ERC NO. 04, S. 2006

: Section 43 (l) of the EPIRA authorizes the Commission to impose fines or penalties for non-compliance or breach of the EPIRA and its Implementing Rules and Regulations (IRR).
: The main purpose is to ensure that the regulated entity complies with all the pertinent issuances of the ERC and to monitor timely compliance to avoid non-compliance issues.
: All regulated entities under the ERC must designate a Regulatory Compliance Officer.
: The RCO shall be a senior-level officer within the entity but shall not be the General Manager or the Chief Executive/Operating Officer.
: The name must be submitted not later than February 28, 2006 or within ten (10) days after such designation, whichever comes first.
: The Department of Energy (DOE), the National Electrification Administration (NEA), the Philippine Electric Plant Owners Association (PEPOA), the National Power Corporation (NPC), the National Transmission Corporation (TRANSCO), the Power Sector Assets and Liabilities Management (PSALM) Corporation, all distribution utilities, generation companies, and retail electricity suppliers.
: This Resolution takes effect immediately upon adoption.
: No, the RCO cannot be the General Manager or the Chief Executive/Operating Officer of the entity.