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(Eagle News)—A bill that reduces electricity rates has been approved by the bicameral conference committee. The Murang Kuryente Act seeks to tap the Malampaya Fund to pay the debts incurred by the National Power Corporation and the Power Sector Assets and Liabilities Management Corporation, thereby reducing universal charges. The Senate version had sought to allot the government’s share from the Malampaya fund to a special trust fund to be administered by PSALM, which will be included […]
(Eagle News) — The Senate has passed on second reading the Murang Kuryente bill. Under Senate Bill No. 1950, electricity rates are reduced by allowing the use of the net national government share from the Malampaya natural gas project for the payment of the stranded contract costs and stranded debts of the National Power Corporation. The net national government share shall be remitted to a special trust fund to be administered by the Power Sector Assets […]
