Two lawmakers called on their colleagues to act on their measures that seek to strengthen the ban on conflicts of interest in the power industry in light of increasing cross-ownership among industry players.
In a statement on Tuesday, SAGIP Party-list Rep. Caroline Tanchay said that her House Bill 174, or "Act Prohibiting Cross Ownership Among Distribution Utilities and Generation Companies," will prevent cross ownership among power industry players that were allowed under the Electric Power Industry Reform Act or Epira Law. The bill, which is co-authored by Rep. Rodante Marcoleta, aims to amend Section 45 of Epira which allows cross-ownership of the distribution and generation facilities in the power sector.
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