Senator Sherwin Gatchalian lauded President Rodrigo Duterte for signing into law the “Murang Kuryente Act,” which seeks to lower the country’s electricity rates. Gatchalian, chair of the Senate committee on energy, said the newly-signed law would ease the burden of Filipino consumers in paying their electricity bills once the government’s share of the Malampaya fund […]
Tag: Malampaya Fund
The House of Representatives has ratified the bicameral conference report reconciling the disagreeing provisions of House Bill 8869 and Senate Bill 1950, which both seek to reduce electricity rates by allocating the net national government share from the Malampaya Natural Gas Project for the payment of the stranded contract costs and stranded debts of the […]
The House of Representatives has ratified the proposed “Murang Kuryente” Act which seeks to reduce electricity rates by allocating the net government share from the Malampaya fund to clear the huge debts of the National Power Corporation (Napocor) being charged to the monthly electric bill of consumers. Under the consolidated version of House Bill 8869 […]
The congressional bicameral conference committee approved the “Murang Kuryente” bill, which seeks to reduce the country’s electricity rates. Senator Win Gatchalian, chair of the Senate committee on energy and co-author of the bill, said it proposes the use of the P208 billion Malampaya Fund to pay off the stranded contract costs and stranded debt of […]
The Senate has approved on third and final reading a bill authorizing the use of the P207 billion Malampaya Fund to pay off the stranded contract costs and stranded debt of the National Power Corporation (Napocor). With the approval of Senate Bill No. 1950 (SBN 1950) or the Murang Kuryente Act, Senator Win Gatchalian said […]
Senator Win Gatchalian is pushing for the passage of legislation authorizing the use of the ₱207 billion Malampaya Fund to pay off the stranded contract costs and stranded debt of the National Power Corporation (Napocor), which he said would provide consumer savings for Filipino households on their monthly electricity bill. Gatchalian, who chairs the Senate […]