In electric power: the excess of the contracted cost of electricity under eligible contracts of NPC over the actual selling price of the contracted energy output of such contracts in the market. Such contracts shall have been approved by the ERB as of 31 December 2000 [Section 4 (gggg), Rules and Regulations to Implement Republic Act No. 9136, Entitled “Electric Power Industry Reform Act of 2001”]
In electric power, upstream il & gas: the excess of the contracted cost of electricity under eligible independent power producer contracts over the actual selling price of the contracted energy output of such contracts in the market. Such contract shall be approved by the Energy Regulatory Board as of December 31, 2000 [Section 3(g), Murang Kuryente Act of 2019; Section 4.10, DOE-DOF Joint Circular No. 1, Series of 2020, The Implementing Rules and Regulations of Republic Act No. 11371, An Act Reducing Electricity Rates An Act Reducing Electricity Rates by Allocating a Portion of the Net National Government Share from the Malampaya Natural Gas Project for the Payment of the Stranded Contract Costs and Stranded Debts Otherwise Known as the “Murang Kuryente Act“]
Note: Under the Murang Kuryente Act of 2019 IRR, the term is written as “Stranded contract costs of the National Power Corporation (NPC)”. Moreover, “independent power producer contract” is written as “IPP Contracts”, and “contract” is written as “IPP Contracts”, “Energy Regulatory Board” as “Energy Regulatory Board (ERB)”.
Note: See Stranded contract costs of NPC or distribution utility