, 093. 40 957, 384. 00 5, 710, 477. 40

Caliraya 138, 393. 54 8, 622, 201. 80 8, 760, 595. 34 987, 364. 01 7, 712, 209. 90 8, 699, 573. 91 1, 932, 434. 67 6, 926, 676. 00 8, 859, 110. 67

Kalayaanlfxll 63, 320. 99 42, 965, 014. 80 43, 028, 335. 79 141, 845. 63 37, 431, 690. 70 37, 573, 536. 33 165, 519. 24 11, 041, 481. 00 11, 207, 000. 24

Kalayaan III 8 IV 85, 527. 28 63, 360, 791. 20 63, 446, 318. 48 342, 118. 27 77, 870, 561. 70 78, 212, 679. 97 1, 940, 757. 70 73, 451, 002. 40 75, 391, 760. 10

LUZON 30, 580, 164. 00 151, 552, 479. 60 182, 132, 643. 60 31, 100, 966. 00 165, 921, 224. 50 197, 022, 190. 50 28, 105, 085. 00 129, 615, 193. 30 157, 720, 278. 30

Unified Leyte 348, 788. 30 166, 130, 527. 26 166, 479, 315. 56 656, 797. 00 174, 264, 523. 94 174, 921, 320. 94 575, 378. 06 174, 304, 310. 73 174, 879, 688. 79

VISAYAS 348, 788. 30 166, 130, 527. 26 166, 479, 315. 56 656, 797. 00 174, 264, 523. 94 174, 921, 320. 94 575, 378. 06 174, 304, 310. 73 174, 879, 688. 79

Agus 1 8 2 96, 692, 291. 62 96, 692, 291. 62 91, 767, 529. 90 91, 767, 529. 90 74, 465, 120. 37 74, 465, 120. 37

Agus 4& 5 87, 347, 957. 61 87, 347, 957. 61 97, 809, 955. 22 97, 809, 955. 22 83, 605, 786. 30 83, 605, 786. 30

Agus 6 x 7 76, 882, 507. 55 76, 882, 507. 55 57, 504, 189. 07 57, 504, 189. 07 42, 324, 583. 58 42, 324, 583. 58

Putangui4 80, 440, 709. 88 80, 440, 709. 88 78, 115, 913. 95 78, 115, 913. 95 75, 989, 019. 70 75, 989, 019. 70

Mount Apo Geo I

Mount Apo Geo II

Mindanao Coal 126, 290, 370. 64 126, 290, 370. 64 115, 711, 027. 23 115, 711, 027. 23 114, 479, 679. 72 114, 479, 679. 72

MINDANAO 467, 653, 837. 31 467, 653, 837. 31 440, 908, 615. 36 440, 908, 615. 36 390, 864, 189. 66 390, 864, 189. 66

TOTAL PHILIPPINES 498, 582, 789. 61 317, 683, 006. 86 816, 265, 796. 47 472, 666, 378. 36 340, 185, 748. 44 812, 852, 126. 80 419, 544, 652. 72 303, 919, 504. 03 723, 464, 156. 75

Page 1 of 5


Monthly Energy Sales Per Plant Per Grid( In kWh)For the period ended 26 December 2016- 25 December 2017

26 March- 25 April 2017 26 April- 25 May 2017 26 May- 25 June 2017

TSC WESM Total TSC WESM Total TSC WESM Totat

Hedcor-Ampohaw 2, 048, 586. 94 52. 23 2, 048, 639. 17 5, 053, 511. 09 49, 246. 73 5, 102, 757. 83 3, 502, 409. 11 5, 080, 595. 83 8, 583, 004. 94

NMHC- Bakun 3, 755, 901. 14 95. 77 3, 755, 996. 90 3, 401, 712. 40 33, 149. 87 3, 434, 862. 26 3, 069, 525. 12 4,452, 654. 17 7, 522, 179. 29

Casecnan 13, 905, 194. 38 6, 644, 559. 30 20, 549, 753. 68 12, 902, 488. 76 8, 826, 575. 50 21, 729, 064. 26 4, 174, 020. 61 19, 349, 333. 50 23, 523, 354. 11

Malaya 63, 536, 028. 00 63, 536, 028. 00 77, 086, 860. 00 77, 086, 860. 00 12, 159, 288. 00 12, 159, 288. 00

Botocan 3, 946, 446. 43 1, 561, 770. 00 5, 508, 216. 43 4, 336, 062. 08 250, 290. 00 4, 586, 352. 08 1, 259, 035. 04 3, 131, 586. 00 4, 390, 621. 04

Caliraya 2, 216, 560. 42 6, 275, 630. 00 8, 492, 190. 42 1, 264, 127. 89 6, 210, 588. 90 7, 474, 716. 79 319, 976. 45 7, 976, 883. 40 8, 296, 859. 85

Kalayaanl & II 181, 753. 12 40, 982, 763. 30 41, 164, 516. 42 506, 880. 37 39, 443, 176. 00 39, 950, 056. 37 39, 564, 820. 00 39, 564, 820. 00

Kalayaan ill 8 IV 6, 345, 463. 59 61, 854, 117. 60 68, 199, 581. 19 8, 375, 649. 41 52, 859, 538. 60 61, 235, 188. 01 565, 945. 17 52, 713, 771. 60 53, 279, 716. 77

