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The National Electrification Administration (NEA) wrote a formal request to the Department of Justice (DOJ) to conduct a thorough and in-depth investigation into possible criminal acts and/or other irregularities that may have attended the transactions undertaken by the former Members of the Board of Directors and Management officials of the Benguet Electric Cooperative (BENECO).
In its letter to Justice Secretary Jesus Crispin Remulla dated 21 February 2023, the agency apprised the DOJ about the result of the motu proprio investigations it conducted due to the adverse findings/observations on the financial and management audit conducted on BENECO.
Read more: NEA SEEKS DOJ INVESTIGATION AGAINST SOME BENECO OFFICIALS FOR POSSIBLE CRIMINAL ACTS
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In NEA Memorandum No. 2023-09, all electric cooperatives (ECs) are reminded to adhere to ERC Resolution No. 26, Series of 2009 entitled, "Resolution Amending the Rules for Approval of Regulated Entities' Capital Expenditure Projects" to ensure the timely, appropriate, necessary, and cost-efficient CAPEX Projects.
The said ERC resolution includes the "Electric Cooperative Distribution Utility Planning Manual." It serves as a guide for the ECs' expansion and improvement of distribution facilities through the acquisition of assets necessary to respond to the needs of consumers and meet the safety, performance standards and regulatory requirements as well as their respective structural and/or institutional planning and development.
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PhP1.2 Billion worth of loans were extended by the National Electrification Administration (NEA) to thirty-five (35) electric cooperatives last year, according to the agency's Accounts Management and Guarantee Department (AMGD).
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In a memorandum dated 14 February 2023, the National Electrification Administration (NEA) reminded the electric cooperatives (ECs) to submit their reportorial requirements for the EC Overall Performance Assessment.
Pursuant to the mandate under Republic Act No. 9136 and Republic Act No. 10531, the assessment of the overall performance of electric cooperatives shall commence on 28 February 2023, which is the last day for the submission of the requirements.
Read more: NEA REMINDS ECS TO SUBMIT REPORTORIAL REQUIREMENTS FOR OVERALL PERFORMANCE ASSESSMENT
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The National Electrification Administration (NEA) has directed the Region I, Cordillera Administrative Region (CAR) Electric Cooperatives (ECs) and the Sorsogon I Electric Cooperative, Inc. (SORECO I) (“Aggregation”) to report and explain the highly irregular process undertaken by it regarding the Competitive Selection Process (CSP) for the purchase of a aggregated power requirement of the participating ECs totaling to 130MW.
During a consultative meeting between NEA and the Aggregation last February 9, 2023, It was discovered that the Aggregation’s Joint Third Party Bids and Awards Committee earlier declared two (2) failed biddings on June 14, 2022 and December 9, 2022 when the bidders were found short of the requirements as prescribed under the pertinent Terms of Reference (TOR).
