Electric Cooperative Restructuring Program

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EXECUTIVE ORDER NO. 119: Electric Cooperative Restructuring Program

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Title Source: Supreme Court: Electric Cooperative Restructuring Program

Law: Executive Order No. 119

Decision Date: Aug 28, 2002

Executive Order No. 119 outlines a restructuring program for electric cooperatives in the Philippines, with the Power Sector Assets and Liabilities Management Corporation assuming outstanding loans to reduce financial burdens and ensure the long-term sustainability of the cooperatives, while emphasizing transparency, affordability, and reliability in the supply of electric power.

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