AN ACT FURTHER EXTENDING THE TERM OF THE FRANCHISE GRANTED TO CONSUELO D. BORJA NOW PRESENTLY HELD BY ILIGAN LIGHT AND POWER, INC., HER SUCCESSOR-IN-INTEREST, UNDER REPUBLIC ACT NUMBERED SIX THOUSAND THREE HUNDRED NINETY-ONE, ORIGINALLY GRANTED TO CONSUELO D. BORJA UNDER ACT NUMBERED THREE THOUSAND EIGHT HUNDRED TEN FOR A PERIOD OF TWENTY-FIVE (25) YEARS FROM THE DATE OF ITS EXPIRATION, AND FOR OTHER PURPOSES
Year:
1995
Category:
Other
Date Approved:
September 4, 1995
Summary
Plain-language AI-assisted summary — not the official text. As of July 2, 2026. Read the full text below or on the official source.
This Act extends the franchise granted to Consuelo D. Borja, now held by Iligan Light and Power, Inc., for an additional twenty-five years. It ensures that the terms and conditions of the original franchise remain in effect, subject to congressional approval for any transfer or lease of the franchise rights.Full Text
Nineth Congress
Third Regular Session
[ REPUBLIC ACT No. 8148, September 04, 1995 ]
AN ACT FURTHER EXTENDING THE TERM OF THE FRANCHISE GRANTED TO CONSUELO D. BORJA NOW PRESENTLY HELD BY ILIGAN LIGHT AND POWER, INC., HER SUCCESSOR-IN-INTEREST, UNDER REPUBLIC ACT NUMBERED SIX THOUSAND THREE HUNDRED NINETY-ONE, ORIGINALLY GRANTED TO CONSUELO D. BORJA UNDER ACT NUMBERED THREE THOUSAND EIGHT HUNDRED TEN FOR A PERIOD OF TWENTY-FIVE (25) YEARS FROM THE DATE OF ITS EXPIRATION, AND FOR OTHER PURPOSES
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. The term of franchise granted to ConsueloD. Borja, now held by Iligan Light and Power, Inc., as her successor-in-interest, originally granted to Consuelo D. Borja under Act Numbered Three thousand eight hundred ten and extended under Republic Act Numbered Six thousand three hundred ninety-one is hereby extended under the same terms and conditions therein provided, subject to the provisions of the Constitution, for a period of twenty-five (25) years from the date of its expiration.
Section 2. The grantee shall not lease, transfer, grant the usufruct of, sell or assign this franchise nor the rights and privileges acquired thereunder, to any person, firm, company, corporation or other commercial or legal entity, nor merge with any other person, company or corporation organized for the same purpose, without the approval and/or consent of the Congress of the Philippines.
Section 3. This Act shall take effect upon its approval.
Lapsed into law on September 4, 1995 without the President's signature, pursuant to Sec. 27(1), Article VI of the Constitution.
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