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Prior to the effectivity of the Electric Power Industry Reform Act (EPIRA) law or Republic Act No. 9136 on March 1, 2003 two years after its June 8, 2001 approval by President Gloria Macapagal Arroyo which deregulated the power industry and turned over the operations, maintenance, and ownership of the Philippine power grid from NAPOCOR/NPC to ...
This is pursuant to Section 30 of Republic Act No. 9136, otherwise known as the Electric Power Industry Reform Act of 2001 (EPIRA). [3] The establishment of an IMO was further reiterated in the Implementing Rules and Regulations of the EPIRA Rule 9, Section 6(a). [4]
Due to the implementation of Electric Power Industry Reform Act (EPIRA) or Republic Act 9136 one year and nine months earlier on June 8, 2001 signed by President Gloria Macapagal Arroyo which resulted in the creation of another government-owned corporation National Transmission Corporation (TransCo) 18 days after the law was approved on June 26 ...
Its function is to regulate and maintain power service in the country. It was established and created on June 8, 2001, following the enactment of Republic Act No. 9136, or the Electric Power Industry Reform Act of 2001 (EPIRA). [1] [2]
Unlike outright sale, the concession agreement allowed the Philippine government to keep ownership of the transmission assets through TransCo, in accordance with Section 8 of Electric Power Industry Reform Act (EPIRA) or Republic Act 9136 which states that no person, company, or entity other than TransCo who shall own any transmission assets ...
The National Transmission Corporation (Filipino: Pambansang Korporasyon sa Transmisyon, also known as TransCo) is a Philippine government-owned and controlled corporation established in June 26, 2001 by the Electric Power Industry Reform Act (Republic Act 9136) and a corporate entity wholly owned by the Power Sector Assets and Liabilities Management (PSALM).
These are the Electric Power Industry Reform Act of 2001 (RA 9136); the Biofuel Act of 2006 (RA 9367); the Renewable Energy Act of 2008 (RA 9513); and the Climate Change Act of 2009 (RA 9729). The Electric Power Industry Reform Act (2001) (EPIRA) promotes the use of renewable energy particularly through private sector investment. [7]
[1] [9] Commonwealth Act No. 120 of 1936 created the National Power Corporation, [10] and was amended several times through to 1967. [1] [11] A subsequent law, Republic Act 9513, known as the Renewable Energy Law, which encourages the development and use of non-traditional energy sources, has since come in being. [12]