LUZON 32, 399, 906. 00 180, 855, 016. 20 213, 254, 922. 20 35, 840, 432. 00 184, 759, 425. 60 220, 599, 857. 60 12, 890, 911. 49 144, 428, 932. 50 157, 319, 843. 99

Unified Leyte 492, 988. 00 186, 414, 799. 16 186, 907, 787. 16 619, 903. 00 174, 050, 797. 69 174, 670, 700. 69 603, 281. 99 153, 670, 820. 63 154, 274, 102. 62

VISAYAS 492, 988. 00 186, 414, 799. 16 186, 907, 787. 16 619, 903. 00 174, 050, 797. 69 174, 670, 700. 69 603, 281. 99 153, 670, 820. 63 154, 274, 102. 62

Agus1 8 2 86, 761, 054. 65 86, 761, 054. 65 79, 594, 702. 96 79, 594, 702. 96 82, 750, 115. 50 82, 750, 115. 50

Agus 4 8 5 83, 786, 078. 25 83, 786, 078. 25 89, 739, 773. 53 89, 739, 773. 53 79, 626, 422. 58 79, 626, 422. 58

Agus 6 fx 7 61, 361, 742. 34 61, 361, 742. 34 56, 377, 144. 58 56, 377, 144. 58 52, 908, 349. 35 52, 908, 349. 35

Pulangui4 50, 314, 088. 81 50, 314, 088. 81 5, 483, 419. 46 5, 483, 419. 46 43, 354, 067. 48 43, 354, 067.48

Mount Apo Geo I

Mount Apo Geo II

Mindanao Coal 112, 091, 216. 55 112, 091, 216. 55 104, 644, 561. 19 104, 644, 561. 19 107, 907, 660. 36 107, 907, 660. 36

MINDANAO 394, 314, 180. 60 394, 314, 180. 60 335, 839, 601. 72 335, 839, 601. 72 366, 546, 615. 28 366, 546, 615. 28


Page 2 of 5


Monthly Energy Sales Per Plant Per Grid( In kWh)For the period ended 26 December 2016- 25 December 2017

26 June- 25 July 2017 26 July- 25 August 2017 26 August- 25 September 2017

TSC WESM Total TSC WESM Total TSC WESM Total

Hedcor-Ampohaw 45, 236. 09 6, 832, 453. 65 6, 877, 689. 74 11, 489, 565. 72 11, 489, 565. 72 142, 341. 65 10, 334, 421. 26 10, 476, 762. 91

NMHC- Bakun 48, 834. 36 7, 375, 936. 35 7, 424,770. 70 7, 712, 806. 28 7, 712, 806. 28 107, 167. 41 7, 780, 668. 14 7, 887, 835. 54

Casecnan 137, 256. 56 20, 908, 224. 00 21, 045, 480. 56 53, 672, 448. 00 53, 672, 448. 00 995, 938. 95 73, 377, 600. 00 74, 373, 538. 95

Malaya 43, 370, 352. 00 43, 370, 352. 00 5, 021, 784. 00 5, 021, 784. 00

Botocan 3, 848, 922. 00 3, 848, 922. 00 2, 677, 230. 00 2, 677, 230. 00 3, 488, 490. 00 3, 488, 490. 00

Caliraya 48, 800. 00 9, 814, 680. 00 9, 863, 480. 00 49, 200. 00 9, 823, 760. 00 9, 872, 960. 00 42, 800. 00 10, 791, 138. 40 10, 833, 938. 40

Kalayaanlftll 379, 743. 00 52, 792, 740. 00 53, 172, 483. 00 464, 585. 00 49, 993, 736. 00 50, 458, 321. 00 429, 079. 00 64, 997, 984. 00 65, 427, 063. 00

Kalayaan III & IV 95, 799. 00 13, 320, 000. 00 13, 415, 799. 00 33, 031. 00 3, 553, 504. 00 3, 586, 535. 00 74, 863. 00 11, 321, 672. 00 11, 396, 535. 00

LUZON 755, 669. 00 114, 892, 956. 00 115, 648, 625. 00 546, 816. 00 182, 293, 402. 00 182, 840, 21H. 00 1, 792, 190. 00 187, 113, 757. 80 188, 905, 947. 80

Unified Leyte 313, 272. 75 62, 605, 940. 71 62, 919, 213. 46 520, 901. 61 32, 267, 436. 34 32, 788, 337. 95 482, 471. 00 82, 587, 631. 69 83, 070, 102. 69

VISAYAS 313, 272. 75 62, 605, 940. 71 62, 919, 213. 46 520, 901. 61 32, 267, 436. 34 32, 788, 337. 95 482, 471. 00 82, 587, 631. 69 83, 070, 102. 69

Agus 1 8 2 80, 815, 546. 07 80, 815, 546. 07 85, 663, 079. 65 85, 663, 079. 65 65, 847, 012. 99 65, 847, 012. 99

Agus 4 8 5 58, 636, 548. 38 58, 636, 548. 38 89, 215, 040. 04 89, 215, 040. 04 71, 242, 158. 95 71, 242, 158. 95

