Republic Act No. An Act Ordaining Reforms in the Electric Power Industry, Amending for the purpose certain laws and for other purposes. Republic Act No AN ACTORDAINING REFORMS IN THE in accordance with law andrevoke, review and modify such certificates,licenses or the electric In pursuance thereof, Section 5of RA otherwise known as “The .. Reforming the Philippine Electric Power Industry Reform Act (EPIRA). RA The Electric Power Industry Reform Act of AN ACT REFORMS IN THE ELECTRIC POWER INDUSTRY, AMENDING FOR THE PURPOSE CERTAIN LAWS AND FOR OTHER PURPOSES. EPIRA Pager.
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RA : The Electric Power Industry Reform Act of ‹ Naujan
InNPC was converted into a stock corporation wholly owned by the government under Republic Act Inits charter was revised by virtue of Republic Actas amended. NPC was granted an authorized capital stock of P 50 billion corresponding to million shares of stock at P par value, of which , shares were issued equivalent to P The major aspects of the reforms include the 1 restructuring of the entire power industry to introduce competition in the generation sector, 2 change from government to private ownership, and 3 introduction of a stable regulatory framework for the electricity sector.
The EPIRA organized the industry into four 4 sectors, generation, transmission, distribution and supply. PSALM was created to take ownership of all existing generation assets, independent power producers IPP contracts, real estate and all other disposable assets, and to assume all liabilities and obligations of NPC.
On the other hand, TransCo was created to take over the electric transmission function of NPC and the responsibility for planning construction and centralized operation and maintenance of high voltage transmission facilities including grid interconnections and ancillary services.
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Today This Week This Month Thursday, 11 October Napocor inaugurates first mini grid in Palawan Friday, 21 September Napocor restores power to Typhoon Ompong affected islands and off-grid areas Thursday, 06 September Napocor remits dividends to the national coffers Thursday, 30 August Napocor terminates water spilling operations at San Roque dam.