Pnp Budget Format

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Pnp Budget Format Powered By Docstoc
					                                       2004       2005         2006         2007         2008    2009

Assumptions to be used in forecast
 Forex exchange rate PNP / USD          56.0         56.0         56.0         56.0       56.0    56.0
 Foreign (USD) inflation rate           2.4%         2.4%         2.4%         2.4%       2.4%    2.4%
 Local (PNP) inflation rate             4.0%         5.0%         5.0%         4.0%       4.0%    4.0%




Assumptions used in original (TransCo 7-12-05) Capex forecast
 Finance
 Forex exchange rate PNP / USD      56.0     56.0      56.0                    56.0       56.0    56.0
 Foreign (USD) inflation rate       2.4%     2.4%      2.4%                    2.4%       2.4%    2.4%
 Local (PNP) inflation rate         4.0%     5.0%      5.0%                    4.0%       4.0%    4.0%
 Engineering
 Forex exchange rate PNP / USD      56.0     56.0      56.0                    56.0       56.0    56.0
 Foreign (USD) inflation rate       2.4%     2.4%      2.4%                    2.4%       2.4%    2.4%
 Local (PNP) inflation rate         4.0%     5.0%      5.0%                    4.0%       4.0%    4.0%
 Projects
 Forex exchange rate PNP / USD      56.0     56.0      56.0                    56.0       56.0    56.0
 Foreign (USD) inflation rate       2.4%     2.4%      2.4%                    2.4%       2.4%    2.4%
 Local (PNP) inflation rate         4.0%     4.0%      4.0%                    4.0%       4.0%    4.0%

Deflation factors to derive 2005 real amounts
  Finance
  Foreign (USD) inflation factor (2005 real)1.00
FinanceUSD deflator                                   1.00         1.02         1.05      1.07    1.10
  Local (PNP) inflation
FinancePNP deflator factor (2005 real) 1.00           1.00         1.05         1.09      1.14    1.18
  Engineering
  Foreign (USD) inflation
EngineeringUSD deflator factor (2005 real)1.00        1.00         1.02         1.05      1.07    1.10
  Local (PNP) inflation factor (2005 real) 1.00
EngineeringPNP deflator                               1.00         1.05         1.09      1.14    1.18
  Projects
  Foreign (USD) inflation factor (2005 real)1.00
ProjectsUSD deflator                                  1.00         1.02         1.05      1.07    1.10
  Local (PNP) inflation
ProjectsPNP deflator factor (2005 real) 1.00          1.00         1.04         1.08      1.12    1.17

Engineering cost estimate factor
 Engineering cost of 10% of PNP project cost (before contingency (15%) and inflation (4% pa) were included in project managem
 Therefore need to deflate, then multiply by 1.15 / 1.25 to remove engineering but include contingency
 Factor                                  0.92


ERC Categories and depreciation lives                          Lifetime
                                                                     for
                                                             depreciatio
Key                                                                    n

   Asset Category
Asset Category -
    -
(a)(a)Transmission Lines              Transmission Lines
(a)1                                                                  50
                                            1 Buildings, civil works and establishment
(a)2                                        2 Towers and associated50  lines
(a)3                                                                  50
                                            3 Poles and associated lines
(a)4                                      4 Underground cables 50
(a)5                                      5 Submarine cables         50
(a)6                                                                 NA
                                          6 Easements owned by the Regulated Entity
(a)7                                      7 Other                    50
(a)8                                      8 Spares                   50
(a)9                                                                 NA
                                          9 Land used for transmission lines
(a)Tot                                   Tot Sub-total Transmission Lines
    - Substation Components
(b)(b)                              Substation Components
(b)1                                                                 50
                                          1 Buildings, civil works and establishment
(b)2                                      2 Transformers (power) 45
(b)3                                      3 Circuit breakers         40
(b)4                                      4 Instrument transformers 03
(b)5                                      5 Meters and protection 30
(b)6                                      6 Capacitors and reactors  NA
(b)7                                      7 Buswork                  40
(b)8                                      8 Other                    15
(b)9                                      9 Spares                   15
(b)10                                    10 Land used for substationsNA
(b)Tot                                   Tot Sub-total Substation Components
    - Communication Plant
(c)(c)                              Communication Plant
(c)1                                                                 50
                                          1 Buildings, civil works and establishment
(c)2                                                                 15
                                          2 Communications plant and infrastructure
(c)3                                      3 Ancillary infrastructure 15
(c)4                                      4 Other                    15
(c)5                                      5 Spares                   15
(c)6                                                                 NA
                                          6 Land used for communications plant
(c)Tot                                   Tot Sub-total UG Transmission Lines
    - System Operations
(d)(d)                              System Operations
(d)1                                                                 50
                                          1 Buildings, civil works and establishment
(d)2                                                                 15
                                          2 Control room and control infrastructure
(d)3                                      3 Ancillary infrastructure 15
(d)4                                      4 Other                    15
(d)5                                                                 NA
                                          5 Land used for system operations
(d)Tot                                   Tot Sub-total Substation Components
    -
(e)(e)Non-network Assets            Non-network Assets
(e)1                                                                 15
                                          1 Computers, and office equipment
(e)2                                                                 15
                                          2 Plant, tools, and equipment
(e)3                                                                 fittings
                                          3 Furniture, fixtures, and 15
(e)4                                      4 Commercial buildings 15
(e)5                                      5 Land (all remaining land)NA
(e)6                                      6 Other                    15
(e)Tot                                   Tot Sub-total Non-network Assets
   Allocated Overhead Capitalized
Allocated Overhead Capitalized -                                     40
   Total Capital Expenditure
Total Capital Expenditure -
                      2010      Reference
                                 Unconfirmed assumptions

                         56.0 Dept of budget and management (latest official forecasts per Loudy)
                         2.4% Dept of budget and management (latest official forecasts per Loudy)
                         4.0% Dept of budget and management (latest official forecasts per Loudy)




                         56.0 Loudy
                         2.4%
                         4.0%

                         56.0 Engineering
                         2.4% (forecasts are contract actual nominal amounts)
                         4.0%

                         56.0 John Cleofas and models used by Projects group
                         2.4%
                         4.0%




                         1.13
                         1.23

                         1.13
                         1.23

                         1.13
                         1.22


tion (4% pa) were included in project management group cost estimates
                Calaca II Asso. T/L                                     Network Projects                 Load growth                 100% new assets
                  Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                             US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                  Asset Category                                                       2005      2006          2007         2008              2009       2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Towers and associated lines                                 -             -             -             -             -            -
                        3 Poles and associated lines                                  -             -             -             -             -            -
                        4 Underground cables                                          -             -             -             -             -            -
                        5 Submarine cables                                            -             -             -             -             -            -
                        6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                        7 Other                                                       -             -             -             -             -            -
                        8 Spares                                                      -             -             -             -             -            -
                        9 Land used for transmission lines                            -             -             -             -             -            -
                       Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Transformers (power)                                        -             -             -             -             -            -
                        3 Circuit breakers                                            -             -             -             -             -            -
                        4 Instrument transformers                                     -             -             -             -             -            -
                        5 Meters and protection                                       -             -             -             -             -            -
                        6 Capacitors and reactors                                     -             -             -             -             -            -
                        7 Buswork                                                     -             -             -             -             -            -
                        8 Other                                                       -             -             -             -             -            -
                        9 Spares                                                      -             -             -             -             -            -
                       10 Land used for substations                                   -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Communications plant and infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Spares                                                      -             -             -             -             -            -
                        6 Land used for communications plant                          -             -             -             -             -            -
                       Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                  (d) System Operations
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Control room and control infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Land used for system operations                             -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (e) Non-network Assets
                        1 Computers, and office equipment                             -             -             -             -             -            -
                        2 Plant, tools, and equipment                                 -             -             -             -             -            -
                        3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                        4 Commercial buildings                                        -             -             -             -             -            -
                        5 Land (all remaining land)                                   -             -             -             -             -            -
                        6 Other                                                       -             -             -             -             -            -
                       Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                  Allocated Overhead Capitalized                                      -             -             -             -             -            -
                  Total Capital Expenditure                                           -             -             -             -             -            -
                  For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                Sucat-Sta Mesa-Balintawak                               Network Projects                 Load growth                 100% new assets
                  Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                             US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                  Asset Category                                                       2005      2006          2007         2008              2009       2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Towers and associated lines                                 -             -             -             -             -            -
                        3 Poles and associated lines                                  -             -             -             -             -            -
                        4 Underground cables                                          -             -             -             -             -            -
                        5 Submarine cables                                            -             -             -             -             -            -
                        6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                        7 Other                                                       -             -             -             -             -            -
                        8 Spares                                                      -             -             -             -             -            -
                        9 Land used for transmission lines                            -             -             -             -             -            -
                       Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Transformers (power)                                        -             -             -             -             -            -
                        3 Circuit breakers                                            -             -             -             -             -            -
                        4 Instrument transformers                                     -             -             -             -             -            -
                        5 Meters and protection                                       -             -             -             -             -            -
                        6 Capacitors and reactors                                     -             -             -             -             -            -
                        7 Buswork                                                     -             -             -             -             -            -
                        8 Other                                                       -             -             -             -             -            -
                        9 Spares                                                      -             -             -             -             -            -
                       10 Land used for substations                                   -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Communications plant and infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Spares                                                      -             -             -             -             -            -
                        6 Land used for communications plant                          -             -             -             -             -            -
                       Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                  (d) System Operations
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Control room and control infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Land used for system operations                             -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (e) Non-network Assets
                        1 Computers, and office equipment                             -             -             -             -             -            -
                        2 Plant, tools, and equipment                                 -             -             -             -             -            -
                        3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                        4 Commercial buildings                                        -             -             -             -             -            -
                        5 Land (all remaining land)                                   -             -             -             -             -            -
                        6 Other                                                       -             -             -             -             -            -
                       Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                  Allocated Overhead Capitalized                                      -             -             -             -             -            -
                  Total Capital Expenditure                                           -             -             -             -             -            -
                  For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                Pagbilao Coal T/L                                       Network Projects                 Load growth                 100% new assets
                  Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                             US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                  Asset Category                                                       2005      2006          2007         2008              2009       2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Towers and associated lines                                 -             -             -             -             -            -
                        3 Poles and associated lines                                  -             -             -             -             -            -
                        4 Underground cables                                          -             -             -             -             -            -
                        5 Submarine cables                                            -             -             -             -             -            -
                        6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                        7 Other                                                       -             -             -             -             -            -
                        8 Spares                                                      -             -             -             -             -            -
                        9 Land used for transmission lines                            -             -             -             -             -            -
                       Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Transformers (power)                                        -             -             -             -             -            -
                        3 Circuit breakers                                            -             -             -             -             -            -
                        4 Instrument transformers                                     -             -             -             -             -            -
                        5 Meters and protection                                       -             -             -             -             -            -
                        6 Capacitors and reactors                                     -             -             -             -             -            -
                        7 Buswork                                                     -             -             -             -             -            -
                        8 Other                                                       -             -             -             -             -            -
                        9 Spares                                                      -             -             -             -             -            -
                       10 Land used for substations                                   -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Communications plant and infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Spares                                                      -             -             -             -             -            -
                        6 Land used for communications plant                          -             -             -             -             -            -
                       Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                  (d) System Operations
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Control room and control infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Land used for system operations                             -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (e) Non-network Assets
                        1 Computers, and office equipment                             -             -             -             -             -            -
                        2 Plant, tools, and equipment                                 -             -             -             -             -            -
                        3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                        4 Commercial buildings                                        -             -             -             -             -            -
                        5 Land (all remaining land)                                   -             -             -             -             -            -
                        6 Other                                                       -             -             -             -             -            -
                       Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                  Allocated Overhead Capitalized                                      -             -             -             -             -            -
                  Total Capital Expenditure                                           -             -             -             -             -            -
                  For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                Leyte-Luzon HVAC Interc. Project                        Network Projects                 Load growth                 100% new assets
                  Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                             US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                  Asset Category                                                       2005      2006          2007         2008              2009       2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Towers and associated lines                                 -             -             -             -             -            -
                        3 Poles and associated lines                                  -             -             -             -             -            -
                        4 Underground cables                                          -             -             -             -             -            -
                        5 Submarine cables                                            -             -             -             -             -            -
                        6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                        7 Other                                                       -             -             -             -             -            -
                        8 Spares                                                      -             -             -             -             -            -
                        9 Land used for transmission lines                            -             -             -             -             -            -
                       Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Transformers (power)                                        -             -             -             -             -            -
                        3 Circuit breakers                                            -             -             -             -             -            -
                        4 Instrument transformers                                     -             -             -             -             -            -
                        5 Meters and protection                                       -             -             -             -             -            -
                        6 Capacitors and reactors                                     -             -             -             -             -            -
                        7 Buswork                                                     -             -             -             -             -            -
                        8 Other                                                       -             -             -             -             -            -
                        9 Spares                                                      -             -             -             -             -            -
                       10 Land used for substations                                   -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Communications plant and infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Spares                                                      -             -             -             -             -            -
                        6 Land used for communications plant                          -             -             -             -             -            -
                       Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                  (d) System Operations
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Control room and control infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Land used for system operations                             -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (e) Non-network Assets
                        1 Computers, and office equipment                             -             -             -             -             -            -
                        2 Plant, tools, and equipment                                 -             -             -             -             -            -
                        3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                        4 Commercial buildings                                        -             -             -             -             -            -
                        5 Land (all remaining land)                                   -             -             -             -             -            -
                        6 Other                                                       -             -             -             -             -            -
                       Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                  Allocated Overhead Capitalized                                      -             -             -             -             -            -
                  Total Capital Expenditure                                           -             -             -             -             -            -
                  For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                Naga-Tayabas T/L Rehab Project                          Network Projects                 Load growth                 100% new assets
                  Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                             US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                  Asset Category                                                       2005      2006          2007         2008              2009       2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Towers and associated lines                                 -             -             -             -             -            -
                        3 Poles and associated lines                                  -             -             -             -             -            -
                        4 Underground cables                                          -             -             -             -             -            -
                        5 Submarine cables                                            -             -             -             -             -            -
                        6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                        7 Other                                                       -             -             -             -             -            -
                        8 Spares                                                      -             -             -             -             -            -
                        9 Land used for transmission lines                            -             -             -             -             -            -
                       Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Transformers (power)                                        -             -             -             -             -            -
                        3 Circuit breakers                                            -             -             -             -             -            -
                        4 Instrument transformers                                     -             -             -             -             -            -
                        5 Meters and protection                                       -             -             -             -             -            -
                        6 Capacitors and reactors                                     -             -             -             -             -            -
                        7 Buswork                                                     -             -             -             -             -            -
                        8 Other                                                       -             -             -             -             -            -
                        9 Spares                                                      -             -             -             -             -            -
                       10 Land used for substations                                   -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Communications plant and infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Spares                                                      -             -             -             -             -            -
                        6 Land used for communications plant                          -             -             -             -             -            -
                       Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                  (d) System Operations
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Control room and control infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Land used for system operations                             -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (e) Non-network Assets
                        1 Computers, and office equipment                             -             -             -             -             -            -
                        2 Plant, tools, and equipment                                 -             -             -             -             -            -
                        3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                        4 Commercial buildings                                        -             -             -             -             -            -
                        5 Land (all remaining land)                                   -             -             -             -             -            -
                        6 Other                                                       -             -             -             -             -            -
                       Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                  Allocated Overhead Capitalized                                      -             -             -             -             -            -
                  Total Capital Expenditure                                           -             -             -             -             -            -
                  For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                Northwestern EHV                                        Network Projects                 Load growth                 100% new assets
                  Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                             US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                  Asset Category                                                       2005      2006          2007         2008              2009       2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Towers and associated lines                                 -             -             -             -             -            -
                        3 Poles and associated lines                                  -             -             -             -             -            -
                        4 Underground cables                                          -             -             -             -             -            -
                        5 Submarine cables                                            -             -             -             -             -            -
                        6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                        7 Other                                                       -             -             -             -             -            -
                        8 Spares                                                      -             -             -             -             -            -
                        9 Land used for transmission lines                            -             -             -             -             -            -
                       Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Transformers (power)                                        -             -             -             -             -            -
                        3 Circuit breakers                                            -             -             -             -             -            -
                        4 Instrument transformers                                     -             -             -             -             -            -
                        5 Meters and protection                                       -             -             -             -             -            -
                        6 Capacitors and reactors                                     -             -             -             -             -            -
                        7 Buswork                                                     -             -             -             -             -            -
                        8 Other                                                       -             -             -             -             -            -
                        9 Spares                                                      -             -             -             -             -            -
                       10 Land used for substations                                   -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Communications plant and infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Spares                                                      -             -             -             -             -            -
                        6 Land used for communications plant                          -             -             -             -             -            -
                       Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                  (d) System Operations
                        1 Buildings, civil works and establishment                    -             -             -             -             -            -
                        2 Control room and control infrastructure                     -             -             -             -             -            -
                        3 Ancillary infrastructure                                    -             -             -             -             -            -
                        4 Other                                                       -             -             -             -             -            -
                        5 Land used for system operations                             -             -             -             -             -            -
                       Tot Sub-total Substation Components                            -             -             -             -             -            -
                  (e) Non-network Assets
                        1 Computers, and office equipment                             -             -             -             -             -            -
                        2 Plant, tools, and equipment                                 -             -             -             -             -            -
                        3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                        4 Commercial buildings                                        -             -             -             -             -            -
                        5 Land (all remaining land)                                   -             -             -             -             -            -
                        6 Other                                                       -             -             -             -             -            -
                       Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                  Allocated Overhead Capitalized                                      -             -             -             -             -            -
                  Total Capital Expenditure                                           -             -             -             -             -            -
                  For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 9 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 T/L & S/S Proj- Package 1 & 2                           Network Projects                  Load growth                100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                1.74          0.73           -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                              1.74          0.73           -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                       0.64          0.27           -             -             -            -
                         3 Circuit breakers                                           0.23          0.10           -             -             -            -
                         4 Instrument transformers                                    0.18          0.07           -             -             -            -
                         5 Meters and protection                                      0.08          0.03           -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                    0.03          0.01           -             -             -            -
                         8 Other                                                      0.22          0.09           -             -             -            -
                         9 Spares                                                     0.17          0.07           -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                           1.55          0.65           -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                          3.28          1.37           -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                3.28          1.41           -             -             -            -




Page 10 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Lahar-Affected T/L Relocation Project                   Network Projects                 Load growth                 100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 11 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Natural Gas Ilijan Asso T/L                             Network Projects                 Load growth                 100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 12 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Casecnan (Manablon) Hydro Asso. TL                      Network Projects                 Load growth                 100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 13 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 WB TGRL - Luzon S/S Reinf Project                       Network Projects                 Load growth                 100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                       0.13           -             -             -             -            -
                         3 Circuit breakers                                           0.07           -             -             -             -            -
                         4 Instrument transformers                                    0.01           -             -             -             -            -
                         5 Meters and protection                                      0.02           -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                    0.00           -             -             -             -            -
                         8 Other                                                      0.05           -             -             -             -            -
                         9 Spares                                                     0.01           -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                           0.29           -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                          0.29           -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                0.29           -             -             -             -            -




Page 14 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Luzon Cluster C S/S Exp. Project                        Network Projects                 Load growth                 100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 15 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 San Roque Asso. T/L & S/S                               Network Projects                  Load growth                100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                0.93          0.20          0.73           -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                              0.93          0.20          0.73           -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                          0.93          0.20          0.73           -             -            -
                   For info only - Total Capital Expenditure (nominal)                0.93          0.20          0.77           -             -            -




Page 16 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Batangas Trans. Reinf. Project                          Network Projects                  Load growth                 100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Towers and associated lines                                 -             -             -             -             -             -
                         3 Poles and associated lines                                 0.51          6.66          5.06          0.47           -             -
                         4 Underground cables                                          -             -             -             -             -             -
                         5 Submarine cables                                            -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -             -
                         7 Other                                                       -             -             -             -             -             -
                         8 Spares                                                      -             -             -             -             -             -
                         9 Land used for transmission lines                            -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                              0.51          6.66          5.06          0.47           -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Transformers (power)                                        -             -             -             -             -             -
                         3 Circuit breakers                                           0.07           -             -            0.06           -             -
                         4 Instrument transformers                                    0.05           -             -            0.05           -             -
                         5 Meters and protection                                      0.17           -             -            0.15           -             -
                         6 Capacitors and reactors                                     -             -             -             -             -             -
                         7 Buswork                                                    0.02           -             -            0.02           -             -
                         8 Other                                                      0.14           -             -            0.13           -             -
                         9 Spares                                                     0.04           -             -            0.03           -             -
                        10 Land used for substations                                   -             -             -             -             -             -
                        Tot Sub-total Substation Components                           0.48           -             -            0.45           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Communications plant and infrastructure                    0.01           -             -            0.01           -             -
                         3 Ancillary infrastructure                                   0.03           -             -            0.03           -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Spares                                                      -             -             -             -             -             -
                         6 Land used for communications plant                          -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                           0.04           -             -            0.04           -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Control room and control infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Land used for system operations                             -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -             -
                         2 Plant, tools, and equipment                                 -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -             -
                         4 Commercial buildings                                        -             -             -             -             -             -
                         5 Land (all remaining land)                                   -             -             -             -             -             -
                         6 Other                                                       -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -             -
                   Allocated Overhead Capitalized                                      -             -             -             -             -             -
                   Total Capital Expenditure                                          1.03          6.66          5.06          0.96           -             -
                   For info only - Total Capital Expenditure (nominal)                1.03          6.82          5.31          1.03           -             -




Page 17 of 213                                                                                                                                           C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Luzon(North) Subtransmission Project-1&2Network Projects                            Load growth                 100% new assets
                   Region: Luzon                                         Status: Ongoing          Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Transformers (power)                                   -             -             -             -             -            -
                         3 Circuit breakers                                       -             -             -             -             -            -
                         4 Instrument transformers                                -             -             -             -             -            -
                         5 Meters and protection                                  -             -             -             -             -            -
                         6 Capacitors and reactors                                -             -             -             -             -            -
                         7 Buswork                                                -             -             -             -             -            -
                         8 Other                                                  -             -             -             -             -            -
                         9 Spares                                                 -             -             -             -             -            -
                        10 Land used for substations                              -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -            -
                         2 Plant, tools, and equipment                            -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                         4 Commercial buildings                                   -             -             -             -             -            -
                         5 Land (all remaining land)                              -             -             -             -             -            -
                         6 Other                                                  -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                   Allocated Overhead Capitalized                                 -             -             -             -             -            -
                   Total Capital Expenditure                                      -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




Page 18 of 213                                                                                                                                     C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Bauang-San Esteban L2 Stringing Project Network Projects                            Load growth                 100% new assets
                   Region: Luzon                                         Status: Ongoing          Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Transformers (power)                                   -             -             -             -             -            -
                         3 Circuit breakers                                       -             -             -             -             -            -
                         4 Instrument transformers                                -             -             -             -             -            -
                         5 Meters and protection                                  -             -             -             -             -            -
                         6 Capacitors and reactors                                -             -             -             -             -            -
                         7 Buswork                                                -             -             -             -             -            -
                         8 Other                                                  -             -             -             -             -            -
                         9 Spares                                                 -             -             -             -             -            -
                        10 Land used for substations                              -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -            -
                         2 Plant, tools, and equipment                            -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                         4 Commercial buildings                                   -             -             -             -             -            -
                         5 Land (all remaining land)                              -             -             -             -             -            -
                         6 Other                                                  -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                   Allocated Overhead Capitalized                                 -             -             -             -             -            -
                   Total Capital Expenditure                                      -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




Page 19 of 213                                                                                                                                     C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Binga-San Manuel 230kV TL Proj.                         Network Projects                 Load growth                  59% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -           -
                         2 Towers and associated lines                                 -             -             -            3.39          3.31        1.44
                         3 Poles and associated lines                                  -             -             -             -             -           -
                         4 Underground cables                                          -             -             -             -             -           -
                         5 Submarine cables                                            -             -             -             -             -           -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -           -
                         7 Other                                                       -             -             -             -             -           -
                         8 Spares                                                      -             -             -             -             -           -
                         9 Land used for transmission lines                            -             -             -             -             -           -
                        Tot Sub-total Transmission Lines                               -             -             -            3.39          3.31        1.44
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -           -
                         2 Transformers (power)                                        -             -             -            3.73          0.91        0.27
                         3 Circuit breakers                                            -             -             -            2.05          2.55        0.31
                         4 Instrument transformers                                     -             -             -             -             -          0.37
                         5 Meters and protection                                       -             -             -             -             -          0.28
                         6 Capacitors and reactors                                     -             -             -             -             -           -
                         7 Buswork                                                     -             -             -             -             -           -
                         8 Other                                                       -             -             -             -             -          1.14
                         9 Spares                                                      -             -             -             -             -          0.12
                        10 Land used for substations                                   -             -             -             -             -           -
                        Tot Sub-total Substation Components                            -             -             -            5.78          3.46        2.50
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -           -
                         2 Plant, tools, and equipment                                 -             -             -             -             -           -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -           -
                         4 Commercial buildings                                        -             -             -             -             -           -
                         5 Land (all remaining land)                                   -             -             -             -             -           -
                         6 Other                                                       -             -             -             -             -           -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -           -
                   Allocated Overhead Capitalized                                      -             -             -             -             -           -
                   Total Capital Expenditure                                           -             -             -            9.16          6.76        3.94
                   For info only - Total Capital Expenditure (nominal)                 -             -             -            9.84          7.44        4.44




Page 20 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Luzon(North) T/L Upgrading Projects-1                   Network Projects                  Load growth                 24% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -           16.50          8.30          1.92           -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -           16.50          8.30          1.92           -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -           10.52          2.38          0.21           -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -           10.52          2.38          0.21           -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -           27.02         10.68          2.14           -            -
                   For info only - Total Capital Expenditure (nominal)                 -           27.67         11.20          2.30           -            -




Page 21 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Biñan-Dasmariñas T/L Upgrading                          Network Projects                 Load growth                 100% new assets
                   Region: Luzon                                              Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 22 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Luzon
                    New


