New definition of public utility
newscatcher
2023-03-27 23:34
New definition of public utility
After a 10-month wait, the implementing rules and regulations (IRR) of Republic Act No. 11659, the law that redefines the meaning and scope of public utility services, are now in place. The law amended the 85-year-old Public Service Act, which was the foundation of the 1987 Constitution's provision that limits the operation of public utilities to Filipino citizens or organizations that are 60-percent owned by Filipinos. Henceforth, the term 'public utility' shall apply only to persons or entities that operate, manage or control the following services: (a) distribution of electricity (b) transmission of electricity, (c) petroleum and petroleum products pipeline transmission systems, (d) water and wastewater pipeline systems, (e) seaports and (f) public utilities vehicles.

https://business.inquirer.net/393354/new-definition-of-public-utility

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