By Ed Paolo Salting – November 27, 2024 from The Manila Times THE Energy Regulatory Commission (ERC) said on Tuesday that it had imposed an administrative penalty of P12.3 million on National Grid Corp. of the Philippines (NGCP) over the latter's failure to meet timelines for the implementation of 27 capital expenditure (capex) projects. In a 105-page decision dated Jan. 16 but released only on Tuesday, Nov. 26, the commission said that the transmission firm had failed to justify significant delays in the implementation of the projects. The firm was ordered to pay the P12.3-million penalty within 15 days of receiving the decision. The ERC said the ruling follows an earlier one issued in August when it ordered the NGCP to pay a P3.5-million penalty for delays in completing 10 other projects. The commission said the latest penalty was deemed appropriate as the projects were central to its decision to approve NGCP's capex applications.