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2 RES Information Sheet
ERC information sheet for RES
Your Browser Doesn't Support Canvas. Showing the Text Content of the PDF Instead: Republic of the Philippines
Energy Regulatory Commission
San Miguel Avenue, Ortigas Center, Pasig City
RES Form 2
RES INFORMATION SHEET
(Application for a License to Provide Retail Electric Service in Contestable Market)
PART 1.
1.1
INFORMATION ON THE APPLICANT
Company Profile
a. Legal/Business Name : _________________________________________
b. Type of Organization :
Single Proprietorship
Partnership
Corporation
Cooperative
c. Registration:
DTI
SEC
Others ____________
d. Complete Business Address: _____________________________________
_____________________________________________________________
e. Website (if available): __________________________________________
f. E-mail Address: _______________________________________________
g. Telephone No.: __________________ Fax No.: ____________________
1.2
Company Officers’ Profile`
Company Officers
Chairman
President
CEO
Representative to ERC/
Position
Name
Tel.No./Fax No./
Mobile No.
E-mail Address
Please attach the names, telephone/fax/mobile numbers, e-mail addresses,
curriculum vitae of Directors and Officers.
1.3
Corporate Information
List and description of companies affiliated with the Applicant:
Name of Company
Description of the Relationship
with the Applicant
RESLicenseApplicationForm/Revised Rules for RES Licenses/Jan. 17, 2011
Description of business activity/ies
engaged in by affiliate/s
Page 1 of 5
Republic of the Philippines
Energy Regulatory Commission
San Miguel Avenue, Ortigas Center, Pasig City
1.4
Applicant’s Business Activity
a. Newly organized for the purpose of providing retail electricity service.
b. Existing organization engaged in an activity in the electricity sector.
(Specify existing business activity)
________________________________________________________
________________________________________________________
1.5
Scope of Operations
a. Description of the activities of Applicant
List of distribution utility franchise area/s in which Applicant intends to
provide service or solicit customers:
______________________________________________________________
______________________________________________________________
b. Target customers which Applicant intends to serve
Industrial
Services
Commercial
Others (pls. specify)
c. Start date by which the Applicant proposes to begin providing retail electricity
services:
Upon implementation of Retail Competition & Open Access
Other approximate date of commencement. Pls. specify _____________
PART 2.
TECHNICAL & MANAGERIAL RESOURCE REQUIREMENTS
2.1 Provide evidence of the technical and managerial capability to ensure reliable
electricity supply in accordance with its customer contracts, such as but not
limited to the following:
2.1.1
Ability and knowledge to operate and manage an electricity supply
business, which involves the requirement to understand the
Commission’s rules, codes and guidelines, and their application;
__________________________________________________________
2.1.2
Ability to set-up and operate within the customer switching system
approved by ERC, an automated information exchange associated with
business to business (B2B) communications and transactions;
__________________________________________________________
2.1.3 Technical ability to enter into any necessary access or interconnection
arrangements or other required contracts with NGCP and one or more
Distribution Utilities;
__________________________________________________________
RESLicenseApplicationForm/Revised Rules for RES Licenses/Jan. 17, 2011
Page 2 of 5
Republic of the Philippines
Energy Regulatory Commission
San Miguel Avenue, Ortigas Center, Pasig City
2.1.4
2.1.5
PART 3.
3.1
Technical ability to meet transactional requirements with the Market
Operator or its contractual obligations with any industry participant, if
applicable; and
__________________________________________________________
2.1.6
2.2
Technical ability to secure generation through compliance with all
applicable requirements of the Market Operator, if applicable;
__________________________________________________________
Adequate staffing and employee training to meet all service level
commitments.