                      Biñan-Sucat 230kV Line Upgrade                            Network Projects                  Load growth                 100% new assets
                          Region: Luzon                                              Status: New              Who: TransCo
                                                                                     US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                          Asset Category                                                       2005      2006          2007         2008              2009        2010
                          (a) Transmission Lines
                                1 Buildings, civil works and establishment                    -             -             -             -             -             -
                                2 Towers and associated lines                                 -            0.47          3.78          0.47           -             -
                                3 Poles and associated lines                                  -             -             -             -             -             -
                                4 Underground cables                                          -             -             -             -             -             -
                                5 Submarine cables                                            -             -             -             -             -             -
                                6 Easements owned by the Regulated Entity                     -             -             -             -             -             -
                                7 Other                                                       -             -             -             -             -             -
                                8 Spares                                                      -             -             -             -             -             -
                                9 Land used for transmission lines                            -             -             -             -             -             -
                               Tot Sub-total Transmission Lines                               -            0.47          3.78          0.47           -             -
                          (b) Substation Components
                                1 Buildings, civil works and establishment                    -             -             -             -             -             -
                                2 Transformers (power)                                        -             -             -             -             -             -
                                3 Circuit breakers                                            -             -             -             -             -             -
                                4 Instrument transformers                                     -             -             -             -             -             -
                                5 Meters and protection                                       -             -             -             -             -             -
                                6 Capacitors and reactors                                     -             -             -             -             -             -
                                7 Buswork                                                     -             -             -             -             -             -
                                8 Other                                                       -             -             -             -             -             -
                                9 Spares                                                      -             -             -             -             -             -
                               10 Land used for substations                                   -             -             -             -             -             -
                               Tot Sub-total Substation Components                            -             -             -             -             -             -
                          (c) Communication Plant
                                1 Buildings, civil works and establishment                    -             -             -             -             -             -
                                2 Communications plant and infrastructure                     -             -             -             -             -             -
                                3 Ancillary infrastructure                                    -             -             -             -             -             -
                                4 Other                                                       -             -             -             -             -             -
                                5 Spares                                                      -             -             -             -             -             -
                                6 Land used for communications plant                          -             -             -             -             -             -
                               Tot Sub-total UG Transmission Lines                            -             -             -             -             -             -
                          (d) System Operations
                                1 Buildings, civil works and establishment                    -             -             -             -             -             -
                                2 Control room and control infrastructure                     -             -             -             -             -             -
                                3 Ancillary infrastructure                                    -             -             -             -             -             -
                                4 Other                                                       -             -             -             -             -             -
                                5 Land used for system operations                             -             -             -             -             -             -
                               Tot Sub-total Substation Components                            -             -             -             -             -             -
                          (e) Non-network Assets
                                1 Computers, and office equipment                             -             -             -             -             -             -
                                2 Plant, tools, and equipment                                 -             -             -             -             -             -
                                3 Furniture, fixtures, and fittings                           -             -             -             -             -             -
                                4 Commercial buildings                                        -             -             -             -             -             -
                                5 Land (all remaining land)                                   -             -             -             -             -             -
                                6 Other                                                       -             -             -             -             -             -
                               Tot Sub-total Non-Network Assets                               -             -             -             -             -             -
                          Allocated Overhead Capitalized                                      -             -             -             -             -             -
                          Total Capital Expenditure                                           -            0.47          3.78          0.47           -             -
                          For info only - Total Capital Expenditure (nominal)                 -            0.48          3.96          0.51           -             -




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                 Luzon S/S Expansion Proj-1                              Network Projects                 Load growth                 100% new assets
                   Region: Luzon                                              Status: New              Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Transformers (power)                                        -             -             -             -            6.08      14.19
                         3 Circuit breakers                                            -             -             -             -            0.49       1.15
                         4 Instrument transformers                                     -             -             -             -            0.43       1.02
                         5 Meters and protection                                       -             -             -             -            0.05       0.11
                         6 Capacitors and reactors                                     -             -             -             -             -          -
                         7 Buswork                                                     -             -             -             -             -          -
                         8 Other                                                       -             -             -             -            0.43       1.00
                         9 Spares                                                      -             -             -             -            0.78       1.80
                        10 Land used for substations                                   -             -             -             -             -          -
                        Tot Sub-total Substation Components                            -             -             -             -            8.26      19.28
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -          -
                         2 Plant, tools, and equipment                                 -             -             -             -             -          -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -          -
                         4 Commercial buildings                                        -             -             -             -             -          -
                         5 Land (all remaining land)                                   -             -             -             -             -          -
                         6 Other                                                       -             -             -             -             -          -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -          -
                   Allocated Overhead Capitalized                                      -             -             -             -             -          -
                   Total Capital Expenditure                                           -             -             -             -            8.26      19.28
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -            9.08      21.70




Page 24 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Luzon Transmission Equipment Upgrade Network Projects                               Load growth                  23% new assets
                   Region: Luzon                                         Status: New              Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Transformers (power)                                   -             -            1.55          3.63           -            -
                         3 Circuit breakers                                       -             -            0.93          2.18           -            -
                         4 Instrument transformers                                -             -            0.75          1.75           -            -
                         5 Meters and protection                                  -             -            0.03          0.07           -            -
                         6 Capacitors and reactors                                -             -             -             -             -            -
                         7 Buswork                                                -             -             -             -             -            -
                         8 Other                                                  -             -            1.00          2.33           -            -
                         9 Spares                                                 -             -            0.35          0.82           -            -
                        10 Land used for substations                              -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -            4.62         10.78           -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -            -
                         2 Plant, tools, and equipment                            -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                         4 Commercial buildings                                   -             -             -             -             -            -
                         5 Land (all remaining land)                              -             -             -             -             -            -
                         6 Other                                                  -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                   Allocated Overhead Capitalized                                 -             -             -             -             -            -
                   Total Capital Expenditure                                      -             -            4.62         10.78           -            -
                   For info only - Total Capital Expenditure (nominal)            -             -            4.85         11.58           -            -




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                 Dasmariñas-Rosario 230KV T/L Project                    Network Projects                 Load growth                  100% new assets
                   Region: Luzon                                              Status: New              Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Towers and associated lines                                 -             -             -             -             -             -
                         3 Poles and associated lines                                  -             -            0.82          2.89          0.45           -
                         4 Underground cables                                          -             -             -             -             -             -
                         5 Submarine cables                                            -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -             -
                         7 Other                                                       -             -             -             -             -             -
                         8 Spares                                                      -             -             -             -             -             -
                         9 Land used for transmission lines                            -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                               -             -            0.82          2.89          0.45           -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Transformers (power)                                        -             -             -             -             -             -
                         3 Circuit breakers                                            -             -             -             -             -             -
                         4 Instrument transformers                                     -             -             -             -             -             -
                         5 Meters and protection                                       -             -             -             -             -             -
                         6 Capacitors and reactors                                     -             -             -             -             -             -
                         7 Buswork                                                     -             -             -             -             -             -
                         8 Other                                                       -             -             -             -             -             -
                         9 Spares                                                      -             -             -             -             -             -
                        10 Land used for substations                                   -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -             -             -             -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Communications plant and infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Spares                                                      -             -             -             -             -             -
                         6 Land used for communications plant                          -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Control room and control infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Land used for system operations                             -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -             -
                         2 Plant, tools, and equipment                                 -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -             -
                         4 Commercial buildings                                        -             -             -             -             -             -
                         5 Land (all remaining land)                                   -             -             -             -             -             -
                         6 Other                                                       -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -             -
                   Allocated Overhead Capitalized                                      -             -             -             -             -             -
                   Total Capital Expenditure                                           -             -            0.82          2.89          0.45           -
                   For info only - Total Capital Expenditure (nominal)                 -             -            0.86          3.10          0.49           -




Page 26 of 213                                                                                                                                           C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Voltage Improvement Project - 1                         Network Projects                 Non-growth                   100% new assets
                   Region: Luzon                                              Status: New              Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Towers and associated lines                                 -             -             -             -             -             -
                         3 Poles and associated lines                                  -             -             -             -             -             -
                         4 Underground cables                                          -             -             -             -             -             -
                         5 Submarine cables                                            -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -             -
                         7 Other                                                       -             -             -             -             -             -
                         8 Spares                                                      -             -             -             -             -             -
                         9 Land used for transmission lines                            -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Transformers (power)                                        -             -             -             -             -             -
                         3 Circuit breakers                                            -             -            0.09          0.22           -             -
                         4 Instrument transformers                                     -             -            0.09          0.21           -             -
                         5 Meters and protection                                       -             -             -             -             -             -
                         6 Capacitors and reactors                                     -             -            2.06          4.81           -             -
                         7 Buswork                                                     -             -             -             -             -             -
                         8 Other                                                       -             -            0.04          0.10           -             -
                         9 Spares                                                      -             -            0.05          0.12           -             -
                        10 Land used for substations                                   -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -            2.34          5.45           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Communications plant and infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Spares                                                      -             -             -             -             -             -
                         6 Land used for communications plant                          -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Control room and control infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Land used for system operations                             -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -             -
                         2 Plant, tools, and equipment                                 -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -             -
                         4 Commercial buildings                                        -             -             -             -             -             -
                         5 Land (all remaining land)                                   -             -             -             -             -             -
                         6 Other                                                       -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -             -
                   Allocated Overhead Capitalized                                      -             -             -             -             -             -
                   Total Capital Expenditure                                           -             -            2.34          5.45           -             -
                   For info only - Total Capital Expenditure (nominal)                 -             -            2.45          5.86           -             -




Page 27 of 213                                                                                                                                           C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Tap Hermosa-Balintawak                                  Network Projects                  Load growth                100% new assets
                   Region: Luzon                                              Status: New              Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -            0.15          0.22           -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -            0.15          0.22           -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -            0.15          0.22           -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -            0.15          0.23           -             -            -




Page 28 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 New Gamu 230 KV SS Project                              Network Projects                 Load growth                  100% new assets
                   Region: Luzon                                              Status: New              Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Towers and associated lines                                 -             -             -             -             -             -
                         3 Poles and associated lines                                  -             -             -             -             -             -
                         4 Underground cables                                          -             -             -             -             -             -
                         5 Submarine cables                                            -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -             -
                         7 Other                                                       -             -             -             -             -             -
                         8 Spares                                                      -             -             -             -             -             -
                         9 Land used for transmission lines                            -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Transformers (power)                                        -             -             -             -             -             -
                         3 Circuit breakers                                            -             -             -             -             -             -
                         4 Instrument transformers                                     -             -             -             -             -             -
                         5 Meters and protection                                       -             -            0.96          0.11           -             -
                         6 Capacitors and reactors                                     -             -             -             -             -             -
                         7 Buswork                                                     -             -             -             -             -             -
                         8 Other                                                       -             -             -             -             -             -
                         9 Spares                                                      -             -             -             -             -             -
                        10 Land used for substations                                   -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -            0.96          0.11           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Communications plant and infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Spares                                                      -             -             -             -             -             -
                         6 Land used for communications plant                          -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Control room and control infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Land used for system operations                             -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -             -
                         2 Plant, tools, and equipment                                 -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -             -
                         4 Commercial buildings                                        -             -             -             -             -             -
                         5 Land (all remaining land)                                   -             -             -             -             -             -
                         6 Other                                                       -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -             -
                   Allocated Overhead Capitalized                                      -             -             -             -             -             -
                   Total Capital Expenditure                                           -             -            0.96          0.11           -             -
                   For info only - Total Capital Expenditure (nominal)                 -             -            1.01          0.12           -             -




Page 29 of 213                                                                                                                                           C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Visayas
                    Ongoing


                      Leyte-Cebu HVAC Interc. Project-Stage1                   Network Projects                 Load growth                 100% new assets
                         Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                                    US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                         Asset Category                                                       2005      2006          2007         2008              2009       2010
                         (a) Transmission Lines
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Towers and associated lines                                 -             -             -             -             -            -
                               3 Poles and associated lines                                  -             -             -             -             -            -
                               4 Underground cables                                          -             -             -             -             -            -
                               5 Submarine cables                                            -             -             -             -             -            -
                               6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                               7 Other                                                       -             -             -             -             -            -
                               8 Spares                                                      -             -             -             -             -            -
                               9 Land used for transmission lines                            -             -             -             -             -            -
                              Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                         (b) Substation Components
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Transformers (power)                                        -             -             -             -             -            -
                               3 Circuit breakers                                            -             -             -             -             -            -
                               4 Instrument transformers                                     -             -             -             -             -            -
                               5 Meters and protection                                       -             -             -             -             -            -
                               6 Capacitors and reactors                                     -             -             -             -             -            -
                               7 Buswork                                                     -             -             -             -             -            -
                               8 Other                                                       -             -             -             -             -            -
                               9 Spares                                                      -             -             -             -             -            -
                              10 Land used for substations                                   -             -             -             -             -            -
                              Tot Sub-total Substation Components                            -             -             -             -             -            -
                         (c) Communication Plant
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Communications plant and infrastructure                     -             -             -             -             -            -
                               3 Ancillary infrastructure                                    -             -             -             -             -            -
                               4 Other                                                       -             -             -             -             -            -
                               5 Spares                                                      -             -             -             -             -            -
                               6 Land used for communications plant                          -             -             -             -             -            -
                              Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                         (d) System Operations
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Control room and control infrastructure                     -             -             -             -             -            -
                               3 Ancillary infrastructure                                    -             -             -             -             -            -
                               4 Other                                                       -             -             -             -             -            -
                               5 Land used for system operations                             -             -             -             -             -            -
                              Tot Sub-total Substation Components                            -             -             -             -             -            -
                         (e) Non-network Assets
                               1 Computers, and office equipment                             -             -             -             -             -            -
                               2 Plant, tools, and equipment                                 -             -             -             -             -            -
                               3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                               4 Commercial buildings                                        -             -             -             -             -            -
                               5 Land (all remaining land)                                   -             -             -             -             -            -
                               6 Other                                                       -             -             -             -             -            -
                              Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                         Allocated Overhead Capitalized                                      -             -             -             -             -            -
                         Total Capital Expenditure                                           -             -             -             -             -            -
                         For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 30 of 213                                                                                                                                                C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Cebu III Transmission                                   Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 31 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Leyte-Bohol Int.Proj.(Stage2)                           Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 32 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Panay IV Transmission                                   Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 33 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Negros III Transmission                                 Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                    0.00           -             -             -             -            -
                         5 Meters and protection                                      0.07           -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                      0.03           -             -             -             -            -
                         9 Spares                                                     0.01           -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                           0.12           -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                    0.01           -             -             -             -            -
                         3 Ancillary infrastructure                                   0.00           -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                           0.01           -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                          0.13           -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                0.13           -             -             -             -            -




Page 34 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Negros IV 138kV Transmission Project                    Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 35 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Leyte-Samar Reinf. 69/138kV Project                     Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                       0.08           -             -             -             -            -
                         3 Circuit breakers                                           0.10           -             -             -             -            -
                         4 Instrument transformers                                    0.04           -             -             -             -            -
                         5 Meters and protection                                      0.06           -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                    0.03           -             -             -             -            -
                         8 Other                                                      0.12           -             -             -             -            -
                         9 Spares                                                     0.06           -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                           0.50           -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                    0.01           -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                      0.01           -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                           0.02           -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                          0.52           -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                0.52           -             -             -             -            -




Page 36 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Visayas Capacitor Project 1                             Network Projects                 Load growth                  100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Towers and associated lines                                 -             -             -             -             -             -
                         3 Poles and associated lines                                  -             -             -             -             -             -
                         4 Underground cables                                          -             -             -             -             -             -
                         5 Submarine cables                                            -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -             -
                         7 Other                                                       -             -             -             -             -             -
                         8 Spares                                                      -             -             -             -             -             -
                         9 Land used for transmission lines                            -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Transformers (power)                                        -             -             -             -             -             -
                         3 Circuit breakers                                            -             -             -             -             -             -
                         4 Instrument transformers                                     -             -             -             -             -             -
                         5 Meters and protection                                       -             -             -             -             -             -
                         6 Capacitors and reactors                                     -             -            2.39          0.32           -             -
                         7 Buswork                                                     -             -             -             -             -             -
                         8 Other                                                       -             -             -             -             -             -
                         9 Spares                                                      -             -             -             -             -             -
                        10 Land used for substations                                   -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -            2.39          0.32           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Communications plant and infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Spares                                                      -             -             -             -             -             -
                         6 Land used for communications plant                          -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Control room and control infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Land used for system operations                             -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -             -
                         2 Plant, tools, and equipment                                 -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -             -
                         4 Commercial buildings                                        -             -             -             -             -             -
                         5 Land (all remaining land)                                   -             -             -             -             -             -
                         6 Other                                                       -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -             -
                   Allocated Overhead Capitalized                                      -             -             -             -             -             -
                   Total Capital Expenditure                                           -             -            2.39          0.32           -             -
                   For info only - Total Capital Expenditure (nominal)                 -             -            2.50          0.35           -             -




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                                                          Network Projects
                 Cebu-Mactan Interconnection Proj.(Turnkey)                                           Load growth                 100% new assets
                   Region: Visayas                                       Status: Ongoing          Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment              0.78           -             -             -             -             -
                         2 Towers and associated lines                            -             -             -             -             -             -
                         3 Poles and associated lines                             -             -             -             -             -             -
                         4 Underground cables                                    3.14          3.50          4.42          1.40           -             -
                         5 Submarine cables                                       -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -             -
                         7 Other                                                  -             -             -             -             -             -
                         8 Spares                                                 -             -             -             -             -             -
                         9 Land used for transmission lines                       -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                         3.92          3.50          4.42          1.40           -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment              1.72           -             -             -             -             -
                         2 Transformers (power)                                  2.43           -             -             -             -             -
                         3 Circuit breakers                                      2.38           -             -             -             -             -
                         4 Instrument transformers                               0.14           -             -             -             -             -
                         5 Meters and protection                                 1.17          1.68           -             -             -             -
                         6 Capacitors and reactors                                -             -             -             -             -             -
                         7 Buswork                                                -             -             -             -             -             -
                         8 Other                                                  -             -             -             -             -             -
                         9 Spares                                                 -            0.86           -             -             -             -
                        10 Land used for substations                              -             -             -             -             -             -
                        Tot Sub-total Substation Components                      7.83          2.54           -             -             -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Communications plant and infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Spares                                                 -             -             -             -             -             -
                         6 Land used for communications plant                     -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Control room and control infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Land used for system operations                        -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -             -
                         2 Plant, tools, and equipment                            -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -             -
                         4 Commercial buildings                                   -             -             -             -             -             -
                         5 Land (all remaining land)                              -             -             -             -             -             -
                         6 Other                                                  -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -             -
                   Allocated Overhead Capitalized                                 -             -             -             -             -             -
                   Total Capital Expenditure                                    11.75          6.04          4.42          1.40           -             -
                   For info only - Total Capital Expenditure (nominal)          11.75          6.19          4.63          1.50           -             -




Page 38 of 213                                                                                                                                      C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Negros V Transmission Project                           Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 39 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Leyte-Cebu Exp/Uprating Proj.                           Network Projects                  Load growth                100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                        20.34         17.90           -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                      2.42           -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                             22.75         17.90           -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                       0.69           -             -             -             -            -
                         3 Circuit breakers                                           0.43           -             -             -             -            -
                         4 Instrument transformers                                    0.23           -             -             -             -            -
                         5 Meters and protection                                      0.79           -             -             -             -            -
                         6 Capacitors and reactors                                    1.35           -             -             -             -            -
                         7 Buswork                                                    0.45           -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                     1.04           -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                           4.99           -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                         27.74         17.90           -             -             -            -
                   For info only - Total Capital Expenditure (nominal)               27.74         18.33           -             -             -            -




Page 40 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Panay-Boracay Interconnection Project                   Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 41 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                          Network
                 Negros-Panay Interconnection Uprating (Turnkey) Projects                            Load growth                  100% new assets
                   Region: Visayas                                       Status: Ongoing          Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -            5.19          1.27           -             -
                         2 Towers and associated lines                            -             -            3.40          0.83           -             -
                         3 Poles and associated lines                             -             -             -             -             -             -
                         4 Underground cables                                     -             -             -             -             -             -
                         5 Submarine cables                                       -             -            9.62          2.92           -             -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -             -
                         7 Other                                                  -             -            1.24          0.30           -             -
                         8 Spares                                                 -             -            0.22          0.05           -             -
                         9 Land used for transmission lines                       -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                          -             -           19.67          5.38           -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -            1.51          0.37           -             -
                         2 Transformers (power)                                   -             -            3.01          0.73           -             -
                         3 Circuit breakers                                       -             -            0.90          0.22           -             -
                         4 Instrument transformers                                -             -             -             -             -             -
                         5 Meters and protection                                  -             -             -             -             -             -
                         6 Capacitors and reactors                                -             -            2.26          0.55           -             -
                         7 Buswork                                                -             -            0.23          0.06           -             -
                         8 Other                                                  -             -            0.50          0.12           -             -
                         9 Spares                                                 -             -            0.08          0.02           -             -
                        10 Land used for substations                              -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -            8.48          2.07           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Communications plant and infrastructure                -             -            4.59          1.70           -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -            0.29          0.07           -             -
                         5 Spares                                                 -             -            0.07          0.02           -             -
                         6 Land used for communications plant                     -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                       -             -            4.96          1.79           -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Control room and control infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Land used for system operations                        -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -             -
                         2 Plant, tools, and equipment                            -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -             -
                         4 Commercial buildings                                   -             -             -             -             -             -
                         5 Land (all remaining land)                              -             -             -             -             -             -
                         6 Other                                                  -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -             -
                   Allocated Overhead Capitalized                                 -             -             -             -             -             -
                   Total Capital Expenditure                                      -             -           33.12          9.23           -             -
                   For info only - Total Capital Expenditure (nominal)            -             -           34.72          9.91           -             -




Page 42 of 213                                                                                                                                      C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                          Network
                 Cebu-Negros Interconnection Uprating (Turnkey) Projects                              Load growth                 100% new assets
                   Region: Visayas                                       Status: Ongoing          Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -            0.88          3.84          0.98           -             -
                         2 Towers and associated lines                            -            0.94          4.14          1.06           -             -
                         3 Poles and associated lines                             -             -             -             -             -             -
                         4 Underground cables                                     -             -             -             -             -             -
                         5 Submarine cables                                       -            1.75          7.67          3.47           -             -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -             -
                         7 Other                                                  -            0.49          2.14          0.55           -             -
                         8 Spares                                                 -            0.04          0.16          0.04           -             -
                         9 Land used for transmission lines                       -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                          -            4.09         17.96          6.09           -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -            0.18          0.81          0.21           -             -
                         2 Transformers (power)                                   -            0.37          1.62          0.41           -             -
                         3 Circuit breakers                                       -            0.11          0.49          0.12           -             -
                         4 Instrument transformers                                -             -             -             -             -             -
                         5 Meters and protection                                  -             -             -             -             -             -
                         6 Capacitors and reactors                                -            0.18          0.81          0.21           -             -
                         7 Buswork                                                -            0.03          0.12          0.03           -             -
                         8 Other                                                  -            0.22          0.96          0.25           -             -
                         9 Spares                                                 -            0.01          0.04          0.01           -             -
                        10 Land used for substations                              -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -            1.10          4.84          1.23           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Communications plant and infrastructure                -            1.02          4.46          1.14           -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -            0.04          0.19          0.05           -             -
                         5 Spares                                                 -            0.01          0.05          0.01           -             -
                         6 Land used for communications plant                     -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                       -            1.07          4.70          1.20           -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Control room and control infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Land used for system operations                        -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -             -
                         2 Plant, tools, and equipment                            -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -             -
                         4 Commercial buildings                                   -             -             -             -             -             -
                         5 Land (all remaining land)                              -             -             -             -             -             -
                         6 Other                                                  -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -             -
                   Allocated Overhead Capitalized                                 -             -             -             -             -             -
                   Total Capital Expenditure                                      -            6.27         27.50          8.53           -             -
                   For info only - Total Capital Expenditure (nominal)            -            6.42         28.83          9.16           -             -




Page 43 of 213                                                                                                                                      C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Wright-Calbayog 138kV T/L Proj.(Turnkey) Network Projects                            Load growth                 100% new assets
                   Region: Visayas                                       Status: Ongoing          Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Towers and associated lines                            -            1.46          1.91          0.19           -             -
                         3 Poles and associated lines                             -             -             -             -             -             -
                         4 Underground cables                                     -             -             -             -             -             -
                         5 Submarine cables                                       -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -             -
                         7 Other                                                  -             -            0.19          0.09           -             -
                         8 Spares                                                 -             -            0.24          0.09           -             -
                         9 Land used for transmission lines                       -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                          -            1.46          2.34          0.37           -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Transformers (power)                                   -             -            0.29           -             -             -
                         3 Circuit breakers                                       -             -            0.29           -             -             -
                         4 Instrument transformers                                -             -            0.29           -             -             -
                         5 Meters and protection                                  -             -            0.29           -             -             -
                         6 Capacitors and reactors                                -             -             -             -             -             -
                         7 Buswork                                                -             -            0.19           -             -             -
                         8 Other                                                  -             -            0.04           -             -             -
                         9 Spares                                                 -             -            0.19          0.09           -             -
                        10 Land used for substations                              -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -            1.57          0.09           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Communications plant and infrastructure                -             -            0.43           -             -             -
                         3 Ancillary infrastructure                               -             -            0.38          0.09           -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Spares                                                 -             -            0.10          0.09           -             -
                         6 Land used for communications plant                     -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                       -             -            0.91          0.19           -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Control room and control infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -            1.14          0.28           -             -
                         4 Other                                                  -             -            0.10           -             -             -
                         5 Land used for system operations                        -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -            1.24          0.28           -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -            0.05           -             -             -
                         2 Plant, tools, and equipment                            -             -            0.10           -             -             -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -             -
                         4 Commercial buildings                                   -             -             -             -             -             -
                         5 Land (all remaining land)                              -             -             -             -             -             -
                         6 Other                                                  -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                          -             -            0.14           -             -             -
                   Allocated Overhead Capitalized                                 -             -             -             -             -             -
                   Total Capital Expenditure                                      -            1.46          6.20          0.93           -             -
                   For info only - Total Capital Expenditure (nominal)            -            1.50          6.50          1.00           -             -




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                 Visayas
                    New


                      Northern Panay Backbone Project                            Network Projects                  Load growth                 100% new assets
                           Region: Visayas                                            Status: New              Who: TransCo
                                                                                      US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                           Asset Category                                                       2005      2006          2007         2008              2009        2010
                           (a) Transmission Lines
                                 1 Buildings, civil works and establishment                    -             -             -             -             -             -
                                 2 Towers and associated lines                                 -            0.87          5.24          2.71           -             -
                                 3 Poles and associated lines                                  -            0.01          0.09          0.05           -             -
                                 4 Underground cables                                          -             -             -             -             -             -
                                 5 Submarine cables                                            -             -             -             -             -             -
                                 6 Easements owned by the Regulated Entity                     -             -             -             -             -             -
                                 7 Other                                                       -             -             -             -             -             -
                                 8 Spares                                                      -             -             -             -             -             -
                                 9 Land used for transmission lines                            -             -             -             -             -             -
                                Tot Sub-total Transmission Lines                               -            0.88          5.33          2.76           -             -
                           (b) Substation Components
                                 1 Buildings, civil works and establishment                    -             -             -             -             -             -
                                 2 Transformers (power)                                        -            0.18          1.08          0.02           -             -
                                 3 Circuit breakers                                            -            0.04          0.26          0.14           -             -
                                 4 Instrument transformers                                     -            0.01          0.07          0.04           -             -
                                 5 Meters and protection                                       -            0.08          0.50          0.26           -             -
                                 6 Capacitors and reactors                                     -             -             -             -             -             -
                                 7 Buswork                                                     -            0.02          0.12          0.06           -             -
                                 8 Other                                                       -            0.30          1.77          1.29           -             -
                                 9 Spares                                                      -            0.02          0.15          0.08           -             -
                                10 Land used for substations                                   -             -             -             -             -             -
                                Tot Sub-total Substation Components                            -            0.66          3.95          1.89           -             -
                           (c) Communication Plant
                                 1 Buildings, civil works and establishment                    -             -             -             -             -             -
                                 2 Communications plant and infrastructure                     -             -             -             -             -             -
                                 3 Ancillary infrastructure                                    -             -             -             -             -             -
                                 4 Other                                                       -             -             -             -             -             -
                                 5 Spares                                                      -             -             -             -             -             -
                                 6 Land used for communications plant                          -             -             -             -             -             -
                                Tot Sub-total UG Transmission Lines                            -             -             -             -             -             -
                           (d) System Operations
                                 1 Buildings, civil works and establishment                    -             -             -             -             -             -
                                 2 Control room and control infrastructure                     -             -             -             -             -             -
                                 3 Ancillary infrastructure                                    -             -             -             -             -             -
                                 4 Other                                                       -             -             -             -             -             -
                                 5 Land used for system operations                             -             -             -             -             -             -
                                Tot Sub-total Substation Components                            -             -             -             -             -             -
                           (e) Non-network Assets
                                 1 Computers, and office equipment                             -             -             -             -             -             -
                                 2 Plant, tools, and equipment                                 -             -             -             -             -             -
                                 3 Furniture, fixtures, and fittings                           -             -             -             -             -             -
                                 4 Commercial buildings                                        -             -             -             -             -             -
                                 5 Land (all remaining land)                                   -             -             -             -             -             -
                                 6 Other                                                       -             -             -             -             -             -
                                Tot Sub-total Non-Network Assets                               -             -             -             -             -             -
                           Allocated Overhead Capitalized                                      -             -             -             -             -             -
                           Total Capital Expenditure                                           -            1.55          9.28          4.64           -             -
                           For info only - Total Capital Expenditure (nominal)                 -            1.58          9.73          4.98           -             -




