ILP firms could get tax break under emergency powers

A HOUSE resolution seeking to grant emergency powers to President Benigno Aquino 3rd to avert a crippling electricity shortage in Luzon next year proposes granting tax relief to companies that participate in the Interruptible Load Program (ILP).

With the Aquino government practically running out of time to deal with the expected power shortage, Oriental Mindoro Rep. Reynaldo Umali, chair of the House energy committee, said the emergency powers will “fast track” solutions to avert the expected power crisis.