REDUCTION AND CONDONATION OF REAL PROPERTY TAXES AND INTEREST/PENALTIES ASSESSED ON THE POWER GENERATION FACILITIES OF INDEPENDENT POWER PRODUCERS UNDER BUILD-OPERATE-TRANSFER CONTRACTS WITH GOVERNMENT-OWNED OR -CONTROLLED CORPORATIONS

REDUCTION AND CONDONATION OF REAL PROPERTY TAXES AND INTEREST/PENALTIES ASSESSED ON THE POWER GENERATION FACILITIES OF INDEPENDENT POWER PRODUCERS UNDER BUILD-OPERATE-TRANSFER CONTRACTS WITH GOVERNMENT-OWNED OR -CONTROLLED CORPORATIONS

CONFIRMING THE ADMINISTRATIVE AUTHORITY AND JURISDICTION OF THE DEPARTMENT OF ENERGY (DOE) TO EXPLORE, DEVELOP, AND/OR UTILIZE THE GEOTHERMAL RESERVES OVER THE AREAS COVERED BY PROCLAMATION NOS. 739 AND 1111 WITH FULL AUTHORITY TO ENTER INTO SERVICE CONTRACTS OR ANY LAWFUL AGREEMENT IN RELATION THERETO

AN ACT REDUCING ELECTRICITY RATES BY ALLOCATING A PORTION OF THE NET NATIONAL GOVERNMENT SHARE FROM THE MALAMPAYA NATURAL GAS PROJECT FOR THE PAYMENT OF THE STRANDED CONTRACT COSTS AND STRANDED DEBTS.