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Chapters and Sections Flashcards

(90 cards)

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1
Q

TITLE AND DECLARATION OF POLICY

A

CHAPTER I

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2
Q

Short Title

A

SECTION 1

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3
Q

Declaration of Policy

A

SECTION 2

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4
Q

Scope

A

SECTION 3

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5
Q

Definition of Terms

A

SECTION 4

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6
Q

ORGANIZATION AND OPERATION OF THE ELECTRIC POWER INDUSTRY

A

CHAPTER II

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7
Q

Organization. The electric power industry shall be divided into four (4) sectors, namely:
generation, transmission, distribution and supply.

A

SECTION 5

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8
Q

Generation Sector. Generation of electric power, a business affected with public
interest, shall be competitive and open.

A

SECTION 6

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9
Q

Transmission Sector. The transmission of electric power shall be regulated common
electricity carries business, subject to the ratemaking powers of the ERC.

A

SECTION 7

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10
Q

Creation of the National Transmission Company

A

SECTION 8

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11
Q

Functions and Responsibilities. – Upon the effectivity of this Act, the TRANSCO shall
have the following functions and responsibilities:

A

SECTION 9

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12
Q

Corporate Powers of the TANSCO. – As a corporate entity, TRANSCO shall have the
following corporate powers

A

SECTION 10

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13
Q

TRANSCO Board of Directors

A

SECTION 11

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14
Q

Powers and Duties of the Board. – The following are the powers of the Board

A

SECTION 12

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15
Q

Board Meetings. – The Board shall meet as often as may be necessary upon the call of
the Chairman of the Board or by a majority of the Board members

A

SECTION 13

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16
Q

Board Per Diems and Allowances.

A

SECTION 14

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17
Q

Quorum

A

SECTION 15

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18
Q

Powers of the President of TRANSCO. – The President of TRANSCO shall be appointed
by the President of the Philippines. In the absence of the Chairman, the President shall preside over board
meetings.

A

SECTION 16

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19
Q

Exemption from the Salary Standardization Law. – The salaries and benefits of
employees in the TRANSCO shall be exempt from Republic Act. No. 6758 and shall be fixed by the
TRANSCO Board

A

SECTION 17

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20
Q

Profits. – The net profit, if any, of TRANSCO shall be remitted to the PSALM Corp. not
later than ninety (90) days after the immediately preceding quarter.

A

SECTION 18

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21
Q

Transmission Charges

A

SECTION 19

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22
Q

TRANSCO Related Businesses

A

SECTION 20

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23
Q

TRANSCO Privatization

A

SECTION 21

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24
Q

Distribution Sector

A

SECTION 22

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25
Functions of Distribution Utilities
SECTION 23
26
Distribution Wheeling Charge. – The distribution wheeling charges of distribution utilities shall be filed with and approved by the ERC pursuant to Paragraph (f) of Section 43 hereof
SECTION 24
27
Retail Rate
SECTION 25
28
Distribution Related Businesses.
SECTION 26
29
Franchising Power in the Electric Power Sector
SECTION 27
30
De-Monopolization and Shareholding Dispersal
SECTION 28
31
Supply Sector
SECTION 29
32
Wholesale Electricity Spot Market
SECTION 30
33
Retail Competition and Open Access
SECTION 31
34
NPC Stranded Debt and Contract Cost Recovery
SECTION 32
35
Distribution Utilities Stranded Contract Costs Recovery
SECTION 33
36
Universal Charge
SECTION 34
37
Royalties, Returns and Tax Rates for Indigenous Energy Resources
SECTION 35
38
Unbundling of Rates and Functions
SECTION 36
39
ROLE OF THE DEPARTMENT OF ENERGY
CHAPTER III
40
Powers and Functions of the DOE
SECTION 37
41
REGULATION OF THE ELECTRIC POWER INDUSTRY
CHAPTER IV
42
Creation of the Energy Regulatory Commission
SECTION 38
43
Compensation and Other Emoluments for ERC Personnel
SECTION 39
44
Enhancement of Technical Competence
SECTION 40
45
Promotion of Consumer Interests.
SECTION 41
46
Budget of the ERC
SECTION 42
47
Functions of the ERC
SECTION 43
48
Transfer of Powers and Functions
SECTION 44
49
Cross Ownership, Market Power Abuse and Anti-Competitive Behavior
SECTION 45
50
Fines and Penalties
SECTION 46
51
PRIVATIZATION OF THE ASSETS OF THE NATIONAL POWER CORPORATION
CHAPTER V
52
52
National Power Board of Directors
SECTION 48
53
POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT
CHAPTER VI
54
Creation of Power Sector Assets and Liabilities Management Corporation
SECTION 49
55
Purpose and Objective, Domicile and Term of Existence
SECTION 50
56
Powers
SECTION 51
57
Power Sector Assets and Liabilities Management Corporation, Meetings, Quorum and Voting
SECTION 52
58
Powers of the President of PSALM Corp
SECTION 53
59
Exemption from the Salary Standardization Law
SECTION 54
60
Property of the PSALM Corp
SECTION 55
61
Claims Against the PSALM Corp
SECTION 56
62
PROMOTION OF RURAL ELECTRIFICATION
CHAPTER VII
63
Conversion of Electric Cooperatives
SECTION 57
64
Additional Mandate of the National Electrification Administration (NEA)
SECTION 58
65
Alternative Electric Service for Isolated Villages
SECTION 59
66
Debts of Electric Cooperatives
SECTION 60
67
GENERAL PROVISIONS
CHAPTER VIII
68
Reportorial Requirements
SECTION 61
69
Joint Congressional Power Commission
SECTION 62
70
Separation Benefits of Officials and Employees of Affected Agencies.
SECTION 63
71
Fiscal Prudence
SECTION 64
72
Environmental Protection
SECTION 65
73
Benefits to Host Communities
SECTION 66
74
NPC Offer of Transition Supply Contracts
SECTION 67
75
Review of IPP Contracts
SECTION 68
76
Renegotiation of Power Purchase and Energy Conversion Agreements between Government Entities.
SECTION 69
77
Missionary Electrification
SECTION 70
78
Electric Power Crisis Provision
SECTION 71
79
Mandated Rate Reduction
SECTION 72
80
Lifeline Rate
SECTION 73
81
Cross Subsidies
SECTION 74
82
FINAL PROVISIONS
CHAPTER IX
83
Statutory Construction
SECTION 75
84
Education and Protection of End Users
SECTION 76
85
Implementing Rules and Regulations.
SECTION 77
86
Injunction and Restraining Order
SECTION 78
87
Separability Clause
SECTION 79
88
Applicability and Repealing Clause
SECTION 80
89

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