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PHILIPPINE LAWS, STATUTES & CODES
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REPUBLIC ACT NO. 7606 - AN ACT
GRANTING TARLAC ENTERPRISES, INC. A FRANCHISE TO CONSTRUCT, OPERATE AND
MAINTAIN AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY
OF TARLAC, PROVINCE OF TARLAC, FOR A PERIOD OF TWENTY-FIVE (25) YEARS
AND OTHER PURPOSES Section 1. Subject to the provisions of the Constitution and the provisions of laws, orders or issuances not inconsistent herewith, Tarlac Enterprises, Inc., hereunder referred to as the grantee, is hereby granted a franchise to construct, operate and maintain an electric light, heat and power system for the purpose of generating and/or distributing electric light, heat and power for sale in the Municipality of Tarlac, Province of Tarlac, for a period of twenty-five (25) years from the date of the approval of this Act. Sec. 2. The grantee shall have the right and
privilege to install, lay and maintain on all streets, public
thoroughfares, bridges and public places within the territory covered
by this franchise poles, wires, transformers, capacitors, overhead
protective devices, poleline hardware and other equipment necessary for
the safe distribution of electric current to the public. Sec. 3. At such time that the National Power Corporation shall have established its line in the areas adjacent to or over the territory covered by this franchise, it shall make available its power and heat only after negotiations with and through or with the authority and consent of the grantee, which shall be the exclusive distributor of whatever power the aforesaid corporation may make available to adjacent areas or within the territory covered by this franchise. Sec. 4. The grantee shall undertake the
electrification of all unenergized barangays in the Municipality of
Tarlac, Province of Tarlac, within a radius of five kilometers (5 km.)
from its existing lines within (5) years and the remaining unenergized
barangays in the said municipality within fifteen (15) years from the
approval of this Act. Sec. 5. The rates for the sale of electricity,
heat and power by the grantee to its consumers shall be subject to the
regulations of the Energy Regulatory Board. Sec. 6. In the event that the Government should desire to operate and maintain for itself the system and enterprise herein authorized, the grantee shall surrender its franchise and shall turn over to the Government all its equipment at fair market value. Sec. 7. The grantee shall be liable to pay
franchise, income and other taxes as provided for in Executive Order
No. 72 and Sec. 24 (c) of the National Internal Revenue Code, as
amended. Sec. 8. The franchise herein granted shall be subject to amendment, alteration or repeal by Congress when the common good so requires. Sec. 9. The grantee shall submit annual
accomplishment report to the Congress of the Republic of the
Philippines of all its obligations and duties under this
franchise. |
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