Section 3
SEC. 3. This franchise is granted on the express condition that the grantee will comply, upon approval thereof, with his commitment to reduce the rates according to the schedule hereinbelow stated, and that the said rates shall be maintained unless for well founded reasons. After two years, a change may be authorized by the Public Service Commission: Provided, however, That the Commission may approve any change, at any time, if the purpose is to further reduce said rates. Schedule of Rates per Month For the first fifteen KWH ..... P5.00 (minimum); Next eighty-five KWH........... .27 per KWH; Over one hundred KWH .......... .23 per KWH.