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| REPUBLIC ACT NO. 2993 - AN ACT TO
GRANT THE TANAUAN ELECTRIC & DEVELOPMENT CO., INC., OF TANAUAN,
BATANGAS, A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM FOR
THE TOWNS OF TANAUAN AND MALVAR, BOTH OF THE PROVINCE OF BATANGAS |
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Section
1. Subject to the terms and conditions established in
the Act Numbered Thirty-six hundred and thirty-six, as amended by
Commonwealth Act Numbered One hundred and thirty-two, and to the
provisions of the Constitution, there is granted to the Tanauan
Electric & Development Co., Inc., of the Tanauan, Batangas, for a
period of twenty-five years from the approval of this Act, the right,
privilege and authority to construct, maintain and operate an electric
light, heat and power system for the purpose of generating and
distributing electric light, heat and/or power for sale within the
limits of the towns of Tanauan and Malvar, both in the Province of
Batangas. Section 2. In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power, the National Power Corporation is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates. Section 3. This Act shall take effect upon its approval. Enacted without Executive approval, June 19, 1960. |
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