Business World Online
Posted on June 09, 2011 01:48:36 PM | BREAKING NEWS
DISTRIBUTION UTILITIES are now required by regulators to sell at least 15% of their stocks in five years time.
The Energy Regulatory Commission said on Thursday it approved rules mandating unlisted privately-owned distribution utilities to sell at least 15% of common shares of stock either by listing in the bourse or other methods “deemed feasible and desirable by the Board of Investments.”
The rules emanate from Republic Act 9136 or the Electric Power Industry Reform Act of 2011 which mandates a portion of distribution utilities must be publically owned. --Emilia Narni J. David
The rules emanate from Republic Act 9136 or the Electric Power Industry Reform Act of 2011 which mandates a portion of distribution utilities must be publically owned. --Emilia Narni J. David
No comments:
Post a Comment