The proposal would wipe out all accrued interest, surcharges, penalties and universal charges on the power‑bill debts of LASURECO and MAGELCO dating from 2009, and would apply the amounts they have already paid toward their principal balances.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB03911. Status changes over time; check the link for the latest.
HB03911 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.