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Last 01 June 2023 to 29 June 2023, the National Electrification Administration’s (“NEA”) EC-Audit Department (“NEA-ECAD”) conducted a Comprehensive Operations Audit of the Negros Occidental Electric Cooperative (“NOCECO”). The said audit covered NOCECO’s operations during the period of 01 August 2019 to 30 April 2023.

In its Audit Report, the NEA-ECAD found that improper disbursements were made by the NOCECO Management and Board of Directors during the audit period. The disbursements were classified as “improper” mainly due to the following reasons: (a) for being above and beyond the allowable thresholds under the relevant NEA Rules and Guidelines; (b) for being made without NEA’s explicit approval; and (c) despite NOCECO’s attention being called in previous audit findings, for being made with the deliberate failure to submit the appropriate Board Resolutions required by NEA to evaluate the fund disbursements.

As of 31 March 2024, the National Electrification Administration (NEA) extended a total of PhP263.78 Million worth of loans to 12 electric cooperatives (ECs).

According to the latest data from the NEA Accounts Management and Guarantee Department (AMGD), PhP178.45 Million was used for the Capital Expenditure (CapEx) projects of 9 ECs. These are the Tablas Island Electric Cooperative, Inc. (TIELCO), Masbate Electric Cooperative, Inc. (MASELCO), Iloilo II Electric Cooperative, Inc. (ILECO II), Bohol I Electric Cooperative, Inc. (BOHECO I), Bohol II Electric Cooperative, Inc. (BOHECO II), Leyte V Electric Cooperative, Inc. (LEYECO V), Bukidnon Second Electric Cooperative, Inc. (BUSECO), South Cotabato I Electric Cooperative, Inc. (SOCOTECO I) and Siasi Electric Cooperative, Inc. (SIASELCO).

Administrator Antonio Mariano Almeda called on all 121 electric cooperatives (ECs) nationwide to share their best practices with one another in order to enhance the reliability and efficiency of their power distribution services for the benefit of their member-consumer-owners (MCOs). This was done through a summit organized by the National Electrification Administration (NEA) on Monday, 01 April 2024.

Included in the agenda are the following areas of concern:  fluctuating voltage in the technical systems of the co-ops; management of the EC Reinvestment Funds and EC Retirement Funds; loan facilities to establish the Advanced Metering Infrastructure (AMI), Supervisory Control and Data Acquisition System (SCADA) and Geographic Information System (GIS) of the ECs; concerns with respect to the enhanced Integrated Computerized Planning Model (e-ICPM); and the timeline of EC bidding activities.