__________________________________________________________
Source of Supply. Please specify _________________________________
____________________________________________________________
FINANCIAL & CREDIT REQUIREMENTS
Provide evidence that the Applicant meets any of the following credit
standards:
Investment grade credit rating by a reputable credit bureau; or
Unused cash resources with an amount equivalent to the Applicant’s expected
monthly billings, or PhP 5 million, whichever is higher, with an attached
proof of creditworthiness confirmed through the certification of companies
(including Generation Companies, NGCP and Distribution Utilities) that have
extended credit line to the Applicant; or if the Applicant is an affiliate or
subsidiary and the Applicant has yet to commence operations as an RES, a
sworn statement from the parent company that it shall infuse the required
working capital of the Applicant for its RES business, with supporting
documents regarding the parent company’s capability to support the
Applicant.
3.2
Sources of Capital
Equity
Borrowings. Pls. specify source
_________________________
RESLicenseApplicationForm/Revised Rules for RES Licenses/Jan. 17, 2011
Credit Line
Others (pls. specify)
______________________
Page 3 of 5
Republic of the Philippines
Energy Regulatory Commission
San Miguel Avenue, Ortigas Center, Pasig City
PART 4.
SECURITY DEPOSIT REQUIREMENTS
Applicant intends to collect deposits from customers.
Applicant does not intend to collect deposits from customers.
Applicant has collected deposits from customers. Please specify amount and
number of customers ______________________________________
Please attach certification from a commercial bank that Applicant can avail of
said bank’s loan facility, or a certification stating the amount deposited in escrow.
Note: All deposits collected from customers will be required to be deposited in escrow.
PART 5.
5.1
5.2
5.3
5.4
5.5
5.6
5.7
5.8
5.9
OTHER REQUIREMENTS
Articles of Incorporation/Partnership with Certificate of Registration (for juridical
person);
Business Name Registration Certificate (for single proprietorship);
Mayor’s Permit;
Certified true copies of audited balance sheet, cash flow, and income statement for
the two most recent twelve (12)-month periods, or for the life of the business, if not
in existence for at least two (2) years, if applicable;
If affiliate, certified true copies of audited balance sheet, cash flow and income
statements for the two most recent twelve (12)-month periods of parent company;
Projected Five-year Financial Statement and Five-year Business Plan (outline to be
provided by ERC);
List of Affiliates engaged in the generation, distribution and retail supply of
electricity, and their corresponding business addresses;
Sworn statement that the applicant shall comply with the Code of Conduct for
Competitive Retail Market Participants and the Competition Rules and Complaint
Procedures;
Sworn statement that the Applicant shall comply with the ownership limitations as
provided in Section 5, Article II of the Revised Rules for the Issuance of Licenses
to RES;
Name of person who provided the above information: ___________________________
Signature: _____________________
Position: _____________________
RESLicenseApplicationForm/Revised Rules for RES Licenses/Jan. 17, 2011
Page 4 of 5
Republic of the Philippines
Energy Regulatory Commission
San Miguel Avenue, Ortigas Center, Pasig City
VERIFICATION AND CERTIFICATION
REPUBLIC OF THE PHILIPPINES)
) S.S.
I, (name of applicant/or authorized signing officer), of legal age, with office
address at _________________, after having been sworn to in accordance with law,
hereby depose and say:
That I am the (
designation
) of the (name of the company);
I swear or affirm that I have personal knowledge of the facts stated in the attached
application, that I am competent to testify to them, and that I have the authority to submit
this application for on behalf of the applying party.
I further swear or affirm that all statements made in the application form are true,
correct and complete and that any substantial changes in such information will be
provided to the Energy Regulatory Commission in a timely manner.
I swear or affirm that the applying party understands and will comply with all
requirements of the applicable law and rules, including any required submission of
additional information by sworn affidavit prior to the provision of electric service.
________________________________
Signature of Authorized Representative
________________________________
Printed Name
________________________________
Name of Applicant
SUBSCRIBED AND SWORN to before me this ___ day of ______.
Notary Public
RESLicenseApplicationForm/Revised Rules for RES Licenses/Jan. 17, 2011
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