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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. ###

The National Electrification Administration (NEA) is highly optimistic in reaching the 15 Millionth connection as this is a fulfillment of the Agency’s mandated mission of bringing electricity to the countryside. Recent report on Consumer Connections shows that the number of consumers served is now 14,969,035, only 30,965 consumers less to reach another milestone in the Rural Electrification Program.

“The NEA, in partnership with the Electric Cooperatives, will continue to bring light and hope to the people in the countryside”, Administrator Emmanuel P. Juaneza said.

NEA Information Technology and Communication Services Department (ITCSD) will closely monitor the status of consumer connections so as not to miss this momentous event.