Franchise for Electric Service in Camarines Sur

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Republic Act No. 4556: Franchise for Electric Service in Camarines Sur

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Title Source: Supreme Court: Franchise for Electric Service in Camarines Sur

Law: Republic Act No. 4556

Decision Date: Jun 19, 1965

Louber Enterprises, Inc. is granted a 25-year franchise to install and operate an electric light, heat, and power system in San Fernando, Pamplona, and Cabusao, Camarines Sur, with the authority to charge regulated rates and pay a franchise tax on gross earnings.

Compliance with Existing Laws and the Constitution

The franchise operation is subject to compliance with the terms and conditions in Act No. 3636 (as amended by Commonwealth Act Nos. 132 and 146).
The franchise and its exercise must also conform with the provisions of the Philippine Constitution.

Purchasing Power from National Power Corporation

The grantee is permitted to purchase electric light, heat, and power from the National Power Corporation (NPC).
In such cases, the NPC is authorized to negotiate and transact on behalf of the public consumers regarding the rates applicable to such supplies.

Franchise Tax Obligations

Louber Enterprises, Inc. shall pay a franchise tax equivalent to five percent (5%) of its gross earnings under the franchise.
Of this amount, three percent (3%) accrues to the National Government.
Two percent (2%) of the franchise tax shall be allocated to the municipality where the franchise operates.

Effective Date

The provisions and rights granted under this Act take effect immediately upon its approval on June 19, 1965.

END