2012 R - 066 - AUTHORIZING THE OLONGAPO CITY’S PARTICIPATION AND COMPLIANCE WITH THE REGISTRATION REQUIREMENTS AND FOR TRANSACTIONS WITH DIRECT WHOLESALE ELECTRICITY SPOT MARKET PARTICIPANTS IN THE WHOLESALE ELECTRICITY SPOT MARKET (WESM) AS INDIRECT PARTICIPANT, AND AUTHORIZING THE HON. CITY MAYOR JAMES GORDON, JR. TO SIGN THE NECESSARY APPLICATION AND MARKET PARTICIPATION AGREEMENTS AND ALLIED INSTRUMENTS, IN A MANNER CONSISTENT WITH LAW

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON JUNE 06, 2012 AT THE CITY HALL.

PRESENT:

Hon. Rolen C. Paulino - - City Vice-Mayor & Presiding Officer

Hon. Rodel S. Cerezo - - - City Councilor

Hon. Eyrma Yvette Marzan-Estrella - - “        “

Hon. Aquilino Y. Cortez, Jr. - - “        “

Hon. James G. Delos Reyes - - - “        “

Hon. Gina Gulanes-Perez - -  “        “

Hon. Elena C. Dabu -   “        “

Hon. Eduardo J. Piano - - -  “        “

Hon. Edna A. Elane - - -   “        “

Hon. Noel Y. Atienza - -  “        “

Hon. Sarah Lugerna Lipumano-Garcia - “        “

Hon. Dolly Mae M. Ramos - SK Federation President   

ABSENT:

Hon. Carlito A. Baloy - - President, Liga ng mga Barangay (On Official Business)

RESOLUTION NO. 66

(Series of 2012)

A RESOLUTION AUTHORIZING THE OLONGAPO CITY’S PARTICIPATION AND COMPLIANCE WITH THE REGISTRATION REQUIREMENTS AND FOR TRANSACTIONS WITH DIRECT WHOLESALE ELECTRICITY SPOT MARKET PARTICIPANTS IN THE WHOLESALE ELECTRICITY SPOT MARKET (WESM) AS INDIRECT PARTICIPANT, AND AUTHORIZING THE HON. CITY MAYOR JAMES GORDON, JR. TO SIGN THE NECESSARY APPLICATION AND MARKET PARTICIPATION AGREEMENTS AND ALLIED INSTRUMENTS, IN A MANNER CONSISTENT WITH LAW

WHEREAS, it is vital that the city participate in the electricity market to ensure that there would be sufficient provisions or supply for the electricity requirements of the community consistent with Republic Act No. 9136 or the Electric Power Industry Reform (EPIRA) Law and its allied legislation;

WHEREAS, as per 25 April 2012 communication sent by the Philippine Electricity Market Corporation, the city is required to pass legislation embodying the local government unit’s authority to register and participate in the Philippine Wholesale Electricity Spot Market, and sign pertinent instruments herein-mentioned;

WHEREAS, there is an urgency to pass the required legislation on or before May 14, 2012 as May 15, 2012 is the final deadline for registration and application, otherwise, the city may be sanctioned with the eventual disconnection of its electric supply as provided under the Department of Energy Circular No. DC2010-05-0006, and which precipitate an electricity crisis;

NOW, THEREFORE, on motion of City Councilor Gina Gulanes-Perez, with the unanimous accord of the Members of the Sangguniang Panlungsod present; 

RESOLVED, AS IT IS HEREBY RESOLVED, by the Sangguniang Panlungosd in session assembled, to authorize, as it hereby authorizes the Olongapo City’s participation and compliance with the registration requirements and for transactions with Direct Wholesale Electricity Spot Market (WESM) as an indirect participant, and authorizing the Hon. City Mayor James Gordon, Jr. to sign the necessary application and market participation and allied instruments in a manner consistent with law.

APPROVED UNANIMOUSLY, June 06, 2012.