Page 45 of 213                                                                                                                                                   C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Mindanao
                    Ongoing


                      Mindanao S/S Expansion Project                           Network Projects                 Load growth                 100% new assets
                         Region: Mindanao                                           Status: Ongoing          Who: TransCo
                                                                                    US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                         Asset Category                                                       2005      2006          2007         2008              2009       2010
                         (a) Transmission Lines
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Towers and associated lines                                 -             -             -             -             -            -
                               3 Poles and associated lines                                  -             -             -             -             -            -
                               4 Underground cables                                          -             -             -             -             -            -
                               5 Submarine cables                                            -             -             -             -             -            -
                               6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                               7 Other                                                       -             -             -             -             -            -
                               8 Spares                                                      -             -             -             -             -            -
                               9 Land used for transmission lines                            -             -             -             -             -            -
                              Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                         (b) Substation Components
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Transformers (power)                                        -             -             -             -             -            -
                               3 Circuit breakers                                            -             -             -             -             -            -
                               4 Instrument transformers                                     -             -             -             -             -            -
                               5 Meters and protection                                       -             -             -             -             -            -
                               6 Capacitors and reactors                                     -             -             -             -             -            -
                               7 Buswork                                                     -             -             -             -             -            -
                               8 Other                                                       -             -             -             -             -            -
                               9 Spares                                                      -             -             -             -             -            -
                              10 Land used for substations                                   -             -             -             -             -            -
                              Tot Sub-total Substation Components                            -             -             -             -             -            -
                         (c) Communication Plant
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Communications plant and infrastructure                     -             -             -             -             -            -
                               3 Ancillary infrastructure                                    -             -             -             -             -            -
                               4 Other                                                       -             -             -             -             -            -
                               5 Spares                                                      -             -             -             -             -            -
                               6 Land used for communications plant                          -             -             -             -             -            -
                              Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                         (d) System Operations
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Control room and control infrastructure                     -             -             -             -             -            -
                               3 Ancillary infrastructure                                    -             -             -             -             -            -
                               4 Other                                                       -             -             -             -             -            -
                               5 Land used for system operations                             -             -             -             -             -            -
                              Tot Sub-total Substation Components                            -             -             -             -             -            -
                         (e) Non-network Assets
                               1 Computers, and office equipment                             -             -             -             -             -            -
                               2 Plant, tools, and equipment                                 -             -             -             -             -            -
                               3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                               4 Commercial buildings                                        -             -             -             -             -            -
                               5 Land (all remaining land)                                   -             -             -             -             -            -
                               6 Other                                                       -             -             -             -             -            -
                              Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                         Allocated Overhead Capitalized                                      -             -             -             -             -            -
                         Total Capital Expenditure                                           -             -             -             -             -            -
                         For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 46 of 213                                                                                                                                                C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Maco Substation                                         Network Projects                 Load growth                 100% new assets
                   Region: Mindanao                                           Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 47 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Bunawan S/S                                             Network Projects                 Load growth                 100% new assets
                   Region: Mindanao                                           Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 48 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Zamboanga City Area 138kV T/L Project                   Network Projects                  Load growth                 100% new assets
                   Region: Mindanao                                           Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Towers and associated lines                                1.70          0.27           -             -             -             -
                         3 Poles and associated lines                                  -             -             -             -             -             -
                         4 Underground cables                                          -             -             -             -             -             -
                         5 Submarine cables                                            -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -             -
                         7 Other                                                       -             -             -             -             -             -
                         8 Spares                                                      -             -             -             -             -             -
                         9 Land used for transmission lines                            -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                              1.70          0.27           -             -             -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Transformers (power)                                        -            1.05          1.15          1.56           -             -
                         3 Circuit breakers                                            -            2.01          3.34          2.99           -             -
                         4 Instrument transformers                                     -             -             -             -             -             -
                         5 Meters and protection                                       -             -             -             -             -             -
                         6 Capacitors and reactors                                     -             -             -             -             -             -
                         7 Buswork                                                     -             -             -             -             -             -
                         8 Other                                                       -             -             -             -             -             -
                         9 Spares                                                      -             -             -             -             -             -
                        10 Land used for substations                                   -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -            3.07          4.49          4.55           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Communications plant and infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Spares                                                      -             -             -             -             -             -
                         6 Land used for communications plant                          -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -             -
                         2 Control room and control infrastructure                     -             -             -             -             -             -
                         3 Ancillary infrastructure                                    -             -             -             -             -             -
                         4 Other                                                       -             -             -             -             -             -
                         5 Land used for system operations                             -             -             -             -             -             -
                        Tot Sub-total Substation Components                            -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -             -
                         2 Plant, tools, and equipment                                 -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -             -
                         4 Commercial buildings                                        -             -             -             -             -             -
                         5 Land (all remaining land)                                   -             -             -             -             -             -
                         6 Other                                                       -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -             -
                   Allocated Overhead Capitalized                                      -             -             -             -             -             -
                   Total Capital Expenditure                                          1.70          3.34          4.49          4.55           -             -
                   For info only - Total Capital Expenditure (nominal)                1.70          3.42          4.71          4.89           -             -




Page 49 of 213                                                                                                                                           C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                         Network Projects
                 Gen.Santos-Tacurong-Nuling Trans.Reinf.Proj.                                         Load growth                100% new assets
                   Region: Mindanao                                      Status: Ongoing          Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -            3.16          2.70           -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -            0.58          0.57           -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -            3.75          3.27           -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Transformers (power)                                   -            1.05          1.03           -             -            -
                         3 Circuit breakers                                       -            1.25          1.22           -             -            -
                         4 Instrument transformers                                -             -             -             -             -            -
                         5 Meters and protection                                  -             -             -             -             -            -
                         6 Capacitors and reactors                                -             -             -             -             -            -
                         7 Buswork                                                -             -             -             -             -            -
                         8 Other                                                  -            0.19          0.19           -             -            -
                         9 Spares                                                 -             -             -             -             -            -
                        10 Land used for substations                              -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -            2.50          2.44           -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -            -
                         2 Plant, tools, and equipment                            -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                         4 Commercial buildings                                   -             -             -             -             -            -
                         5 Land (all remaining land)                              -             -             -             -             -            -
                         6 Other                                                  -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                   Allocated Overhead Capitalized                                 -             -             -             -             -            -
                   Total Capital Expenditure                                      -            6.25          5.71           -             -            -
                   For info only - Total Capital Expenditure (nominal)            -            6.40          5.99           -             -            -




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                 Mindanao Subtransmission Projects-I                     Network Projects                 Load growth                 100% new assets
                   Region: Mindanao                                           Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                 Mindanao S/S Expansion - 2005                           Network Projects                  Load growth                100% new assets
                   Region: Mindanao                                           Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -            5.02          0.45           -             -            -
                         3 Circuit breakers                                            -            2.10          0.20           -             -            -
                         4 Instrument transformers                                     -            0.60          0.06           -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -            3.23          0.43           -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -           10.94          1.15           -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -           10.94          1.15           -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -           11.21          1.21           -             -            -




Page 52 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Abaga-Kirahon 230kV TL Project                          Network Projects                  Load growth                100% new assets
                   Region: Mindanao                                           Status: Ongoing          Who: TransCo
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -            8.98         13.21           -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -            8.98         13.21           -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -            2.18          3.20           -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -            0.56          0.82           -             -            -
                         4 Instrument transformers                                     -            0.58          0.86           -             -            -
                         5 Meters and protection                                       -            0.59          0.87           -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -            0.17          0.26           -             -            -
                         8 Other                                                       -            0.91          1.34           -             -            -
                         9 Spares                                                      -            0.05          0.07           -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -            5.05          7.42           -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -            0.04          0.06           -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -            0.35          0.51           -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -            0.38          0.57           -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -           14.42         21.20           -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -           14.76         22.23           -             -            -




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                 Mindanao
                    New

                      San Francisco 138kV S/S Project (New)                       Network Projects                 Load growth                 100% new assets
                            Region: Mindanao                                           Status: New              Who: TransCo
                                                                                       US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                            Asset Category                                                       2005      2006          2007         2008              2009       2010
                            (a) Transmission Lines
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Towers and associated lines                                 -             -             -             -             -            -
                                  3 Poles and associated lines                                  -             -             -             -             -            -
                                  4 Underground cables                                          -             -             -             -             -            -
                                  5 Submarine cables                                            -             -             -             -             -            -
                                  6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                                  7 Other                                                       -             -             -             -             -            -
                                  8 Spares                                                      -             -             -             -             -            -
                                  9 Land used for transmission lines                            -             -             -             -             -            -
                                 Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                            (b) Substation Components
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Transformers (power)                                        -             -             -             -             -            -
                                  3 Circuit breakers                                            -             -             -             -             -            -
                                  4 Instrument transformers                                     -             -             -             -             -            -
                                  5 Meters and protection                                       -             -             -             -             -            -
                                  6 Capacitors and reactors                                     -             -             -             -             -            -
                                  7 Buswork                                                     -             -             -             -             -            -
                                  8 Other                                                       -             -             -             -             -            -
                                  9 Spares                                                      -             -             -             -             -            -
                                 10 Land used for substations                                   -             -             -             -             -            -
                                 Tot Sub-total Substation Components                            -             -             -             -             -            -
                            (c) Communication Plant
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Communications plant and infrastructure                     -             -             -             -             -            -
                                  3 Ancillary infrastructure                                    -             -             -             -             -            -
                                  4 Other                                                       -             -             -             -             -            -
                                  5 Spares                                                      -             -             -             -             -            -
                                  6 Land used for communications plant                          -             -             -             -             -            -
                                 Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                            (d) System Operations
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Control room and control infrastructure                     -             -             -             -             -            -
                                  3 Ancillary infrastructure                                    -             -             -             -             -            -
                                  4 Other                                                       -             -             -             -             -            -
                                  5 Land used for system operations                             -             -             -             -             -            -
                                 Tot Sub-total Substation Components                            -             -             -             -             -            -
                            (e) Non-network Assets
                                  1 Computers, and office equipment                             -             -             -             -             -            -
                                  2 Plant, tools, and equipment                                 -             -             -             -             -            -
                                  3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                                  4 Commercial buildings                                        -             -             -             -             -            -
                                  5 Land (all remaining land)                                   -             -             -             -             -            -
                                  6 Other                                                       -             -             -             -             -            -
                                 Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                            Allocated Overhead Capitalized                                      -             -             -             -             -            -
                            Total Capital Expenditure                                           -             -             -             -             -            -
                            For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 54 of 213                                                                                                                                                   C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                          Network
                 Aurora-Polanco(Dipolog) 138kV TL Proj (Turnkey) Projects                            Load growth                  100% new assets
                   Region: Mindanao                                      Status: New              Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Towers and associated lines                            -             -            0.92          6.43          0.92           -
                         3 Poles and associated lines                             -             -            0.06          0.39          0.06           -
                         4 Underground cables                                     -             -             -             -             -             -
                         5 Submarine cables                                       -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -             -
                         7 Other                                                  -             -             -             -             -             -
                         8 Spares                                                 -             -             -             -             -             -
                         9 Land used for transmission lines                       -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                          -             -            0.97          6.82          0.97           -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Transformers (power)                                   -             -            0.11          0.76          0.11           -
                         3 Circuit breakers                                       -             -            0.08          0.56          0.08           -
                         4 Instrument transformers                                -             -            0.05          0.35          0.05           -
                         5 Meters and protection                                  -             -            0.03          0.18          0.03           -
                         6 Capacitors and reactors                                -             -             -             -             -             -
                         7 Buswork                                                -             -            0.00          0.03          0.00           -
                         8 Other                                                  -             -            0.14          0.99          0.14           -
                         9 Spares                                                 -             -            0.01          0.10          0.01           -
                        10 Land used for substations                              -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -            0.42          2.97          0.42           -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Communications plant and infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Spares                                                 -             -             -             -             -             -
                         6 Land used for communications plant                     -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Control room and control infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Land used for system operations                        -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -             -
                         2 Plant, tools, and equipment                            -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -             -
                         4 Commercial buildings                                   -             -             -             -             -             -
                         5 Land (all remaining land)                              -             -             -             -             -             -
                         6 Other                                                  -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -             -
                   Allocated Overhead Capitalized                                 -             -             -             -             -             -
                   Total Capital Expenditure                                      -             -            1.40          9.79          1.40           -
                   For info only - Total Capital Expenditure (nominal)            -             -            1.47         10.51          1.54           -




Page 55 of 213                                                                                                                                      C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                         Network 1)
                 Pulangui-Bunawan 230kV T/L Proj.(Turnkey) (Stage Projects                            Load growth                 100% new assets
                   Region: Mindanao                                      Status: New              Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Towers and associated lines                            -            7.76         11.75          0.25           -             -
                         3 Poles and associated lines                             -            0.03          0.05          0.00           -             -
                         4 Underground cables                                     -             -             -             -             -             -
                         5 Submarine cables                                       -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -             -
                         7 Other                                                  -             -             -             -             -             -
                         8 Spares                                                 -             -             -             -             -             -
                         9 Land used for transmission lines                       -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                          -            7.79         11.80          0.25           -             -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Transformers (power)                                   -            0.81          1.23          0.08           -             -
                         3 Circuit breakers                                       -            0.29          0.44          0.03           -             -
                         4 Instrument transformers                                -            0.37          0.56          0.03           -             -
                         5 Meters and protection                                  -            0.09          0.14          0.01           -             -
                         6 Capacitors and reactors                                -             -             -             -             -             -
                         7 Buswork                                                -            0.16          0.25          0.01           -             -
                         8 Other                                                  -            0.87          0.95           -             -             -
                         9 Spares                                                 -            0.12          0.18          0.01           -             -
                        10 Land used for substations                              -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -            2.71          3.74          0.17           -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Communications plant and infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Spares                                                 -             -             -             -             -             -
                         6 Land used for communications plant                     -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Control room and control infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Land used for system operations                        -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -             -
                         2 Plant, tools, and equipment                            -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -             -
                         4 Commercial buildings                                   -             -             -             -             -             -
                         5 Land (all remaining land)                              -             -             -             -             -             -
                         6 Other                                                  -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -             -
                   Allocated Overhead Capitalized                                 -             -             -             -             -             -
                   Total Capital Expenditure                                      -           10.50         15.54          0.42           -             -
                   For info only - Total Capital Expenditure (nominal)            -           10.75         16.30          0.45           -             -




Page 56 of 213                                                                                                                                      C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                           Network
                 Mindanao Reliability Compliance (N-1) Project 1 Projects                            Load growth                 100% new assets
                   Region: Mindanao                                      Status: New              Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Transformers (power)                                   -             -             -             -             -            -
                         3 Circuit breakers                                       -             -             -             -             -            -
                         4 Instrument transformers                                -             -             -             -             -            -
                         5 Meters and protection                                  -             -             -             -             -            -
                         6 Capacitors and reactors                                -             -             -             -             -            -
                         7 Buswork                                                -             -             -             -             -            -
                         8 Other                                                  -             -             -             -             -            -
                         9 Spares                                                 -             -             -             -             -            -
                        10 Land used for substations                              -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -            -
                         2 Plant, tools, and equipment                            -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                         4 Commercial buildings                                   -             -             -             -             -            -
                         5 Land (all remaining land)                              -             -             -             -             -            -
                         6 Other                                                  -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                   Allocated Overhead Capitalized                                 -             -             -             -             -            -
                   Total Capital Expenditure                                      -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




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                                                        Network Projects
                 Kirahon-Pulangui 230KV Transmission Backbone (Stage 2)                              Load growth                  100% new assets
                   Region: Mindanao                                      Status: New              Who: TransCo
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006          2007         2008              2009        2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Towers and associated lines                            -             -             -            8.09         11.89           -
                         3 Poles and associated lines                             -             -             -             -             -             -
                         4 Underground cables                                     -             -             -             -             -             -
                         5 Submarine cables                                       -             -             -             -             -             -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -             -
                         7 Other                                                  -             -             -             -             -             -
                         8 Spares                                                 -             -             -             -             -             -
                         9 Land used for transmission lines                       -             -             -             -             -             -
                        Tot Sub-total Transmission Lines                          -             -             -            8.09         11.89           -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Transformers (power)                                   -             -             -             -             -             -
                         3 Circuit breakers                                       -             -             -             -             -             -
                         4 Instrument transformers                                -             -             -             -             -             -
                         5 Meters and protection                                  -             -             -             -             -             -
                         6 Capacitors and reactors                                -             -             -             -             -             -
                         7 Buswork                                                -             -             -             -             -             -
                         8 Other                                                  -             -             -             -             -             -
                         9 Spares                                                 -             -             -             -             -             -
                        10 Land used for substations                              -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -             -             -             -             -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Communications plant and infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Spares                                                 -             -             -             -             -             -
                         6 Land used for communications plant                     -             -             -             -             -             -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -             -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -             -
                         2 Control room and control infrastructure                -             -             -             -             -             -
                         3 Ancillary infrastructure                               -             -             -             -             -             -
                         4 Other                                                  -             -             -             -             -             -
                         5 Land used for system operations                        -             -             -             -             -             -
                        Tot Sub-total Substation Components                       -             -             -             -             -             -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -             -
                         2 Plant, tools, and equipment                            -             -             -             -             -             -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -             -
                         4 Commercial buildings                                   -             -             -             -             -             -
                         5 Land (all remaining land)                              -             -             -             -             -             -
                         6 Other                                                  -             -             -             -             -             -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -             -
                   Allocated Overhead Capitalized                                 -             -             -             -             -             -
                   Total Capital Expenditure                                      -             -             -            8.09         11.89           -
                   For info only - Total Capital Expenditure (nominal)            -             -             -            8.68         13.07           -




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                 Network Control Safety & Metering projects
                   All
                         New


                                            Network Control
                           Network Control Centre Projects Safety & Metering projects                            Non-growth                  100% new assets
                               Region: All                                           Status: New              Who: TransCo
                                                                                     US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                               Asset Category                                                  2005      2006          2007         2008              2009       2010
                               (a) Transmission Lines
                                     1 Buildings, civil works and establishment               -             -             -             -             -            -
                                     2 Towers and associated lines                            -             -             -             -             -            -
                                     3 Poles and associated lines                             -             -             -             -             -            -
                                     4 Underground cables                                     -             -             -             -             -            -
                                     5 Submarine cables                                       -             -             -             -             -            -
                                     6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                                     7 Other                                                  -             -             -             -             -            -
                                     8 Spares                                                 -             -             -             -             -            -
                                     9 Land used for transmission lines                       -             -             -             -             -            -
                                    Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                               (b) Substation Components
                                     1 Buildings, civil works and establishment               -             -             -             -             -            -
                                     2 Transformers (power)                                   -             -             -             -             -            -
                                     3 Circuit breakers                                       -             -             -             -             -            -
                                     4 Instrument transformers                                -             -             -             -             -            -
                                     5 Meters and protection                                  -             -             -             -             -            -
                                     6 Capacitors and reactors                                -             -             -             -             -            -
                                     7 Buswork                                                -             -             -             -             -            -
                                     8 Other                                                  -             -             -             -             -            -
                                     9 Spares                                                 -             -             -             -             -            -
                                    10 Land used for substations                              -             -             -             -             -            -
                                    Tot Sub-total Substation Components                       -             -             -             -             -            -
                               (c) Communication Plant
                                     1 Buildings, civil works and establishment               -             -             -             -             -            -
                                     2 Communications plant and infrastructure                -             -             -             -             -            -
                                     3 Ancillary infrastructure                               -             -             -             -             -            -
                                     4 Other                                                  -             -             -             -             -            -
                                     5 Spares                                                 -             -             -             -             -            -
                                     6 Land used for communications plant                     -             -             -             -             -            -
                                    Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                               (d) System Operations
                                     1 Buildings, civil works and establishment               -             -             -             -             -            -
                                     2 Control room and control infrastructure                -             -             -             -             -            -
                                     3 Ancillary infrastructure                               -             -             -             -             -            -
                                     4 Other                                                  -             -             -             -             -            -
                                     5 Land used for system operations                        -             -             -             -             -            -
                                    Tot Sub-total Substation Components                       -             -             -             -             -            -
                               (e) Non-network Assets
                                     1 Computers, and office equipment                        -             -             -             -             -            -
                                     2 Plant, tools, and equipment                            -             -             -             -             -            -
                                     3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                                     4 Commercial buildings                                   -             -             -             -             -            -
                                     5 Land (all remaining land)                              -             -             -             -             -            -
                                     6 Other                                                  -             -             -             -             -            -
                                    Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                               Allocated Overhead Capitalized                                 -             -             -             -             -            -
                               Total Capital Expenditure                                      -             -             -             -             -            -
                               For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




Page 59 of 213                                                                                                                                                 C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Non-network projects
                   Eng
                     New

                       Warehousing of Mind. Stockyards                           Non-network projects                 Non-growth                  100% new assets
                           Region: Eng                                                    Status: New              Who: TransCo
                                                                                          US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                           Asset Category                                                           2005      2006          2007         2008              2009       2010
                           (a) Transmission Lines
                                 1 Buildings, civil works and establishment                        -             -             -             -             -            -
                                 2 Towers and associated lines                                     -             -             -             -             -            -
                                 3 Poles and associated lines                                      -             -             -             -             -            -
                                 4 Underground cables                                              -             -             -             -             -            -
                                 5 Submarine cables                                                -             -             -             -             -            -
                                 6 Easements owned by the Regulated Entity                         -             -             -             -             -            -
                                 7 Other                                                           -             -             -             -             -            -
                                 8 Spares                                                          -             -             -             -             -            -
                                 9 Land used for transmission lines                                -             -             -             -             -            -
                                Tot Sub-total Transmission Lines                                   -             -             -             -             -            -
                           (b) Substation Components
                                 1 Buildings, civil works and establishment                        -             -             -             -             -            -
                                 2 Transformers (power)                                            -             -             -             -             -            -
                                 3 Circuit breakers                                                -             -             -             -             -            -
                                 4 Instrument transformers                                         -             -             -             -             -            -
                                 5 Meters and protection                                           -             -             -             -             -            -
                                 6 Capacitors and reactors                                         -             -             -             -             -            -
                                 7 Buswork                                                         -             -             -             -             -            -
                                 8 Other                                                           -             -             -             -             -            -
                                 9 Spares                                                          -             -             -             -             -            -
                                10 Land used for substations                                       -             -             -             -             -            -
                                Tot Sub-total Substation Components                                -             -             -             -             -            -
                           (c) Communication Plant
                                 1 Buildings, civil works and establishment                        -             -             -             -             -            -
                                 2 Communications plant and infrastructure                         -             -             -             -             -            -
                                 3 Ancillary infrastructure                                        -             -             -             -             -            -
                                 4 Other                                                           -             -             -             -             -            -
                                 5 Spares                                                          -             -             -             -             -            -
                                 6 Land used for communications plant                              -             -             -             -             -            -
                                Tot Sub-total UG Transmission Lines                                -             -             -             -             -            -
                           (d) System Operations
                                 1 Buildings, civil works and establishment                        -             -             -             -             -            -
                                 2 Control room and control infrastructure                         -             -             -             -             -            -
                                 3 Ancillary infrastructure                                        -             -             -             -             -            -
                                 4 Other                                                           -             -             -             -             -            -
                                 5 Land used for system operations                                 -             -             -             -             -            -
                                Tot Sub-total Substation Components                                -             -             -             -             -            -
                           (e) Non-network Assets
                                 1 Computers, and office equipment                                 -             -             -             -             -            -
                                 2 Plant, tools, and equipment                                     -             -             -             -             -            -
                                 3 Furniture, fixtures, and fittings                               -             -             -             -             -            -
                                 4 Commercial buildings                                            -             -             -             -             -            -
                                 5 Land (all remaining land)                                       -             -             -             -             -            -
                                 6 Other                                                           -             -             -             -             -            -
                                Tot Sub-total Non-Network Assets                                   -             -             -             -             -            -
                           Allocated Overhead Capitalized                                          -             -             -             -             -            -
                           Total Capital Expenditure                                               -             -             -             -             -            -
                           For info only - Total Capital Expenditure (nominal)                     -             -             -             -             -            -




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                 Others not in the TDP                                   Non-network projects                 Non-growth                  100% new assets
                   Region: Eng                                                    Status: New              Who: TransCo
                                                                                  US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                           2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                        -             -             -             -             -            -
                         2 Towers and associated lines                                     -             -             -             -             -            -
                         3 Poles and associated lines                                      -             -             -             -             -            -
                         4 Underground cables                                              -             -             -             -             -            -
                         5 Submarine cables                                                -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                         -             -             -             -             -            -
                         7 Other                                                           -             -             -             -             -            -
                         8 Spares                                                          -             -             -             -             -            -
                         9 Land used for transmission lines                                -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                                   -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                        -             -             -             -             -            -
                         2 Transformers (power)                                            -             -             -             -             -            -
                         3 Circuit breakers                                                -             -             -             -             -            -
                         4 Instrument transformers                                         -             -             -             -             -            -
                         5 Meters and protection                                           -             -             -             -             -            -
                         6 Capacitors and reactors                                         -             -             -             -             -            -
                         7 Buswork                                                         -             -             -             -             -            -
                         8 Other                                                           -             -             -             -             -            -
                         9 Spares                                                          -             -             -             -             -            -
                        10 Land used for substations                                       -             -             -             -             -            -
                        Tot Sub-total Substation Components                                -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                        -             -             -             -             -            -
                         2 Communications plant and infrastructure                         -             -             -             -             -            -
                         3 Ancillary infrastructure                                        -             -             -             -             -            -
                         4 Other                                                           -             -             -             -             -            -
                         5 Spares                                                          -             -             -             -             -            -
                         6 Land used for communications plant                              -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                                -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                        -             -             -             -             -            -
                         2 Control room and control infrastructure                         -             -             -             -             -            -
                         3 Ancillary infrastructure                                        -             -             -             -             -            -
                         4 Other                                                           -             -             -             -             -            -
                         5 Land used for system operations                                 -             -             -             -             -            -
                        Tot Sub-total Substation Components                                -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                                 -             -             -             -             -            -
                         2 Plant, tools, and equipment                                     -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                               -             -             -             -             -            -
                         4 Commercial buildings                                            -             -             -             -             -            -
                         5 Land (all remaining land)                                       -             -             -             -             -            -
                         6 Other                                                           -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                                   -             -             -             -             -            -
                   Allocated Overhead Capitalized                                          -             -             -             -             -            -
                   Total Capital Expenditure                                               -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                     -             -             -             -             -            -




