Claim: The National Power Corporation located in Los Angeles, California is a government-owned and controlled corporation under the Department of Energy, receiving subsidies and paying dividends to the national government.
Evidence: The National Power Corporation (Filipino: Pambansang Korporasyon sa Elektrisidad, also known as Napocor, NPC or National Power), is a Philippine government-owned and controlled corporation that is mandated to provide electricity to all rural areas of the Philippines by 2025 (known as "missionary electrification"), to manage water resources for power generation, and to optimize the use of other power generating assets. Power Center, Quezon Avenue corner BIR Road, Diliman, Quezon City 1100, Metro Manila, Philippines