Agus b fx 7 61, 489, 881. 97 61, 489, 881. 97 64, 490, 192. 96 64, 490, 192. 96 64, 888, 005. 31 64, 888, 005. 31

Pulangui4 50, 423, 637. 47 50, 423, 637. 47 70, 774, 364. 44 70, 774, 364. 44 56, 927, 225. 98 56, 927, 225. 98

Mount Apo Geo I

Mount Apo Geo II

Mindanao Coal 85, 582, 978. 63 85, 582, 978. 63 26, 884, 900. 85 26, 884, 900. 85 98, 904, 677. 67 98, 904, 677. 67

MINDANAO 336, 948, 592. 51 336, 948, 592. 51 337, 027, 577. 93 337,027, 577. 93 357, 809, 080. 89 357, 809, 080. 89


Page 3 of 5

r


Monthly Energy Sales Per Ptant Per Grid( In kWh)For the period ended 26 December 2016- 25 December 2017

26 September- 25 October 2017 26 October- 25 November 2017 26 November- 25 December 2017

TSC WESM Total TSC WESM Tota( TSC WESM Total

Hedcor- Ampohaw 105, 416. 99 8, 776, 712. 25 8, 882, 129. 24 135, 736. 45 5, 590, 107. 57 5, 725, 844. 01 28, 880. 87 2, 860, 120. 60 2, 889, 001. 47

NMHC- Bakun 85, 270. 51 7, 099, 374. 95 7, 184, 645. 46 119, 854. 10 4, 936, 016. 13 5, 055, 870. 23 29, 894. 73 2, 960, 524. 90 2, 990, 419. 63

Casecnan 783, 520. 50 65, 576, 640. 00 66, 360, 160. 50 2, 013, 225. 46 83, 720, 698. 00 85, 733, 923. 46 473, 627. 41 47, 873, 664. 00 48, 347, 291. 41

Malaya 5, 290, 776. 00 5, 290, 776. 00 22, 945, 456. 80 22, 945, 456. 80

Botocan 5, 006, 934. 00 5, 006, 934. 00 6, 076, 926. 00 6, 076, 926. 00 6, 930, 594. 00 6, 930, 594. 00

Caliraya 52, 000. 00 5, 633, 454. 40 5, 685, 454. 40 47, 200. 00 7, 175, 466. 40 7, 222, 666. 40 50, 800. 00 8, 968, 871. 20 9, 019, 671. 20

Kalayaanl& II 419, 220. 00 58, 872, 368. 00 59, 291, 588. 00 304, 704. 00 54, 219, 884. 00 54, 524, 588. 00 355, 515. 00 65, 918, 304. 00 66, 273, 819. 00

Kalayaan IIIExIV 126, 718. 00 17, 780, 056. 00 17, 906, 774. 00 365, 739. 00 65, 152, 480. 00 65, 518, 2t9. 00 275, 518. 00 51, 054, 272. 00 51, 329, 790. 00

LUZON 1, 572, 146. 00 174, 036, 315. 60 175, 608, 461. 60 2, 986, 459. 00 249, 817, 034. 90 252, 803, 493. 90 1, 214, 236. 00 186, 566, 350. 70 187, 780, 586. 70

Unified Leyte 430, 273. 55 182, 335, 380. 30 182, 765, 653. 85 495, 560. 38 200, 107, 702. 00 200, 603, 262. 38 517, 293. 97 152, 920, 800. 86 153, 438, 094. 83

VISAYAS 430, 273. 55 182, 335, 380. 30 182, 765, 653. 85 495, 560. 38 200, 107, 702. 00 200, 603, 262. 38 517, 293. 97 152, 920, 800. 86 153, 438, 094. 83

Agus1 Fx 2 49, 065, 250. 00 49, 065, 250. 00 51, 237, 687. 54 51, 237, 687. 54 70, 322, 193. 24 70, 322, 193. 24

Agus 4& 5 61, 845, 157. 83 61, 845, 157. 83 69, 457, 017. 41 69, 457, 017. 41 66, 900, 546. 40 66, 900, 546. 40

Agus 6 fx 7 54, 883, 681. 68 54, 883, 681. 68 45, 759, 644. 25 45, 759, 644. 25 65, 261, 127. 57 65, 261, 127. 57

Putangui4 59, 810, 621. 87 59, 810, 621. 87 65, 869, 079. 29 65, 869, 079. 29 57, 381, 426. 74 57, 381, 426. 74

Mount Apo Geol 3, 944, 065. 94 3, 944, 065. 94

Mount Apo Geoll 1, 004, 721. 26 1, 004, 721. 26

Mindanao Coal 99, 321, 563. 60 99, 321, 563. 60 95, 666, 841. 93 95, 666, 841. 93 84, 969, 922. 97 84, 969, 922. 97

MINDANAO 324, 926, 274. 98 324, 926, 274. 98 327, 990, 270. 41 327, 990, 270. 41 349, 784, 004. 11 349, 784, 004. 11


Page 4 of 5


Monthty Energy Sales Per Plant Per Grid( In kWh)For the period ended 26 December 2016- 25 December 2017

