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MANILA, Philippines --- The House energy panel approved on Tuesday the «Murang Kuryente» bill, which seeks to source P123 billion from the Malampaya fund to pay the debts of the National Power Corporation (NPC) thHouse panel OKs ‘Murang Kuryente’ bill
MANILA, Philippines --- The House energy panel approved on Tuesday the «Murang Kuryente» bill, which seeks to source P123 billion from the Malampaya fund to pay the debts of the National Power Corporation (NPC) that is now being charged to consumers' monthly electricity bill. The Power Sector Assets and Liabilities Management (Psalm) Corporation is the government corporation created through Section 49 of Republic no. 9136 or the Electric Power Industry Reform Act (Epira) inherited all of NPC's obligations and stranded contract costs. Section 4 of the still unnumbered substitute bill states that a portion from all the proceeds of the net national go...Keep on reading: House panel OKs ‘Murang Kuryente’ bill Read more