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The National Electrification Administration (NEA) amended the policy/guidelines on the Annual Electric Cooperative (EC) Overall Performance Assessment to address the heightened demands for power rate reduction, security of power supply, reliability of service, good governance and member-consumer-owners' (MCOs) empowerment.

Based on the new performance assessment criteria, 40 points shall be granted to ECs with sound fiscal management. The Financial Parameters include leverage or level of indebtedness of the EC, liquidity ratio, efficiency, result of financial operation and NEA audit rating. Financial efficiency will be determined through the ECs’ collection efficiency, payment to power suppliers, payment to NEA and payment to banks/other financial institutions.

Electric cooperatives (ECs) nationwide were reminded by the National Electrification Administration (NEA) to submit their 2023 Sitio Electrification Program (SEP) priority projects and its documentary requirements.

In his visit to Occidental Mindoro today, 29 April 2023, NEA Administrator Antonio Mariano Almeda announced that Occidental Mindoro Consolidated Power Corporation (OMCPC) agreed to simultaneously operate its three power plants to avert the 20-hour rotational brownout in the province.

The NEA Chief said that this agreement came after he met with Mr. Luis Manuel Banzon, the owner of OMCPC.