Page 61 of 213                                                                                                                                              C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Capitalised overheads
                   All
                         All

                               Allocated overheads - Engineering                       Non-network projects        Non-growth                  100% new assets
                                 Region: All                                           Status: All                 Who: TransCo
                                 Allocated Overhead Capitalized                                      -        -              -            -             -            -
                                 Total Capital Expenditure                                           -        -              -            -             -            -
                                 For info only - Total Capital Expenditure (nominal)                 -        -              -            -             -            -


                               Allocated overheads - Admin                             Capitalised overheads Non-growth                        100% new assets
                                 Region: All                                           Status: All                 Who: TransCo
                                 Allocated Overhead Capitalized                                      -        -              -            -             -            -
                                 Total Capital Expenditure                                           -        -              -            -             -            -
                                 For info only - Total Capital Expenditure (nominal)                 -        -              -            -             -            -


                                                                             Capitalised overheads Non-growth
                               Allocated overheads - Site Managemenet & Projects                                                               100% new assets
                                 Region: All                                           Status: All                 Who: TransCo
                                 Allocated Overhead Capitalized                                      -        -              -            -             -            -
                                 Total Capital Expenditure                                           -        -              -            -             -            -
                                 For info only - Total Capital Expenditure (nominal)                 -        -              -            -             -            -


                                                                               Capitalised overheads Non-growth
                               Allocated overheads - Interest During Construction                                                              100% new assets
                                 Region: All                                           Status: All                 Who: TransCo
                                 Allocated Overhead Capitalized                                      -        -              -            -             -            -
                                 Total Capital Expenditure                                           -        -              -            -             -            -
                                 For info only - Total Capital Expenditure (nominal)                 -        -              -            -             -            -


                                                                                Network Projects
                               Provision for land use costs from pending litigation                                Non-growth                  100% new assets
                                 Region: All                                           Status: Ongoing          Who: TransCo
                                                                                       US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                                 Asset Category                                                  2005      2006          2007         2008              2009       2010
                                 (a) Transmission Lines
                                       9 Land used for transmission lines                            -        -             -             -             -            -
                                 Total Capital Expenditure                                           -        -             -             -             -            -
                                 For info only - Total Capital Expenditure (nominal)                 -        -             -             -             -            -




Page 62 of 213                                                                                                                                                   C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Non-network projects
                   HO
                        New

                          Metering Services Group                                   Non-network projects                  Non-growth                 100% new assets
                              Region: HO                                                     Status: New              Who: TransCo
                                                                                             US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                              Asset Category                                                           2005      2006          2007         2008              2009       2010
                              (a) Transmission Lines
                                    1 Buildings, civil works and establishment                        -             -             -             -             -            -
                                    2 Towers and associated lines                                     -             -             -             -             -            -
                                    3 Poles and associated lines                                      -             -             -             -             -            -
                                    4 Underground cables                                              -             -             -             -             -            -
                                    5 Submarine cables                                                -             -             -             -             -            -
                                    6 Easements owned by the Regulated Entity                         -             -             -             -             -            -
                                    7 Other                                                           -             -             -             -             -            -
                                    8 Spares                                                          -             -             -             -             -            -
                                    9 Land used for transmission lines                                -             -             -             -             -            -
                                   Tot Sub-total Transmission Lines                                   -             -             -             -             -            -
                              (b) Substation Components
                                    1 Buildings, civil works and establishment                        -             -             -             -             -            -
                                    2 Transformers (power)                                            -             -             -             -             -            -
                                    3 Circuit breakers                                                -             -             -             -             -            -
                                    4 Instrument transformers                                         -             -             -             -             -            -
                                    5 Meters and protection                                           -             -             -             -             -            -
                                    6 Capacitors and reactors                                         -             -             -             -             -            -
                                    7 Buswork                                                         -             -             -             -             -            -
                                    8 Other                                                           -             -             -             -             -            -
                                    9 Spares                                                          -             -             -             -             -            -
                                   10 Land used for substations                                       -             -             -             -             -            -
                                   Tot Sub-total Substation Components                                -             -             -             -             -            -
                              (c) Communication Plant
                                    1 Buildings, civil works and establishment                        -             -             -             -             -            -
                                    2 Communications plant and infrastructure                         -             -             -             -             -            -
                                    3 Ancillary infrastructure                                        -             -             -             -             -            -
                                    4 Other                                                           -             -             -             -             -            -
                                    5 Spares                                                          -             -             -             -             -            -
                                    6 Land used for communications plant                              -             -             -             -             -            -
                                   Tot Sub-total UG Transmission Lines                                -             -             -             -             -            -
                              (d) System Operations
                                    1 Buildings, civil works and establishment                        -             -             -             -             -            -
                                    2 Control room and control infrastructure                         -             -             -             -             -            -
                                    3 Ancillary infrastructure                                       2.21          1.23           -             -             -            -
                                    4 Other                                                           -             -             -             -             -            -
                                    5 Land used for system operations                                 -             -             -             -             -            -
                                   Tot Sub-total Substation Components                               2.21          1.23           -             -             -            -
                              (e) Non-network Assets
                                    1 Computers, and office equipment                                 -             -             -             -             -            -
                                    2 Plant, tools, and equipment                                     -             -             -             -             -            -
                                    3 Furniture, fixtures, and fittings                               -             -             -             -             -            -
                                    4 Commercial buildings                                            -             -             -             -             -            -
                                    5 Land (all remaining land)                                       -             -             -             -             -            -
                                    6 Other                                                           -             -             -             -             -            -
                                   Tot Sub-total Non-Network Assets                                   -             -             -             -             -            -
                              Allocated Overhead Capitalized                                          -             -             -             -             -            -
                              Total Capital Expenditure                                              2.21          1.23           -             -             -            -
                              For info only - Total Capital Expenditure (nominal)                    2.21          1.26           -             -             -            -




Page 63 of 213                                                                                                                                                         C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Head Office (excl MSG) - Transco                        Non-network projects                 Non-growth                  100% new assets
                   Region: HO                                                     Status: New              Who: TransCo
                                                                                  US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                           2005      2006          2007         2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                        -             -             -             -             -            -
                         2 Towers and associated lines                                     -             -             -             -             -            -
                         3 Poles and associated lines                                      -             -             -             -             -            -
                         4 Underground cables                                              -             -             -             -             -            -
                         5 Submarine cables                                                -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                         -             -             -             -             -            -
                         7 Other                                                           -             -             -             -             -            -
                         8 Spares                                                          -             -             -             -             -            -
                         9 Land used for transmission lines                                -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                                   -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                        -             -             -             -             -            -
                         2 Transformers (power)                                            -             -             -             -             -            -
                         3 Circuit breakers                                                -             -             -             -             -            -
                         4 Instrument transformers                                         -             -             -             -             -            -
                         5 Meters and protection                                           -             -             -             -             -            -
                         6 Capacitors and reactors                                         -             -             -             -             -            -
                         7 Buswork                                                         -             -             -             -             -            -
                         8 Other                                                           -             -             -             -             -            -
                         9 Spares                                                          -             -             -             -             -            -
                        10 Land used for substations                                       -             -             -             -             -            -
                        Tot Sub-total Substation Components                                -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                        -             -             -             -             -            -
                         2 Communications plant and infrastructure                         -             -             -             -             -            -
                         3 Ancillary infrastructure                                        -             -             -             -             -            -
                         4 Other                                                           -             -             -             -             -            -
                         5 Spares                                                          -             -             -             -             -            -
                         6 Land used for communications plant                              -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                                -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                        -             -             -             -             -            -
                         2 Control room and control infrastructure                         -             -             -             -             -            -
                         3 Ancillary infrastructure                                        -             -             -             -             -            -
                         4 Other                                                           -             -             -             -             -            -
                         5 Land used for system operations                                 -             -             -             -             -            -
                        Tot Sub-total Substation Components                                -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                                 -             -             -             -             -            -
                         2 Plant, tools, and equipment                                     -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                               -             -             -             -             -            -
                         4 Commercial buildings                                            -             -             -             -             -            -
                         5 Land (all remaining land)                                       -             -             -             -             -            -
                         6 Other                                                           -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                                   -             -             -             -             -            -
                   Allocated Overhead Capitalized                                          -             -             -             -             -            -
                   Total Capital Expenditure                                               -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                     -             -             -             -             -            -




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                 Network Control Safety & Metering projects
                   System Operations
                      New

                                          - TransCo
                        System OperationsNetwork Control Safety & Metering projects                           Non-growth                 100% new assets
                           Region: System Operations                             Status: New              Who: TransCo
                                                                                 US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                           Asset Category                                                  2005      2006          2007         2008              2009       2010
                           (a) Transmission Lines
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Towers and associated lines                            -             -             -             -             -            -
                                 3 Poles and associated lines                             -             -             -             -             -            -
                                 4 Underground cables                                     -             -             -             -             -            -
                                 5 Submarine cables                                       -             -             -             -             -            -
                                 6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                                 7 Other                                                  -             -             -             -             -            -
                                 8 Spares                                                 -             -             -             -             -            -
                                 9 Land used for transmission lines                       -             -             -             -             -            -
                                Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                           (b) Substation Components
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Transformers (power)                                   -             -             -             -             -            -
                                 3 Circuit breakers                                       -             -             -             -             -            -
                                 4 Instrument transformers                                -             -             -             -             -            -
                                 5 Meters and protection                                  -             -             -             -             -            -
                                 6 Capacitors and reactors                                -             -             -             -             -            -
                                 7 Buswork                                                -             -             -             -             -            -
                                 8 Other                                                  -             -             -             -             -            -
                                 9 Spares                                                 -             -             -             -             -            -
                                10 Land used for substations                              -             -             -             -             -            -
                                Tot Sub-total Substation Components                       -             -             -             -             -            -
                           (c) Communication Plant
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Communications plant and infrastructure                -             -             -             -             -            -
                                 3 Ancillary infrastructure                               -             -             -             -             -            -
                                 4 Other                                                  -             -             -             -             -            -
                                 5 Spares                                                 -             -             -             -             -            -
                                 6 Land used for communications plant                     -             -             -             -             -            -
                                Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                           (d) System Operations
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Control room and control infrastructure                -             -             -             -             -            -
                                 3 Ancillary infrastructure                              0.94          0.18           -             -             -            -
                                 4 Other                                                  -             -             -             -             -            -
                                 5 Land used for system operations                        -             -             -             -             -            -
                                Tot Sub-total Substation Components                      0.94          0.18           -             -             -            -
                           (e) Non-network Assets
                                 1 Computers, and office equipment                        -             -             -             -             -            -
                                 2 Plant, tools, and equipment                            -             -             -             -             -            -
                                 3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                                 4 Commercial buildings                                   -             -             -             -             -            -
                                 5 Land (all remaining land)                              -             -             -             -             -            -
                                 6 Other                                                  -             -             -             -             -            -
                                Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                           Allocated Overhead Capitalized                                 -             -             -             -             -            -
                           Total Capital Expenditure                                     0.94          0.18           -             -             -            -
                           For info only - Total Capital Expenditure (nominal)           0.94          0.19           -             -             -            -




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                 Network Projects
                   North Luzon
                      O&M

                        Capitalised O&M expenses - TransCo1                      Network Projects                 Non-growth                  400% new assets
                           Region: North Luzon                                        Status: O&M              Who: TransCo
                                                                                      US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                           Asset Category                                                       2005      2006          2007         2008              2009       2010
                           (a) Transmission Lines
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Towers and associated lines                                 -             -             -             -             -            -
                                 3 Poles and associated lines                                  -             -             -             -             -            -
                                 4 Underground cables                                          -             -             -             -             -            -
                                 5 Submarine cables                                            -             -             -             -             -            -
                                 6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                                 7 Other                                                       -             -             -             -             -            -
                                 8 Spares                                                      -             -             -             -             -            -
                                 9 Land used for transmission lines                            -             -             -             -             -            -
                                Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                           (b) Substation Components
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Transformers (power)                                        -             -             -             -             -            -
                                 3 Circuit breakers                                            -             -             -             -             -            -
                                 4 Instrument transformers                                     -             -             -             -             -            -
                                 5 Meters and protection                                       -             -             -             -             -            -
                                 6 Capacitors and reactors                                     -             -             -             -             -            -
                                 7 Buswork                                                     -             -             -             -             -            -
                                 8 Other                                                       -             -             -             -             -            -
                                 9 Spares                                                      -             -             -             -             -            -
                                10 Land used for substations                                   -             -             -             -             -            -
                                Tot Sub-total Substation Components                            -             -             -             -             -            -
                           (c) Communication Plant
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Communications plant and infrastructure                     -             -             -             -             -            -
                                 3 Ancillary infrastructure                                    -             -             -             -             -            -
                                 4 Other                                                       -             -             -             -             -            -
                                 5 Spares                                                      -             -             -             -             -            -
                                 6 Land used for communications plant                          -             -             -             -             -            -
                                Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                           (d) System Operations
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Control room and control infrastructure                     -             -             -             -             -            -
                                 3 Ancillary infrastructure                                    -             -             -             -             -            -
                                 4 Other                                                       -             -             -             -             -            -
                                 5 Land used for system operations                             -             -             -             -             -            -
                                Tot Sub-total Substation Components                            -             -             -             -             -            -
                           (e) Non-network Assets
                                 1 Computers, and office equipment                             -             -             -             -             -            -
                                 2 Plant, tools, and equipment                                 -             -             -             -             -            -
                                 3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                                 4 Commercial buildings                                        -             -             -             -             -            -
                                 5 Land (all remaining land)                                   -             -             -             -             -            -
                                 6 Other                                                       -             -             -             -             -            -
                                Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                           Allocated Overhead Capitalized                                      -             -             -             -             -            -
                           Total Capital Expenditure                                           -             -             -             -             -            -
                           For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 66 of 213                                                                                                                                                  C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 South Luzon
                   O&M
                      Capitalised O&M expenses - TransCo2                      Network Projects                 Non-growth                  500% new assets
                         Region: South Luzon                                        Status: O&M              Who: TransCo
                                                                                    US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                         Asset Category                                                       2005      2006          2007         2008              2009       2010
                         (a) Transmission Lines
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Towers and associated lines                                 -             -             -             -             -            -
                               3 Poles and associated lines                                  -             -             -             -             -            -
                               4 Underground cables                                          -             -             -             -             -            -
                               5 Submarine cables                                            -             -             -             -             -            -
                               6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                               7 Other                                                       -             -             -             -             -            -
                               8 Spares                                                      -             -             -             -             -            -
                               9 Land used for transmission lines                            -             -             -             -             -            -
                              Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                         (b) Substation Components
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Transformers (power)                                        -             -             -             -             -            -
                               3 Circuit breakers                                            -             -             -             -             -            -
                               4 Instrument transformers                                     -             -             -             -             -            -
                               5 Meters and protection                                       -             -             -             -             -            -
                               6 Capacitors and reactors                                     -             -             -             -             -            -
                               7 Buswork                                                     -             -             -             -             -            -
                               8 Other                                                       -             -             -             -             -            -
                               9 Spares                                                      -             -             -             -             -            -
                              10 Land used for substations                                   -             -             -             -             -            -
                              Tot Sub-total Substation Components                            -             -             -             -             -            -
                         (c) Communication Plant
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Communications plant and infrastructure                     -             -             -             -             -            -
                               3 Ancillary infrastructure                                    -             -             -             -             -            -
                               4 Other                                                       -             -             -             -             -            -
                               5 Spares                                                      -             -             -             -             -            -
                               6 Land used for communications plant                          -             -             -             -             -            -
                              Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                         (d) System Operations
                               1 Buildings, civil works and establishment                    -             -             -             -             -            -
                               2 Control room and control infrastructure                     -             -             -             -             -            -
                               3 Ancillary infrastructure                                    -             -             -             -             -            -
                               4 Other                                                       -             -             -             -             -            -
                               5 Land used for system operations                             -             -             -             -             -            -
                              Tot Sub-total Substation Components                            -             -             -             -             -            -
                         (e) Non-network Assets
                               1 Computers, and office equipment                             -             -             -             -             -            -
                               2 Plant, tools, and equipment                                 -             -             -             -             -            -
                               3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                               4 Commercial buildings                                        -             -             -             -             -            -
                               5 Land (all remaining land)                                   -             -             -             -             -            -
                               6 Other                                                       -             -             -             -             -            -
                              Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                         Allocated Overhead Capitalized                                      -             -             -             -             -            -
                         Total Capital Expenditure                                           -             -             -             -             -            -
                         For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                 Visayas
                    O&M
                      Capitalised O&M expenses - TransCo3                        Network Projects                 Non-growth                  600% new assets
                           Region: Visayas                                            Status: O&M              Who: TransCo
                                                                                      US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                           Asset Category                                                       2005      2006          2007         2008              2009       2010
                           (a) Transmission Lines
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Towers and associated lines                                 -             -             -             -             -            -
                                 3 Poles and associated lines                                  -             -             -             -             -            -
                                 4 Underground cables                                          -             -             -             -             -            -
                                 5 Submarine cables                                            -             -             -             -             -            -
                                 6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                                 7 Other                                                       -             -             -             -             -            -
                                 8 Spares                                                      -             -             -             -             -            -
                                 9 Land used for transmission lines                            -             -             -             -             -            -
                                Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                           (b) Substation Components
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Transformers (power)                                        -             -             -             -             -            -
                                 3 Circuit breakers                                            -             -             -             -             -            -
                                 4 Instrument transformers                                     -             -             -             -             -            -
                                 5 Meters and protection                                       -             -             -             -             -            -
                                 6 Capacitors and reactors                                     -             -             -             -             -            -
                                 7 Buswork                                                     -             -             -             -             -            -
                                 8 Other                                                       -             -             -             -             -            -
                                 9 Spares                                                      -             -             -             -             -            -
                                10 Land used for substations                                   -             -             -             -             -            -
                                Tot Sub-total Substation Components                            -             -             -             -             -            -
                           (c) Communication Plant
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Communications plant and infrastructure                     -             -             -             -             -            -
                                 3 Ancillary infrastructure                                    -             -             -             -             -            -
                                 4 Other                                                       -             -             -             -             -            -
                                 5 Spares                                                      -             -             -             -             -            -
                                 6 Land used for communications plant                          -             -             -             -             -            -
                                Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                           (d) System Operations
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Control room and control infrastructure                     -             -             -             -             -            -
                                 3 Ancillary infrastructure                                    -             -             -             -             -            -
                                 4 Other                                                       -             -             -             -             -            -
                                 5 Land used for system operations                             -             -             -             -             -            -
                                Tot Sub-total Substation Components                            -             -             -             -             -            -
                           (e) Non-network Assets
                                 1 Computers, and office equipment                             -             -             -             -             -            -
                                 2 Plant, tools, and equipment                                 -             -             -             -             -            -
                                 3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                                 4 Commercial buildings                                        -             -             -             -             -            -
                                 5 Land (all remaining land)                                   -             -             -             -             -            -
                                 6 Other                                                       -             -             -             -             -            -
                                Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                           Allocated Overhead Capitalized                                      -             -             -             -             -            -
                           Total Capital Expenditure                                           -             -             -             -             -            -
                           For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                 Mindanao
                    O&M
                      Capitalised O&M expenses - TransCo4                         Network Projects                 Non-growth                  700% new assets
                            Region: Mindanao                                           Status: O&M              Who: TransCo
                                                                                       US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                            Asset Category                                                       2005      2006          2007         2008              2009       2010
                            (a) Transmission Lines
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Towers and associated lines                                 -             -             -             -             -            -
                                  3 Poles and associated lines                                  -             -             -             -             -            -
                                  4 Underground cables                                          -             -             -             -             -            -
                                  5 Submarine cables                                            -             -             -             -             -            -
                                  6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                                  7 Other                                                       -             -             -             -             -            -
                                  8 Spares                                                      -             -             -             -             -            -
                                  9 Land used for transmission lines                            -             -             -             -             -            -
                                 Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                            (b) Substation Components
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Transformers (power)                                        -             -             -             -             -            -
                                  3 Circuit breakers                                            -             -             -             -             -            -
                                  4 Instrument transformers                                     -             -             -             -             -            -
                                  5 Meters and protection                                       -             -             -             -             -            -
                                  6 Capacitors and reactors                                     -             -             -             -             -            -
                                  7 Buswork                                                     -             -             -             -             -            -
                                  8 Other                                                       -             -             -             -             -            -
                                  9 Spares                                                      -             -             -             -             -            -
                                 10 Land used for substations                                   -             -             -             -             -            -
                                 Tot Sub-total Substation Components                            -             -             -             -             -            -
                            (c) Communication Plant
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Communications plant and infrastructure                     -             -             -             -             -            -
                                  3 Ancillary infrastructure                                    -             -             -             -             -            -
                                  4 Other                                                       -             -             -             -             -            -
                                  5 Spares                                                      -             -             -             -             -            -
                                  6 Land used for communications plant                          -             -             -             -             -            -
                                 Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                            (d) System Operations
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Control room and control infrastructure                     -             -             -             -             -            -
                                  3 Ancillary infrastructure                                    -             -             -             -             -            -
                                  4 Other                                                       -             -             -             -             -            -
                                  5 Land used for system operations                             -             -             -             -             -            -
                                 Tot Sub-total Substation Components                            -             -             -             -             -            -
                            (e) Non-network Assets
                                  1 Computers, and office equipment                             -             -             -             -             -            -
                                  2 Plant, tools, and equipment                                 -             -             -             -             -            -
                                  3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                                  4 Commercial buildings                                        -             -             -             -             -            -
                                  5 Land (all remaining land)                                   -             -             -             -             -            -
                                  6 Other                                                       -             -             -             -             -            -
                                 Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                            Allocated Overhead Capitalized                                      -             -             -             -             -            -
                            Total Capital Expenditure                                           -             -             -             -             -            -
                            For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                               Projects to be implemented by the Concessionaire
                 Network Projects
                   Luzon
                      New

                        SAN JOSE 500 KV RECONFIGURATION                           Network Projects                 Non-growth                  100% new assets
                            Region: Luzon                                              Status: New              Who: Concessionaire
                                                                                       US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                            Asset Category                                                       2005      2006         2007          2008              2009       2010
                            (a) Transmission Lines
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Towers and associated lines                                 -             -             -             -             -            -
                                  3 Poles and associated lines                                  -             -             -             -             -            -
                                  4 Underground cables                                          -             -             -             -             -            -
                                  5 Submarine cables                                            -             -             -             -             -            -
                                  6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                                  7 Other                                                       -             -             -             -             -            -
                                  8 Spares                                                      -             -             -             -             -            -
                                  9 Land used for transmission lines                            -             -             -             -             -            -
                                 Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                            (b) Substation Components
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Transformers (power)                                        -             -             -             -             -            -
                                  3 Circuit breakers                                            -             -             -             -             -            -
                                  4 Instrument transformers                                     -             -             -             -             -            -
                                  5 Meters and protection                                       -             -             -             -             -            -
                                  6 Capacitors and reactors                                     -             -             -             -             -            -
                                  7 Buswork                                                     -             -             -             -             -            -
                                  8 Other                                                       -             -             -             -             -            -
                                  9 Spares                                                      -             -             -             -             -            -
                                 10 Land used for substations                                   -             -             -             -             -            -
                                 Tot Sub-total Substation Components                            -             -             -             -             -            -
                            (c) Communication Plant
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Communications plant and infrastructure                     -             -             -             -             -            -
                                  3 Ancillary infrastructure                                    -             -             -             -             -            -
                                  4 Other                                                       -             -             -             -             -            -
                                  5 Spares                                                      -             -             -             -             -            -
                                  6 Land used for communications plant                          -             -             -             -             -            -
                                 Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                            (d) System Operations
                                  1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                  2 Control room and control infrastructure                     -             -             -             -             -            -
                                  3 Ancillary infrastructure                                    -             -             -             -             -            -
                                  4 Other                                                       -             -             -             -             -            -
                                  5 Land used for system operations                             -             -             -             -             -            -
                                 Tot Sub-total Substation Components                            -             -             -             -             -            -
                            (e) Non-network Assets
                                  1 Computers, and office equipment                             -             -             -             -             -            -
                                  2 Plant, tools, and equipment                                 -             -             -             -             -            -
                                  3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                                  4 Commercial buildings                                        -             -             -             -             -            -
                                  5 Land (all remaining land)                                   -             -             -             -             -            -
                                  6 Other                                                       -             -             -             -             -            -
                                 Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                            Allocated Overhead Capitalized                                      -             -             -             -             -            -
                            Total Capital Expenditure                                           -             -             -             -             -            -
                            For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




Page 70 of 213                                                                                                                                                   C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                Network Projects
                 MEXICO-BALINTAWAK RECONDUCTORING                                                    Load growth                 0% new assets
                   Region: Luzon                                         Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009     2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -          -
                         2 Towers and associated lines                            -             -             -             -             -          -
                         3 Poles and associated lines                             -             -             -             -             -          -
                         4 Underground cables                                     -             -             -             -             -          -
                         5 Submarine cables                                       -             -             -             -             -          -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -          -
                         7 Other                                                  -             -             -             -             -          -
                         8 Spares                                                 -             -             -             -             -          -
                         9 Land used for transmission lines                       -             -             -             -             -          -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -          -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -          -
                         2 Transformers (power)                                   -             -             -             -             -          -
                         3 Circuit breakers                                       -             -             -             -             -          -
                         4 Instrument transformers                                -             -             -             -             -          -
                         5 Meters and protection                                  -             -             -             -             -          -
                         6 Capacitors and reactors                                -             -             -             -             -          -
                         7 Buswork                                                -             -             -             -             -          -
                         8 Other                                                  -             -             -             -             -          -
                         9 Spares                                                 -             -             -             -             -          -
                        10 Land used for substations                              -             -             -             -             -          -
                        Tot Sub-total Substation Components                       -             -             -             -             -          -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -          -
                         2 Communications plant and infrastructure                -             -             -             -             -          -
                         3 Ancillary infrastructure                               -             -             -             -             -          -
                         4 Other                                                  -             -             -             -             -          -
                         5 Spares                                                 -             -             -             -             -          -
                         6 Land used for communications plant                     -             -             -             -             -          -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -          -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -          -
                         2 Control room and control infrastructure                -             -             -             -             -          -
                         3 Ancillary infrastructure                               -             -             -             -             -          -
                         4 Other                                                  -             -             -             -             -          -
                         5 Land used for system operations                        -             -             -             -             -          -
                        Tot Sub-total Substation Components                       -             -             -             -             -          -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -          -
                         2 Plant, tools, and equipment                            -             -             -             -             -          -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -          -
                         4 Commercial buildings                                   -             -             -             -             -          -
                         5 Land (all remaining land)                              -             -             -             -             -          -
                         6 Other                                                  -             -             -             -             -          -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -          -
                   Allocated Overhead Capitalized                                 -             -             -             -             -          -
                   Total Capital Expenditure                                      -             -             -             -             -          -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -          -




