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Government

Power Coops Post Another Record Low Systems Loss Average in 2016 – MASONGSONG

  More electric cooperatives (ECs) reduced their systems losses last year, resulting in a record low average of 10.99%, down 0.13% from the 11.12% average they posted in 2015, the National Electrification Administration (NEA) has reported. Latest data released by the NEA Engineering Department over the Holy Week break showed that 42 ECs registered single-digit […]

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Government

We Need a Bank Tailored to Electric Consumers – MASONGSONG

  Citing its “tremendous potential”, the National Electrification Administration (NEA) has urged electric cooperative consumers to “come together” to establish a bank dedicated to them. NEA chief Edgardo Masongsong made the statement before the Barangay Member Consumers Electrification Committee (BMCEC) on April 8 at the Fibeco Consumers Training Center in Maramag, Bukidnon. In his message, […]

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Government

Electric Cooperatives in Western Visayas, Central Visayas and Caraga Retain Triple “A” Ratings From NEA – MASONGSONG

  The National Electrification Administration (NEA) this week released the results of its 2016 overall performance assessment of electric cooperatives (ECs) in the country and all distributors in the Western Visayas, Central Visayas and Caraga regions have kept their AAA ratings from the agency. Administrator Edgardo Masongsong welcomed this development as the ECs remained compliant […]

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Government

Pangasinan Electric Cooperative is Almost a Billionaire – MASONGSONG

  National Electrification Administration (NEA) chief Edgardo Masongsong recently extolled the Pangasinan Electric Cooperative I (Panelco I) for empowering majority of its member-consumer-owners (MCOs), which enabled it to reach almost a billion in total assets. Masongsong met the executives of Panelco-1 when he graced its 10th Annual General Assembly Meeting for the first time last […]

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Government

77 out of 121 Electric Coops Nationwide Receive Triple ‘a’ Rating From NEA – MASONGSONG

The number of electric cooperatives (ECs) that obtained an AAA rating from the National Electrification Administration (NEA) has increased from 70 to 77 in the past year, results of the 2016 EC Overall Performance Assessment show. NEA evaluates and determines the overall performance ratings of all electric cooperatives under its supervision yearly using the two […]

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Government

First National Summit of Electric Consumers to Tackle Energy Issues and Services – MASONGSONG

  Electricity consumers and providers should expect more inexpensive and more efficient services as over one thousand delegates representing 121 electric cooperatives will meet from April 27 to 28 for the first National Summit of Electric Consumers in Davao City and the 2017 National Electrification Administration (NEA)-Electric Cooperatives (EC) Consultative Conference and Lumens Awards Ceremonies. […]

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Government

NEA Embarks on Massive Rural Electrification Drive to Boost Rural Development – MASONGSONG

The National Electrification Administration (NEA) is allocating P35.57 billion in 2017 as it embarks on a massive electrification campaign targeting 23,710 towns in far-flung areas in the country. The program is a landmark effort of NEA Administrator Edgardo R. Masongsong who characterizes it as the realization of the agency’s mandate “to bring electricity, empowerment, business […]