PROVINCIAL RESOLUTION NO. 2002-607

Title

RESOLUTION STRONGLY SUPPORTING RESOLUTION NO. 42, SERIES OF 2002 OF THE SANGGUNIANG PANLALAWIGAN OF ABRA ENTITLED, "RESOLUTION EARNESTLY REQUESTING HER EXCELLENCY GLORIA MACAPAGAL-ARROYO AND HON. VINCENT S. PEREZ, JR., SECRETARY, DEPARTMENT OF ENERGY TO IMMEDIATELY ORDER THE NATIONAL ELECTRIFICATION ADMINISTRATION (NEA) TO CEASE AND DESIST FROM COLLECTING AMORTIZATION OF RURAL ELECTRIC COOPERATIVES' LOANS AND TO CAUSE THE IMMEDIATE IMPLEMENTATION OF SECTION 60 OF REPUBLIC ACT (R.A.) 9136 OR THE ELECTRIC POWER REFORM ACT OF 2002 THAT THE PSALM CORPORATIN SHALL ASSUME ALL THE DEBTS OF ELECTRIC COOPERATIVES WITH NEA, IN ORDER TO REDUCE THE ELECTRIC RATES FOR THEIR MEMBER-CONSUMERS"

Approved: July 29, 2002

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