House Deputy Minority Leader France Castro of ACT Teachers party-list, House Assistant Minority Leader Arlene Brosas of Gabriela party-list and Kabataan party-list made the proposal under House Bill 8079, saying the said prohibition will address a loophole in the 20-year old Electric Power Industry Reform Act which allows such “cross ownership” of power distribution firms that also own power generation companies.
"Given that the generation cost of electricity is passed on by the distribution utility to the consumers, the higher the generation price, the higher the rates the consumers will pay,” the lawmakers added in their explanatory note.
Source: News Formal (newsformal.com)
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