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PRESIDENTIAL DECREE NO. 1700
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PRESIDENTIAL DECREE NO. 1700 -
GRANTING THE BOARD OF ENERGY THE POWER TO REGULATE AND FIX THE RATES OF
PIPELINE CONCESSIONAIRES AND AMENDING FOR THAT PURPOSE Section 9 OF
PRESIDENTIAL DECREE NO. 1206
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WHEREAS,
the determination of the rates of pipeline concessionaires is a
quasi-judicial and quasi-legislative function;chanroblesvirtualawlibrary
WHEREAS, the jurisdiction over the determination of the rates of
pipeline concessionaires must be specifically stated and provided for
by law;chanroblesvirtualawlibrary
WHEREAS, in view of the foregoing consideration, it is necessary to
amend Section 9 of the Presidential Decree No. 1206.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby order and decree as follows:cralaw:red
Section 1. In addition to the powers enumerated under
Section 9 of Presidential Decree No. 1206, the Board of Energy shall
have the power to regulate and fix the rates of pipeline
concessionaires under the provisions of Republic Act No. 387, as
amended, otherwise known as the Petroleum Act, and the said Board shall
prescribe and promulgate the necessary rules and regulations on this
matter. The provisions of Section 9 of Presidential Decree No. 1206
shall be deemed amended in accordance with this Decree.
Section 2. All existing laws, order, rules and
regulations contrary or inconsistent with the provisions of this Decree
are hereby repealed or modified accordingly. chanroblesvirtualawlibrary
Section 3. This Decree shall take effect
immediately. chanroblesvirtualawlibrary
Done in the City of Manila,
this 10th day of July, in the year of Our Lord, nineteen hundred and
eighty.
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