26 December 2016- 25 December 2017

TSC WESM Total

Hedcor-Ampohaw 16, 432, 480. 10 51, 017, 631. 35 67, 450, 111. 45

NMHC- Bakun 18, 474, 191. 74 42, 356, 776. 05 60, 830, 967. 79

Casecnan 98, 444,636. 54 447, 069, 784. 20 545, 514, 420. 74

Malaya 268, 448, 056. 80 268, 448, 056. 80

Botocan 17, 244, 720. 37 44, 512, 551. 00 61, 757, 271. 37

Caliraya 7, 149, 656. 98 95, 931, 560. 40 103, 081, 217. 38

Katayaanl & II 3, 412, 165. 35 558, 223, 961. 80 561, 636, 127. 15

Kalayaan ill & IV 18, 627, 129. 41 544, 291, 767. 10 562, 918, 896. 51

LUZON 179, 784, 980. 49 2, 051, 852, 088. 70 2, 231, 637, 069. 19

Unified Leyte 6, 056, 909. 61 1, 741, 660, 671. 31 1, 747, 717, 580. 92

VISAYAS 6, 056, 909. 61 1, 741, 660, 671. 31 1, 747, 717, 580. 92

Agus1 ft 2 914, 981, 584. 47 914, 981, 584. 47

Agus 4& 5 939, 212, 442. 50 939, 212, 442. 50

Agus 6 ft 7 704, 131, 050. 20 704, 131, 050. 20

Pulangui4 694, 883, 575. 05 694, 883, 575. 05

Mount Apo Geol 3, 944, 065. 94 3, 944, 065. 94

Mount Apo Geoll 1, 004, 721. 26 1, 004, 721. 26

Mindanao Coal 1, 172, 455, 401. 34 1, 172, 455, 401. 34

MINDANAO 4, 430, 612, 840. 76 4, 430, 612, 840. 76

TOTAL PHILIPPINES 4, 616, 454, 730. 86 3, 793, 512, 760. 01 8, 409, 967, 490. 87

Prepared by: Reviewed by: Approved y:

AG d_t/ r0,./../.,,it

Claudine Mae L. Simbahan lyiarilo/ u K GapP Y a a IfafaraFinance Specialist Manager, FMAD`,,, Mana r, o t ollership Dept.

r

Page 5 of 5

Power Sector Assets and Liabilities Management Corporation Annex CALLOWABLE FUEL AND PURCHASED POWER COSTS ( TSC/ CSEE SHARE)

January to December 2017 Billing Period

LUZON Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

VISAYAS Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

MINDANAO Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

LUZON

Casecnan Php 196, 951, 789. 82 176, 388, 585. 65 81, 612, 005. 21 59, 211, 006. 70 57, 653, 093. 05 83, 890, 561. 61

CBK Php 231, 902, 885. 30 232, 978, 246. 54 231, 275, 731. 13 231, 583, 522. 02 233, 343, 200. 75 234, 986, 387. 22

Hedcor-Am pohaw Php 7, 682, 705. 30 6, 166, 059. 14 3, 205, 932. 20 2, 675, 116. 48 13, 872, 889. 95 45, 856, 162. 41

NMHC- Bakun Php 7, 032, 365. 29 8, 148, 598. 04 6, 662, 451. 85 5, 228, 943. 66 9, 371, 600. 20 39, 405, 998. 69

TotalAllowab(e PPC Php 443, 569, 745. 72 423, 681, 489. 37 322, 756, 120. 39 298, 698, 588. 86 314, 240, 783. 95 404, 139, 109. 93

TSC/ CSEE Energy Sales Ratio 0. 37459 0. 3793% 0. 4212% 0. 4757% 0. 4594% 0. 4505%

Allowable PPC- TSC/ CSEE Share Php 1, 661, 240. 64 1, 607, 144. 29 1, 359, 397. 60 1, 420, 773. 96 1, 443, 476. 09 1, 820, 473. 23

VISAYAS

Total Unified Leyte Php 1, 043, 621, 550. 00 1, 051, 225, 350. 00 1, 054, 076, 775. 00 1, 046, 948, 212. 50 1, 048, 849, 162. 50 1, 053, 601, 537. 50

Unified Leyte - PSALM Bulk Energy' Php 569, 248, 118. 18 573, 395, 645. 45 574, 950, 968. 18 571, 062, 661. 36 572, 099, 543. 18 574, 691, 747. 73

Total Allowable PPC Php 569, 248, 118. 18 573, 395, 645. 45 574, 950, 968. 18 571, 062, 661. 36 572, 099, 543. 18 574, 691, 747. 73

TSC/ CSEE Energy Sales Ratio q 0. 20959 0. 3755% 0. 3290% 0. 2638% 0. 35493 0. 3910q


MINDANAQ Unit

Mindanao Coal Php 318, 058, 585. 25 310, 731, 380. 87 304, 377, 003. 93 302, 956, 503. 16 327, 666, 003. 76 230, 281, 956. 23

Mt. Apo 1 and2z'

Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

TotalActuaIPPC Php 318, 058, 585. 25 310, 731, 380. 87 304, 377, 003. 93 302, 956, 503. 16 327, 666, 003. 76 230, 281, 956. 23

TSC/ CSEE Ener y Sales Ratio 100. 0000% 100. 0000% 100. 0000% 100. 0000% 100. 0000% 100. 0000%


1/ Corresponds to the percentage share of the remaining bulk energy with PSALM

PSALM terminated the IPPA Administration Agreement with Good Friends Hydro Resources Corporation corresponding to the awarded stripsequivalent to ZO M W effective 10 August 2017.

