Republic Act No. 12306 an act granting the Pampanga Rural Electric Service Cooperative (PRESCO), Inc. a franchise to construct, install, establish, operate, own, manage and maintain a distribution system for the conveyance of electric power to the end-users in Thirty-four (34) Barangays in the Municipalities of Mexico, Arayat, Sta. Ana, and Magalang, Province of Pampanga