Section 18December 9, 1992, Sec./Art. 18

Rationalization or Transfer of Functions of Attached or Related Agencies. – The non-price regulatory jurisdiction, power and functions of the Energy Regulatory Board as provided for in Section 3 of Executive Order No. 172 are hereby transferred to the Department.

The foregoing transfer of power and functions shall include all applicable funds and appropriations, equipment, property, and such personnel as may be necessary: Provided, That only each amount of funds and appropriations of the Board as well as only the personnel thereof which are completely or primarily involved in the exercise by said board of its non-price regulatory powers and functions shall be affected by such transfer.

The power of the NPC to determine, fix and prescribe the rates being charged to its customers under Section 4 of Republic Act No. 6395, as amended, as well as the power of electric cooperatives to fix rates under Section 16 (o), Chapter II of Presidential Decree No. 269, as amended, are hereby transferred to the Energy Regulatory Board. The Board shall exercise its new powers only after due notice and hearing and under the same nature provided for under Executive Order No. 172.