Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc.
Republic Act No. 4556, approved on June 19, 1965, grants Louber Enterprises, Inc. a 25-year franchise to install, maintain, and operate an electric light, heat, and power system in the municipalities of San Fernando, Pampanga, Pamplona, and Cabusao, as well as other unserved areas in Camarines Sur. The company is authorized to charge for services, with rates regulated by the Public Service Commission. Additionally, if the company purchases power from the National Power Corporation, it can negotiate rates on behalf of consumers. A franchise tax of 5% on gross earnings is required, with distributions to the National Government and local municipalities. The Act took effect upon its approval.
Quick Answers
- What is Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc. about?
- Republic Act No. 4556, approved on June 19, 1965, grants Louber Enterprises, Inc. a 25-year franchise to install, maintain, and operate an electric light, heat, and power system in the municipalities of San Fernando, Pampanga, Pamplona, and Cabusao, as well as other unserved areas in Camarines Sur. The company is authorized to charge for services, with rates regulated by the Public Service Commission. Additionally, if the company purchases power from the National Power Corporation, it can negotiate rates on behalf of consumers. A franchise tax of 5% on gross earnings is required, with distributions to the National Government and local municipalities. The Act took effect upon its approval.
- What type of law is Republic Act No. 4556?
- Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc. (Republic Act No. 4556) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc. enacted?
- Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc. (Republic Act No. 4556) was enacted on Jun 19, 1965.
- What is the citation for Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc.?
- Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc., Republic Act No. 4556, Jun 19, 1965 (Philippines)
Law Information
- Reference Number
- Republic Act No. 4556
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 19, 1965
REPUBLIC ACT NO. 4556
AN ACT GRANTING LOUBER ENTERPRISES, INC., A FRANCHISE TO INSTALL, MAINTAIN AND OPERATE AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITIES OF SAN FERNANDO, PAMPLONA, AND CABUSAO, AND SUCH OTHER MUNICIPALITIES NOT PRESENTLY BEING SERVED IN THE PROVINCE OF CAMARINES SUR, AND TO SELL AND DISTRIBUTE LIGHT, HEAT AND/OR POWER THEREIN
SECTION 1. Subject to the terms and conditions established in this Act and in Act Numbered Thirty-six hundred and thirty-six, as amended by Commonwealth Act Numbered One hundred and thirty-two; Commonwealth Act Numbered One hundred and forty-six, as amended, and to the provisions of the Constitution, there is granted to Louber Enterprises, Inc., for a period of twenty-five years from the approval of this Act, the right, privilege and authority to install, maintain and operate an electric light, heat and/or power system for the purpose of generating and distributing electric light, heat, and/or power, in the municipalities of San Fernando, Pampanga, Pamplona, and Cabusao, and such other municipalities not presently being served in the Province of Camarines Sur and to charge and collect a schedule of prices and rates for the electricity so furnished, which schedule shall be subject to regulation by the Public Service Commission.
SECTION 2. In the event that the grantee shall purchase and secure electric light, heat and power from the National Power Corporation the latter is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.
SECTION 3. In consideration of the franchise and rights hereby granted, the grantee shall pay a franchise tax equal to five per centum of the gross earnings under this franchise, three per centum of which shall accrue to the National Government and two per centum to the municipality where the franchise is being operated.
SECTION 5. n This Act shall take effect upon its approval.
Approved: June 19, 1965
Published in the Official Gazette, Vol. 62, No. 52, p. 9783 on December 26, 1966
n Note from the Publisher: Section 4 not found in the official document.
Cite This Law
Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc., Republic Act No. 4556, Jun 19, 1965 (Philippines)
Grant of Electric Light, Heat and Power System Franchise to Louber Enterprises, Inc., Republic Act No. 4556 (Phil. 1965)
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