True or false

Statement I. The National Grid Corporation of the Philippines (NGCP) is the transmission system operator for three grids constituting the Philippine grid and as a franchise holder, it is in charge of operating, maintaining, and developing the country's state-owned power grid. The Philippine transmission system is composed of three grids, the Luzon Grid, Visayas Grid, and Mindanao Grid.

Statement II. Power generation is regulated by the Energy Regulatory Commission (ERC) who must issue a certificate of compliance to interested parties to ensure that the standards set forth in the Electric Power Industry Reform Act of 2001 (EPIRA) are followed.

Statement III. The power industry covers the generation, transmission, distribution and sale of power to the general public and industry. Group of answer choices False, False, False True, True, False True, True, True True, False, True