Amendment of Franchise for Negros Electric Power

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Republic Act No. 4599: Amendment of Franchise for Negros Electric Power

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Title Source: Supreme Court: Amendment of Franchise for Negros Electric Power

Law: Republic Act No. 4599

Decision Date: Jun 19, 1965

An amendment to Republic Act No. 4599 grants a franchise to the Negros Electric Power Corporation to develop and operate a hydroelectric power plant in Negros Occidental, allowing them to generate and distribute electricity within the province for a period of 25 years.

Law Summary

Scope of Operations and Purpose

NEPC is authorized not only to generate but also to distribute electric light, heat, and power.
The electric power generated is intended for sale within Negros Occidental.

Construction and Operational Requirements

A new Section One-A is inserted, requiring the grantee to complete the construction of the authorized hydroelectric power plant and/or thermal units within five years from the approval of the amendment.

Pricing and Regulation

NEPC is authorized to charge and collect rates for the use of electric current.
Such rates must follow a schedule that remains subject to regulation and approval by the Public Service Commission at all times.

Effectivity

The Act becomes effective immediately upon its approval on June 19, 1965.

END