Nature and Scope of Franchise.
Section 1
SECTION 1. Nature and Scope of Franchise. - Subject to the provisions of the Constitution and applicable laws, rules and regulations, there is hereby granted to Aklan Electric Cooperative (AKELCO), hereunder referred to as the Grantee, its successors or asignees, a franchise to construct, install, establish, operate, own, manage and maintain in the public interest and commercial purposes, a distribution system for the conveyance of electric power to the end-users in the in the Municipalities of Altavas, Libacao, Nabas, Buruanga, Banga, Ibajay, Makato, New Washington, Balete, Kalibo, Malay including Boracay Island, Numancia, Madalag, Batan, Lezo, Malinao, and Tangalan, Province of Aklan; the Municipalities of Pandan and Libertad, Province of Antique; and Barangay Damayan, Municipality of Sapian, Province of Capiz. As used in this Act, "distribution system" refers to the system of wires and associated facilities including sub-transmission lines belonging to or used by a franchised distribution utility extending between the delivery point on the national transmission system or generating facility and the metering point or facility of the end-users.