HB 8619: 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

In plain language

The bill proposes to forgive all interest, surcharges and penalties that MAGELCO owes to PSALM since 2009, and to let PSALM restructure MAGELCO’s remaining principal debt, provided MAGELCO submits regular performance‑improvement reports.

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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 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 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 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
SB 784· Filed Aug 4, 2025
Condonation of Unpaid Obligations on the Power Consumption
Pending in the committeeSen. Francis "Chiz" G. Escudero

HB 8619

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

Authors · 26 Representatives

In plain language

Authors · 26 Representatives

Official sources

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

Authors · 26 Representatives

In plain language

Authors · 26 Representatives

Official sources

Related bills · 20th Congress

Related bills · 20th Congress