Republic Act No. 4013

REPUBLIC ACT No. 4013

AN ACT GRANTING THE DAGUPAN ELECTRIC CORPORATION A FRANCHISE TO INSTALL, MAINTAIN AND OPERATE AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITIES OF STA. BARBARA, SAN JACINTO AND SAN FABIAN, ALL IN THE PROVINCE OF PANGASINAN.

Section 1. Subject to the terms and conditions established in Act and Numbered Thirty-six hundred and thirty-six, as amended by Commonwealth Act Numbered One hundred and thirty-two, and to the provisions of the Constitution, there is granted to the Dagupan Electric Corporation, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to install, maintain and operate an electric light, heat and power system for the purpose of generating and distributing electric light, heat and/or power for sale within the municipalities of Sta. Barbara, San Jacinto and San Fabian, all in the Province of Pangasinan.

Section 2. In the event that the grantee shall purchase and secure energy and power from the National Power Corporation, the latter is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.

Section 3. It is expressly provided that in the event the Government should desire to maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender its franchise and will turn over to the Government all serviceable therein at cost, less reasonable depreciation.

Section 4. This Act shall take effect upon its approval.

Approved: June 18, 1964