Republic Acts1 min read
Section 58Sec./Art. 58
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Additional Mandate of the National Electrification Administration (NEA). NEA shall develop and implement programs:
(a) To prepare electric cooperatives in operating and competing under the deregulated electric market within five (5) years from the effectivity of this Act, specifically in an environment of open access and retail wheeling;
(b) To strengthen the technical capability and financial viability of rural electric cooperatives; and
(c) To review and upgrade regulatory policies with a view to enhancing the viability of rural electric cooperatives as electric utilities.
NEA shall continue to be under the supervision of the DOE and shall exercise its functions under Presidential Decree No. 269, as amended by Presidential Decree No. 1645 insofar as they are consistent with this Act.
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