Conversion of Electric Cooperatives Into Stock Cooperatives
Administrative Order No. 112, issued on December 7, 2004, grants the National Electrification Administration (NEA) exclusive authority to oversee the conversion of electric cooperatives into stock cooperatives, as facilitated by the Electric Power Industry Reform Act of 2001 (EPIRA Law). This order aims to enhance the operational and financial viability of rural electric cooperatives in a deregulated electricity market. The NEA is tasked with developing guidelines for member referendums regarding these conversions. Additionally, any conflicting regulations or issuances are repealed or modified accordingly, and the order takes immediate effect.
Quick Answers
- What is Conversion of Electric Cooperatives Into Stock Cooperatives about?
- Administrative Order No. 112, issued on December 7, 2004, grants the National Electrification Administration (NEA) exclusive authority to oversee the conversion of electric cooperatives into stock cooperatives, as facilitated by the Electric Power Industry Reform Act of 2001 (EPIRA Law). This order aims to enhance the operational and financial viability of rural electric cooperatives in a deregulated electricity market. The NEA is tasked with developing guidelines for member referendums regarding these conversions. Additionally, any conflicting regulations or issuances are repealed or modified accordingly, and the order takes immediate effect.
- What type of law is Administrative Order No. 112?
- Conversion of Electric Cooperatives Into Stock Cooperatives (Administrative Order No. 112) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Conversion of Electric Cooperatives Into Stock Cooperatives enacted?
- Conversion of Electric Cooperatives Into Stock Cooperatives (Administrative Order No. 112) was enacted on Dec 7, 2004.
- What is the citation for Conversion of Electric Cooperatives Into Stock Cooperatives?
- Conversion of Electric Cooperatives Into Stock Cooperatives, Administrative Order No. 112, Dec 7, 2004 (Philippines)
Law Information
- Reference Number
- Administrative Order No. 112
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Administrative Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 7, 2004
ADMINISTRATIVE ORDER NO. 112
DIRECTING THE NATIONAL ELECTRIFICATION ADMINISTRATION TO TAKE FULL AND SOLE AUTHORITY AND RESPONSIBILITY IN THE CONVERSION OF ELECTRIC COOPERATIVES INTO STOCK COOPERATIVES
WHEREAS, Republic Act No. 9136, otherwise known as the Electric Power Industry Reform Act of 2001 (hereinafter "EPIRA Law"), passed on 08 June 2001, provides for the promotion of rural electrification; EHCaDS
WHEREAS, Section 57 of the EPIRA Law provides for the conversion of electric cooperatives into either stock cooperatives under the Cooperatives Development Act or stock corporations under the Corporation Code;
WHEREAS, in order to achieve the aforementioned purpose, the National Electrification Administration ("NEA") was given additional mandates to develop and implement specific programs that shall prepare electric cooperatives in operating and competing under the deregulated electricity market within five (5) years from the effectivity of EPIRA Law, strengthen the technical capability and financial viability of rural electric cooperatives, and enhance the viability of rural electric cooperatives as electric utilities;
WHEREAS, to enable the NEA to perform its additional mandates, the Implementing Rules and Regulations of the EPIRA Law, specifically Section 7, paragraph c (i) of Rule 7 thereof, mandates the NEA to promulgate the Guidelines in the Conduct of Referendum of the members of electric cooperatives who intend to convert the same into either stock cooperatives or stock corporations.
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:
SECTION 1. The National Electrification Administration shall have full and sole authority and responsibility in the conversion of electric cooperatives into stock cooperatives.
SECTION 2. All issuances, rules and regulations, or parts thereof that are inconsistent with this Administrative Order are hereby repealed, amended or modified accordingly. IADCES
SECTION 3. This Administrative Order shall take effect immediately.
DONE in the City of Manila, this 7th day of December, in the year of Our Lord, Two Thousand and Four.
Cite This Law
Conversion of Electric Cooperatives Into Stock Cooperatives, Administrative Order No. 112, Dec 7, 2004 (Philippines)
Conversion of Electric Cooperatives Into Stock Cooperatives, Administrative Order No. 112 (Phil. 2004)
Related Laws
- Regulatory and Supervisory Authority of the National Electrification Administration over All Electric CooperativesExecutive Order No. 623 • May 9, 2007 • Presidential Issuances
- Conversion of Tricycle Operators and Drivers Associations into Transport Service CooperativesMemorandum Order No. 116 • Sep 15, 2003 • Presidential Issuances
- Omnibus Rules and Regulations on the Registration of Electric Cooperatives Under Republic Act No. 6938IRR of RA 6938 • Feb 10, 1994 • Implementing Rules and Regulations
- Supplemental Guidelines in the Conduct of Referendum for Electric Cooperatives ConversionNEA Memorandum No. 034-15 • Nov 6, 2015 • Other Rules and Procedures
- Electric Cooperatives Emergency and Resiliency Fund ActRepublic Act No. 11039 • Jun 29, 2018 • Statutes
- Electric Cooperatives Emergency and Resiliency Fund ActIRR of RA 11039 • Dec 14, 2018 • Implementing Rules and Regulations
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