UNBUNDLED RATES FOR PANAY-BOHOL, P/kWh
October 2003 - January 2004

Month

Generation Charge

Franchise & Benefits to Host Communities

FOREX/ ICERA

Net FPCA

NPC Effective Rate

(A)

(B)

(C)

(D)

(E)

(F=B+C+D+E)

2003

         

OCT

2.6125

0.0177

0.0000

0.5000

2.6802

NOV

2.6125

0.0177

0.0000

0.5000

2.6802

DEC

2.6125

0.0177

-0.0065

0.5000

2.6737

2004          

JAN

2.7332

0.0177

-0.0065

0.5000

2.7944