The bicameral conference committee on energy reconciled on Wednesday conflicting provisions of a bill seeking to provide electric cooperatives (ECs) a P750-million emergency and resiliency fund.

During a hearing on Senate Bill 1461 and House Bill 7054, or the Electric Cooperatives Emergency and Resiliency Fund measures, the panel decided that the initial emergency fund for 2018 would come from the National Disaster Risk Reduction and Management Council (NDRRMC) Fund, which has more than P7 billion for rehabilitation and restoration efforts.

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