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The National Electrification Administration (NEA) will remit around P1.35 billion to the national government to support efforts to mitigate the impact of the coronavirus disease 2019 (COVID) pandemic. This after the NEA Board of Administrators (BOA) approved the remittance of the P1,346,765,113 in unused subsidies and dividends to the Bureau of Treasury, as requested by […]
The National Electrification Administration (NEA) gave the electric cooperatives (ECs) clearance to secure short-term loans from other financial institutions to mitigate the economic effects of the coronavirus disease 2019 (COVID-19) on their commercial operations. NEA Administrator Edgardo Masongsong recently issued Memorandum No. 2020-015, allowing the 121 ECs to avail of short-term loans from banks and […]
In anticipation of higher electricity demand during the dry season, the Romblon Electric Cooperative, Inc. (ROMELCO) recently installed a 200-kilowatt (kW) disaster-ready solar photovoltaic system distributed in various villages under its franchise area. ROMELCO reported to the National Electrification Administration (NEA) the initial installation of its “Grid-Tied Solar Roof Mounted Project,” which aims to provide […]
Some 83 electric cooperatives have already announced a 30-day extension for electricity consumers to settle their power bills amid the ongoing public health crisis in the country, the National Electrification Administration (NEA) said. This is based on the monitoring of the agency as of Wednesday (March 25), one week after the Department of Energy (DOE) […]
The National Electrification Administration (NEA) on Thursday enjoined electric cooperatives (ECs) to provide a 30-day payment extension for electricity bills in support of the government’s efforts to contain the spread of the coronavirus disease 2019 (COVID-19). NEA Administrator Edgardo Masongsong issued Memorandum No. 2020-011, endorsing the Department of Energy’s advisory that urges distribution utilities, including […]
The National Electrification Administration (NEA) has ordered all electric cooperatives (ECs) to ensure continuous supply of electricity to their consumers, as Luzon was placed under enhanced community quarantine due to the coronavirus disease 2019 (COVID-19) threat. NEA Administrator Edgardo Masongsong on Tuesday issued a memorandum directing the 121 ECs nationwide to activate their respective Vulnerability […]
The National Electrification Administration (NEA) ended 2019 on a high note as it registered a collection of over P2 billion on loan amortization payments from the electric cooperatives (ECs). Based on the collection performance report submitted by the NEA Finance Services Department to Administrator Edgardo Masongsong, the agency collected P2.297 billion last year, an increase of […]
More electric cooperatives (ECs) have received calamity loans from the National Electrification Administration (NEA) for the rehabilitation of their power distribution facilities due to the onslaught of Typhoon “Tisoy” in December last year. Latest data from the NEA Accounts Management and Guarantee Department (AMGD) showed that the electrification agency released P51.596-million in calamity loans to six […]
The National Electrification Administration (NEA) has temporarily installed a project supervisor and acting general manager (PS/AGM) at the South Cotabato I Electric Cooperative, Inc.(SOCOTECO I) pending the appointment of a regular general manager. Through NEA Office Order No. 2020-046 dated February 24, 2020, NEA Administrator Edgardo Masongsong designated Atty. Ricardo Orias, Jr. as PS/AGM to […]
The National Electrification Administration (NEA) has designated one of its deputy administrators to supervise the management and operations of the Masbate Electric Cooperative, Inc. (MASELCO). NEA Administrator Edgardo Masongsong issued Office Order No. 2020-044 dated February 24, 2020, appointing NEA Deputy Administrator for Legal Services Rossan Rosero-Lee as the project supervisor of MASELCO. “In the […]