Interest rate per centum per annum

In electrification: an interest rate that is accrued solely upon the unpaid balance of any loan principal which has actually been advanced to a borrower and upon any interest payment which has become due or been deferred and has not been paid by the borrower; computed...

Household

In electrification: a non-seasonal dwelling capable of receiving service safely, including apartments and other dwelling combinations [Section 3(p), Presidential Decree No. 269, s. 1973]

Franchise

In electrification: the privilege extended to a person to operate an electric system for service to the public at retail within a described geographic area, whether such privilege has been granted by the Congress, by a municipal, city or provincial government or, as...

Dependable and adequate service

In electrification: service that, consistent with normal standards and levels of service based upon good utility management and operating practices, is sufficient in quantity, having regard for the demands for service currently existing and reasonably anticipated...

Congress

In electrification: the President during his exercise of Martial Law, or the National Assembly under the new Constitution of 1973, whichever is the case at any given time [Section 3(q), Presidential Decree No. 269, s. 1973]

Cooperative

In electrification: a corporation organized under Republic Act No. 6038 or this Decree or cooperative supplying or empowered to supply service which has heretofore been organized under the Philippine Non- Agricultural Cooperative Act, whether covered under this Decree...

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