AN ACT EXTENDING THE FRANCHISES OF THE BICOL ELECTRIC COMPANY, INC., FOR ANOTHER TWENTY-FIVE YEARS.

AN ACT EXTENDING AND CONSOLIDATING THE TERMS OF THE FRANCHISES GRANTED BY THE PHILIPPINE LEGISLATURE AND THE MUNICIPAL COUNCILS OF CAMALIGAN, CANAMAN, MAGARAO, BONBON, AND CALABANGA IN THE PROVINCE OF CAMARINES SUR; OF LIGAO, OAS, AND GUINOBATAN IN THE PROVINCE OF ALBAY; AND OF GUBAT IN THE PROVINCE OF SORSOGON, TO THE BICOL ELECTRIC COMPANY TO INSTALL, OPERATE AND MAINTAIN ELECTRIC LIGHT, HEAT, AND POWER SYSTEMS IN THE CITY OF NAGA AND IN THE MUNICIPALITIES HEREINABOVE NAMED.