PROFILE

FIBECO, Inc. is the SOLE Distributor of Electricity in Valencia City, San Fernando, Maramag, Quezon, Don Carlos,Kitaotao, Dangcagan, Damulog, Kibawe, Kadingilan, Pangantucan , and Kalilangan all in the Province of Bukidnon , and Wao, Lanao del Sur for fifty (50) years effective June 17, 1981 by virtue of Franchise Certificate No. 078 issued by National Electrification Administration by Virtue of Authority vested in the Office under Presidential Decree No. 269 dated August 6, 1973.

On December 14, 2005 FIBECO filed a petition with the National Electrification Administration, National Electrification for Renewal of Franchise to Operate and was granted renewal of franchise on June 14, 2006 which extends the expiry of the FIBECO franchise from June 17, 2031 to June 17, 2041.

Laws Governing Electric Cooperatives

RA 6038 AN ACT DECLARING A NATIONAL POLICY OBJECTIVE FOR THE TOTAL ELECTRIFICATION.

PD 175 (April 14,1973): PRESIDENTIAL DECREE No. 175 April 14, 1973

PRESIDENTIAL DECREE No. 269 August 6, 1973.CREATING THE "NATIONAL ELECTRIFICATION ADMINISTRATION" AS A CORPORATION, PRESCRIBING ITS POWERS AND ACTIVITIES, APPROPRIATING THE NECESSARY FUNDS THEREFOR AND DECLARING A NATIONAL POLICY OBJECTIVE FOR THE TOTAL ELECTRIFICATION OF THE PHILIPPINES ON AN AREA COVERAGE SERVICE BASIS, THE ORGANIZATION, PROMOTION AND DEVELOPMENT OF ELECTRIC COOPERATIVES TO ATTAIN THE SAID OBJECTIVE, PRESCRIBING TERMS AND CONDITIONS FOR THEIR OPERATIONS, THE REPEAL OF REPUBLIC ACT NO. 6038, AND FOR OTHER PURPOSES.

PRESIDENTIAL DECREE No. 501 June 28, 1974.AMENDING CERTAIN PROVISIONS OF PD NUMBER ONE HUNDRED SEVENTY-FIVE, ENTITLED "STRENGTHENING THE COOPERATIVE MOVEMENT", RELATING TO THE REGULATORY POWERS OF THE DEPARTMENT OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT OVER COOPERATIVES

PRESIDENTIAL DECREE No. 1645

• AMENDING PRESIDENTIAL DECREE NO. 269, INCREASING THE CAPITALIZATION AND BROADENING THE LENDING AND REGULATORY POWERS OF THE NATIONAL ELECTRIFICATION ADMINISTRATION AND FOR OTHER PURPOSES

REPUBLIC ACT NO. 9136

• AN ACT ORDAINING REFORMS IN THE ELECTRIC POWER INDUSTRY, AMENDING FOR THE PURPOSE CERTAIN LAWS AND FOR OTHER PURPOSES

REPUBLIC ACT NO. 10531

• AN ACT ORDAINING REFORMS IN THE ELECTRIC POWER INDUSTRY, AMENDING FOR THE PURPOSE CERTAIN LAWS AND FOR OTHER PURPOSES