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The National Electrification Administration (NEA) gathered key electric cooperative (EC) officials in a summit with the Land Bank of the Philippines (LBP) on Friday, May 10, to discuss its “Anti-Bill Shock” lending program and other services that can help resolve the ECs’ ongoing financial challenges.

NEA Administrator Antonio Mariano Almeda initiated the forum in light of the recent power grid updates that triggered rising electricity costs, causing financial stress to many customers, including the EC member-consumer-owners (MCOs).

The National Electrification Administration (NEA) and Maharlika Investment Corporation (MIC) held a meeting on Tuesday to discuss future plans aimed at improving the power supply and distribution systems for the provinces of Occidental and Oriental Mindoro.

NEA Administrator Antonio Mariano Almeda and MIC President/CEO Rafael Consing, Jr. met at the former’s office in Diliman, Quezon City—pursuant to the MIC’s Memorandum of Agreement with the local government units (LGUs) and electric cooperatives (ECs) of both provinces.

On 6 May 2024, the National Electrification Administration (NEA) Administrator Antonio Mariano C. Almeda personally endorsed several of the NEA’s administrative cases to the Department of Justice (DOJ). Almeda met with DOJ Undersecretary Jose R. Cadiz, Jr., referring several cases for the proper determination of possible criminal liabilities therein. The Electric Cooperatives (ECs) subject of the said cases include:

The Negros Occidental Electric Cooperative (NOCECO), wherein the NEA found the respondents therein administratively liable for having unduly granted themselves salaries, allowances, and benefits over and above the NEA’s Guidelines and without the NEA’s explicit approval, amounting to roughly Eighty-Two Million Pesos (PHP82,000,000.00) over the span of roughly three (3) years;