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  • NEA Building
  • 2014 ceremonial switch on at PICC
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  • P-Noy commends NEA
  • P- Noy electrifies more sitios in Eastern Visayas
  • PRES. PNOY AT THE 33RD ANNIVERSARY OF PHILRECA, SITIO ELECTRIFICATION PROGRAM CEREMONIAL SWITCH-ON
  • CEREMONIAL SWITCH-ON, LINAO, CAWAYAN MINI-HYDRO PLANT, ORMECO, CALAPAN CITY
  • GAWAD CES AWARDEE , DEP. ADM. MARIANO T. CUENCO
  • Lumens Awards
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NEA remits Php203M to national government

Media Release

28 April 2015

The National Electrification Administration (NEA) has remitted a total of Php203.98 million to the national government as dividends due from NEA’s net earnings for 2014.

 

The Php203.98M which was turned-over to the Bureau of Treasury (BTr) on April 16, 2015 is the biggest in NEA’s history. The amount is 38% higher than last year’s payment of Php148M. Under Section 3 of Republic Act No. 7656, otherwise known as the Dividend Law, GOCCs are required to declare and remit at least 50% of their annual net earnings as dividends to the national government. The initial report for 2014 shows a net income before income tax for NEA of Php587 million.


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House commends NEA-ECs Task Force Kapatid volunteers

Media Release

23 March 2015

Speaker Feliciano Belmonte, Jr. and members of the 16th Congress has passed Resolution No. 157 commending the Task Force Kapatid volunteers of the National Electrification Administration (NEA) and the electric cooperatives.

 

The Speaker heralded the thousands of volunteers “for their heroism, selflessness and sacrifice beyond the call of duty for working under adverse and harsh conditions to repair and rehabilitate power lines and stations thereby immediately restoring power in disaster-ravaged areas” in a simple ceremony at the Andaya Hall of the House of Representatives on March 17, 2015.


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NEA lends Php2.5B to power coops

Media Release

11 March 2015

The National Electrification Administration (NEA) has extended loans amounting to Php2.534 billion to 67 electric cooperatives through its various loan windows in 2014 primarily to finance the rehabilitation and upgrading of their distribution lines and sustain their operational efficiency.

 

Of the said amount, Php829 million loan borrowed by the ECs due to Typhoons Yolanda, Santi, and Glenda were later converted to subsidies.


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