PRESIDENTIAL DECREE NO. 1443

: The primary purpose is to amend Section 5(b) of Republic Act No. 6395 as amended, to allow the government to provide additional equity contributions to the National Power Corporation (NPC) to support its ten-year power expansion program.
: The authorized capital stock is Fifty Billion Pesos (P50,000,000,000.00) divided into Five Hundred Million (500,000,000) shares having a par value of One Hundred Pesos each.
: No, the shares are not to be transferred, negotiated, pledged, mortgaged, or otherwise given as security for the payment of any obligation.
: The sum of Three Hundred Million Pesos of the capital stock has been subscribed and paid wholly by the Government.
: Twenty-Nine Million Two Hundred Sixty-Seven Thousand Six Hundred Pesos representing 292,676 shares.
: The balance shall be paid by conversion into equity capital of existing bonding indebtedness, cost of future reparation goods allocated to the NPC, surpluses of the Corporation, and from sums appropriated annually from the National Treasury.
: Yes, the decree allows the appropriation of such additional sums as may be necessary to meet the yearly financial requirements of the power program.
: The Budget Commission is tasked to program and release the annual appropriations according to the cash requirements schedule submitted by the NPC.
: The decree took effect immediately upon its signing on June 11, 1978.