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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 7648 - AN
ACT PRESCRIBING URGENT RELATED MEASURES NECESSARY AND PROPER TO
EFFECTIVELY ADDRESS THE ELECTRIC POWER CRISIS AND FOR OTHER PURPOSES Section 1. Short Title. — This act shall be known as the "Electric Power Crisis Act of 1993." Sec. 2. Declaration of Policy. — It is hereby declared the policy of the State to adopt adequate and effective measures to address the electric power crisis that has disrupted the country's economic and social life and assumed the nature and magnitude of a public calamity. Sec. 3. Negotiated Contracts. — Pursuant to the
above declared policy and in the public interest and whenever it is
advantageous to the Government, the President may enter into negotiated
contracts for the construction, repair, rehabilitation, improvement or
maintenance of power plants, projects and facilities, subject to the
following requirements: Sec. 4. Return on Rate Base. — Further pursuant to
the above- declared policy, the President is hereby authorized,
whenever it is necessary for the national welfare and in the public
interest, to fix the rate of return on rate base of the National Power
Corporation (NAPOCOR) to not more than twelve per centum (12%) of the
rate base as defined in Sec. 4 of Republic Act No. 6395, as amended.
Any increase in power rates shall take effect only upon approval of the
Energy Regulatory Board (ERB), after due notice and hearing; Provided,
that any increase in power rates by the NAPOCOR to its customers within
the year 1993 shall not exceed an average of eighteen centavos (P0.18)
per kilowatt house: provided, further, that any increase in power rates
shall not be passed on to households consuming not more than one
hundred (100) kilowatt-hours per month for five (5) years following the
effectivity of this Act: provided, furthermore, that the existing
subsidy enjoyed by households consuming less than three hundred (300)
kilowatt-hours per month shall continue in effect; Provided, finally,
that no power rate increase whatsoever shall be imposed by the NAPOCOR
in provinces producing geothermal power of not less than one hundred
megawatts (100 MW) of actual capacity for one (1) year following the
effectivity of this Act. Sec. 5. Reorganization of the National Power
Corporation. — The President is hereby empowered to reorganize the
NAPOCOR, to make it more effective, innovative, and responsive to the
power crisis. For this purpose, the President may abolish or create
offices; split, group, or merge positions; transfer functions,
equipment, properties, records and personnel; institute drastic
cost-cutting measures and take such other related actions necessary to
carry out the purpose herein declared. Nothing in this Section shall
result in the diminution of the present salaries and benefits of the
personnel of the NAPOCOR: provided, that any official or employee of
the NAPOCOR who may be phased out by reason of the reorganization
authorized herein shall be entitled to such benefits as may be
determined by the Board of Directors of the NAPOCOR, with the approval
of the President. Sec. 6. Subsidy. — The Philippine Amusement and Gaming Corporation (PAGCOR) shall set aside ten per centum (10%) of its annual aggregate gross earnings for the next five (5) years as subsidy to the NAPOCOR: provided, that such percentage allocation shall be based on gross revenue after deducting the five per centum (5%) franchise tax and the fifty per centum (50%) income share of the National Government. Sec. 7. Duration of Grant of Powers. — The authority granted to the President under this Act shall subsist, be valid and effective for a period of one (1) year from the effectivity of this Act, unless sooner with- drawn by a resolution of Congress, without prejudice to rights and benefits that may have been vested, and culpabilities and liabilities that may have been incurred. Sec. 8. Oversight Committees. — There is hereby
created an Oversight Committee in each House of Congress to be composed
of five (5) members of each, as may be designated by the Senate
President and the Speaker of the House of Representatives, to monitor
the implementation of this Act and the exercise of the authority
granted thereunder. Sec. 9. Report to Congress. — The President shall
submit a quarterly report to Congress on the Implementation of this
Act. Approved: April 5, 1993 |
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