PSALM terminated the IPPA Administration Agreement with PHINMA Energy Corporation and FDC Utilities, Inc. corresponding to the awarded

strips equiva(ent to 40 MW each effective 04 September 2017.

2/ PSALM assumed administrotion of the contracted capacities of the Mt. Apo 1 and 2 Geothermal Power Pfant starting 22 December 2017

Source:

Purchased Power Costs Disbursement Vouchers

Submitted to ERC as part of the Monthly Compliances attached as Annex A page 1 of 2


ALLOWABLE FUEL AND PURCHASED POWER COSTS ( TSC/ CSEE SHARE)


LUZON Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

VISAYAS Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

MINDANAO Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

LUZON

Casecnan Php 76, 623, 427. 51 198, 589, 471. 62 279, 371, 355. 38 244, 232, 804. 38 301, 986, 958. 67 193, 114, 433. 62 1, 949, 625, 493. 21

CBK Php 237, 503, 203. 74 237, 817, 764. 75 237, 982, 297. 16 233, 000, 275. 06 233, 665, 921. 39 236, 078, 142. 62 2, 812, 117, 577. 69

Hedcor-Ampohaw Php 37, 798, 553. 14 55, 049, 062. 05 50, 772, 591. 18 42, 998, 691. 84 27, 602, 381. 69 14, 543, 235. 48 308, 223, 380. 86

NMHC- Bakun Php 39, 611, 871. 96 36, 922, 693. 18 37, 173, 886. 78 33, 945, 359. 84 23, 771, 853. 42 14, 221, 633. 08 261, 497, 255. 99

Total A( lowable PPC Php 391, 537, 056. 34 528, 378, 991. 61 605, 300, 130. 51 554, 177, 131. 12 587, 027, 115. 17 457, 957, 444. 80 5, 331, 463, 707. 75


Allowable PPC- TSC/ CSEE Share Php 1, 775, 199. 00 2, 071, 602. 24 1, 799, 736. 30 1, 945, 561. 70 1, 832, 765. 59 1, 662, 847. 60 20, 400, 218. 22

VISAYAS

Total Unified Leyte Php 519, 938, 842. 58 502, 881, 221. 95 547, 066, 265. 89 852, 685, 806. 94 915, 584, 265. 25 756, 822, 768. 53 10, 393, 301, 758. 65

Unified Leyte - PSALM Bulk Energy' php 283, 603, 005. 04 285, 359, 285. 77 390, 647, 025. 64 658, 893, 578. 09 707, 496, 932. 24 584, 817, 593. 87 6, 346, 266, 104. 74

TotalAllowable PPC Php 283, 603, 005. 04 285, 359, 285. 77 390, 647,025. 64 658, 893, 578. 09 707, 496, 932. 24 584, 817, 593. 87 6, 346, 266, 104. 74

TSC/ CSEE Energy Sales Ratio 0. 4979q 1. 5887% 0. 5808% 0. 2354% 0. 2470% 0. 3371q

Allowable PPC- TSC/ CSEE Share Php 1, 412, 050. 29 4, 533, 444. 53 2, 268, 877. 19 1, 551, 191. 23 1, 747, 765. 44 1, 971, 626. 51 24, 506, 151. 21

MINDANAO Unit

Mindanao Coal Php 288, 082, 509. 16 220, 991, 358. 18 300, 788, 465. 58 302, 335, 826. 48 298, 589, 440. 55 296, 144, 587. 26 3, 501, 003, 620. 39

Mt. Apo 1 and2Z

php 0. 00 0. 00 0. 00 0. 00 0. 00 22, 293, 081. 70 22, 293, 081. 70

TotalActuaIPPC Php 288, 082, 509. 16 220, 991, 358. 18 300, 788, 465. 58 302, 335, 826. 48 298, 589, 440. 55 318, 437, 668. 96 3, 523, 296, 702. 09


Allowable PPC- TSC/ CSEE Share Php 288, 082, 509. 16 220, 991, 358. 18 300, 788, 465. 58 302, 335, 826. 48 298, 589, 440. 55 318, 437, 668. 96 3, 523, 296, 702. 09

Prepared by: Checked by Reviewed by: Approved by:

VE A C. AP STOL ROCH LLE V. MORENO LUISA A. ESTEBAN L/ URDES S. AL A

inance Specialist Divisio Manager Department Manager ce- President

FVTD- UCAD FVTD- CAD UCAD Finance Grouppage 2 of 2


TRUE- UP ADJUSTMENT OF FUEL AND PURCHASED POWER COSTS( TAFPPC) Annex DJanuary to December 2017 Billing Period

TAFPPC

FPPCAafppc Php 1, 661, 240. 64 1, 607, 144. 29 1, 359, 397. 60 1, 420, 773. 96 1, 443, 476. 09 1, 820, 473. 23

