Se­nate sets dis­as­ter fund for elec­tric coops

Manila Bulletin - - Business -

Given the af­flic­tion of re­cur­rent strike of nat­u­ral calami­ties, the Se­nate com­mit­tee on en­ergy gets into mo­tion the al­lo­ca­tion of R750 mil­lion as “dis­as­ter fund” to aid elec­tric co­op­er­a­tives (ECs) in their dis­as­ter-in­duced rehabilitation needs. Fi­nan­cially-chal­lenged ECs are of­ten at the dis­ad­van­tage when their facilities or net­works suf­fer from dam­age dur­ing the on­slaught of ty­phoons and other ex­treme weather events. Se­nate Com­mit­tee on En­ergy Chair­man Sher­win T. Gatchalian’s ini­tial an­swer to this dilemma is his Se­nate Bill 1253, or the pro­posed Elec­tric Co­op­er­a­tives Dis­as­ter Man­age­ment Fund Act. (MMV)

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