![]() ![]() #ERC COLLECTION VERIFICATION#The ERC sought the assistance of a Consultant to conduct an independent audit and verification of the ECs’ RFSC in order to complement the agency’s evaluation efforts on the said electric bill component. Our Service Providers Is a licensed payroll company with nationwide tax compliance experience. Our single aim is to obtain the maximum benefit possible for each of our clients. The RFSC is envisioned to fund the amortization or debt service of the ECs’ indebtedness associated with the expansion, rehabilitation or upgrading of the existing electric power system of the ECs in accordance with their ERC-approved Capital Expenditure (CAPEX) Plan. employs licensed payroll specialists and experienced attorneys to help our clients navigate these regulations. The Electric Cooperatives (ECs) were authorized to collect Members’ Contribution for Capital Expenditures (MCC), otherwise known as the Reinvestment Fund for Sustainable Capital Expenditures (RFSC), from its member-consumers in compliance with ERC Resolution No. which submitted the Highest Rated and Responsive Bid. ![]() Failure to acknowledge debt validation letters. Refusal to remove resolved debts from credit reporting agencies. Many negative reviews report the following ERC conduct: Attempts to collect on retired or non-existent debts. Items in the collection can be checked out for use in the. Nearly 1,100 complaints registered against ERC with BBB over the past three years, with only about half of them resolved. The Commission has approved the award of the Contract for the “Procurement of Consulting Services for the Audit of the Utilization of the Reinvestment Fund for Sustainable Capital of the Electric Cooperatives” to Reyes Tacondong & Co. educational games, online resources including subscription databases, and ERC specific programs. If you do, the collection agency is required to confirm the debt with the original creditor and send you written verification through the mail. As the consumer, you have a right to ask for verification of the debt in question. In fact, the bidding process has been completed and the contract has been awarded to the winning bidder,” said ERC Chairperson and CEO Agnes VST Devanadera. The debt collector withholds information or refuses to answer questions about your debt. “We have engaged the services of a Consultant which has the technical expertise and capability to audit the utilization of the Reinvestment Fund for Sustainable Capital Expenditures or the RFSC. The Energy Regulatory Commission (ERC) resolved to put the Electric Cooperatives’ (ECs) collection and utilization of the Reinvestment Fund for Sustainable Capital Expenditures (RFSC) under audit lens to confirm if the same has been done in accordance with the requirements of the Rules for Setting Electric Cooperatives’ Wheeling Rates (RSEC-WR) promulgated by the ERC. ![]() ERC Puts EC’s RFSC Collection & Utilization Under Audit Lens ![]()
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