AN ACT TO AMEND SECTION FOUR OF COMMONWEALTH ACT NUMBERED ONE HUNDRED AND TWENTY.

REDUCTION AND CONDONATION OF REAL PROPERTY TAXES AND INTEREST/PENALTIES ASSESSED ON THE POWER GENERATION FACILITIES OF INDEPENDENT POWER PRODUCERS UNDER BUILD-OPERATE-TRANSFER CONTRACTS WITH GOVERNMENT-OWNED OR CONTROLLED CORPORATIONS IN THE PROVINCE OF QUEZON

FIXING THE RATE OF RETURN ON RATE BASE OF THE NATIONAL POWER CORPORATION AT TWELVE PERCENT OF THE RATE BASE AS DEFINED IN SECTION 4 OF REPUBLIC ACT NO. 6395, AS AMENDED

AMENDING PRESIDENTIAL DECREE NO. 40 AND ALLOWING THE PRIVATE SECTOR TO GENERATE ELECTRICITY

VESTING ON THE NATIONAL POWER CORPORATION THE COMPLETE JURISDICTION, CONTROL AND REGULATION OVER WATERSHED AREAS AND RESERVATIONS SURROUNDING ITS POWER GENERATING PLANTS AND PROPERTIES OF SAID CORPORATION.

ESTABLISHING AND DELINEATING THE RESPONSIBILITIES OF THE NATIONAL POWER CORPORATION AND THE DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES OVER WATERSHEDS AND RESERVATIONS UNDER THE FORMER’S JURISDICTION AND CONTROL, AND RESTORING TO THE NATIONAL POWER CORPORATION JURISDICTION AND CONTROL OVER THE ANGAT WATERSHED RESERVATION

AUTHORIZING THE NATIONAL POWER CORPORATION TO ENTER INTO NEGOTIATED CONTRACTS FOR THE COAL SUPPLY REQUIREMENTS OF ITS POWER STATIONS AS WELL AS THOSE OF ITS INDEPENDENT POWER PRODUCERS, AND FOR OTHER PURPOSES

AUTHORIZING AND APPROVING THE DIRECT ASSUMPTION BY THE NATIONAL GOVERNMENT OF A PORTION OF THE FINANCIAL OBLIGATIONS OF THE NATIONAL POWER CORPORATION IN ACCORDANCE WITH SECTION 32 OF REPUBLIC ACT NO. 9136, OTHERWISE KNOWN AS THE “ELECTRIC POWER INDUSTRY REFORM ACT OF 2001”

PROVIDING FOR THE SEGREGATION AND UNBUNDLING OF ELECTRICAL POWER TARIFF COMPONENTS OF THE NATIONAL POWER CORPORATION AND THE FRANCHISED ELECTRIC UTILITIES

AN ACT CONDONING THE INTEREST ON THE PAID PRINCIPAL ACCOUNT OF FUEL COMPENSATING CHARGE/INCREMENTAL COST CHARGE (FCC/ICC) OF THE ZAMBOANGA DEL NORTE ELECTRIC COOPERATIVE, INC. (ZANECO) PAYABLE AND DUE TO THE NATIONAL POWER CORPORATION (NPC)

AN ACT TO AMEND SECTIONS ONE AND FIVE OF REPUBLIC ACT NUMBERED THREE HUNDRED AND FIFTY-SEVEN AS AMENDED BY REPUBLIC ACT NUMBERED EIGHT HUNDRED THIRTEEN BY INCREASING TO ONE HUNDRED MILLION DOLLARS THE AMOUNT OF LOANS WHICH THE NATIONAL POWER CORPORATION MAY CONTRACT FROM THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, THE EXPORT-IMPORT BANK OF WASHINGTON D.C., U.S.A., OR ANY OTHER INTERNATIONAL FINANCIAL INSTITUTION.

AN ACT PROVIDING FOR THE PAYMENT IN PART OF THE SUBSCRIPTION OF THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES TO THE CAPITAL STOCK OF THE NATIONAL POWER CORPORATION OUT OF THE OIL PRICE STABILIZATION FUND, AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 1956, AS AMENDED

AN ACT TO AMEND THE TITLE AND SECTIONS ONE, TWO, THREE AND FOUR OF REPUBLIC ACT NUMBERED THREE HUNDRED AND FIFTY-SEVEN, ENTITLED "AN ACT TO AUTHORIZE THE NATIONAL POWER CORPORATION TO CONTRACT LOANS FROM TIME TO TIME FROM THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO NEGOTIATE AND CONTRACT THE SAME FOR AND ON BEHALF OF THE NATIONAL POWER CORPORATION AND TO GUARANTEE THE SAME FOR AND ON BEHALF OF THE REPUBLIC OF THEPHILIPPINES, AND FOR OTHER PURPOSES".