The NEA cites that in the context of state regulation, the “Interference” in ECs’ affairs comes as a matter of course in the exercise of NEA’s mandate of supervision over their operations and management under the provisions of Presidential Decree (PD) 269 as amended by Republic Act (RA) No. 10531. Supervisory actions such as the selection and hiring of EC general managers (GM) as in the case of the Benguet Electric Cooperative (BENECO) GM are therefore lawful and were executed with due diligence. The procedure adheres to NEA Memorandum No. 2017-035 issued on 24 October 2017.
Such policy guidelines were judiciously crafted, reviewed and approved by the NEA Board of Administrators. Furthermore, NEA is mandated to continuously and efficiently implement all approved policies including the said Memorandum.###