FURTHER AMENDING REPUBLIC ACT NUMBERED SIXTY-THREE HUNDRED NINETY-FIVE, ENTITLED “AN ACT REVISING THE CHARTER OF THE NATIONAL POWER CORPORATION,” AS AMENDED

I, FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines, and
pursuant to Proclamation No. 1081, dated September 21, 1972, and General
Order No. 1, dated September 22, 1972, as amended, do hereby further
amend Republic Act No. 6395, as amended, particularly Section l (g), to
read as follows:

“(g) To construct, operate and maintain power plants, auxiliary
plants, dams, reservoirs, pipes, mains, transmission lines, power
stations and substations, and other works for the purpose of developing
hydraulic power from any river, creek, lake, spring and waterfall in the
Philippines and supplying such power to the inhabitants thereof; to
acquire, construct, install, maintain, operate, and improve gas, oil or
steam engines, and/or other prime movers, generators and machinery in
plants and/or auxiliary plants for the production of electric power; to
establish, develop, operate, maintain and administer power and lighting
system for the transmission and utilization of its power generation; to
sell electric power in bulk to (1) industrial enterprises, (2) city,
municipal or provincial systems and other government institutions, (3)
electric cooperatives, (4) franchise holders, and (5) real estate
subdivisions: Provided, That the sale of power in bulk to
industrial enterprises and real estate subdivisions may be undertaken by
the Corporation when the power requirement of such enterprises or real
estate subdivisions is not less than 100 kilowatts: Provided, further,
That no restriction shall apply to sale of power in bulk to enterprises
registered with the Board of Investments: Provided, finally,
That the Corporation shall continue to sell electricity to industrial
enterprises under existing contracts, and provide for the collection of
charges for any service rendered.”

Done in the City of Manila, this 26th day of February, in the year
of Our Lord, nineteen hundred and seventy-four.