Page 71 of 213                                                                                                                                   C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                  Network
                 LUZON SUBSTATION EXPANSION PROJECTS - 3 Projects                                    Load growth                 92% new assets
                   Region: Luzon                                         Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009      2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Towers and associated lines                            -             -             -             -             -           -
                         3 Poles and associated lines                             -             -             -             -             -           -
                         4 Underground cables                                     -             -             -             -             -           -
                         5 Submarine cables                                       -             -             -             -             -           -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -           -
                         7 Other                                                  -             -             -             -             -           -
                         8 Spares                                                 -             -             -             -             -           -
                         9 Land used for transmission lines                       -             -             -             -             -           -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -           -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Transformers (power)                                   -             -             -             -             -           -
                         3 Circuit breakers                                       -             -             -             -             -           -
                         4 Instrument transformers                                -             -             -             -             -           -
                         5 Meters and protection                                  -             -             -             -             -           -
                         6 Capacitors and reactors                                -             -             -             -             -           -
                         7 Buswork                                                -             -             -             -             -           -
                         8 Other                                                  -             -             -             -             -           -
                         9 Spares                                                 -             -             -             -             -           -
                        10 Land used for substations                              -             -             -             -             -           -
                        Tot Sub-total Substation Components                       -             -             -             -             -           -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Communications plant and infrastructure                -             -             -             -             -           -
                         3 Ancillary infrastructure                               -             -             -             -             -           -
                         4 Other                                                  -             -             -             -             -           -
                         5 Spares                                                 -             -             -             -             -           -
                         6 Land used for communications plant                     -             -             -             -             -           -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -           -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Control room and control infrastructure                -             -             -             -             -           -
                         3 Ancillary infrastructure                               -             -             -             -             -           -
                         4 Other                                                  -             -             -             -             -           -
                         5 Land used for system operations                        -             -             -             -             -           -
                        Tot Sub-total Substation Components                       -             -             -             -             -           -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -           -
                         2 Plant, tools, and equipment                            -             -             -             -             -           -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -           -
                         4 Commercial buildings                                   -             -             -             -             -           -
                         5 Land (all remaining land)                              -             -             -             -             -           -
                         6 Other                                                  -             -             -             -             -           -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -           -
                   Allocated Overhead Capitalized                                 -             -             -             -             -           -
                   Total Capital Expenditure                                      -             -             -             -             -           -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -           -




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                                                   Network Projects
                 LUZON SUB-TRANSMISSION LINE/EQUIPMENT REPLACEMENT                                   Load growth                 23% new assets
                   Region: Luzon                                         Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009      2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Towers and associated lines                            -             -             -             -             -           -
                         3 Poles and associated lines                             -             -             -             -             -           -
                         4 Underground cables                                     -             -             -             -             -           -
                         5 Submarine cables                                       -             -             -             -             -           -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -           -
                         7 Other                                                  -             -             -             -             -           -
                         8 Spares                                                 -             -             -             -             -           -
                         9 Land used for transmission lines                       -             -             -             -             -           -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -           -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Transformers (power)                                   -             -             -             -             -           -
                         3 Circuit breakers                                       -             -             -             -             -           -
                         4 Instrument transformers                                -             -             -             -             -           -
                         5 Meters and protection                                  -             -             -             -             -           -
                         6 Capacitors and reactors                                -             -             -             -             -           -
                         7 Buswork                                                -             -             -             -             -           -
                         8 Other                                                  -             -             -             -             -           -
                         9 Spares                                                 -             -             -             -             -           -
                        10 Land used for substations                              -             -             -             -             -           -
                        Tot Sub-total Substation Components                       -             -             -             -             -           -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Communications plant and infrastructure                -             -             -             -             -           -
                         3 Ancillary infrastructure                               -             -             -             -             -           -
                         4 Other                                                  -             -             -             -             -           -
                         5 Spares                                                 -             -             -             -             -           -
                         6 Land used for communications plant                     -             -             -             -             -           -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -           -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Control room and control infrastructure                -             -             -             -             -           -
                         3 Ancillary infrastructure                               -             -             -             -             -           -
                         4 Other                                                  -             -             -             -             -           -
                         5 Land used for system operations                        -             -             -             -             -           -
                        Tot Sub-total Substation Components                       -             -             -             -             -           -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -           -
                         2 Plant, tools, and equipment                            -             -             -             -             -           -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -           -
                         4 Commercial buildings                                   -             -             -             -             -           -
                         5 Land (all remaining land)                              -             -             -             -             -           -
                         6 Other                                                  -             -             -             -             -           -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -           -
                   Allocated Overhead Capitalized                                 -             -             -             -             -           -
                   Total Capital Expenditure                                      -             -             -             -             -           -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -           -




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                 VOLTAGE IMPROVEMENT PROJECT-2                           Network Projects                 Non-growth                  100% new assets
                   Region: Luzon                                              Status: New              Who: Concessionaire
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006         2007          2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -           -
                         2 Transformers (power)                                        -             -             -             -             -           -
                         3 Circuit breakers                                            -             -             -             -             -           -
                         4 Instrument transformers                                     -             -             -             -             -           -
                         5 Meters and protection                                       -             -             -             -             -           -
                         6 Capacitors and reactors                                     -             -             -             -             -          0.30
                         7 Buswork                                                     -             -             -             -             -           -
                         8 Other                                                       -             -             -             -             -           -
                         9 Spares                                                      -             -             -             -             -           -
                        10 Land used for substations                                   -             -             -             -             -           -
                        Tot Sub-total Substation Components                            -             -             -             -             -          0.30
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -           -
                         2 Plant, tools, and equipment                                 -             -             -             -             -           -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -           -
                         4 Commercial buildings                                        -             -             -             -             -           -
                         5 Land (all remaining land)                                   -             -             -             -             -           -
                         6 Other                                                       -             -             -             -             -           -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -           -
                   Allocated Overhead Capitalized                                      -             -             -             -             -           -
                   Total Capital Expenditure                                           -             -             -             -             -          0.30
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -          0.34




Page 74 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 LUZON PCB REPLACEMENT PROJECT                           Network Projects                 Load growth                 0% new assets
                   Region: Luzon                                              Status: New              Who: Concessionaire
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006         2007          2008              2009     2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Towers and associated lines                                 -             -             -             -             -          -
                         3 Poles and associated lines                                  -             -             -             -             -          -
                         4 Underground cables                                          -             -             -             -             -          -
                         5 Submarine cables                                            -             -             -             -             -          -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -          -
                         7 Other                                                       -             -             -             -             -          -
                         8 Spares                                                      -             -             -             -             -          -
                         9 Land used for transmission lines                            -             -             -             -             -          -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -          -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -         -
                         2 Transformers (power)                                        -             -             -             -             -         -
                         3 Circuit breakers                                            -             -             -             -             -        0.29
                         4 Instrument transformers                                     -             -             -             -             -        0.24
                         5 Meters and protection                                       -             -             -             -             -         -
                         6 Capacitors and reactors                                     -             -             -             -             -         -
                         7 Buswork                                                     -             -             -             -             -         -
                         8 Other                                                       -             -             -             -             -        0.22
                         9 Spares                                                      -             -             -             -             -        0.06
                        10 Land used for substations                                   -             -             -             -             -         -
                        Tot Sub-total Substation Components                            -             -             -             -             -        0.82
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Communications plant and infrastructure                     -             -             -             -             -          -
                         3 Ancillary infrastructure                                    -             -             -             -             -          -
                         4 Other                                                       -             -             -             -             -          -
                         5 Spares                                                      -             -             -             -             -          -
                         6 Land used for communications plant                          -             -             -             -             -          -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -          -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Control room and control infrastructure                     -             -             -             -             -          -
                         3 Ancillary infrastructure                                    -             -             -             -             -          -
                         4 Other                                                       -             -             -             -             -          -
                         5 Land used for system operations                             -             -             -             -             -          -
                        Tot Sub-total Substation Components                            -             -             -             -             -          -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -         -
                         2 Plant, tools, and equipment                                 -             -             -             -             -         -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -         -
                         4 Commercial buildings                                        -             -             -             -             -         -
                         5 Land (all remaining land)                                   -             -             -             -             -         -
                         6 Other                                                       -             -             -             -             -         -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -         -
                   Allocated Overhead Capitalized                                      -             -             -             -             -         -
                   Total Capital Expenditure                                           -             -             -             -             -        0.82
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -        0.92




Page 75 of 213                                                                                                                                        C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 SAN JOSE-BALINTAWAK T/L UPGRADE                         Network Projects                 Load growth                 0% new assets
                   Region: Luzon                                              Status: New              Who: Concessionaire
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006         2007          2008              2009     2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Towers and associated lines                                 -             -             -             -             -          -
                         3 Poles and associated lines                                  -             -             -             -             -          -
                         4 Underground cables                                          -             -             -             -             -          -
                         5 Submarine cables                                            -             -             -             -             -          -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -          -
                         7 Other                                                       -             -             -             -             -          -
                         8 Spares                                                      -             -             -             -             -          -
                         9 Land used for transmission lines                            -             -             -             -             -          -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -          -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Transformers (power)                                        -             -             -             -             -          -
                         3 Circuit breakers                                            -             -             -             -             -          -
                         4 Instrument transformers                                     -             -             -             -             -          -
                         5 Meters and protection                                       -             -             -             -             -          -
                         6 Capacitors and reactors                                     -             -             -             -             -          -
                         7 Buswork                                                     -             -             -             -             -          -
                         8 Other                                                       -             -             -             -             -          -
                         9 Spares                                                      -             -             -             -             -          -
                        10 Land used for substations                                   -             -             -             -             -          -
                        Tot Sub-total Substation Components                            -             -             -             -             -          -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Communications plant and infrastructure                     -             -             -             -             -          -
                         3 Ancillary infrastructure                                    -             -             -             -             -          -
                         4 Other                                                       -             -             -             -             -          -
                         5 Spares                                                      -             -             -             -             -          -
                         6 Land used for communications plant                          -             -             -             -             -          -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -          -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Control room and control infrastructure                     -             -             -             -             -          -
                         3 Ancillary infrastructure                                    -             -             -             -             -          -
                         4 Other                                                       -             -             -             -             -          -
                         5 Land used for system operations                             -             -             -             -             -          -
                        Tot Sub-total Substation Components                            -             -             -             -             -          -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -          -
                         2 Plant, tools, and equipment                                 -             -             -             -             -          -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -          -
                         4 Commercial buildings                                        -             -             -             -             -          -
                         5 Land (all remaining land)                                   -             -             -             -             -          -
                         6 Other                                                       -             -             -             -             -          -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -          -
                   Allocated Overhead Capitalized                                      -             -             -             -             -          -
                   Total Capital Expenditure                                           -             -             -             -             -          -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -          -




Page 76 of 213                                                                                                                                        C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 LUZON SUBSTATION EXPANSION - 2                          Network Projects                 Load growth                 0% new assets
                   Region: Luzon                                              Status: New              Who: Concessionaire
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006         2007          2008              2009     2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Towers and associated lines                                 -             -             -             -             -          -
                         3 Poles and associated lines                                  -             -             -             -             -          -
                         4 Underground cables                                          -             -             -             -             -          -
                         5 Submarine cables                                            -             -             -             -             -          -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -          -
                         7 Other                                                       -             -             -             -             -          -
                         8 Spares                                                      -             -             -             -             -          -
                         9 Land used for transmission lines                            -             -             -             -             -          -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -          -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Transformers (power)                                        -             -             -             -             -          -
                         3 Circuit breakers                                            -             -             -             -             -          -
                         4 Instrument transformers                                     -             -             -             -             -          -
                         5 Meters and protection                                       -             -             -             -             -          -
                         6 Capacitors and reactors                                     -             -             -             -             -          -
                         7 Buswork                                                     -             -             -             -             -          -
                         8 Other                                                       -             -             -             -             -          -
                         9 Spares                                                      -             -             -             -             -          -
                        10 Land used for substations                                   -             -             -             -             -          -
                        Tot Sub-total Substation Components                            -             -             -             -             -          -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Communications plant and infrastructure                     -             -             -             -             -          -
                         3 Ancillary infrastructure                                    -             -             -             -             -          -
                         4 Other                                                       -             -             -             -             -          -
                         5 Spares                                                      -             -             -             -             -          -
                         6 Land used for communications plant                          -             -             -             -             -          -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -          -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -          -
                         2 Control room and control infrastructure                     -             -             -             -             -          -
                         3 Ancillary infrastructure                                    -             -             -             -             -          -
                         4 Other                                                       -             -             -             -             -          -
                         5 Land used for system operations                             -             -             -             -             -          -
                        Tot Sub-total Substation Components                            -             -             -             -             -          -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -          -
                         2 Plant, tools, and equipment                                 -             -             -             -             -          -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -          -
                         4 Commercial buildings                                        -             -             -             -             -          -
                         5 Land (all remaining land)                                   -             -             -             -             -          -
                         6 Other                                                       -             -             -             -             -          -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -          -
                   Allocated Overhead Capitalized                                      -             -             -             -             -          -
                   Total Capital Expenditure                                           -             -             -             -             -          -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -          -




Page 77 of 213                                                                                                                                        C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                                                  Network Projects
                 LUZON SUBTRANSMISSION EQUIPMENT UPGRADE                                             Non-growth                  23% new assets
                   Region: Luzon                                         Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009      2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Towers and associated lines                            -             -             -             -             -           -
                         3 Poles and associated lines                             -             -             -             -             -           -
                         4 Underground cables                                     -             -             -             -             -           -
                         5 Submarine cables                                       -             -             -             -             -           -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -           -
                         7 Other                                                  -             -             -             -             -           -
                         8 Spares                                                 -             -             -             -             -           -
                         9 Land used for transmission lines                       -             -             -             -             -           -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -           -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Transformers (power)                                   -             -             -             -             -           -
                         3 Circuit breakers                                       -             -             -             -             -           -
                         4 Instrument transformers                                -             -             -             -             -           -
                         5 Meters and protection                                  -             -             -             -             -           -
                         6 Capacitors and reactors                                -             -             -             -             -           -
                         7 Buswork                                                -             -             -             -             -           -
                         8 Other                                                  -             -             -             -             -           -
                         9 Spares                                                 -             -             -             -             -           -
                        10 Land used for substations                              -             -             -             -             -           -
                        Tot Sub-total Substation Components                       -             -             -             -             -           -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Communications plant and infrastructure                -             -             -             -             -           -
                         3 Ancillary infrastructure                               -             -             -             -             -           -
                         4 Other                                                  -             -             -             -             -           -
                         5 Spares                                                 -             -             -             -             -           -
                         6 Land used for communications plant                     -             -             -             -             -           -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -           -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Control room and control infrastructure                -             -             -             -             -           -
                         3 Ancillary infrastructure                               -             -             -             -             -           -
                         4 Other                                                  -             -             -             -             -           -
                         5 Land used for system operations                        -             -             -             -             -           -
                        Tot Sub-total Substation Components                       -             -             -             -             -           -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -           -
                         2 Plant, tools, and equipment                            -             -             -             -             -           -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -           -
                         4 Commercial buildings                                   -             -             -             -             -           -
                         5 Land (all remaining land)                              -             -             -             -             -           -
                         6 Other                                                  -             -             -             -             -           -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -           -
                   Allocated Overhead Capitalized                                 -             -             -             -             -           -
                   Total Capital Expenditure                                      -             -             -             -             -           -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -           -




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                                                 Network
                 LUZON-MINDORO INTERCONNECTION PROJECT Projects                                      Load growth                 100% new assets
                   Region: Luzon                                         Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Transformers (power)                                   -             -             -             -             -            -
                         3 Circuit breakers                                       -             -             -             -             -            -
                         4 Instrument transformers                                -             -             -             -             -            -
                         5 Meters and protection                                  -             -             -             -             -            -
                         6 Capacitors and reactors                                -             -             -             -             -            -
                         7 Buswork                                                -             -             -             -             -            -
                         8 Other                                                  -             -             -             -             -            -
                         9 Spares                                                 -             -             -             -             -            -
                        10 Land used for substations                              -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -            -
                         2 Plant, tools, and equipment                            -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                         4 Commercial buildings                                   -             -             -             -             -            -
                         5 Land (all remaining land)                              -             -             -             -             -            -
                         6 Other                                                  -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                   Allocated Overhead Capitalized                                 -             -             -             -             -            -
                   Total Capital Expenditure                                      -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




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                 Visayas

                      New Naga S/S Project                                       Network Projects                 Load growth                 100% new assets
                           Region: Visayas                                            Status: New              Who: Concessionaire
                                                                                      US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                           Asset Category                                                       2005      2006         2007          2008              2009       2010
                           (a) Transmission Lines
                                 1 Buildings, civil works and establishment                    -             -             -             -             -           -
                                 2 Towers and associated lines                                 -             -             -             -             -          0.11
                                 3 Poles and associated lines                                  -             -             -             -             -          0.02
                                 4 Underground cables                                          -             -             -             -             -           -
                                 5 Submarine cables                                            -             -             -             -             -           -
                                 6 Easements owned by the Regulated Entity                     -             -             -             -             -           -
                                 7 Other                                                       -             -             -             -             -           -
                                 8 Spares                                                      -             -             -             -             -           -
                                 9 Land used for transmission lines                            -             -             -             -             -           -
                                Tot Sub-total Transmission Lines                               -             -             -             -             -          0.13
                           (b) Substation Components
                                 1 Buildings, civil works and establishment                    -             -             -             -             -           -
                                 2 Transformers (power)                                        -             -             -             -             -          0.21
                                 3 Circuit breakers                                            -             -             -             -             -          1.00
                                 4 Instrument transformers                                     -             -             -             -             -          0.34
                                 5 Meters and protection                                       -             -             -             -             -          0.18
                                 6 Capacitors and reactors                                     -             -             -             -             -           -
                                 7 Buswork                                                     -             -             -             -             -           -
                                 8 Other                                                       -             -             -             -             -          1.58
                                 9 Spares                                                      -             -             -             -             -          0.59
                                10 Land used for substations                                   -             -             -             -             -           -
                                Tot Sub-total Substation Components                            -             -             -             -             -          3.89
                           (c) Communication Plant
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Communications plant and infrastructure                     -             -             -             -             -            -
                                 3 Ancillary infrastructure                                    -             -             -             -             -            -
                                 4 Other                                                       -             -             -             -             -            -
                                 5 Spares                                                      -             -             -             -             -            -
                                 6 Land used for communications plant                          -             -             -             -             -            -
                                Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                           (d) System Operations
                                 1 Buildings, civil works and establishment                    -             -             -             -             -            -
                                 2 Control room and control infrastructure                     -             -             -             -             -            -
                                 3 Ancillary infrastructure                                    -             -             -             -             -            -
                                 4 Other                                                       -             -             -             -             -            -
                                 5 Land used for system operations                             -             -             -             -             -            -
                                Tot Sub-total Substation Components                            -             -             -             -             -            -
                           (e) Non-network Assets
                                 1 Computers, and office equipment                             -             -             -             -             -           -
                                 2 Plant, tools, and equipment                                 -             -             -             -             -           -
                                 3 Furniture, fixtures, and fittings                           -             -             -             -             -           -
                                 4 Commercial buildings                                        -             -             -             -             -           -
                                 5 Land (all remaining land)                                   -             -             -             -             -           -
                                 6 Other                                                       -             -             -             -             -           -
                                Tot Sub-total Non-Network Assets                               -             -             -             -             -           -
                           Allocated Overhead Capitalized                                      -             -             -             -             -           -
                           Total Capital Expenditure                                           -             -             -             -             -          4.02
                           For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -          4.53




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                                                          - Visayas
                 Power Circuit Breaker Replacement ProjectNetwork Projects                           Load growth                 100% new assets
                   Region: Visayas                                       Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Transformers (power)                                   -             -             -             -             -           -
                         3 Circuit breakers                                       -             -             -             -            0.48        0.48
                         4 Instrument transformers                                -             -             -             -            0.61        0.61
                         5 Meters and protection                                  -             -             -             -             -           -
                         6 Capacitors and reactors                                -             -             -             -             -           -
                         7 Buswork                                                -             -             -             -            0.20        0.21
                         8 Other                                                  -             -             -             -            1.51        1.51
                         9 Spares                                                 -             -             -             -            0.10        0.10
                        10 Land used for substations                              -             -             -             -             -           -
                        Tot Sub-total Substation Components                       -             -             -             -            2.90        2.90
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -           -
                         2 Plant, tools, and equipment                            -             -             -             -             -           -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -           -
                         4 Commercial buildings                                   -             -             -             -             -           -
                         5 Land (all remaining land)                              -             -             -             -             -           -
                         6 Other                                                  -             -             -             -             -           -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -           -
                   Allocated Overhead Capitalized                                 -             -             -             -             -           -
                   Total Capital Expenditure                                      -             -             -             -            2.90        2.90
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -            3.19        3.26




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                 Southern Panay Backbone T/L Project                     Network Projects                 Load growth                 100% new assets
                   Region: Visayas                                            Status: New              Who: Concessionaire
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006         2007          2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                 Bohol Backbone Project                                  Network Projects                 Load growth                 100% new assets
                   Region: Mindanao                                           Status: New              Who: Concessionaire
                                                                              US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                       2005      2006         2007          2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Towers and associated lines                                 -             -             -             -             -            -
                         3 Poles and associated lines                                  -             -             -             -             -            -
                         4 Underground cables                                          -             -             -             -             -            -
                         5 Submarine cables                                            -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                     -             -             -             -             -            -
                         7 Other                                                       -             -             -             -             -            -
                         8 Spares                                                      -             -             -             -             -            -
                         9 Land used for transmission lines                            -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                               -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Transformers (power)                                        -             -             -             -             -            -
                         3 Circuit breakers                                            -             -             -             -             -            -
                         4 Instrument transformers                                     -             -             -             -             -            -
                         5 Meters and protection                                       -             -             -             -             -            -
                         6 Capacitors and reactors                                     -             -             -             -             -            -
                         7 Buswork                                                     -             -             -             -             -            -
                         8 Other                                                       -             -             -             -             -            -
                         9 Spares                                                      -             -             -             -             -            -
                        10 Land used for substations                                   -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Communications plant and infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Spares                                                      -             -             -             -             -            -
                         6 Land used for communications plant                          -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                            -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment                    -             -             -             -             -            -
                         2 Control room and control infrastructure                     -             -             -             -             -            -
                         3 Ancillary infrastructure                                    -             -             -             -             -            -
                         4 Other                                                       -             -             -             -             -            -
                         5 Land used for system operations                             -             -             -             -             -            -
                        Tot Sub-total Substation Components                            -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                             -             -             -             -             -            -
                         2 Plant, tools, and equipment                                 -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                           -             -             -             -             -            -
                         4 Commercial buildings                                        -             -             -             -             -            -
                         5 Land (all remaining land)                                   -             -             -             -             -            -
                         6 Other                                                       -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                               -             -             -             -             -            -
                   Allocated Overhead Capitalized                                      -             -             -             -             -            -
                   Total Capital Expenditure                                           -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)                 -             -             -             -             -            -




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                 Mindanao

                      Reliability Compliance Project I - MindanaoNetwork Projects                             Load growth                 100% new assets
                            Region: Mindanao                                      Status: New              Who: Concessionaire
                                                                                  US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                            Asset Category                                                  2005      2006         2007          2008              2009       2010
                            (a) Transmission Lines
                                  1 Buildings, civil works and establishment               -             -             -             -             -            -
                                  2 Towers and associated lines                            -             -             -             -             -            -
                                  3 Poles and associated lines                             -             -             -             -             -            -
                                  4 Underground cables                                     -             -             -             -             -            -
                                  5 Submarine cables                                       -             -             -             -             -            -
                                  6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                                  7 Other                                                  -             -             -             -             -            -
                                  8 Spares                                                 -             -             -             -             -            -
                                  9 Land used for transmission lines                       -             -             -             -             -            -
                                 Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                            (b) Substation Components
                                  1 Buildings, civil works and establishment               -             -             -             -             -            -
                                  2 Transformers (power)                                   -             -             -             -             -            -
                                  3 Circuit breakers                                       -             -             -             -             -            -
                                  4 Instrument transformers                                -             -             -             -             -            -
                                  5 Meters and protection                                  -             -             -             -             -            -
                                  6 Capacitors and reactors                                -             -             -             -             -            -
                                  7 Buswork                                                -             -             -             -             -            -
                                  8 Other                                                  -             -             -             -             -            -
                                  9 Spares                                                 -             -             -             -             -            -
                                 10 Land used for substations                              -             -             -             -             -            -
                                 Tot Sub-total Substation Components                       -             -             -             -             -            -
                            (c) Communication Plant
                                  1 Buildings, civil works and establishment               -             -             -             -             -            -
                                  2 Communications plant and infrastructure                -             -             -             -             -            -
                                  3 Ancillary infrastructure                               -             -             -             -             -            -
                                  4 Other                                                  -             -             -             -             -            -
                                  5 Spares                                                 -             -             -             -             -            -
                                  6 Land used for communications plant                     -             -             -             -             -            -
                                 Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                            (d) System Operations
                                  1 Buildings, civil works and establishment               -             -             -             -             -            -
                                  2 Control room and control infrastructure                -             -             -             -             -            -
                                  3 Ancillary infrastructure                               -             -             -             -             -            -
                                  4 Other                                                  -             -             -             -             -            -
                                  5 Land used for system operations                        -             -             -             -             -            -
                                 Tot Sub-total Substation Components                       -             -             -             -             -            -
                            (e) Non-network Assets
                                  1 Computers, and office equipment                        -             -             -             -             -            -
                                  2 Plant, tools, and equipment                            -             -             -             -             -            -
                                  3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                                  4 Commercial buildings                                   -             -             -             -             -            -
                                  5 Land (all remaining land)                              -             -             -             -             -            -
                                  6 Other                                                  -             -             -             -             -            -
                                 Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                            Allocated Overhead Capitalized                                 -             -             -             -             -            -
                            Total Capital Expenditure                                      -             -             -             -             -            -
                            For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




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                                                          Network Projects
                 Mindanao Mobile Transformer Project Project                                         Load growth                 100% new assets
                   Region: Mindanao                                      Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Transformers (power)                                   -             -             -             -            2.57          -
                         3 Circuit breakers                                       -             -             -             -            0.31          -
                         4 Instrument transformers                                -             -             -             -            0.26          -
                         5 Meters and protection                                  -             -             -             -            0.61          -
                         6 Capacitors and reactors                                -             -             -             -             -            -
                         7 Buswork                                                -             -             -             -             -            -
                         8 Other                                                  -             -             -             -            0.40          -
                         9 Spares                                                 -             -             -             -            0.36          -
                        10 Land used for substations                              -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -            4.51          -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -            -
                         2 Plant, tools, and equipment                            -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                         4 Commercial buildings                                   -             -             -             -             -            -
                         5 Land (all remaining land)                              -             -             -             -             -            -
                         6 Other                                                  -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                   Allocated Overhead Capitalized                                 -             -             -             -             -            -
                   Total Capital Expenditure                                      -             -             -             -            4.51          -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -            4.96          -




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                                                         Network Projects
                 Power Circuit Breaker Replacement Program - Mindanao                                Load growth                 100% new assets
                   Region: Mindanao                                      Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -           -
                         2 Transformers (power)                                   -             -             -             -             -           -
                         3 Circuit breakers                                       -             -             -             -            1.44        0.78
                         4 Instrument transformers                                -             -             -             -            1.54        0.83
                         5 Meters and protection                                  -             -             -             -             -           -
                         6 Capacitors and reactors                                -             -             -             -             -           -
                         7 Buswork                                                -             -             -             -            0.27        0.14
                         8 Other                                                  -             -             -             -            2.20        1.18
                         9 Spares                                                 -             -             -             -            0.14        0.08
                        10 Land used for substations                              -             -             -             -             -           -
                        Tot Sub-total Substation Components                       -             -             -             -            5.58        3.01
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -           -
                         2 Plant, tools, and equipment                            -             -             -             -             -           -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -           -
                         4 Commercial buildings                                   -             -             -             -             -           -
                         5 Land (all remaining land)                              -             -             -             -             -           -
                         6 Other                                                  -             -             -             -             -           -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -           -
                   Allocated Overhead Capitalized                                 -             -             -             -             -           -
                   Total Capital Expenditure                                      -             -             -             -            5.58        3.01
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -            6.14        3.39




