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× Malampaya fund to settle Napocor debts

The Senate approved on third and final reading a bill that will authorize the use of the P207-billion Malampaya Fund to pay off National Power Corp.'s debts, which would mean savings for consumers.


Sen. Sherwin Gatchalian, who chairs the energy committee, said that if Senate Bill No. 1950 or Murang Kuryente Bill would be enacted, households that consume 200 kilowatt-hours a month would save…