Fuel Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

PPC Php 1, 661, 240. 64 1, 607, 144. 29 1, 359, 397. 60 1, 420, 773. 96 1, 443, 476. 09 1, 820, 473. 23

less: FPPCAbilled Php 2, 674, 271. 58 2, 768, 132. 28 2, 222, 717. 69 2, 820, 236. 63 2, 610, 690. 57 2, 589, 519. 34

Fuel Php 1, 135, 224. 98 1, 175, 068. 73 943, 540. 91 1, 197, 186. 96 1, 108, 234. 92 1, 099, 247. 75

PPC Php 1, 539, 046. 60 1, 593, 063. 55 1, 279, 176. 78 1, 623, 049. 67 1, 502, 455. 65 1, 490, 271. 58

less: FFPPCApeso Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

LUZON TAFPPC Php 1, 013, 030. 94) ( 1, 160, 987. 99) 863, 320. 10) 1, 399, 462. 67) 1, 167, 214. 48) 769, 046. 11)

TAFPPC

FPPCAafppc Php 1, 192, 623. 14 2, 152, 993. 92 1, 891, 667. 21 1, 506, 234. 94 2, 030, 370. 42 2, 247, 306. 42

Fuel Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

PPC Php 1, 192, 623. 14 2, 152, 993. 92 1, 891, 667. 21 1, 506, 234. 94 2, 030, 370. 42 2, 247, 306. 42

Iess: FPPCAbilled Php 1, 102, 973. 24 2, 076, 989. 15 1, 819, 518. 04 1, 558, 975. 95 1, 960, 319. 26 1, 907, 758. 64

Fuel Php 446, 065. 36 839, 977. 68 735, 851. 00 630, 482. 35 792, 793. 95 771, 537. 34

PPC Php 656, 907. 88 1, 237, 011. 47 1, 083, 667. 04 928, 493. 60 1, 167, 525. 31 1, 136, 221. 30


VISAYASTAFPPC Php 89, 649. 90 76, 004. 76 72, 149. 17 52, 741. 01) 70, 051. 16 339, 547. 78

Notes:

FPPCAafppc= Actual Allowable Fuel and Purchased Power Costs for the test period

FPPCAbilled = Fuel and Purchased Power Costs billed throu h the last ERC- approved base rate for the test period

FFPPCApeso= Recovered/ billed Fuel and Purchased Power Costs from customers poge 1 of 4


TRUE- UP ADJUSTMENT OF FUEL AND PURCHASED POWER COSTS ( TAFPPC)


TAFPPC

FPPCAafppc Php 1, 775, 199. 00 2, 071, 602. 24 1, 799, 736. 30 1, 945, 561. 70 1, 832, 765. 59 1, 662, 847. 60 20, 400, 218. 22

Fuel Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

PPC Php 1, 775, 199. 00 2, 071, 602. 24 1, 799, 736. 30 1, 945, 561. 70 1, 832, 765. 59 1, 662, 847. 60 20, 400, 218. 22

less: FPPCAbilled Php 2, 076, 499. 19 2, 165, 500. 72 2, 165, 207. 67 2, 367, 954. 07 2, 842, 009. 81 2, 700, 195. 05 30, 002, 934. 58

Fuel Php 881, 471. 34 919, 252. 38 919, 127. 98 1, 005, 193. 57 1, 206, 429. 65 1, 146, 229. 46 12, 736, 208. 61

PPC Php 1, 195, 027. 85 1, 246, 248. 35 1, 246, 079. 69 1, 362, 760. 50 1, 635, 580. 16 1, 553, 965. 59 17, 266, 725. 98

less: FFPPCApeso Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

LUZON TAFPPC Php 301, 300. 19) 93, 898. 48) 365, 471. 37) 422, 392. 37) ( 1, 009, 244. 22) ( 1, 037, 347. 44) 9, 602, 716. 36)

TAFPPC

FPPCAafppc Php 1, 412, 050. 29 4, 533, 444. 53 2, 268, 877. 19 1, 551, 191. 23 1, 747, 765. 44 1, 971, 626. 51 24, 506, 151. 21

Fuel Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

PPC Php 1, 412, 050. 29 4, 533, 444. 53 2, 268, 877. 19 1, 551, 191. 23 1, 747, 765. 44 1, 971, 626. 51 24, 506, 151. 21

less: FPPCAbilled Php 990, 662. 42 1, 647, 247. 16 1, 525, 718. 04 1, 360, 654. 05 1, 567, 110. 59 1, 635, 838. 72 19, 153, 765. 26

Fuel Php 400, 644. 52 666, 181. 07 617, 032. 16 550, 276. 84 633, 772. 17 661, 567. 26 7, 746, 181. 70

PPC Php 590, 017. 90 981, 066. 09 908, 685. 88 810, 377. 20 933, 338. 42 974, 271. 46 11, 407, 583. 56


VISAYASTAFPPC Php 421, 387. 87 2, 886, 197. 37 743, 159. 15 190, 537. 18 180, 654. 85 335, 787. 79 5, 352, 385. 95

page 2 of 4


TRUE- UP ADJUSTMENT OF FUEL AND PURCHASED POWER COSTS( TAFPPC) Annex DJanuary to December 2017 Billing Period

