RA11039: AN ACT INSTITUTIONALIZING THE ELECTRIC COOPERATIVES EMERGENCY AND RESILIENCY FUND AND APPROPRIATING FUNDS THEREFOR
Republic Act (RA) 11039, enacted on June 29, 2018, institutionalizes the Electric Cooperatives Emergency and Resiliency Fund (ECERF). The Act aims to ensure the continuous supply of electricity in the event of a fortuitous event or force majeure by providing financial assistance to electric cooperatives for the restoration or rehabilitation of damaged infrastructure.
Highlight of RA 11039
RA 11039 prioritizes the uninterrupted supply of electricity, a basic necessity, by establishing a dedicated fund to help electric cooperatives recover quickly from disasters and other unforeseen events. This ensures that communities can access essential services and promotes safety and well-being during emergencies.
Other Key Provisions
Fund Management: The National Electrification Administration (NEA) is responsible for managing and administering the ECERF.
Fund Allocation: The ECERF is exclusively allocated for the restoration or rehabilitation of damaged infrastructure of electric cooperatives.
Appropriations: The initial funding for the ECERF is P750 million, taken from the National Disaster Risk Reduction and Management Fund.
Donations: The NEA can receive donations in the form of funds, materials, or equipment for the purpose of restoring or rehabilitating damaged infrastructure.
Reportorial Requirements: The NEA is required to submit quarterly reports on the implementation of the program and the utilization of the ECERF to the Department of Energy, the Joint Congressional Power Commission (JCPC), and the Office of the President.
Congressional Oversight: The JCPC exercises oversight functions over the implementation of the Act.