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                                                         Project
                 Tacurong-Nuling 138 kV Transmission LineNetwork Projects                            Load growth                 100% new assets
                   Region: Mindanao                                      Status: New              Who: Concessionaire
                                                                         US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                   Asset Category                                                  2005      2006         2007          2008              2009       2010
                   (a) Transmission Lines
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Towers and associated lines                            -             -             -             -             -            -
                         3 Poles and associated lines                             -             -             -             -             -            -
                         4 Underground cables                                     -             -             -             -             -            -
                         5 Submarine cables                                       -             -             -             -             -            -
                         6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                         7 Other                                                  -             -             -             -             -            -
                         8 Spares                                                 -             -             -             -             -            -
                         9 Land used for transmission lines                       -             -             -             -             -            -
                        Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                   (b) Substation Components
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Transformers (power)                                   -             -             -             -             -            -
                         3 Circuit breakers                                       -             -             -             -             -            -
                         4 Instrument transformers                                -             -             -             -             -            -
                         5 Meters and protection                                  -             -             -             -             -            -
                         6 Capacitors and reactors                                -             -             -             -             -            -
                         7 Buswork                                                -             -             -             -             -            -
                         8 Other                                                  -             -             -             -             -            -
                         9 Spares                                                 -             -             -             -             -            -
                        10 Land used for substations                              -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (c) Communication Plant
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Communications plant and infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Spares                                                 -             -             -             -             -            -
                         6 Land used for communications plant                     -             -             -             -             -            -
                        Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                   (d) System Operations
                         1 Buildings, civil works and establishment               -             -             -             -             -            -
                         2 Control room and control infrastructure                -             -             -             -             -            -
                         3 Ancillary infrastructure                               -             -             -             -             -            -
                         4 Other                                                  -             -             -             -             -            -
                         5 Land used for system operations                        -             -             -             -             -            -
                        Tot Sub-total Substation Components                       -             -             -             -             -            -
                   (e) Non-network Assets
                         1 Computers, and office equipment                        -             -             -             -             -            -
                         2 Plant, tools, and equipment                            -             -             -             -             -            -
                         3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                         4 Commercial buildings                                   -             -             -             -             -            -
                         5 Land (all remaining land)                              -             -             -             -             -            -
                         6 Other                                                  -             -             -             -             -            -
                        Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                   Allocated Overhead Capitalized                                 -             -             -             -             -            -
                   Total Capital Expenditure                                      -             -             -             -             -            -
                   For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




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                 North Luzon

                   O&M
                                                              Network Projects
                      Capitalised O&M expenses - Concessionaire1                                           Non-growth                  0% new assets
                         Region: North Luzon                                   Status: O&M              Who: Concessionaire
                                                                               US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                         Asset Category                                                  2005      2006         2007          2008              2009     2010
                         (a) Transmission Lines
                               1 Buildings, civil works and establishment               -             -             -             -             -          -
                               2 Towers and associated lines                            -             -             -             -             -          -
                               3 Poles and associated lines                             -             -             -             -             -          -
                               4 Underground cables                                     -             -             -             -             -          -
                               5 Submarine cables                                       -             -             -             -             -          -
                               6 Easements owned by the Regulated Entity                -             -             -             -             -          -
                               7 Other                                                  -             -             -             -             -          -
                               8 Spares                                                 -             -             -             -             -          -
                               9 Land used for transmission lines                       -             -             -             -             -          -
                              Tot Sub-total Transmission Lines                          -             -             -             -             -          -
                         (b) Substation Components
                               1 Buildings, civil works and establishment               -             -             -             -             -          -
                               2 Transformers (power)                                   -             -             -             -             -          -
                               3 Circuit breakers                                       -             -             -             -             -          -
                               4 Instrument transformers                                -             -             -             -             -          -
                               5 Meters and protection                                  -             -             -             -             -          -
                               6 Capacitors and reactors                                -             -             -             -             -          -
                               7 Buswork                                                -             -             -             -             -          -
                               8 Other                                                  -             -             -             -             -          -
                               9 Spares                                                 -             -             -             -             -          -
                              10 Land used for substations                              -             -             -             -             -          -
                              Tot Sub-total Substation Components                       -             -             -             -             -          -
                         (c) Communication Plant
                               1 Buildings, civil works and establishment               -             -             -             -             -          -
                               2 Communications plant and infrastructure                -             -             -             -             -          -
                               3 Ancillary infrastructure                               -             -             -             -             -          -
                               4 Other                                                  -             -             -             -             -          -
                               5 Spares                                                 -             -             -             -             -          -
                               6 Land used for communications plant                     -             -             -             -             -          -
                              Tot Sub-total UG Transmission Lines                       -             -             -             -             -          -
                         (d) System Operations
                               1 Buildings, civil works and establishment               -             -             -             -             -          -
                               2 Control room and control infrastructure                -             -             -             -             -          -
                               3 Ancillary infrastructure                               -             -             -             -             -          -
                               4 Other                                                  -             -             -             -             -          -
                               5 Land used for system operations                        -             -             -             -             -          -
                              Tot Sub-total Substation Components                       -             -             -             -             -          -
                         (e) Non-network Assets
                               1 Computers, and office equipment                        -             -             -             -             -          -
                               2 Plant, tools, and equipment                            -             -             -             -             -          -
                               3 Furniture, fixtures, and fittings                      -             -             -             -             -          -
                               4 Commercial buildings                                   -             -             -             -             -          -
                               5 Land (all remaining land)                              -             -             -             -             -          -
                               6 Other                                                  -             -             -             -             -          -
                              Tot Sub-total Non-Network Assets                          -             -             -             -             -          -
                         Allocated Overhead Capitalized                                 -             -             -             -             -          -
                         Total Capital Expenditure                                      -             -             -             -             -          -
                         For info only - Total Capital Expenditure (nominal)            -             -             -             -             -          -




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                 South Luzon

                                                              Network Projects
                      Capitalised O&M expenses - Concessionaire2                                           Non-growth                  100% new assets
                         Region: South Luzon                                   Status: O&M              Who: Concessionaire
                                                                               US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                         Asset Category                                                  2005      2006         2007          2008              2009       2010
                         (a) Transmission Lines
                               1 Buildings, civil works and establishment               -             -             -             -             -            -
                               2 Towers and associated lines                            -             -             -             -             -            -
                               3 Poles and associated lines                             -             -             -             -             -            -
                               4 Underground cables                                     -             -             -             -             -            -
                               5 Submarine cables                                       -             -             -             -             -            -
                               6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                               7 Other                                                  -             -             -             -             -            -
                               8 Spares                                                 -             -             -             -             -            -
                               9 Land used for transmission lines                       -             -             -             -             -            -
                              Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                         (b) Substation Components
                               1 Buildings, civil works and establishment               -             -             -             -             -            -
                               2 Transformers (power)                                   -             -             -             -             -            -
                               3 Circuit breakers                                       -             -             -             -             -            -
                               4 Instrument transformers                                -             -             -             -             -            -
                               5 Meters and protection                                  -             -             -             -             -            -
                               6 Capacitors and reactors                                -             -             -             -             -            -
                               7 Buswork                                                -             -             -             -             -            -
                               8 Other                                                  -             -             -             -             -            -
                               9 Spares                                                 -             -             -             -             -            -
                              10 Land used for substations                              -             -             -             -             -            -
                              Tot Sub-total Substation Components                       -             -             -             -             -            -
                         (c) Communication Plant
                               1 Buildings, civil works and establishment               -             -             -             -             -            -
                               2 Communications plant and infrastructure                -             -             -             -             -            -
                               3 Ancillary infrastructure                               -             -             -             -             -            -
                               4 Other                                                  -             -             -             -             -            -
                               5 Spares                                                 -             -             -             -             -            -
                               6 Land used for communications plant                     -             -             -             -             -            -
                              Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                         (d) System Operations
                               1 Buildings, civil works and establishment               -             -             -             -             -            -
                               2 Control room and control infrastructure                -             -             -             -             -            -
                               3 Ancillary infrastructure                               -             -             -             -             -            -
                               4 Other                                                  -             -             -             -             -            -
                               5 Land used for system operations                        -             -             -             -             -            -
                              Tot Sub-total Substation Components                       -             -             -             -             -            -
                         (e) Non-network Assets
                               1 Computers, and office equipment                        -             -             -             -             -            -
                               2 Plant, tools, and equipment                            -             -             -             -             -            -
                               3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                               4 Commercial buildings                                   -             -             -             -             -            -
                               5 Land (all remaining land)                              -             -             -             -             -            -
                               6 Other                                                  -             -             -             -             -            -
                              Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                         Allocated Overhead Capitalized                                 -             -             -             -             -            -
                         Total Capital Expenditure                                      -             -             -             -             -            -
                         For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




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                 Visayas
                                                              Network Projects
                      Capitalised O&M expenses - Concessionaire3                                             Non-growth                  200% new assets
                           Region: Visayas                                       Status: O&M              Who: Concessionaire
                                                                                 US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                           Asset Category                                                  2005      2006         2007          2008              2009       2010
                           (a) Transmission Lines
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Towers and associated lines                            -             -             -             -             -            -
                                 3 Poles and associated lines                             -             -             -             -             -            -
                                 4 Underground cables                                     -             -             -             -             -            -
                                 5 Submarine cables                                       -             -             -             -             -            -
                                 6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                                 7 Other                                                  -             -             -             -             -            -
                                 8 Spares                                                 -             -             -             -             -            -
                                 9 Land used for transmission lines                       -             -             -             -             -            -
                                Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                           (b) Substation Components
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Transformers (power)                                   -             -             -             -             -            -
                                 3 Circuit breakers                                       -             -             -             -             -            -
                                 4 Instrument transformers                                -             -             -             -             -            -
                                 5 Meters and protection                                  -             -             -             -             -            -
                                 6 Capacitors and reactors                                -             -             -             -             -            -
                                 7 Buswork                                                -             -             -             -             -            -
                                 8 Other                                                  -             -             -             -             -            -
                                 9 Spares                                                 -             -             -             -             -            -
                                10 Land used for substations                              -             -             -             -             -            -
                                Tot Sub-total Substation Components                       -             -             -             -             -            -
                           (c) Communication Plant
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Communications plant and infrastructure                -             -             -             -             -            -
                                 3 Ancillary infrastructure                               -             -             -             -             -            -
                                 4 Other                                                  -             -             -             -             -            -
                                 5 Spares                                                 -             -             -             -             -            -
                                 6 Land used for communications plant                     -             -             -             -             -            -
                                Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                           (d) System Operations
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Control room and control infrastructure                -             -             -             -             -            -
                                 3 Ancillary infrastructure                               -             -             -             -             -            -
                                 4 Other                                                  -             -             -             -             -            -
                                 5 Land used for system operations                        -             -             -             -             -            -
                                Tot Sub-total Substation Components                       -             -             -             -             -            -
                           (e) Non-network Assets
                                 1 Computers, and office equipment                        -             -             -             -             -            -
                                 2 Plant, tools, and equipment                            -             -             -             -             -            -
                                 3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                                 4 Commercial buildings                                   -             -             -             -             -            -
                                 5 Land (all remaining land)                              -             -             -             -             -            -
                                 6 Other                                                  -             -             -             -             -            -
                                Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                           Allocated Overhead Capitalized                                 -             -             -             -             -            -
                           Total Capital Expenditure                                      -             -             -             -             -            -
                           For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




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                 Mindanao

                                                              Network Projects
                      Capitalised O&M expenses - Concessionaire4                                              Non-growth                  300% new assets
                            Region: Mindanao                                      Status: O&M              Who: Concessionaire
                                                                                  US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                            Asset Category                                                  2005      2006         2007          2008              2009       2010
                            (a) Transmission Lines
                                  1 Buildings, civil works and establishment               -             -             -             -             -            -
                                  2 Towers and associated lines                            -             -             -             -             -            -
                                  3 Poles and associated lines                             -             -             -             -             -            -
                                  4 Underground cables                                     -             -             -             -             -            -
                                  5 Submarine cables                                       -             -             -             -             -            -
                                  6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                                  7 Other                                                  -             -             -             -             -            -
                                  8 Spares                                                 -             -             -             -             -            -
                                  9 Land used for transmission lines                       -             -             -             -             -            -
                                 Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                            (b) Substation Components
                                  1 Buildings, civil works and establishment               -             -             -             -             -            -
                                  2 Transformers (power)                                   -             -             -             -             -            -
                                  3 Circuit breakers                                       -             -             -             -             -            -
                                  4 Instrument transformers                                -             -             -             -             -            -
                                  5 Meters and protection                                  -             -             -             -             -            -
                                  6 Capacitors and reactors                                -             -             -             -             -            -
                                  7 Buswork                                                -             -             -             -             -            -
                                  8 Other                                                  -             -             -             -             -            -
                                  9 Spares                                                 -             -             -             -             -            -
                                 10 Land used for substations                              -             -             -             -             -            -
                                 Tot Sub-total Substation Components                       -             -             -             -             -            -
                            (c) Communication Plant
                                  1 Buildings, civil works and establishment               -             -             -             -             -            -
                                  2 Communications plant and infrastructure                -             -             -             -             -            -
                                  3 Ancillary infrastructure                               -             -             -             -             -            -
                                  4 Other                                                  -             -             -             -             -            -
                                  5 Spares                                                 -             -             -             -             -            -
                                  6 Land used for communications plant                     -             -             -             -             -            -
                                 Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                            (d) System Operations
                                  1 Buildings, civil works and establishment               -             -             -             -             -            -
                                  2 Control room and control infrastructure                -             -             -             -             -            -
                                  3 Ancillary infrastructure                               -             -             -             -             -            -
                                  4 Other                                                  -             -             -             -             -            -
                                  5 Land used for system operations                        -             -             -             -             -            -
                                 Tot Sub-total Substation Components                       -             -             -             -             -            -
                            (e) Non-network Assets
                                  1 Computers, and office equipment                        -             -             -             -             -            -
                                  2 Plant, tools, and equipment                            -             -             -             -             -            -
                                  3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                                  4 Commercial buildings                                   -             -             -             -             -            -
                                  5 Land (all remaining land)                              -             -             -             -             -            -
                                  6 Other                                                  -             -             -             -             -            -
                                 Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                            Allocated Overhead Capitalized                                 -             -             -             -             -            -
                            Total Capital Expenditure                                      -             -             -             -             -            -
                            For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




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                 Network Control Safety & Metering projects
                   System Operations
                      New

                                          - concessionaire
                        System OperationsNetwork Control Safety & Metering projects                          Non-growth                  100% new assets
                           Region: System Operations                             Status: New              Who: Concessionaire
                                                                                 US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                           Asset Category                                                  2005      2006         2007          2008              2009       2010
                           (a) Transmission Lines
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Towers and associated lines                            -             -             -             -             -            -
                                 3 Poles and associated lines                             -             -             -             -             -            -
                                 4 Underground cables                                     -             -             -             -             -            -
                                 5 Submarine cables                                       -             -             -             -             -            -
                                 6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                                 7 Other                                                  -             -             -             -             -            -
                                 8 Spares                                                 -             -             -             -             -            -
                                 9 Land used for transmission lines                       -             -             -             -             -            -
                                Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                           (b) Substation Components
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Transformers (power)                                   -             -             -             -             -            -
                                 3 Circuit breakers                                       -             -             -             -             -            -
                                 4 Instrument transformers                                -             -             -             -             -            -
                                 5 Meters and protection                                  -             -             -             -             -            -
                                 6 Capacitors and reactors                                -             -             -             -             -            -
                                 7 Buswork                                                -             -             -             -             -            -
                                 8 Other                                                  -             -             -             -             -            -
                                 9 Spares                                                 -             -             -             -             -            -
                                10 Land used for substations                              -             -             -             -             -            -
                                Tot Sub-total Substation Components                       -             -             -             -             -            -
                           (c) Communication Plant
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Communications plant and infrastructure                -             -             -             -             -            -
                                 3 Ancillary infrastructure                               -             -             -             -             -            -
                                 4 Other                                                  -             -             -             -             -            -
                                 5 Spares                                                 -             -             -             -             -            -
                                 6 Land used for communications plant                     -             -             -             -             -            -
                                Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                           (d) System Operations
                                 1 Buildings, civil works and establishment               -             -             -             -             -            -
                                 2 Control room and control infrastructure                -             -             -             -             -            -
                                 3 Ancillary infrastructure                               -             -             -             -             -            -
                                 4 Other                                                  -             -             -             -             -            -
                                 5 Land used for system operations                        -             -             -             -             -            -
                                Tot Sub-total Substation Components                       -             -             -             -             -            -
                           (e) Non-network Assets
                                 1 Computers, and office equipment                        -             -             -             -             -            -
                                 2 Plant, tools, and equipment                            -             -             -             -             -            -
                                 3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                                 4 Commercial buildings                                   -             -             -             -             -            -
                                 5 Land (all remaining land)                              -             -             -             -             -            -
                                 6 Other                                                  -             -             -             -             -            -
                                Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                           Allocated Overhead Capitalized                                 -             -             -             -             -            -
                           Total Capital Expenditure                                      -             -             -             -             -            -
                           For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




Page 92 of 213                                                                                                                                             C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Non-network projects
                   HO
                        New
                                                                N
                          Head Office (excl MSG) - Concessionaire on-network projects                           Non-growth                  100% new assets
                              Region: HO                                            Status: New              Who: Concessionaire
                                                                                    US$ CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million US$
                              Asset Category                                                  2005      2006         2007          2008              2009       2010
                              (a) Transmission Lines
                                    1 Buildings, civil works and establishment               -             -             -             -             -            -
                                    2 Towers and associated lines                            -             -             -             -             -            -
                                    3 Poles and associated lines                             -             -             -             -             -            -
                                    4 Underground cables                                     -             -             -             -             -            -
                                    5 Submarine cables                                       -             -             -             -             -            -
                                    6 Easements owned by the Regulated Entity                -             -             -             -             -            -
                                    7 Other                                                  -             -             -             -             -            -
                                    8 Spares                                                 -             -             -             -             -            -
                                    9 Land used for transmission lines                       -             -             -             -             -            -
                                   Tot Sub-total Transmission Lines                          -             -             -             -             -            -
                              (b) Substation Components
                                    1 Buildings, civil works and establishment               -             -             -             -             -            -
                                    2 Transformers (power)                                   -             -             -             -             -            -
                                    3 Circuit breakers                                       -             -             -             -             -            -
                                    4 Instrument transformers                                -             -             -             -             -            -
                                    5 Meters and protection                                  -             -             -             -             -            -
                                    6 Capacitors and reactors                                -             -             -             -             -            -
                                    7 Buswork                                                -             -             -             -             -            -
                                    8 Other                                                  -             -             -             -             -            -
                                    9 Spares                                                 -             -             -             -             -            -
                                   10 Land used for substations                              -             -             -             -             -            -
                                   Tot Sub-total Substation Components                       -             -             -             -             -            -
                              (c) Communication Plant
                                    1 Buildings, civil works and establishment               -             -             -             -             -            -
                                    2 Communications plant and infrastructure                -             -             -             -             -            -
                                    3 Ancillary infrastructure                               -             -             -             -             -            -
                                    4 Other                                                  -             -             -             -             -            -
                                    5 Spares                                                 -             -             -             -             -            -
                                    6 Land used for communications plant                     -             -             -             -             -            -
                                   Tot Sub-total UG Transmission Lines                       -             -             -             -             -            -
                              (d) System Operations
                                    1 Buildings, civil works and establishment               -             -             -             -             -            -
                                    2 Control room and control infrastructure                -             -             -             -             -            -
                                    3 Ancillary infrastructure                               -             -             -             -             -            -
                                    4 Other                                                  -             -             -             -             -            -
                                    5 Land used for system operations                        -             -             -             -             -            -
                                   Tot Sub-total Substation Components                       -             -             -             -             -            -
                              (e) Non-network Assets
                                    1 Computers, and office equipment                        -             -             -             -             -            -
                                    2 Plant, tools, and equipment                            -             -             -             -             -            -
                                    3 Furniture, fixtures, and fittings                      -             -             -             -             -            -
                                    4 Commercial buildings                                   -             -             -             -             -            -
                                    5 Land (all remaining land)                              -             -             -             -             -            -
                                    6 Other                                                  -             -             -             -             -            -
                                   Tot Sub-total Non-Network Assets                          -             -             -             -             -            -
                              Allocated Overhead Capitalized                                 -             -             -             -             -            -
                              Total Capital Expenditure                                      -             -             -             -             -            -
                              For info only - Total Capital Expenditure (nominal)            -             -             -             -             -            -




Page 93 of 213                                                                                                                                                C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Calaca II Asso. T/L                                   Network Projects                   Load growth                  100% new assets
                 Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                            PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                 Asset Category                                                       2005       2006          2007           2008             2009      2010
                 (a) Transmission Lines
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Towers and associated lines                                  -             -             -              -             -         -
                       3 Poles and associated lines                                   -             -             -              -             -         -
                       4 Underground cables                                           -             -             -              -             -         -
                       5 Submarine cables                                             -             -             -              -             -         -
                       6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                       7 Other                                                        -             -             -              -             -         -
                       8 Spares                                                       -             -             -              -             -         -
                       9 Land used for transmission lines                             1.0           1.0           0.9            0.1           0.4       0.1
                      Tot Sub-total Transmission Lines                                1.0           1.0           0.9            0.1           0.4       0.1
                 (b) Substation Components
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Transformers (power)                                         -             -             -              -             -         -
                       3 Circuit breakers                                             -             -             -              -             -         -
                       4 Instrument transformers                                      -             -             -              -             -         -
                       5 Meters and protection                                        -             -             -              -             -         -
                       6 Capacitors and reactors                                      -             -             -              -             -         -
                       7 Buswork                                                      -             -             -              -             -         -
                       8 Other                                                        -             -             -              -             -         -
                       9 Spares                                                       -             -             -              -             -         -
                      10 Land used for substations                                    -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (c) Communication Plant
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Communications plant and infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Spares                                                       -             -             -              -             -         -
                       6 Land used for communications plant                           -             -             -              -             -         -
                      Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                 (d) System Operations
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Control room and control infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Land used for system operations                              -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (e) Non-network Assets
                       1 Computers, and office equipment                              -             -             -              -             -         -
                       2 Plant, tools, and equipment                                  -             -             -              -             -         -
                       3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                       4 Commercial buildings                                         -             -             -              -             -         -
                       5 Land (all remaining land)                                    -             -             -              -             -         -
                       6 Other                                                        -             -             -              -             -         -
                      Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                 Allocated Overhead Capitalized                                       -             -             -              -             -         -
                 Total Capital Expenditure                                            1.0           1.0           0.9            0.1           0.4       0.1
                 For info only - Total Capital Expenditure (nominal)                  1.0           1.0           1.0            0.1           0.5       0.1




Page 94 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Sucat-Sta Mesa-Balintawak                             Network Projects                   Load growth                  100% new assets
                 Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                            PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                 Asset Category                                                       2005       2006          2007           2008             2009      2010
                 (a) Transmission Lines
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Towers and associated lines                                  -             -             -              -             -         -
                       3 Poles and associated lines                                   -             -             -              -             -         -
                       4 Underground cables                                           -             -             -              -             -         -
                       5 Submarine cables                                             -             -             -              -             -         -
                       6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                       7 Other                                                        -             -             -              -             -         -
                       8 Spares                                                       -             -             -              -             -         -
                       9 Land used for transmission lines                             7.8           4.8           3.3            3.2           0.4       0.1
                      Tot Sub-total Transmission Lines                                7.8           4.8           3.3            3.2           0.4       0.1
                 (b) Substation Components
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Transformers (power)                                         -             -             -              -             -         -
                       3 Circuit breakers                                             -             -             -              -             -         -
                       4 Instrument transformers                                      -             -             -              -             -         -
                       5 Meters and protection                                        -             -             -              -             -         -
                       6 Capacitors and reactors                                      -             -             -              -             -         -
                       7 Buswork                                                      -             -             -              -             -         -
                       8 Other                                                        -             -             -              -             -         -
                       9 Spares                                                       -             -             -              -             -         -
                      10 Land used for substations                                    -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (c) Communication Plant
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Communications plant and infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Spares                                                       -             -             -              -             -         -
                       6 Land used for communications plant                           -             -             -              -             -         -
                      Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                 (d) System Operations
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Control room and control infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Land used for system operations                              -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (e) Non-network Assets
                       1 Computers, and office equipment                              -             -             -              -             -         -
                       2 Plant, tools, and equipment                                  -             -             -              -             -         -
                       3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                       4 Commercial buildings                                         -             -             -              -             -         -
                       5 Land (all remaining land)                                    -             -             -              -             -         -
                       6 Other                                                        -             -             -              -             -         -
                      Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                 Allocated Overhead Capitalized                                       -             -             -              -             -         -
                 Total Capital Expenditure                                            7.8           4.8           3.3            3.2           0.4       0.1
                 For info only - Total Capital Expenditure (nominal)                  7.8           5.0           3.6            3.6           0.5       0.1




Page 95 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Pagbilao Coal T/L                                     Network Projects                   Load growth                  100% new assets
                 Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                            PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                 Asset Category                                                       2005       2006          2007           2008             2009      2010
                 (a) Transmission Lines
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Towers and associated lines                                  -             -             -              -             -         -
                       3 Poles and associated lines                                   -             -             -              -             -         -
                       4 Underground cables                                           -             -             -              -             -         -
                       5 Submarine cables                                             -             -             -              -             -         -
                       6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                       7 Other                                                       86.6           -             -              -             -         -
                       8 Spares                                                       -             -             -              -             -         -
                       9 Land used for transmission lines                            18.9           5.7           1.4            1.3           1.3       1.2
                      Tot Sub-total Transmission Lines                              105.5           5.7           1.4            1.3           1.3       1.2
                 (b) Substation Components
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Transformers (power)                                         -             -             -              -             -         -
                       3 Circuit breakers                                             -             -             -              -             -         -
                       4 Instrument transformers                                      -             -             -              -             -         -
                       5 Meters and protection                                        0.2           -             -              -             -         -
                       6 Capacitors and reactors                                      -             -             -              -             -         -
                       7 Buswork                                                      -             -             -              -             -         -
                       8 Other                                                        -             -             -              -             -         -
                       9 Spares                                                       -             -             -              -             -         -
                      10 Land used for substations                                    -             -             -              -             -         -
                      Tot Sub-total Substation Components                             0.2           -             -              -             -         -
                 (c) Communication Plant
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Communications plant and infrastructure                      2.2           -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Spares                                                       -             -             -              -             -         -
                       6 Land used for communications plant                           -             -             -              -             -         -
                      Tot Sub-total UG Transmission Lines                             2.2           -             -              -             -         -
                 (d) System Operations
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Control room and control infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Land used for system operations                              -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (e) Non-network Assets
                       1 Computers, and office equipment                              0.3           -             -              -             -         -
                       2 Plant, tools, and equipment                                  -             -             -              -             -         -
                       3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                       4 Commercial buildings                                         -             -             -              -             -         -
                       5 Land (all remaining land)                                    -             -             -              -             -         -
                       6 Other                                                        -             -             -              -             -         -
                      Tot Sub-total Non-Network Assets                                0.3           -             -              -             -         -
                 Allocated Overhead Capitalized                                       -             -             -              -             -         -
                 Total Capital Expenditure                                          108.2           5.7           1.4            1.3           1.3       1.2
                 For info only - Total Capital Expenditure (nominal)                108.2           6.0           1.5            1.5           1.5       1.5




