Formulates policies, plans and programs related to the compliance of energy resource developers and/or power producer on the granting of benefit to the concerned local government units and ensures effective implementation thereof in accordance with government rules and regulations, monitors the national wealth tax on energy resources production and other DOE- administered energy funds as well as the utilization, thereof
E R 1-94 Fund Section
- Formulates fiscal policy recommendations relative to the benefits hosting the energy resource/ energy generating facilities
- Coordinates with DOE units on the allocation of ER 1-94 Fund and approved projects to be funded from the Fund
- Conducts detailed audit of electricity sales of energy resource developer/power producers and expenses sourced from ER 1-94 Fund
- Evaluates energy resource developer and/or power producers compliance with their financial and other contractual obligations
- Prepares and maintains database on financial data on ER 1-94 Fund
- Monitors and remits to the DOE Treasury Division all monies due from energy resource developer/ power produces and/or local government units relative to ER 1-94 Fund
- Coordinates and/or provides financial data to various DOE units, government agencies and other stakeholders on ER 1-94 Fund
- Coordinates and monitors the utilization of the allocated budget
- Consolidates and synthesizes the section’s accomplishment reports
- Performs ad hoc functions as may be assigned
Energy Funds Section
- Formulates fiscal policy recommendations relative to other DOE-administered energy funds
- Coordinates on the contribution and utilization of other DOE-administered energy funds
- Monitors and/or conducts audit on the balances of the other DOE-administered energy funds
- Prepares and maintains database on financial data on other DOE-administered energy funds
- Coordinates and/or provides financial data to various DOE units, government agencies and other stakeholders on other DOE-administered energy funds
- Coordinates and monitors the utilization of the allocated budget
- Consolidates and synthesizes section’s accomplishment reports
- Performs ad hoc functions as may be assigned