Tags / Debt Condonation
Debt Condonation
Measures (2)
HBN-8087bill · in_committee
GRANTING THE CONDONATION TO THE BASILAN ELECTRIC COOPERATIVE, INC.
This bill condones the unpaid interests, penalties, and surcharges on the overdue obligations of the Basilan Electric Cooperative, Inc. (BASELCO) to the National Power Corporation (NPC), amounting to ₱2.605 billion, and establishes a one-time restructuring program for BASELCO's principal obligations.
SBN-784bill · in_committee
CONDONATION OF UNPAID OBLIGATIONS ON THE POWER CONSUMPTION
This bill aims to condone the unpaid obligations of the Public Utilities Department of Olongapo City to the Power Sector Assets and Liabilities Management Corporation, which currently amount to approximately ₱7.68 billion.