Republic Act No. 3182

The Act grants Juan Siquian a franchise to establish an electric light, heat, and power system in Angadanan, Isabela, for a duration of fifty years.

Legal Principle: Authorization to construct, operate, and maintain an electric system.
Key Definitions:
- Franchise: A legal right granted to operate a public utility.
- Electric light, heat, and power system: Infrastructure and services for generating and distributing electricity.
Requirements: Must comply with Act No. 3636 and Commonwealth Act No. 132.
Timeframe: The franchise is valid for fifty years from the approval of the Act.

Outlines the conditions under which the grantee may purchase electric power from the National Power Corporation (NPC).

Legal Principle: NPC is authorized to negotiate rates for the benefit of public consumers.
Requirements: The grantee must secure electric heat and power from NPC.
Consequences: NPC's involvement is aimed at ensuring fair consumer rates.

Specifies the conditions under which the government can take over the franchise.

Legal Principle: Government may opt to operate the system and enterprise.
Requirements: Grantee must surrender franchise and transfer serviceable equipment to the government.
Valuation: Transfer of equipment must occur at cost, minus reasonable depreciation.
Consequences: If the government exercises this right, the grantee loses the franchise.

Details the commencement of the Act.

Juan Siquian is granted a fifty-year franchise to operate an electric system in Angadanan, Isabela.
The franchise is subject to specific provisions of existing laws and regulations.
The National Power Corporation is involved in rate negotiations to protect consumer interests.
The government retains the right to acquire the franchise and associated equipment, with conditions regarding valuation.
The Act is effective immediately following its approval.