TAFPPC

FPPCAafppc Php 318, 058, 585. 25 310, 731, 380. 87 304, 377, 003. 93 302, 956, 503. 16 327, 666, 003. 76 230, 281, 956. 23

Fuel Php 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

PPC Php 318, 058, 585. 25 310, 731, 380. 87 304, 377, 003. 93 302, 956, 503. 16 327, 666, 003. 76 230, 281, 956. 23

Iess: FPPCAbilled Php 907, 575, 802. 07 855, 671, 349. 84 758, 550, 132. 87 765, 245, 530. 29 651, 763, 915. 06 711, 357, 016. 27

Fuel Php 419, 064, 603. 61 395, 098, 210. 23 350, 253, 400. 35 353, 344, 937. 23 300, 945, 867. 10 328, 462, 421. 95

PPC Php 488, 511, 198. 45 460, 573, 139. 61 408, 296, 732. 52 411, 900, 593. 05 350, 818, 047. 96 382, 894, 594. 32


MINDANAO TAFPPC Php ( 589, 517, 216. 81) ( 544, 939, 968. 97) ( 454, 173, 128. 95) ( 462, 289, 027. 13) 324, 097, 911. 30) ( 481, 075, 060. 05)

Notes:

FPPCAafppc= Actual Allowable Fuel and Purchased Power Costs for the test period

FPPCAbilled = Fuel and Purchased Power Costs billed through the last ERC- approved base rate for the test period

FFPPCApeso= Recovered/ billed Fuel and Purchased Power Costs from customers

page3of4


TRUE- UP ADJUSTMENT OF FUEL AND PURCHASED POWER COSTS( TAFPPC)


TAFPPC

FPPCAafppc Php 288, 082, 509. 16 220, 991, 358. 18 300, 788, 465. 58 302, 335, 826. 48 298, 589, 440. 55 318, 437, 668. 96 3, 523, 296, 702. 09

Fue l P h p 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

PPC Php 288, 082, 509. 16 220, 991, 358. 18 300, 788, 465. 58 302, 335, 826. 48 298, 589, 440. 55 318, 437, 668. 96 3, 523, 296, 702. 09

less: FPPCAbilled Php 653, 916, 133. 48 654, 069, 420. 49 694, 400, 083. 29 630, 584, 421. 84 636, 530, 717. 79 678, 825, 816. 78 8, 598, 490, 340. 07

Fuel Php 301, 939, 633. 75 302, 010, 412. 58 320, 632, 717. 39 291, 166, 435. 01 293, 912, 081. 32 313, 441, 446. 08 3, 970, 272, 166. 61

PPC Php 351, 976, 499. 74 352, 059, 007. 91 373, 767, 365. 90 339, 417, 986. 84 342, 618, 636. 47 365, 384, 370. 69 4, 628, 218, 173. 46


MINDANAO TAFPPC Php ( 365, 833, 624. 33) ( 433, 078, 062. 31) ( 393, 611, 617. 71) ( 328, 248, 595. 37) ( 337, 941, 277. 24) ( 360, 388, 147. 82) ( 5, 075, 193, 637. 98)

Prepared by: Checked by: Reviewed by: Approved by:

VE AY C. APOSTOL ROC ELLE V. MORENO LUISA A. ESTEBAN LO RDES S. ALZ A

nance Specialist Divi ion Manager Department Manager Vi e President

FVTD FVT - UCAD UCAD Finance Grouppage 4 of 4


ACTUAL FOREIGN EXCHANGE- RELATED COSTS- TSC/ CSEE Share Annex EJanuary December 2017

LUZON

ActualDebtServicing Php 0. 00 0. 00 445, 197, 789. 62 0. 00 0. 00 579, 045, 853. 34

Base Debt Servicing Php 0. 00 0. 00 390, 919, 649. 19 0. 00 0. 00 512, 582, 593. 04

Actual Foreign Exchange- Related

Costs PhP0. 00 0. 00 54, 278, 140. 43 0. 00 0. 00 66, 463, 260. 30

TSC/ CSEE Energy Sales Ratio 0. 3745% 0. 3793% 0. 4212% 0. 4757q 0. 45943 0. 4505q


Costs- TSC/ CSEE Share Php 0. 00 0. 00 228, 610. 92 0. 00 0. 00 299, 388. 46

VISAYAS

Actual DebtServicin Php 0. 00 0. 00 74, 003, 182. 52 0. 00 0. 00 66, 339, 998. 95


Actual Foreign Exchange- Retated

Costs PhP0. 00 0. 00 9, 020, 410. 25 0. 00 0. 00 7, 614, 548. 30

TSC/ CSEE EnergySales Ratio 0. 2095% 0. 3755% 0. 3290% 0. 2638% 0. 3549% 0. 3910%


Costs- TSC/ CSEE Share Php 0. 00 0. 00 29, 678. 38 0. 00 0. 00 29, 776. 35

MINDANAQ '

Actual Debt Servicing Php 0. 00 0. 00 81, 165, 048. 95 0. 00 0. 00 99, 891, 891. 31



