Franchise for electric power in Panabo, Davao

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Republic Act No. 1975: Franchise for electric power in Panabo, Davao

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Title Supreme Court: Franchise for electric power in Panabo, Davao

Law: Republic Act No. 1975

Decision Date: Jun 22, 1957

Republic Act No. 1975 grants a franchise for the establishment and operation of an electric power system in Panabo, Davao, subject to certain conditions and provisions, including the option for the grantees to purchase electricity from the National Power Corporation and the requirement to surrender the franchise if the government wishes to operate the power plant.

electric franchise

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Negotiations and Transactions with National Power Corporation

Should the grantees purchase electric heat and power from the National Power Corporation (NPC), the NPC is authorized to negotiate and transact rates on behalf of public consumers.
This ensures the public interest is considered in rate setting when NPC is involved.

Government's Right to Take Over Plant and Franchise

The government reserves the right to operate and maintain the plant and enterprise itself.
If the government exercises this right, the grantees must surrender their franchise.
All serviceable equipment must be turned over to the government at cost minus reasonable depreciation.

Repeal of Previous Law

Republic Act No. 619 is repealed to the extent that it conflicts with this Act.

Effectivity

The Act takes effect immediately upon its approval on June 22, 1957.

END