The National Transmission Corporation (TransCo) is a Philippine government-owned and controlled corporation created in 2001 by the Electric Power Industry Reform Act (Republic Act 9136) and a corporate entity wholly owned by the Power Sector Assets and Liabilities Management (PSALM). It is the owner of the country's power grid and its related assets and facilities since March 1, 2003, and also served as operator of the grid from March 2003 until the turnover of the grid's operations and maintenance to the privately owned National Grid Corporation of the Philippines (NGCP) on January 15, 2009. As owner of the transmission facilities, it assumed all of National Power Corporation's (NAPOCOR) substation and transmission assets. TransCo is also responsible for protecting the national government's interests by monitoring NGCP's compliance with the standards set by its concession agreement with NGCP, congressional franchise and other relevant laws, handle existing cases such as right-of-way (portion of a power line) and lands where the transmission structures stand acquired and designated, structures built, and other claims that were accrued prior to the turnover of operations and maintenance of the power grid to NGCP on January 15, 2009, divest remaining sub-transmission assets to technically and financially qualified electric distributors nationwide, and undertake the operations, maintenance, consultancy and other technical services for the Philippine Economic Zone Authority (PEZA) and Authority of the Freeport Area of Bataan (AFAB). It is also in charge of administering the FIT to renewable power generators. More information...
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