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I thank President Duterte for signing the Murang Kuryente Act, and Sen. Win Gatchalian for shepherding its passage in the Senate. The law is like a light switch that turns off the collection from consumers of the Universal Charge (UC) on stranded debts and stranded contract costs

An Act Reducing Electricity Rates By Allocating The Net National Government Share From The Malampaya Natural Gas Project For The Payment Of The Stranded Contract Costs And Stranded Debts Of The National Power Corporation The net national government share from the Malampaya