Republic Acts1 min read
Section 28Sec./Art. 28
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Cross-Ownership. - An entity may hold an interest in the ownership of upstream and downstream natural gas facilities, as well as the supply and aggregation of natural gas to gas buyers subject to legal prohibitions on anti-competitive acts. Such ownership shall be allowed for operational and financial feasibility considerations, subject to the powers and responsibilities of the PCC under Section 14 of this Act. The PCC shall review compliance with Republic Act No. 10667, specifically to prevent substantial lessening of competition, while the DOE shall review the impact on energy security, the cost of electricity, market-stability, and any other matters concerning the PEP.
The DOE shall apply relevant laws and regulations to ensure that public interest is protected.
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