GRANTING THE BOARD OF ENERGY THE POWER TO REGULATE AND FIX THE RATES OF PIPELINE CONCESSIONAIRES AND AMENDING FOR THAT PURPOSE SECTION 9 OF PRESIDENTIAL DECREE NO. 1206.

• Number: Presidential Decree No. 1700
• Sections: 5

Preamble

WHEREAS, the determination of the rates of pipeline

concessionaires is a quasi-judicial and quasi-legislative function;

WHEREAS, the jurisdiction over the determination of the

rates of pipeline concessionaires must be specifically stated and

provided for by law;

WHEREAS, in view of the foregoing consideration, it is

necessary to amend Section 9 of Presidential Decree No. 1206;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Republic of the Philippines, by virtue of the powers vested in me by the

Constitution, do hereby order and decree as follows:

Section 1

SECTION 1. In addition to the powers enumerated under

Section 2

SEC. 2. All existing laws, order, rules and regulations

contrary or inconsistent with the provisions of this Decree are hereby repealed

or modified accordingly.

Section 3

SEC. 3. This Decree shall take effect immediately.

Done in the City of Manila, this 10th day of July, in the year of Our Lord,

nineteen hundred and eighty.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential

Assistant

Section 9

Section 9 of Presidential Decree No. 1206, the Board of Energy shall have the

power to regulate and fix the rates of pipeline concessionaires under the

provisions of Republic Act No. 387, as amended, otherwise known as the Petroleum

Act, and the said Board shall prescribe and promulgate the necessary rules and

regulations on this matter. The provisions of Section 9 of Presidential Decree

No. 1206 shall be deemed amended in accordance with this Decree.