Fresh P1.5 billion subsidy for BPC

For the 2014 financial year, government pumped P1.49 billion as a tariff subsidy into the Corporation enabling it to post a profit for the year of P114 million, being the first such since 2008. In 2013, the sole shareholder had ploughed in P871 million, up from P508 million and P454 million in the preceding years.

In addition, for 2014, government paid P450 million during the financial year as premium for the costs the BPC met in securing emergency power, down from P502.6 million in the previous year, as the higher generation at Morupule B limited the need to plug gaps.