Question & AnswerQ&A (Republic Act No. 1610)
The purpose of Republic Act No. 1610 is to grant the Negros Electric Power Corporation a franchise to develop, construct, maintain, and operate a hydroelectric power plant along the Bago River in the Province of Negros Occidental for generating and distributing electric light, heat, and power for sale.
The franchise is granted for a period of twenty-five years from the approval of the Act.
The grantee must complete the building of the hydroelectric power plant within five years from the approval of the Act.
The corporation is granted the right, privilege, and authority to develop, construct, maintain, and operate a hydroelectric power plant and to generate and distribute electric light, heat, and power within Negros Occidental.
The schedule of prices and rates charged for electric current shall at all times be subject to regulation by the Public Service Commission.
The grantee is exempt from the payment of all internal revenue taxes directly payable by it.
The grantee must surrender its franchise and turn over all installations and serviceable equipment to the government at cost, less reasonable depreciation.
Yes, the Act is subject to the provisions of the Constitution and the terms and conditions established in Act Numbered Thirty-six hundred and thirty-six, as amended, insofar as they are applicable and not inconsistent with this Act.
The Act took effect upon its approval on August 23, 1956.
The franchise is limited to the Province of Negros Occidental, specifically to a suitable place along the Bago River.