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Local News: R.A. 10531 Taxes Effect Today To Cause Disqualification of Some CENECO Directors?

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NDB, considering the ramifications and possible disruption of services of the Central Negros Electric Cooperative, had an exclusive interview with Engr. Edward Gasambelo, considering this experience and expertise.

Gasambelo is the past president of CENECO, a very successful profess-ional, who is a duly licensed whose company is involved in numerous business activities in the Visayas Region.

He stated, "R.A. 10531, otherwise known as National Electrification Administration Reform Act of 2013, is a consolidation of Senate Bill No. 3389 and House Bill No. 6214 which was finally passed on February 4, 2013 and signed by President Benigno S. Aquino III on May 7, 2013. Its Implementing Rules and Regulations is covered by the Department of Energy Circular No. DC 2013-07-0015 entitled PROSCRIBING THE IMPLEMENTING RULES AND REGULATIONS OF R.A. 10631 which was published in the July 29 issue of a national daily, The Philippine Star, and, that the agency that would implement, the IRR would be the National Electrification Administration (NEA)."

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