Page 96 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Leyte-Luzon HVAC Interc. Project                      Network Projects                   Load growth                  100% new assets
                 Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                            PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                 Asset Category                                                       2005       2006          2007           2008             2009      2010
                 (a) Transmission Lines
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Towers and associated lines                                  -             -             -              -             -         -
                       3 Poles and associated lines                                   -             -             -              -             -         -
                       4 Underground cables                                           -             -             -              -             -         -
                       5 Submarine cables                                             -             -             -              -             -         -
                       6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                       7 Other                                                        3.8           -             -              -             -         -
                       8 Spares                                                       -             -             -              -             -         -
                       9 Land used for transmission lines                             2.0           1.9           1.8            0.9           0.8       0.3
                      Tot Sub-total Transmission Lines                                5.8           1.9           1.8            0.9           0.8       0.3
                 (b) Substation Components
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Transformers (power)                                         -             -             -              -             -         -
                       3 Circuit breakers                                             -             -             -              -             -         -
                       4 Instrument transformers                                      -             -             -              -             -         -
                       5 Meters and protection                                        -             -             -              -             -         -
                       6 Capacitors and reactors                                      -             -             -              -             -         -
                       7 Buswork                                                      -             -             -              -             -         -
                       8 Other                                                        -             -             -              -             -         -
                       9 Spares                                                       -             -             -              -             -         -
                      10 Land used for substations                                    -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (c) Communication Plant
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Communications plant and infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Spares                                                       -             -             -              -             -         -
                       6 Land used for communications plant                           -             -             -              -             -         -
                      Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                 (d) System Operations
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Control room and control infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Land used for system operations                              -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (e) Non-network Assets
                       1 Computers, and office equipment                              -             -             -              -             -         -
                       2 Plant, tools, and equipment                                  -             -             -              -             -         -
                       3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                       4 Commercial buildings                                         -             -             -              -             -         -
                       5 Land (all remaining land)                                    -             -             -              -             -         -
                       6 Other                                                        -             -             -              -             -         -
                      Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                 Allocated Overhead Capitalized                                       -             -             -              -             -         -
                 Total Capital Expenditure                                            5.8           1.9           1.8            0.9           0.8       0.3
                 For info only - Total Capital Expenditure (nominal)                  5.8           2.0           2.0            1.0           1.0       0.4




Page 97 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Naga-Tayabas T/L Rehab Project                        Network Projects                   Load growth                  100% new assets
                 Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                            PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                 Asset Category                                                       2005       2006          2007           2008             2009      2010
                 (a) Transmission Lines
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Towers and associated lines                                  8.7           -             -              -             -         -
                       3 Poles and associated lines                                   -             -             -              -             -         -
                       4 Underground cables                                           -             -             -              -             -         -
                       5 Submarine cables                                             -             -             -              -             -         -
                       6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                       7 Other                                                        1.1           1.8           1.5            0.9           -         -
                       8 Spares                                                       -             -             -              -             -         -
                       9 Land used for transmission lines                             0.8           1.0           0.5            0.4           -         -
                      Tot Sub-total Transmission Lines                               10.6           2.7           1.9            1.4           -         -
                 (b) Substation Components
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Transformers (power)                                         -             -             -              -             -         -
                       3 Circuit breakers                                             -             -             -              -             -         -
                       4 Instrument transformers                                      -             -             -              -             -         -
                       5 Meters and protection                                        -             -             -              -             -         -
                       6 Capacitors and reactors                                      -             -             -              -             -         -
                       7 Buswork                                                      -             -             -              -             -         -
                       8 Other                                                        -             -             -              -             -         -
                       9 Spares                                                       -             -             -              -             -         -
                      10 Land used for substations                                    -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (c) Communication Plant
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Communications plant and infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Spares                                                       -             -             -              -             -         -
                       6 Land used for communications plant                           -             -             -              -             -         -
                      Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                 (d) System Operations
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Control room and control infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Land used for system operations                              -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (e) Non-network Assets
                       1 Computers, and office equipment                              -             -             -              -             -         -
                       2 Plant, tools, and equipment                                  -             -             -              -             -         -
                       3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                       4 Commercial buildings                                         -             -             -              -             -         -
                       5 Land (all remaining land)                                    -             -             -              -             -         -
                       6 Other                                                        -             -             -              -             -         -
                      Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                 Allocated Overhead Capitalized                                       -             -             -              -             -         -
                 Total Capital Expenditure                                           10.6           2.7           1.9            1.4           -         -
                 For info only - Total Capital Expenditure (nominal)                 10.6           2.9           2.1            1.6           -         -




Page 98 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                 Northwestern EHV                                      Network Projects                   Load growth                  100% new assets
                 Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                            PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                 Asset Category                                                       2005       2006          2007           2008             2009      2010
                 (a) Transmission Lines
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Towers and associated lines                                  -             -             -              -             -         -
                       3 Poles and associated lines                                   -             -             -              -             -         -
                       4 Underground cables                                           -             -             -              -             -         -
                       5 Submarine cables                                             -             -             -              -             -         -
                       6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                       7 Other                                                        -             -             -              -             -         -
                       8 Spares                                                       -             -             -              -             -         -
                       9 Land used for transmission lines                            20.8           5.7           4.8            1.1           0.4       0.2
                      Tot Sub-total Transmission Lines                               20.8           5.7           4.8            1.1           0.4       0.2
                 (b) Substation Components
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Transformers (power)                                         -             -             -              -             -         -
                       3 Circuit breakers                                             -             -             -              -             -         -
                       4 Instrument transformers                                      -             -             -              -             -         -
                       5 Meters and protection                                        -             -             -              -             -         -
                       6 Capacitors and reactors                                      -             -             -              -             -         -
                       7 Buswork                                                      -             -             -              -             -         -
                       8 Other                                                        -             -             -              -             -         -
                       9 Spares                                                       -             -             -              -             -         -
                      10 Land used for substations                                    4.0           4.8           0.9            0.9           0.2       0.2
                      Tot Sub-total Substation Components                             4.0           4.8           0.9            0.9           0.2       0.2
                 (c) Communication Plant
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Communications plant and infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Spares                                                       -             -             -              -             -         -
                       6 Land used for communications plant                           -             -             -              -             -         -
                      Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                 (d) System Operations
                       1 Buildings, civil works and establishment                     -             -             -              -             -         -
                       2 Control room and control infrastructure                      -             -             -              -             -         -
                       3 Ancillary infrastructure                                     -             -             -              -             -         -
                       4 Other                                                        -             -             -              -             -         -
                       5 Land used for system operations                              -             -             -              -             -         -
                      Tot Sub-total Substation Components                             -             -             -              -             -         -
                 (e) Non-network Assets
                       1 Computers, and office equipment                              -             -             -              -             -         -
                       2 Plant, tools, and equipment                                  -             -             -              -             -         -
                       3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                       4 Commercial buildings                                         -             -             -              -             -         -
                       5 Land (all remaining land)                                    -             -             -              -             -         -
                       6 Other                                                        -             -             -              -             -         -
                      Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                 Allocated Overhead Capitalized                                       -             -             -              -             -         -
                 Total Capital Expenditure                                           24.8          10.5           5.7            1.9           0.6       0.4
                 For info only - Total Capital Expenditure (nominal)                 24.8          11.0           6.2            2.2           0.7       0.5




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                  T/L & S/S Proj- Package 1 & 2                         Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  1.0           -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        4.1           4.0           1.9            0.5           -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             1.6           1.9           0.9            0.4           -         -
                       Tot Sub-total Transmission Lines                                6.6           5.9           2.9            0.9           -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        0.3           -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             0.3           -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                  Allocated Overhead Capitalized                                       2.4           -             -              -             -         -
                  Total Capital Expenditure                                            9.4           5.9           2.9            0.9           -         -
                  For info only - Total Capital Expenditure (nominal)                  9.4           6.2           3.1            1.0           -         -




Page 100 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Lahar-Affected T/L Relocation Project                 Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        0.8           1.2           1.8            0.2           -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             2.6           1.3           0.5            0.3           -         -
                       Tot Sub-total Transmission Lines                                3.4           2.5           2.2            0.4           -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                  Allocated Overhead Capitalized                                       -             -             -              -             -         -
                  Total Capital Expenditure                                            3.4           2.5           2.2            0.4           -         -
                  For info only - Total Capital Expenditure (nominal)                  3.4           2.6           2.4            0.5           -         -




Page 101 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Natural Gas Ilijan Asso T/L                           Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        0.3           -             -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             1.6           1.0           0.3            0.1           0.1       -
                       Tot Sub-total Transmission Lines                                1.9           1.0           0.3            0.1           0.1       -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     1.5           -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             1.5           -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                  Allocated Overhead Capitalized                                       0.1           -             -              -             -         -
                  Total Capital Expenditure                                            3.5           1.0           0.3            0.1           0.1       -
                  For info only - Total Capital Expenditure (nominal)                  3.5           1.0           0.3            0.2           0.1       -




Page 102 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Casecnan (Manablon) Hydro Asso. TL                    Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        0.2           -             -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             4.9           1.0           3.7            3.1           7.2       1.7
                       Tot Sub-total Transmission Lines                                5.1           1.0           3.7            3.1           7.2       1.7
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      4.2           -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             4.2           -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.0           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        0.1           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                0.1           -             -              -             -         -
                  Allocated Overhead Capitalized                                       1.9           4.5           4.5            4.4           -         -
                  Total Capital Expenditure                                           11.3           5.5           8.1            7.5           7.2       1.7
                  For info only - Total Capital Expenditure (nominal)                 11.3           5.8           8.9            8.5           8.5       2.1




Page 103 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  WB TGRL - Luzon S/S Reinf Project                     Network Projects                 Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009    2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Towers and associated lines                                  -             -             -              -             -       -
                        3 Poles and associated lines                                   -             -             -              -             -       -
                        4 Underground cables                                           -             -             -              -             -       -
                        5 Submarine cables                                             -             -             -              -             -       -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -       -
                        7 Other                                                        -             -             -              -             -       -
                        8 Spares                                                       -             -             -              -             -       -
                        9 Land used for transmission lines                             -             -             -              -             -       -
                       Tot Sub-total Transmission Lines                                -             -             -              -             -       -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     4.9           -             -              -             -       -
                        2 Transformers (power)                                         0.5           -             -              -             -       -
                        3 Circuit breakers                                             0.1           -             -              -             -       -
                        4 Instrument transformers                                      0.1           -             -              -             -       -
                        5 Meters and protection                                        0.4           -             -              -             -       -
                        6 Capacitors and reactors                                      -             -             -              -             -       -
                        7 Buswork                                                      0.2           -             -              -             -       -
                        8 Other                                                        4.2           -             -              -             -       -
                        9 Spares                                                       0.0           -             -              -             -       -
                       10 Land used for substations                                    -             -             -              -             -       -
                       Tot Sub-total Substation Components                            10.3           -             -              -             -       -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Communications plant and infrastructure                      -             -             -              -             -       -
                        3 Ancillary infrastructure                                     -             -             -              -             -       -
                        4 Other                                                        -             -             -              -             -       -
                        5 Spares                                                       -             -             -              -             -       -
                        6 Land used for communications plant                           -             -             -              -             -       -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -       -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Control room and control infrastructure                      -             -             -              -             -       -
                        3 Ancillary infrastructure                                     -             -             -              -             -       -
                        4 Other                                                        -             -             -              -             -       -
                        5 Land used for system operations                              -             -             -              -             -       -
                       Tot Sub-total Substation Components                             -             -             -              -             -       -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.1           -             -              -             -       -
                        2 Plant, tools, and equipment                                  -             -             -              -             -       -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -       -
                        4 Commercial buildings                                         -             -             -              -             -       -
                        5 Land (all remaining land)                                    -             -             -              -             -       -
                        6 Other                                                        0.2           -             -              -             -       -
                       Tot Sub-total Non-Network Assets                                0.3           -             -              -             -       -
                  Allocated Overhead Capitalized                                       0.8           -             -              -             -       -
                  Total Capital Expenditure                                           11.4           -             -              -             -       -
                  For info only - Total Capital Expenditure (nominal)                 11.4           -             -              -             -       -




Page 104 of 213                                                                                                                                             C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Luzon Cluster C S/S Exp. Project                      Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        -             -             -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             -             -             -              -             -         -
                       Tot Sub-total Transmission Lines                                -             -             -              -             -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      2.5           -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       2.8           -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             5.3           -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.1           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        0.1           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                0.1           -             -              -             -         -
                  Allocated Overhead Capitalized                                       3.0           6.9           6.8            6.7           3.5       -
                  Total Capital Expenditure                                            8.4           6.9           6.8            6.7           3.5       -
                  For info only - Total Capital Expenditure (nominal)                  8.4           7.3           7.4            7.6           4.1       -




Page 105 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  San Roque Asso. T/L & S/S                             Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  5.6           6.7           -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        -             1.6           0.3            -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             -             1.0           9.6           16.1           -         -
                       Tot Sub-total Transmission Lines                                5.6           9.3           9.9           16.1           -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        0.1           -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             0.1           -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.0           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        0.0           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                0.1           -             -              -             -         -
                  Allocated Overhead Capitalized                                       0.3           -             -              -             -         -
                  Total Capital Expenditure                                            6.1           9.3           9.9           16.1           -         -
                  For info only - Total Capital Expenditure (nominal)                  6.1           9.7          10.8           18.3           -         -




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                  Batangas Trans. Reinf. Project                        Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                 26.3           -             -              -             -         -
                        3 Poles and associated lines                                   4.5         108.2         105.2           49.3           -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        4.9           6.9           5.1            1.2           -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                            13.0           9.5           1.8            1.8           0.8       0.2
                       Tot Sub-total Transmission Lines                               48.8         124.7         112.1           52.3           0.8       0.2
                  (b) Substation Components
                        1 Buildings, civil works and establishment                    29.7          27.5           -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             0.6           0.8           -              -             -         -
                        4 Instrument transformers                                      0.3           2.5           -              -             -         -
                        5 Meters and protection                                        0.6           2.3           -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      1.2           2.5           -              -             -         -
                        8 Other                                                       12.6          10.1           -              -             -         -
                        9 Spares                                                       0.0           -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                            45.0          45.7           -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      0.0           -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             0.0           -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.9           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        0.6           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                1.5           -             -              -             -         -
                  Allocated Overhead Capitalized                                      15.1          31.3          31.1           28.3           -         -
                  Total Capital Expenditure                                          110.4         201.7         143.2           80.6           0.8       0.2
                  For info only - Total Capital Expenditure (nominal)                110.4         211.8         156.4           91.6           1.0       0.2




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                                                        Network Projects
                  Luzon(North) Subtransmission Project-1&2                                            Load growth                  100% new assets
                  Region: Luzon                                         Status: Ongoing           Who: TransCo
                                                                        PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                  2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Towers and associated lines                             -             -             -              -             -         -
                        3 Poles and associated lines                              -             -             -              -             -         -
                        4 Underground cables                                      -             -             -              -             -         -
                        5 Submarine cables                                        -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                 -             -             -              -             -         -
                        7 Other                                                   -             -             -              -             -         -
                        8 Spares                                                  -             -             -              -             -         -
                        9 Land used for transmission lines                        0.5           0.5           0.5            0.3           -         -
                       Tot Sub-total Transmission Lines                           0.5           0.5           0.5            0.3           -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Transformers (power)                                    -             -             -              -             -         -
                        3 Circuit breakers                                        -             -             -              -             -         -
                        4 Instrument transformers                                 -             -             -              -             -         -
                        5 Meters and protection                                   -             -             -              -             -         -
                        6 Capacitors and reactors                                 -             -             -              -             -         -
                        7 Buswork                                                 -             -             -              -             -         -
                        8 Other                                                   -             -             -              -             -         -
                        9 Spares                                                  -             -             -              -             -         -
                       10 Land used for substations                               -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Communications plant and infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Spares                                                  -             -             -              -             -         -
                        6 Land used for communications plant                      -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                        -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Control room and control infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Land used for system operations                         -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                         -             -             -              -             -         -
                        2 Plant, tools, and equipment                             -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                       -             -             -              -             -         -
                        4 Commercial buildings                                    -             -             -              -             -         -
                        5 Land (all remaining land)                               -             -             -              -             -         -
                        6 Other                                                   -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                           -             -             -              -             -         -
                  Allocated Overhead Capitalized                                  -             -             -              -             -         -
                  Total Capital Expenditure                                       0.5           0.5           0.5            0.3           -         -
                  For info only - Total Capital Expenditure (nominal)             0.5           0.5           0.5            0.3           -         -




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                                                        N
                  Bauang-San Esteban L2 Stringing Project etwork Projects                             Load growth                  100% new assets
                  Region: Luzon                                         Status: Ongoing           Who: TransCo
                                                                        PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                  2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Towers and associated lines                            10.3          19.0          15.6           17.6           -         -
                        3 Poles and associated lines                              -             -             -              -             -         -
                        4 Underground cables                                      -             -             -              -             -         -
                        5 Submarine cables                                        -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                 -             -             -              -             -         -
                        7 Other                                                   4.3           6.1           6.2            3.0           -         -
                        8 Spares                                                  -             -             -              -             -         -
                        9 Land used for transmission lines                        7.7          15.8          18.3           31.7           1.2       0.4
                       Tot Sub-total Transmission Lines                          22.3          40.9          40.1           52.3           1.2       0.4
                  (b) Substation Components
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Transformers (power)                                    -             -             -              -             -         -
                        3 Circuit breakers                                        -             -             -              -             -         -
                        4 Instrument transformers                                 -             -             -              -             -         -
                        5 Meters and protection                                   -             -             -              -             -         -
                        6 Capacitors and reactors                                 -             -             -              -             -         -
                        7 Buswork                                                 -             -             -              -             -         -
                        8 Other                                                   -             -             -              -             -         -
                        9 Spares                                                  -             -             -              -             -         -
                       10 Land used for substations                               -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Communications plant and infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Spares                                                  -             -             -              -             -         -
                        6 Land used for communications plant                      -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                        -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Control room and control infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Land used for system operations                         -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                         0.2           -             -              -             -         -
                        2 Plant, tools, and equipment                             -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                       -             -             -              -             -         -
                        4 Commercial buildings                                    -             -             -              -             -         -
                        5 Land (all remaining land)                               -             -             -              -             -         -
                        6 Other                                                   0.2           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                           0.3           -             -              -             -         -
                  Allocated Overhead Capitalized                                  0.6           7.2           5.1            3.1           -         -
                  Total Capital Expenditure                                      23.1          48.1          45.2           55.4           1.2       0.4
                  For info only - Total Capital Expenditure (nominal)            23.1          50.5          49.3           62.9           1.4       0.5




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                  Binga-San Manuel 230kV TL Proj.                       Network Projects                 Load growth                    59% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         21.5
                        2 Towers and associated lines                                  -             -             -             57.7          55.5       53.3
                        3 Poles and associated lines                                   -             -             -              -             -          -
                        4 Underground cables                                           -             -             -              -             -          -
                        5 Submarine cables                                             -             -             -              -             -          -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -          -
                        7 Other                                                        -             -             1.7            5.0           4.8        7.3
                        8 Spares                                                       -             -             -              -             -          -
                        9 Land used for transmission lines                             -             -             4.5           21.3          12.7        5.7
                       Tot Sub-total Transmission Lines                                -             -             6.2           84.0          72.9       87.8
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -          9.9
                        2 Transformers (power)                                         -             -             -             35.9          34.6        1.3
                        3 Circuit breakers                                             -             -             -             35.2          33.9        3.6
                        4 Instrument transformers                                      -             -             -              -             -          4.3
                        5 Meters and protection                                        -             -             -              -             -          3.0
                        6 Capacitors and reactors                                      -             -             -              -             -          -
                        7 Buswork                                                      -             -             -              -             -          -
                        8 Other                                                        -             -             0.4            -             -         12.7
                        9 Spares                                                       -             -             -              -             -          1.6
                       10 Land used for substations                                    -             -             -              -             -          -
                       Tot Sub-total Substation Components                             -             -             0.4           71.2          68.4       36.3
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -          -
                        2 Communications plant and infrastructure                      -             -             -              -             -          -
                        3 Ancillary infrastructure                                     -             -             -              -             -          -
                        4 Other                                                        -             -             -              -             -          -
                        5 Spares                                                       -             -             -              -             -          -
                        6 Land used for communications plant                           -             -             -              -             -          -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -          -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -          -
                        2 Control room and control infrastructure                      -             -             -              -             -          -
                        3 Ancillary infrastructure                                     -             -             -              -             -          -
                        4 Other                                                        -             -             -              -             -          -
                        5 Land used for system operations                              -             -             -              -             -          -
                       Tot Sub-total Substation Components                             -             -             -              -             -          -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             0.1            -             -          -
                        2 Plant, tools, and equipment                                  -             -             -              -             -          -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -          -
                        4 Commercial buildings                                         -             -             -              -             -          -
                        5 Land (all remaining land)                                    -             -             -              -             -          -
                        6 Other                                                        -             -             0.2            -             -          -
                       Tot Sub-total Non-Network Assets                                -             -             0.2            -             -          -
                  Allocated Overhead Capitalized                                       -             -             1.2            2.6           1.9        -
                  Total Capital Expenditure                                            -             -             8.0          157.8         143.3      124.1
                  For info only - Total Capital Expenditure (nominal)                  -             -             8.8          179.2         169.2      152.5




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                  Luzon(North) T/L Upgrading Projects-1 Network Projects                              Load growth                  24% new assets
                  Region: Luzon                                         Status: Ongoing           Who: TransCo
                                                                        PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                  2005       2006          2007           2008             2009     2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                -             -             -              -             -        -
                        2 Towers and associated lines                             3.1         136.3         245.8          243.2          84.7      -
                        3 Poles and associated lines                              -             -             -              -             -        -
                        4 Underground cables                                      -             -             -              -             -        -
                        5 Submarine cables                                        -             -             -              -             -        -
                        6 Easements owned by the Regulated Entity                 -             -             -              -             -        -
                        7 Other                                                   4.2          14.5          11.2            6.8           4.6      3.7
                        8 Spares                                                  -             -             -              -             -        -
                        9 Land used for transmission lines                       24.0          68.3          66.2           66.0           4.2      0.8
                       Tot Sub-total Transmission Lines                          31.2         219.1         323.2          316.0          93.5      4.5
                  (b) Substation Components
                        1 Buildings, civil works and establishment                -             -             -              -             -        -
                        2 Transformers (power)                                    -             -             -              -             -        -
                        3 Circuit breakers                                        1.4          90.9          84.7           88.1           -        -
                        4 Instrument transformers                                 -             -             -              -             -        -
                        5 Meters and protection                                   -             -             -              -             -        -
                        6 Capacitors and reactors                                 -             -             -              -             -        -
                        7 Buswork                                                 -             -             -              -             -        -
                        8 Other                                                   0.3           -             -              -             -        -
                        9 Spares                                                  -             -             -              -             -        -
                       10 Land used for substations                               -             -             -              -             -        -
                       Tot Sub-total Substation Components                        1.7          90.9          84.7           88.1           -        -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                -             -             -              -             -        -
                        2 Communications plant and infrastructure                 -             -             -              -             -        -
                        3 Ancillary infrastructure                                -             -             -              -             -        -
                        4 Other                                                   -             -             -              -             -        -
                        5 Spares                                                  -             -             -              -             -        -
                        6 Land used for communications plant                      -             -             -              -             -        -
                       Tot Sub-total UG Transmission Lines                        -             -             -              -             -        -
                  (d) System Operations
                        1 Buildings, civil works and establishment                -             -             -              -             -        -
                        2 Control room and control infrastructure                 -             -             -              -             -        -
                        3 Ancillary infrastructure                                -             -             -              -             -        -
                        4 Other                                                   -             -             -              -             -        -
                        5 Land used for system operations                         -             -             -              -             -        -
                       Tot Sub-total Substation Components                        -             -             -              -             -        -
                  (e) Non-network Assets
                        1 Computers, and office equipment                         0.0           -             -              -             -        -
                        2 Plant, tools, and equipment                             -             -             -              -             -        -
                        3 Furniture, fixtures, and fittings                       -             -             -              -             -        -
                        4 Commercial buildings                                    4.4           -             -              -             -        -
                        5 Land (all remaining land)                               -             -             -              -             -        -
                        6 Other                                                   0.0           -             -              -             -        -
                       Tot Sub-total Non-Network Assets                           4.5           -             -              -             -        -
                  Allocated Overhead Capitalized                                  2.7          14.9           8.2            2.7           -        -
                  Total Capital Expenditure                                      40.1         324.9         416.1          406.8          93.5      4.5
                  For info only - Total Capital Expenditure (nominal)            40.1         341.2         454.4          462.0         110.5      5.5




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                  Biñan-Dasmariñas T/L Upgrading                        Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     0.4           -             -              -             -         -
                        2 Towers and associated lines                                 12.3           -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        4.2           1.9           1.4            0.7           -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                            60.1           9.5           9.2           11.8           0.8       0.8
                       Tot Sub-total Transmission Lines                               77.0          11.4          10.5           12.5           0.8       0.8
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.1           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        0.2           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                0.3           -             -              -             -         -
                  Allocated Overhead Capitalized                                       8.9           9.5           9.4            9.2           -         -
                  Total Capital Expenditure                                           86.2          20.9          19.9           21.7           0.8       0.8
                  For info only - Total Capital Expenditure (nominal)                 86.2          22.0          21.7           24.6           1.0       1.0




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                  Biñan-Sucat 230kV Line Upgrade                        Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: New               Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -            16.8         140.4           17.5           -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        2.1           5.5           5.5            4.4           1.4       1.4
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             1.4          17.1           9.9            6.2           1.7       0.8
                       Tot Sub-total Transmission Lines                                3.6          39.4         155.8           28.1           3.1       2.2
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                  Allocated Overhead Capitalized                                       -             -             -              -             -         -
                  Total Capital Expenditure                                            3.6          39.4         155.8           28.1           3.1       2.2
                  For info only - Total Capital Expenditure (nominal)                  3.6          41.4         170.1           32.0           3.7       2.8




