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TransCo assumed its new role as a result of the privatization of operations, maintenance, management, expansion, construction, and eminent domain upon their turnover to NGCP on January 15, 2009, which was to protect the national government's interest by ensuring NGCP's compliance with the terms and conditions of its concession agreement with ...
TransCo is also responsible for protecting the national government's interests by monitoring NGCP's compliance with the standards set by its concession agreement with NGCP, congressional franchise and other relevant laws, handle existing cases such as right-of-way (portion of a power line) and lands where the transmission structures stand ...
A concession or concession agreement is a grant of rights, land, property, or facility by a government, local authority, corporation, individual or other legal entity. [ 1 ] Public services such as water supply may be operated as a concession.
The NYSPSC approved the Certificate of Public Convenience and Necessity for the TOTS projects (usually required before construction of a project) on behalf of Transco on May 19, 2016 (pursuant to section 68 of the Public Service Law). [7] Most other major transmission projects in New York are subject to Article VII of the Public Service Law. [8]
In international relations, a concession is a "synallagmatic act by which a State transfers the exercise of rights or functions proper to itself to a foreign private test which, in turn, participates in the performance of public functions and thus gains a privileged position vis-a-vis other private law subjects within the jurisdiction of the State concerned."
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract.
The Sucat–Paco–Araneta–Balintawak Transmission Line (abbreviated as SA, [a] 8LI1QUE-DIM, [b] 8LI1DIM-MNA, [c] 8LI1MNA-MUN, [d] SPABTL) also known as Muntinlupa–Manila–Doña Imelda–Quezon Transmission Line, and formerly known as Sucat–Araneta–Balintawak Transmission Line from July 2000 to October 2012, is a 230,000 volt, single-circuit, three-part transmission line in Metro ...
Transco was founded in October 1936, with its business mainly focused on servicing the railroad industry. In 1984, the company was restructured, with Transco Inc. now serving as the parent company for a number of subsidiary corporations, including Transco Railway Products Inc., Transco Products Inc., and Advance Thermal Corp. Transco Railway Products Inc. has its corporate offices in Chicago ...