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President Ferdinand "Bongbong" Marcos, Jr. vetoed House Bill No. 10554 or an Act Expanding the Franchise Area of Davao Light and Power Company, Inc.

In a letter addressed to the Senate, President Marcos said he is constrained to veto the bill due to the susceptibility of the proposed expansion of the franchise area of Davao Light and Power Company, Inc. to legal and/or constitutional challenge due to the apparent overlap and possible infringement into the subsisting franchise, permits and contracts previously granted to North Davao Electric Cooperative, Inc.

"North Davao Electric Cooperative, Inc. has existing franchises in the expanded franchise area which will subsist until 2028 and until 2033. The bill runs counter to the provisions of Section 27 of Republic Act No. 9136 or the EPIRA mandating that "all existing franchises shall be allowed to their full term," the President wrote.

The National Electrification Administration (NEA) announced the result of the 2021 Electric Cooperatives (EC) Overall Performance Assessment and Size Classification through Memorandum to all ECs No. 2022 - 033 last 13 July 2022. The Committee on EC Overall Performance Assessment, chaired by Director Ana Rosa D. Papa, effected the evaluation of the set performance standards and parameters.

The EC Overall Performance Assessment aims to measure the ECs' financial, institutional and technical performance, thus determining credit worthiness, level of development, protection, empowerment and satisfaction of member-consumer-owners (MCOs), and to promote accountability and responsibility in ECs' compliances and fiduciary obligations. This also serves as a basis for crafting performance incentive mechanisms for the ECs.

2021 EC Overall Performance Assessment showed that 87 out of 121 ECs or 72% were rated AAA, nine (9) ECs or 7% were AA and five (5) ECs or 4% were A. Category B included 7 ECs at 6%, Category C has 6 ECs at 5% and Category D has 7 ECs at 6%.

With the continuing increase in fuel prices, the National Electrification Administration (NEA) issued an advisory to all the Electric Cooperatives (ECs) nationwide to observe cost reduction in fuel consumption. The rising fuel costs can put a major strain on the financial operations of the ECs prompting the NEA to advise the ECs to re-evaluate their practices on cutting operating expenses, particularly on the use of fuel. Should the ECs’ actual disbursement on fuel exceed the budget allocation, there is a need for supplemental and/or budget realignment as stated in the NEA Memorandum No. 2021-46.