Costs PhP0. 00 0. 00 9, 893, 385. 86 0. 00 0. 00 11, 465, 656. 37

TSC/ CSEE EnergySalesRatio 100. 0000 100. 0000% 100. 0000% 100. 0000% 100. 0000% 100. 0000%


Costs- TSC/ CSEE Share Php 0. 00 0. 00 9, 893, 385. 86 0. 00 0. 00 11, 465, 656. 37

Source:

Unbundled Actual Debt Service Report

Submitted to ERC as part of the Monthly Compliances attached as Annex A

page 1 of 2


ACTUAL FOREIGN EXCHANGE- RELATED COSTS- TSC/ CSEE Share

January to December 2017

LUZON

Actual Debt Servicing Php 0. 00 0. 00 453, 378, 493. 99 0. 00 0. 00 586, 018, 552. 23 2, 063, 640, 689. 18

Base Debt Servicing Php 0. 00 0. 00 390, 919, 649. 19 0. 00 0. 00 512, 727, 239. 79 1, 807, 149, 131. 21


Costs PhP0. 00 0. 00 62, 458, 844. 80 0. 00 0. 00 73, 291, 312. 44

y56, 491, 557. 97



Costs- TSC/ CSEE Share Php 0. 00 0. 00 185, 708. 62 0. 00 0. 00 266, 121. 41 979, 829. 41

VISAYAS

Actual Debt Servicing Php 0. 00 0. 00 75, 363, 339. 89 0. 00 0. 00 67, 119, 904. 89 282, 826, 426. 25

Base Debt Servicing Php 0. 00 0. 00 64, 982, 772. 27 0. 00 0. 00 58, 725, 450. 65 247, 416, 445. 84


Costs PhP0. 00 0. 00 10, 380, 567. 62 0. 00 0. 00 8, 394, 454. 24

35, 409, 980. 41

TSC/ CSEE Energy5alesRatio 0. 4979% 1. 5887% 0. 5808% 0. 2354% 0. 2470% 0. 3371%

Actual Foreign Exchange- Re( ated

Costs- TSC/ CSEE Share Php 0. 00 0. 00 60, 290. 32 0. 00 0. 00 28, 300. 67 148, 045. 72

MINDANAO

Actual Debt Servicing Php 0. 00 0. 00 82, 656, 839. 38 0. 00 0. 00 100, 900, 916. 68 364, 614, 696. 32

Base Debt Servicing Php 0. 00 0. 00 71, 271, 663. 09 0. 00 0. 00 88, 281, 588. 20 319, 251, 149. 31


Costs PhP0. 00 0. 00 11, 385, 176. 29 0. 00 0. 00 12, 619, 328. 49

45, 363, 547. 00

TSC/ CSEE EnergySalesRatio 100. 0000% 100. 0000% 100. 0000% 100. 0000% 100. 0000% 100. 0000%


Costs- TSC/ CSEE Share Php 0. 00 0. 00 11, 385, 176. 29 0. 00 0. 00 12, 619, 328. 49 45, 363, 547. 00

Prepared by: Checked b Reviewed by: Approved by: j

V J C. A STOL ROCH LLE V. MORENO LUISA A. ESTEBAN LO R. ALZON

inance Specialist Divisi Manager Department Manager Vi e President

FVTD FVTD- CAD UCAD F' ance Grouppage 2 of 2


TRUE- UP ADJUSTMENT OF FOREIGN EXCHANGE- RELATED COSTS( TAFxA) Annex FJanuary to December 2017 Billing Period

FxAafx PhP 0. 00 0. 00 228, 610. 92 0. 00 0. 00 299, 388. 46 0. 00 0. 00 185, 708. 62 0. 00 0. 00 266, 121. 41 979, 829. 41

less: FxAP so PhP 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

TAFxA PhP 228, 610. 92 299, 388. 46 185, 708. 62 266, 121. 41 979, 829. 41

FxAatx PhP 0. 00 0. 00 29, 678. 38 0. 00 0. 00 29, 776. 35 0. 00 0. 00 60, 290. 32 0. 00 0. 00 28, 300. 67 148, 045. 72

1e55: FxAPeso PhP 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

TAFxA PhP 29, 678. 38 29, 776. 35 60, 290. 32 28, 300. 67 148, 045. 72

FxAarx< PhP 0. 00 0. 00 9 893 385. 86 0. 00 0. 00 11 465 656. 37 0. 00 0. 00 11 385 176. 29 0. 00 0. 00 12 619 328. 49 45 363 547. 00

less: FxAso PhP 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00 0. 00

TAFxA PhP 9, 893, 385. 86 11, 465, 656. 37 11, 385, 176. 29 12, 619, 328. 49 45, 363, 547. 00

Notes:

TAFXA= True- Up Adjustment of Foreign Exchange- Related CostsFxAafxc= Actual Foreign Exchange- Related Costsforthe test period

FxApeso= Recovered/ billed Foreign Exchange- Relared Costs from customers

Prepared by: Checked by: - Reviewed by: Approved by:

p,_ K I. Q°`. ""„

VEEJ . AP TOL ROCH LLE V. MORENO LUISA A. ESTEBAN L URDES' S. LZ A

Fi nce Specialist Divisio Mana er Department Manager ce President

FVTD FVTD- CAD UCAD Finance Group

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