00:00President Ferdinand R. Marcos Jr. has passed an executive order that will limit the sufficient and affordable supply of electricity in the country.
00:09This is Clayzel Pardilla of PTV in Balitang Pambansa.
00:14In order to limit the sufficient supply and affordable supply of electricity,
00:19President Ferdinand R. Marcos Jr. has signed Executive Order No. 83.
00:25It regulates the reduction of electricity bills in the facilities of independent power producers
00:34that have an agreement with the government under the Build-Operate-Transfer Scheme.
00:40This will keep the operation of power generation facilities,
00:44prevent the closure of plants that provide 3,100 megawatts of electricity,
00:52and increase the price of electricity or rotating brownouts if the operation will stop or close.
01:00Under the EO 83,
01:02more than 80% will be sold to some local government units.
01:06The number of independent power producers in 2024 will be reduced
01:11based on the assessment level of 15% of the fair market value of their facilities.
01:17Interest and fines to those who did not pay the real property tax will also be canceled
01:22so that the IPPs will not pass.
01:25In order for the leadership of the Philippine Coast Guard to be more stable and effective,
01:30the Republic Act No. 12122 was passed.
01:34It clearly stipulates the importance of official, terminal, and retirement in the PCG.
01:40A maximum of three-year term has been set for the leadership of the agency
01:45to avoid the frequent replacement of the leadership that may affect the operation of the PCG.
01:52If the term is over or if the position was left early,
01:55the commander must retire mandatorily to improve the new leadership,
02:01except if the president extends his term.
02:05Merit-based promotion will also be strengthened
02:08from the ranks of the flag officers of the PCG,
