AN ACT AUTHORIZING THE PRESIDENT OF THE PHILIPPINES TO CONDUCT NEGOTIATIONS FOR THE ACQUISITIONS, MANAGEMENT AND OPERATION BY THE GOVERNMENT OF THE PHILIPPINES, OF THE MANILA ELECTRIC COMPANY, THE MANILA GAS CORPORATION, THE PHILIPPINE LONG DISTANCE TELEPHONE COMPANY, AND ANY OTHER PUBLIC UTILITY CONCERN WHOSE MANAGEMENT AND OPERATION BY THE GOVERNMENT ARE, IN HIS JUDGEMENT, REQUIRED BY PUBLIC INTEREST.

CREATING A SPECIAL COMMITTEE TO DETERMINE THE TERMS AND CONDITIONS FOR THE MERGER OF THE PHILIPPINE LONG DISTANCE TELEPHONE COMPANY (PLDT) AND THE REPUBLIC TELEPHONE COMPANY (RETELCO)