Marcos vetoes bill expanding the franchise area of Aboitiz-owned power firm

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Contractors of Davao Light and Power Company fix a powerline in Davao City. MindaNews file photo DAVAO CITY (MindaNews / 28 July) – President Ferdinand “Bongbong” Marcos Jr. vetoed Wednesday House …

Contractors of Davao Light and Power Company fix a powerline in Davao City. MindaNews file photo

“I am constrained to veto the bill due to the susceptibility of the proposed expansion of the franchise area of Davao Light and Power Company, Inc., to legal and/or constitutional challenge due to the apparent overlap and possible infringement into the subsisting franchise, permits, and contracts previously granted to North Davao Electric Cooperative Inc.,” he said.

“As acknowledged by the bill, Nordeco Inc. has ‘existing power supply agreements with generation companies that are provisionally or finally approved by the Energy Regulatory Commission’ that will necessarily be terminated or impaired upon the resulting repeal of North Davao electric cooperative Inc.’s franchise over the expanded area,” he said.

 

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