HB 7479: An Act Providing for the Condonation of Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. and the Maguindanao Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation

In plain language

The bill forgives all interest, surcharges and penalties owed by two electric cooperatives to PSALM, lets PSALM set up a one‑time restructuring of their principal debt, and requires the cooperatives to submit improvement plans while PSALM and the NEA issue rules within 60 days.

EnergyPublic Works and Infrastructure

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 7291· Filed Jan 26, 2026
An Act Providing for the Condonation of Unpaid Interests, Penalties, and Surcharges and Establishing a Special Debt Restructuring Program for All Ailing and Distressed Electric Cooperatives as the National Electrification Administration May Identify, Providing a Refinancing Facility, a Tax Amnesty, and for Other Purposes
Pending with the Committee on ENERGY since 2026-01-28Rep. Sergio C. Dagooc +1
HB 8620· Filed Mar 17, 2026
An Act Granting the Condonation of the Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation
Approved by the House on 2026-05-20, transmitted to the Senate on 2026-05-25 and received by the Senate on 2026-05-25Rep. Sergio C. Dagooc +26
HB 8619· Filed Mar 17, 2026
An Act Granting the Condonation of the Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Maguindanao Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation
Approved by the House on 2026-05-20, transmitted to the Senate on 2026-05-25 and received by the Senate on 2026-05-25Rep. Sergio C. Dagooc +25
HB 6099· Filed Nov 18, 2025
An Act Providing for the Condonation of Unpaid Interests, Penalties, Surcharges, and Unremitted Universal Charges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation
Substituted by HB08620Rep. Ziaur-Rahman "Zia" Alonto Adiong
HB 8087· Filed Feb 25, 2026
An Act Granting the Condonation of the Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Basilan Electric Cooperative, Inc. to the National Power Corporation
Approved by the House on 2026-03-10, transmitted to the Senate on 2026-03-11 and received by the Senate on 2026-03-11Rep. Ustadz Yusop T. Alano +24

HB 7479

An Act Providing for the Condonation of Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. and the Maguindanao Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation

Authors · 26 Representatives

In plain language

Authors · 26 Representatives

Official sources

An Act Providing for the Condonation of Unpaid Interests, Penalties, and Surcharges on the Overdue Obligations of the Lanao Del Sur Electric Cooperative, Inc. and the Maguindanao Electric Cooperative, Inc. to the Power Sector Assets and Liabilities Management Corporation

Authors · 26 Representatives

In plain language

Authors · 26 Representatives

Official sources

Related bills · 20th Congress

Related bills · 20th Congress