Power distribution firms owe govt – NERC
Of the 11 electricity distribution companies in the country, only three have so far remitted to the Federal Government money due it, the Nigerian Electricity Regulatory Commission has said.
According to NERC, the development is in spite of the commendable improvement in revenue collection by the companies.
The commission, in a document on its third meeting with the power sector operators, noted that the defaulting firms would be contacted to explain why they failed to file their statements of accounts.
The document, which was made available to our correspondent by the Head, Public Affairs, NERC, Dr. Usman Arabi, stated that most Discos and power generating companies were up to date with their audit requirements for 2012, adding that out of the 11 Discos, nine had sent in their bank statements.
It stated, “The Market Operator’s response is being awaited for the matching review…
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