Congress of the Philippines Eleventh Congress Third Regular Session REPUBLIC ACT NO AN ACT ORDAINING REFORMS IN THE ELECTRIC POWER. RA The Electric Power Industry Reform Act of AN ACT ORDAINING REFORMS IN Click photo for full PDF Report. EPIRA Pager. Home; Resources; Position Papers; RA – Amending the Electric Power Supply Industry Reform Act of (EPIRA).
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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 epiar equivalent epiea 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 epirs 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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Shortcut for search page. Press esc, or click the close the button to close this dialog box. Today This Week This Month Thursday, 11 October Napocor inaugurates first mini epiga 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.