
NEPC franchise passes Senate debate period
The Senate tackled House Bill No. 9805 that aims to grant the Negros Electric and Power Corp. (NEPC) a franchise to take over the power distribution system in Bacolod, Silay, Talisay and Bago cities and the municipalities of Murcia and Don Salvador Benedicto from Central Negros Electric Cooperative (CENECO), on Wednesday, April 8. Senator Grace Poe, who sponsored the bill, underscored the significant impact of the proposed franchise, emphasizing a projected P2.1 billion initial investment in Capital expenditures (CapEx) by Negros Power over the next five years, a press released from NEPC said. She also highlighted the economic growth potential in the covered areas, affirming that consumers can expect stable rates and Negros Power's commitment to efficient operation and affor...