IKOT.PH
Two of the largest electric cooperative (EC) groups in the country said on Wednesday that the Power Sector Assets and Liabilities Management Corp or PSALM “must be made to explain its ballooning debts” that have a direct bearing on renewed proposals to hike electricity prices. In a hearing before the Senate Energy Committee last Tuesday, […]
The financial assistance extended by the National Electrification Administration (NEA) to different electric cooperatives (ECs) has reached P1.294 billion from January to June this year, 23 percent higher compared to the P1.050 billion registered in the same period a year earlier. “At least 46 of the 121 ECs supervised by the state-run agency have availed […]
Senator Win Gatchalian lauded the signing into law of a measure which strengthens resiliency among electric cooperatives by institutionalizing government support and financial assistance during disasters. President Rodrigo Duterte signed into law Republic Act 11039, otherwise known as the Electric Cooperatives Emergency and Resiliency Fund Act. The law provides that government shall allot funding under […]