NERC fines PHEDC N37m for flouting financial guideline

Kunle Kalejaye 17 November 2016, Sweetcrude, Lagos –  The Nigerian Electricity Regulatory Commission, NERC, has accused Port Harcourt Electricity Distribution Company, PHED, of “consistently flouting its licensing conditions” which require it to submit yearly audited financial report since 2013 when the new management came onboard. Consequently, NERC imposed N37. 52 million fine on the company. NERC, […] More »