NEA Releases Rating of Power Coops
08 May 2013
NEA releases rating of power coops
The National Electrification Administration (NEA) has released the result of the Year 2012 Electric Cooperatives (ECs) Overall Performance Assessment using the Key Performance Standards (KPS) with 50 ECs getting AAA rating.
Administrator Edita S. Bueno said, “we congratulate the 50 ECs which garnered the highest rating of AAA for being compliant to all the four parameters: Financial, Institutional, Technical and Reportotial Requirements. We commend ECs of Region VII (Central Visayas) and CARAGA for continuing to excel in their respective operations”. All 16 ECs in the two regions were rated as AAA.
NEA Enjoins ECs in Ensuring Power Service Reliability During the . . .
12 April 2013
NEA enjoins ECs in ensuring power service reliability during the 2013 elections
The National Electrification Administration enjoins the 110 ECs under its supervision for their active participation in ensuring electric power service reliability during the May 2013 National and Local Elections.
In Memorandum No. 2013-007 issued by the agency, all ECs were directed to undertake necessary activities and implement a Load Management Program for the period 10 to 14 May 2013. This is in compliance with the Department of Energy Circular No. 2012-12-0011 stating the necessity to ensure continuous supply of electric power in the country before, during and after the May 13 elections.
NEA Hits More Than 100% Electrification Target in 2012
22 February 2013
NEA hits more than 100% electrification target in 2012
The National Electrification Administration (NEA) and the 110 electric cooperatives (ECs) have completed 6,163 sitios, exceeding the 6,007 target for the year 2012.
Of the completed sitios, 5,704 or 92% are already energized. One hundred percent energization will be attained once service connection permits from the Local Government Units (LGUs) have been secured by the beneficiaries. Some 53,688 household consumers or 268,440 Filipinos have initially benefitted from the project. The national average cost in energizing a sitio is about Php0.575M
NEA remits P136M dividends to government
05 February 2013
Nea remits P136M dividends to government
It pays to be prudent!
The National Electrification Administration(NEA) has remitted a total of PhP136 million to the national government as dividends due from NEA's net earnings for 2012.
Task Force Kapatid speeds up power restoration in “Pablo”–ravaged provinces
21 January 2013
Task Force Kapatid speeds up power restoration in "Pablo" - ravaged provinces
The National Electrification Administration (NEA) mobilized the Task Force Kapatid (TFK) for immediate restoration and rehabilitation of the power lines in the typhoon Pablo-ravaged provinces in Mindanao.
Residents of Lanao Sur Island thank PNoy for electrification project
16 November 2012
Residents of Lanao Sur Island thank PNoy for electrification project.
The residents of Nusa Island in Lake Lanao across the mainland of the Municipality of Balindong, Lanao del Sur thanked President Benign S. Aquino III for providing funds for the government’s Sitio Electrification Program with them benefitting from the program.
PNoy energizes 97 sitios in Occidental Mindoro
16 November 2012
PNoy energizes 97 sitios in Occidental Mindoro.
President Benigno S. Aquino III once again re-affirmed his full support to Rural Electrification Program as he visited Mamburao, Occidental Mindoro on 15 November 2012 for the ceremonial switch-on of 97 sitios under the areas covered by the Occidental Mindoro Electric Cooperative, Inc. (OMECO) and the Lubang Electric Cooperative, Inc. (LUBELCO)
Nueva Ecija power coop now a prompt payor
16 October 2012
"A once problematic power coop, Nueva Ecija II – Area 1 Electric Cooperative, Inc. (Neeco II-Area 1), is now a prompt payor of its loan amortization and power accounts payments.
On September 28, 2012, Neeco II-Area 1 has made advance payment of Php50M on a restructured loan to the National Electrification Administration (NEA) amounting to Php184.614M granted in September 2004 with 12% interest payable in 15 years. For eight years, the EC has improved in its payment performance from arrears status to current. If the coop continues to pay based on the existing Equal Quarterly Amortization (EQA), the repayment period will be shortened to 2016 instead of 2019 and Php44M will be generated as savings on interest on loans with NEA.
NEA Calls for Creation of Sitio Electrification Units in Power Coops
04 September 2012
State-run National Electrification Administration (NEA) has called for the creation of Sitio Electrification Units in the electric cooperatives to manage and monitor the implementation of the government’s Sitio Electrification and Barangay Line Enhancement Programs until 2015. This Unit will also oversee the electrification of more household connections.
P- Noy electrifies more sitios in Eastern Visayas
October 3, 2012
"Bawat Pinoy May Liwanag!" was the battlecry of the Leyteños and Samareños as President Benigno S. Aquino III led the ceremonial switch-on of 192 sitios initially benefitting about 3,920 households in Isabel Leyte on September 26, 2012.
These employees, who have limited field work experience, went on a study visit to Peninsula Electric Cooperative, Inc. (PENELCO) on May 31, 2012, as part of the Orientation Course for Newly Hired Personnel.