THE Energy Regulatory Commission (ERC) failed to collect P12 million in supervision and regulation fees from 23 electric cooperatives and distribution utilities in 2012, according to the Commission on Audit (COA).

State auditors lamented the laxity of the ERC in imposing a resolution allowing it to collect supervision and regulation fees (SRFs) from private distribution utilities and electric cooperatives. Under ERC Resolution 21 which was issued in 2007, the commission should collect P1 for every P100 capital stock.

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