Page 113 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Luzon S/S Expansion Proj-1                            Network Projects                 Load growth                    100% new assets
                  Region: Luzon                                              Status: New               Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009       2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -           -
                        2 Towers and associated lines                                  -             -             -              -             -           -
                        3 Poles and associated lines                                   -             -             -              -             -           -
                        4 Underground cables                                           -             -             -              -             -           -
                        5 Submarine cables                                             -             -             -              -             -           -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -           -
                        7 Other                                                        -             -             -              4.8           4.1         -
                        8 Spares                                                       -             -             -              -             -           -
                        9 Land used for transmission lines                             -             -             -              -             -           -
                       Tot Sub-total Transmission Lines                                -             -             -              4.8           4.1         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -           -
                        2 Transformers (power)                                         -             -             -              1.9          68.9       165.4
                        3 Circuit breakers                                             -             -             -              0.1           4.8        12.6
                        4 Instrument transformers                                      -             -             -              0.1           4.4         9.9
                        5 Meters and protection                                        -             -             -              0.0           0.4         1.0
                        6 Capacitors and reactors                                      -             -             -              -             -           -
                        7 Buswork                                                      -             -             -              -             -           -
                        8 Other                                                        -             -             -              0.1           4.3        10.3
                        9 Spares                                                       -             -             -              0.2           7.8        17.8
                       10 Land used for substations                                    -             -             -              2.7           4.3         4.1
                       Tot Sub-total Substation Components                             -             -             -              5.1          94.8       221.2
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -           -
                        2 Communications plant and infrastructure                      -             -             -              -             -           -
                        3 Ancillary infrastructure                                     -             -             -              -             -           -
                        4 Other                                                        -             -             -              -             -           -
                        5 Spares                                                       -             -             -              -             -           -
                        6 Land used for communications plant                           -             -             -              -             -           -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -           -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -           -
                        2 Control room and control infrastructure                      -             -             -              -             -           -
                        3 Ancillary infrastructure                                     -             -             -              -             -           -
                        4 Other                                                        -             -             -              -             -           -
                        5 Land used for system operations                              -             -             -              -             -           -
                       Tot Sub-total Substation Components                             -             -             -              -             -           -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -           -
                        2 Plant, tools, and equipment                                  -             -             -              -             -           -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -           -
                        4 Commercial buildings                                         -             -             -              -             -           -
                        5 Land (all remaining land)                                    -             -             -              -             -           -
                        6 Other                                                        -             -             -              -             -           -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -           -
                  Allocated Overhead Capitalized                                       -             -             -              -             -           -
                  Total Capital Expenditure                                            -             -             -              9.9          98.9       221.2
                  For info only - Total Capital Expenditure (nominal)                  -             -             -             11.2         116.8       271.7




Page 114 of 213                                                                                                                                                 C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Luzon Transmission Equipment UpgradeNetwork Projects                                Load growth                  23% new assets
                  Region: Luzon                                         Status: New               Who: TransCo
                                                                        PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                  2005       2006          2007           2008             2009     2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                -             -             -              -             -        -
                        2 Towers and associated lines                             -             -             -              -             -        -
                        3 Poles and associated lines                              -             -             -              -             -        -
                        4 Underground cables                                      -             -             -              -             -        -
                        5 Submarine cables                                        -             -             -              -             -        -
                        6 Easements owned by the Regulated Entity                 -             -             -              -             -        -
                        7 Other                                                   -             -             -              -             -        -
                        8 Spares                                                  -             -             -              -             -        -
                        9 Land used for transmission lines                        -             -             -              -             -        -
                       Tot Sub-total Transmission Lines                           -             -             -              -             -        -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                -             -             -              -             -        -
                        2 Transformers (power)                                    -             0.5          19.4           46.5           -        -
                        3 Circuit breakers                                        -             0.3           9.7           23.2           -        -
                        4 Instrument transformers                                 -             0.2           7.8           18.7           -        -
                        5 Meters and protection                                   -             0.0           0.3            0.7           -        -
                        6 Capacitors and reactors                                 -             -             -              -             -        -
                        7 Buswork                                                 -             -             -              -             -        -
                        8 Other                                                   -             0.3          11.2           26.9           -        -
                        9 Spares                                                  -             0.1           3.7            8.8           -        -
                       10 Land used for substations                               -             -             -              -             -        -
                       Tot Sub-total Substation Components                        -             1.4          52.0          124.7           -        -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                -             -             -              -             -        -
                        2 Communications plant and infrastructure                 -             -             -              -             -        -
                        3 Ancillary infrastructure                                -             -             -              -             -        -
                        4 Other                                                   -             -             -              -             -        -
                        5 Spares                                                  -             -             -              -             -        -
                        6 Land used for communications plant                      -             -             -              -             -        -
                       Tot Sub-total UG Transmission Lines                        -             -             -              -             -        -
                  (d) System Operations
                        1 Buildings, civil works and establishment                -             -             -              -             -        -
                        2 Control room and control infrastructure                 -             -             -              -             -        -
                        3 Ancillary infrastructure                                -             -             -              -             -        -
                        4 Other                                                   -             -             -              -             -        -
                        5 Land used for system operations                         -             -             -              -             -        -
                       Tot Sub-total Substation Components                        -             -             -              -             -        -
                  (e) Non-network Assets
                        1 Computers, and office equipment                         -             -             -              -             -        -
                        2 Plant, tools, and equipment                             -             -             -              -             -        -
                        3 Furniture, fixtures, and fittings                       -             -             -              -             -        -
                        4 Commercial buildings                                    -             -             -              -             -        -
                        5 Land (all remaining land)                               -             -             -              -             -        -
                        6 Other                                                   -             -             -              -             -        -
                       Tot Sub-total Non-Network Assets                           -             -             -              -             -        -
                  Allocated Overhead Capitalized                                  -             -             -              -             -        -
                  Total Capital Expenditure                                       -             1.4          52.0          124.7           -        -
                  For info only - Total Capital Expenditure (nominal)             -             1.5          56.8          141.7           -        -




Page 115 of 213                                                                                                                                         C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Dasmariñas-Rosario 230KV T/L Project Network Projects                               Load growth                  100% new assets
                  Region: Luzon                                         Status: New               Who: TransCo
                                                                        PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                  2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Towers and associated lines                             -             -             -              -             -         -
                        3 Poles and associated lines                              -             1.3           0.7          129.8          25.1       -
                        4 Underground cables                                      -             -             -              -             -         -
                        5 Submarine cables                                        -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                 -             -             -              -             -         -
                        7 Other                                                   -             3.7           3.8            3.8           1.8       -
                        8 Spares                                                  -             -             -              -             -         -
                        9 Land used for transmission lines                        -             3.1          16.9           13.3           2.6       0.8
                       Tot Sub-total Transmission Lines                           -             8.2          21.3          147.0          29.5       0.8
                  (b) Substation Components
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Transformers (power)                                    -             -             -              -             -         -
                        3 Circuit breakers                                        -             -             -              -             -         -
                        4 Instrument transformers                                 -             -             -              -             -         -
                        5 Meters and protection                                   -             -             -              -             -         -
                        6 Capacitors and reactors                                 -             -             -              -             -         -
                        7 Buswork                                                 -             -             -              -             -         -
                        8 Other                                                   -             -             -              -             -         -
                        9 Spares                                                  -             -             -              -             -         -
                       10 Land used for substations                               -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Communications plant and infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Spares                                                  -             -             -              -             -         -
                        6 Land used for communications plant                      -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                        -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Control room and control infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Land used for system operations                         -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                         -             -             -              -             -         -
                        2 Plant, tools, and equipment                             -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                       -             -             -              -             -         -
                        4 Commercial buildings                                    -             -             -              -             -         -
                        5 Land (all remaining land)                               -             -             -              -             -         -
                        6 Other                                                   -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                           -             -             -              -             -         -
                  Allocated Overhead Capitalized                                  -             -             -              -             -         -
                  Total Capital Expenditure                                       -             8.2          21.3          147.0          29.5       0.8
                  For info only - Total Capital Expenditure (nominal)             -             8.6          23.3          166.9          34.8       1.0




Page 116 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Voltage Improvement Project - 1                       Network Projects                   Non-growth                   100% new assets
                  Region: Luzon                                              Status: New               Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        -             -             -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             -             -             -              -             -         -
                       Tot Sub-total Transmission Lines                                -             -             -              -             -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             0.0           0.7            2.7           -         -
                        4 Instrument transformers                                      -             0.0           0.6            2.5           -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             0.6          14.6           57.9           -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             0.0           0.3            1.2           -         -
                        9 Spares                                                       -             0.0           0.4            1.5           -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             0.7          16.6           65.7           -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                  Allocated Overhead Capitalized                                       -             -             -              -             -         -
                  Total Capital Expenditure                                            -             0.7          16.6           65.7           -         -
                  For info only - Total Capital Expenditure (nominal)                  -             0.7          18.1           74.6           -         -




Page 117 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Tap Hermosa-Balintawak                                Network Projects                   Load growth                100% new assets
                  Region: Luzon                                              Status: New               Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009    2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Towers and associated lines                                  -             -             -              -             -       -
                        3 Poles and associated lines                                   -             5.4           9.0            -             -       -
                        4 Underground cables                                           -             -             -              -             -       -
                        5 Submarine cables                                             -             -             -              -             -       -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -       -
                        7 Other                                                        -             -             -              -             -       -
                        8 Spares                                                       -             -             -              -             -       -
                        9 Land used for transmission lines                             -             -             -              -             -       -
                       Tot Sub-total Transmission Lines                                -             5.4           9.0            -             -       -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Transformers (power)                                         -             -             -              -             -       -
                        3 Circuit breakers                                             -             -             -              -             -       -
                        4 Instrument transformers                                      -             -             -              -             -       -
                        5 Meters and protection                                        -             -             -              -             -       -
                        6 Capacitors and reactors                                      -             -             -              -             -       -
                        7 Buswork                                                      -             -             -              -             -       -
                        8 Other                                                        -             -             -              -             -       -
                        9 Spares                                                       -             -             -              -             -       -
                       10 Land used for substations                                    -             -             -              -             -       -
                       Tot Sub-total Substation Components                             -             -             -              -             -       -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Communications plant and infrastructure                      -             -             -              -             -       -
                        3 Ancillary infrastructure                                     -             -             -              -             -       -
                        4 Other                                                        -             -             -              -             -       -
                        5 Spares                                                       -             -             -              -             -       -
                        6 Land used for communications plant                           -             -             -              -             -       -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -       -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Control room and control infrastructure                      -             -             -              -             -       -
                        3 Ancillary infrastructure                                     -             -             -              -             -       -
                        4 Other                                                        -             -             -              -             -       -
                        5 Land used for system operations                              -             -             -              -             -       -
                       Tot Sub-total Substation Components                             -             -             -              -             -       -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -       -
                        2 Plant, tools, and equipment                                  -             -             -              -             -       -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -       -
                        4 Commercial buildings                                         -             -             -              -             -       -
                        5 Land (all remaining land)                                    -             -             -              -             -       -
                        6 Other                                                        -             -             -              -             -       -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -       -
                  Allocated Overhead Capitalized                                       -             -             -              -             -       -
                  Total Capital Expenditure                                            -             5.4           9.0            -             -       -
                  For info only - Total Capital Expenditure (nominal)                  -             5.7           9.8            -             -       -




Page 118 of 213                                                                                                                                             C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  New Gamu 230 KV SS Project                            Network Projects                   Load growth                  100% new assets
                  Region: Luzon                                              Status: New               Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        -             -             -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             -             -             -              -             -         -
                       Tot Sub-total Transmission Lines                                -             -             -              -             -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -            29.6          58.5           10.7           -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -            29.6          58.5           10.7           -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                  Allocated Overhead Capitalized                                       -             -             -              -             -         -
                  Total Capital Expenditure                                            -            29.6          58.5           10.7           -         -
                  For info only - Total Capital Expenditure (nominal)                  -            31.1          63.8           12.1           -         -




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                  Leyte-Cebu HVAC Interc. Project-Stage1 Network Projects                             Load growth                  100% new assets
                  Region: Visayas                                       Status: Ongoing           Who: TransCo
                                                                        PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                  2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Towers and associated lines                             -             -             -              -             -         -
                        3 Poles and associated lines                              -             -             -              -             -         -
                        4 Underground cables                                      -             -             -              -             -         -
                        5 Submarine cables                                        -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                 -             -             -              -             -         -
                        7 Other                                                   -             -             -              -             -         -
                        8 Spares                                                  -             -             -              -             -         -
                        9 Land used for transmission lines                        4.3           2.9           3.0            0.9           0.4       0.4
                       Tot Sub-total Transmission Lines                           4.3           2.9           3.0            0.9           0.4       0.4
                  (b) Substation Components
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Transformers (power)                                    -             -             -              -             -         -
                        3 Circuit breakers                                        -             -             -              -             -         -
                        4 Instrument transformers                                 -             -             -              -             -         -
                        5 Meters and protection                                   -             -             -              -             -         -
                        6 Capacitors and reactors                                 -             -             -              -             -         -
                        7 Buswork                                                 -             -             -              -             -         -
                        8 Other                                                   -             -             -              -             -         -
                        9 Spares                                                  -             -             -              -             -         -
                       10 Land used for substations                               -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Communications plant and infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Spares                                                  -             -             -              -             -         -
                        6 Land used for communications plant                      -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                        -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Control room and control infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Land used for system operations                         -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                         -             -             -              -             -         -
                        2 Plant, tools, and equipment                             -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                       -             -             -              -             -         -
                        4 Commercial buildings                                    -             -             -              -             -         -
                        5 Land (all remaining land)                               -             -             -              -             -         -
                        6 Other                                                   -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                           -             -             -              -             -         -
                  Allocated Overhead Capitalized                                  -             -             -              -             -         -
                  Total Capital Expenditure                                       4.3           2.9           3.0            0.9           0.4       0.4
                  For info only - Total Capital Expenditure (nominal)             4.3           3.0           3.2            1.0           0.5       0.5




Page 120 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Cebu III Transmission                                 Network Projects                   Load growth                  100% new assets
                  Region: Visayas                                            Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        0.5           0.5           0.4            -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             -             -             -              -             -         -
                       Tot Sub-total Transmission Lines                                0.5           0.5           0.4            -             -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     8.0           7.7           -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                   16.6          71.4          69.2           13.2           1.7       0.8
                       Tot Sub-total Substation Components                            24.6          79.1          69.2           13.2           1.7       0.8
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.0           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                0.0           -             -              -             -         -
                  Allocated Overhead Capitalized                                       5.6           -             8.3            8.1           -         -
                  Total Capital Expenditure                                           30.8          79.7          77.8           21.3           1.7       0.8
                  For info only - Total Capital Expenditure (nominal)                 30.8          83.7          85.0           24.2           2.0       1.0




Page 121 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Leyte-Bohol Int.Proj.(Stage2)                         Network Projects                   Load growth                  100% new assets
                  Region: Visayas                                            Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                 10.4           -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                       13.4           1.6           -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             7.4           6.1           2.3            1.3           0.8       0.1
                       Tot Sub-total Transmission Lines                               31.2           7.7           2.3            1.3           0.8       0.1
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    1.0           0.5           0.1            0.1           -         -
                       Tot Sub-total Substation Components                             1.0           0.5           0.1            0.1           -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.1           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        0.2           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                0.3           -             -              -             -         -
                  Allocated Overhead Capitalized                                       7.0           5.5           5.3            2.7           -         -
                  Total Capital Expenditure                                           39.5          13.6           7.7            4.1           0.8       0.1
                  For info only - Total Capital Expenditure (nominal)                 39.5          14.3           8.4            4.7           1.0       0.1




Page 122 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Panay IV Transmission                                 Network Projects                   Load growth                  100% new assets
                  Region: Visayas                                            Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     0.2           -             -              -             -         -
                        2 Towers and associated lines                                  3.1           -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        0.4           -             -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             1.5           1.9           0.9            0.9           0.3       0.2
                       Tot Sub-total Transmission Lines                                5.2           1.9           0.9            0.9           0.3       0.2
                  (b) Substation Components
                        1 Buildings, civil works and establishment                    12.9           9.5           9.2           16.4           -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        7.3           -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                            20.3           9.5           9.2           16.4           -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.2           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        0.3           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                0.4           -             -              -             -         -
                  Allocated Overhead Capitalized                                       2.0           1.8           0.9            -             -         -
                  Total Capital Expenditure                                           27.9          13.2          11.0           17.3           0.3       0.2
                  For info only - Total Capital Expenditure (nominal)                 27.9          13.9          12.0           19.7           0.4       0.2




Page 123 of 213                                                                                                                                               C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Negros III Transmission                               Network Projects                 Load growth                  100% new assets
                  Region: Visayas                                            Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009    2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Towers and associated lines                                  -             -             -              -             -       -
                        3 Poles and associated lines                                   0.1           -             -              -             -       -
                        4 Underground cables                                           -             -             -              -             -       -
                        5 Submarine cables                                             -             -             -              -             -       -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -       -
                        7 Other                                                        -             -             -              -             -       -
                        8 Spares                                                       -             -             -              -             -       -
                        9 Land used for transmission lines                             -             -             -              -             -       -
                       Tot Sub-total Transmission Lines                                0.1           -             -              -             -       -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     5.6           -             -              -             -       -
                        2 Transformers (power)                                         -             -             -              -             -       -
                        3 Circuit breakers                                             -             -             -              -             -       -
                        4 Instrument transformers                                      0.0           -             -              -             -       -
                        5 Meters and protection                                        0.0           -             -              -             -       -
                        6 Capacitors and reactors                                      -             -             -              -             -       -
                        7 Buswork                                                      -             -             -              -             -       -
                        8 Other                                                        4.7           -             -              -             -       -
                        9 Spares                                                       0.0           -             -              -             -       -
                       10 Land used for substations                                    -             -             -              -             -       -
                       Tot Sub-total Substation Components                            10.4           -             -              -             -       -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Communications plant and infrastructure                      0.0           -             -              -             -       -
                        3 Ancillary infrastructure                                     0.0           -             -              -             -       -
                        4 Other                                                        -             -             -              -             -       -
                        5 Spares                                                       -             -             -              -             -       -
                        6 Land used for communications plant                           -             -             -              -             -       -
                       Tot Sub-total UG Transmission Lines                             0.0           -             -              -             -       -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -       -
                        2 Control room and control infrastructure                      -             -             -              -             -       -
                        3 Ancillary infrastructure                                     -             -             -              -             -       -
                        4 Other                                                        -             -             -              -             -       -
                        5 Land used for system operations                              -             -             -              -             -       -
                       Tot Sub-total Substation Components                             -             -             -              -             -       -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.2           -             -              -             -       -
                        2 Plant, tools, and equipment                                  -             -             -              -             -       -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -       -
                        4 Commercial buildings                                         -             -             -              -             -       -
                        5 Land (all remaining land)                                    -             -             -              -             -       -
                        6 Other                                                        0.2           -             -              -             -       -
                       Tot Sub-total Non-Network Assets                                0.4           -             -              -             -       -
                  Allocated Overhead Capitalized                                       4.8           -             -              -             -       -
                  Total Capital Expenditure                                           15.7           -             -              -             -       -
                  For info only - Total Capital Expenditure (nominal)                 15.7           -             -              -             -       -




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                  Negros IV 138kV Transmission Project Network Projects                               Load growth                  100% new assets
                  Region: Visayas                                       Status: Ongoing           Who: TransCo
                                                                        PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                  2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Towers and associated lines                             1.5           -             -              -             -         -
                        3 Poles and associated lines                              -             -             -              -             -         -
                        4 Underground cables                                      -             -             -              -             -         -
                        5 Submarine cables                                        -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                 -             -             -              -             -         -
                        7 Other                                                   0.8           -             -              -             -         -
                        8 Spares                                                  -             -             -              -             -         -
                        9 Land used for transmission lines                        0.3           1.0           0.9            0.4           0.2       0.1
                       Tot Sub-total Transmission Lines                           2.7           1.0           0.9            0.4           0.2       0.1
                  (b) Substation Components
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Transformers (power)                                    -             -             -              -             -         -
                        3 Circuit breakers                                        -             -             -              -             -         -
                        4 Instrument transformers                                 -             -             -              -             -         -
                        5 Meters and protection                                   -             -             -              -             -         -
                        6 Capacitors and reactors                                 -             -             -              -             -         -
                        7 Buswork                                                 -             -             -              -             -         -
                        8 Other                                                   -             -             -              -             -         -
                        9 Spares                                                  -             -             -              -             -         -
                       10 Land used for substations                               -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Communications plant and infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Spares                                                  -             -             -              -             -         -
                        6 Land used for communications plant                      -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                        -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Control room and control infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Land used for system operations                         -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                         0.1           -             -              -             -         -
                        2 Plant, tools, and equipment                             -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                       -             -             -              -             -         -
                        4 Commercial buildings                                    -             -             -              -             -         -
                        5 Land (all remaining land)                               -             -             -              -             -         -
                        6 Other                                                   0.4           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                           0.5           -             -              -             -         -
                  Allocated Overhead Capitalized                                  2.3           -             -              -             -         -
                  Total Capital Expenditure                                       5.4           1.0           0.9            0.4           0.2       0.1
                  For info only - Total Capital Expenditure (nominal)             5.4           1.0           1.0            0.5           0.2       0.1




Page 125 of 213                                                                                                                                          C:\Docstoc\Working\pdf\06d94436-cf4d-427c-b06c-3d60b5230245.xls\ERC Real by project\7/1/2011
                  Leyte-Samar Reinf. 69/138kV Project                   Network Projects                   Load growth                  100% new assets
                  Region: Visayas                                            Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  1.2           -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        0.4           -             -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             0.5           1.6           0.4            0.3           0.1       0.1
                       Tot Sub-total Transmission Lines                                2.1           1.6           0.4            0.3           0.1       0.1
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     0.8           2.9           -              -             -         -
                        2 Transformers (power)                                        22.0          76.7           -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        1.1           0.1           -              -             -         -
                        9 Spares                                                       0.1           -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                            24.0          79.7           -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              0.0           -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        0.1           -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                0.1           -             -              -             -         -
                  Allocated Overhead Capitalized                                       1.5           7.0           5.9            4.7           -         -
                  Total Capital Expenditure                                           27.7          88.4           6.3            5.0           0.1       0.1
                  For info only - Total Capital Expenditure (nominal)                 27.7          92.8           6.9            5.7           0.2       0.2




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                  Visayas Capacitor Project 1                           Network Projects                 Load growth                    100% new assets
                  Region: Visayas                                            Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             -             -              -             -         -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        -             -             -              -             -         -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             -             -             -              -             -         -
                       Tot Sub-total Transmission Lines                                -             -             -              -             -         -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -            17.3            8.4           0.8       -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -            17.3            8.4           0.8       -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                  Allocated Overhead Capitalized                                       -             -             -              -             -         -
                  Total Capital Expenditure                                            -             -            17.3            8.4           0.8       -
                  For info only - Total Capital Expenditure (nominal)                  -             -            18.9            9.5           1.0       -




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                                                         Network Projects
                  Cebu-Mactan Interconnection Proj.(Turnkey)                                          Load growth                  100% new assets
                  Region: Visayas                                       Status: Ongoing           Who: TransCo
                                                                        PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                  2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Towers and associated lines                             -             -             -              -             -         -
                        3 Poles and associated lines                              -             -             -              -             -         -
                        4 Underground cables                                      -             -             -              -             -         -
                        5 Submarine cables                                        -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                 -             -             -              -             -         -
                        7 Other                                                  11.6           2.0           1.1            -             -         -
                        8 Spares                                                  -             -             -              -             -         -
                        9 Land used for transmission lines                        5.0           8.6           9.2            0.9           0.4       0.8
                       Tot Sub-total Transmission Lines                          16.5          10.5          10.4            0.9           0.4       0.8
                  (b) Substation Components
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Transformers (power)                                    -             -             -              -             -         -
                        3 Circuit breakers                                        -             -             -              -             -         -
                        4 Instrument transformers                                 -             -             -              -             -         -
                        5 Meters and protection                                   -             -             -              -             -         -
                        6 Capacitors and reactors                                 -             -             -              -             -         -
                        7 Buswork                                                 -             -             -              -             -         -
                        8 Other                                                   -             -             -              -             -         -
                        9 Spares                                                  -             -             -              -             -         -
                       10 Land used for substations                               -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Communications plant and infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Spares                                                  -             -             -              -             -         -
                        6 Land used for communications plant                      -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                        -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                -             -             -              -             -         -
                        2 Control room and control infrastructure                 -             -             -              -             -         -
                        3 Ancillary infrastructure                                -             -             -              -             -         -
                        4 Other                                                   -             -             -              -             -         -
                        5 Land used for system operations                         -             -             -              -             -         -
                       Tot Sub-total Substation Components                        -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                         -             -             -              -             -         -
                        2 Plant, tools, and equipment                             -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                       -             -             -              -             -         -
                        4 Commercial buildings                                    -             -             -              -             -         -
                        5 Land (all remaining land)                               -             -             -              -             -         -
                        6 Other                                                   -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                           -             -             -              -             -         -
                  Allocated Overhead Capitalized                                  5.9           7.3           4.6            4.5           -         -
                  Total Capital Expenditure                                      22.5          17.8          14.9            5.4           0.4       0.8
                  For info only - Total Capital Expenditure (nominal)            22.5          18.7          16.3            6.1           0.5       1.0




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                  Negros V Transmission Project                         Network Projects                   Load growth                  100% new assets
                  Region: Visayas                                            Status: Ongoing           Who: TransCo
                                                                             PESO CAPITAL EXPENDITURE for TRANSCO - Expressed in real Million PESO
                  Asset Category                                                       2005       2006          2007           2008             2009      2010
                  (a) Transmission Lines
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Towers and associated lines                                  -             4.8          22.9           28.2           9.6       -
                        3 Poles and associated lines                                   -             -             -              -             -         -
                        4 Underground cables                                           -             -             -              -             -         -
                        5 Submarine cables                                             -             -             -              -             -         -
                        6 Easements owned by the Regulated Entity                      -             -             -              -             -         -
                        7 Other                                                        3.2          24.4          11.0            8.3           1.7       -
                        8 Spares                                                       -             -             -              -             -         -
                        9 Land used for transmission lines                             0.8           4.8           4.6            2.6           0.8       -
                       Tot Sub-total Transmission Lines                                4.0          34.0          38.4           39.1          12.1       -
                  (b) Substation Components
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Transformers (power)                                         -             -             -              -             -         -
                        3 Circuit breakers                                             -             -             -              -             -         -
                        4 Instrument transformers                                      -             -             -              -             -         -
                        5 Meters and protection                                        -             -             -              -             -         -
                        6 Capacitors and reactors                                      -             -             -              -             -         -
                        7 Buswork                                                      -             -             -              -             -         -
                        8 Other                                                        -             -             -              -             -         -
                        9 Spares                                                       -             -             -              -             -         -
                       10 Land used for substations                                    -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (c) Communication Plant
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Communications plant and infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Spares                                                       -             -             -              -             -         -
                        6 Land used for communications plant                           -             -             -              -             -         -
                       Tot Sub-total UG Transmission Lines                             -             -             -              -             -         -
                  (d) System Operations
                        1 Buildings, civil works and establishment                     -             -             -              -             -         -
                        2 Control room and control infrastructure                      -             -             -              -             -         -
                        3 Ancillary infrastructure                                     -             -             -              -             -         -
                        4 Other                                                        -             -             -              -             -         -
                        5 Land used for system operations                              -             -             -              -             -         -
                       Tot Sub-total Substation Components                             -             -             -              -             -         -
                  (e) Non-network Assets
                        1 Computers, and office equipment                              -             -             -              -             -         -
                        2 Plant, tools, and equipment                                  -             -             -              -             -         -
                        3 Furniture, fixtures, and fittings                            -             -             -              -             -         -
                        4 Commercial buildings                                         -             -             -              -             -         -
                        5 Land (all remaining land)                                    -             -             -              -             -         -
                        6 Other                                                        -             -             -              -             -         -
                       Tot Sub-total Non-Network Assets                                -             -             -              -             -         -
                  Allocated Overhead Capitalized                                       0.9           0.3           0.9            0.9           -         -
                  Total Capital Expenditure                                            4.9          34.2          39.4           40.0          12.1       -
                  For info only - Total Capital Expenditure (nominal)                  4.9          35.9          43.0