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Last 9 June 2022, a meeting was held at the National Electrification Administration (NEA) regarding the outstanding balance of Maguindanao Electric Cooperative, Inc. (MAGELCO) to the National Grid Corporation of the Philippines (NGCP).

Governor Suharto “Teng” T. Mangudadatu, Administrative Officer Juniza Magana and some staff members attended in behalf of the Local Government Unit (LGU) of Sultan Kudarat. Likewise, the LGU of Maguindanao was represented by Governor Bai Mariam Sangki-Mangudadatu, Atty. Cyrus Torrena and other staff members.

“We have to first improve our services,” Governor Teng Mangudadatu said as a prerequisite to complying with the payment. “And we will develop our financial program further.”

On behalf of the Local Government of Lanao del Sur, Governor Mamintal Alonto Adiong, Jr. called for a Zoom meeting on 08 June 2022 with Power Sector Assets and Liabilities Management Corporation (PSALM) and Lanao del Sur Electric Cooperative (LASURECO) with the objective to resolve the concern of LASURECO´s obligation to PSALM. LASURECO will then write a letter to PSALM, which will contain the initial commitment to pay an amount that shall be determined. 

The National Electrification Administration (NEA) participated through the attendance of Administrator Emmanuel P. Juaneza, designated LASURECO Project Supervisor Federico P. Villar, Jr., and Ms. Estrellita S. Volante and Mr. Aljohn S. Calapatia, both from Management and Consultancy Services Office (MCSO).

"I will bring the matter to the NEA Board of Administrators (BOA)," Administrator Juaneza said regarding the possible financial assistance that the agency can provide to the cooperative.

Last 22 October 2019, the Energy Regulatory Commission (ERC) adopted a policy that Distribution Utilities (DUs) with Compliance Filings with a resulting net over-recovery shall be directed to immediately refund the over-recovery.

In compliance with the consequent ERC Case 2017-026-CF Order dated 05 December 2019, Pangasinan I Electric Cooperative (PANELCO I) has implemented directives to fulfill the refund order. Attesting to this are the Electric Cooperative’s (EC) records submitted to the ERC. Hence, the news issuance statement that the EC is yet to refund the amount of PhP24.9M is in urgent need of updating. The most recent reports of PANELCO I show that they have already refunded the amount of PhP18.7M as of April 2022, leaving only the amount of PhP4.6M to be refunded. ###