HB 7856

House·20th Congress·Filed Feb 18, 2026

An Act for the Condonation of Unpaid Interests, Penalties, Surcharges, and Unremitted Universal Charges on the Overdue Obligatons of the Masbate Electric Cooperative, Inc. to the National Electrification Administration (Nea) and National Power Corporation (Napocor)

In plain language

The bill would wipe out all interest, penalty, surcharge and universal‑charge debts that MASELCO owes to the NEA and NAPOCOR as of Dec 31 2025, and would let the cooperative pay its remaining principal under a new, one‑time restructuring plan.

EnergyPublic Works and Infrastructure

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

Authors · 3 Representatives

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 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 7479· Filed Jan 29, 2026
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
Measure recommitted on 2026-02-11Rep. Sergio C. Dagooc +25
HB 4017· Filed Aug 26, 2025
An Act Establishing a Special Debt Restructuring Program for the Albay Electric Cooperative (Aleco) and Other Distressed Electric Cooperatives as the National Electrification Administration (Nea) May Identify, Providing a Refinancing Facility, a Tax Amnesty, and for Other Purposes
Pending with the Committee on ENERGY since 2025-08-27Rep. Adrian E. Salceda
HB 5864· Filed Nov 11, 2025
An Act Establishing a Special Financial Relief and Restructuring Program for the Albay Electric Cooperative (Aleco) and Other Distressed Electric Cooperatives as the National Electrification Administration (Nea) May Identify, Providing for a Revolving Refinancing Facility, Authorizing the Waiver of Surcharges, Penalties, and Interests, and for Other Purposes
Pending with the Committee on ENERGY since 2025-11-17Rep. Adrian E. Salceda

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HB07856 · Sources: BatasWatch