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The National Electrification Administration (NEA) and Maharlika Investment Corporation (MIC) held a meeting on Tuesday to discuss future plans aimed at improving the power supply and distribution systems for the provinces of Occidental and Oriental Mindoro.
NEA Administrator Antonio Mariano Almeda and MIC President/CEO Rafael Consing, Jr. met at the former’s office in Diliman, Quezon City—pursuant to the MIC’s Memorandum of Agreement with the local government units (LGUs) and electric cooperatives (ECs) of both provinces.
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On 6 May 2024, the National Electrification Administration (NEA) Administrator Antonio Mariano C. Almeda personally endorsed several of the NEA’s administrative cases to the Department of Justice (DOJ). Almeda met with DOJ Undersecretary Jose R. Cadiz, Jr., referring several cases for the proper determination of possible criminal liabilities therein. The Electric Cooperatives (ECs) subject of the said cases include:
The Negros Occidental Electric Cooperative (NOCECO), wherein the NEA found the respondents therein administratively liable for having unduly granted themselves salaries, allowances, and benefits over and above the NEA’s Guidelines and without the NEA’s explicit approval, amounting to roughly Eighty-Two Million Pesos (PHP82,000,000.00) over the span of roughly three (3) years;
Read more: NEA ENDORSES TO THE DOJ SEVERAL CASES INVOLVING ERRING ECS
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The National Electrification Administration (NEA) welcomed on Monday the signing of a Memorandum of Agreement between the provincial governments of Oriental and Occidental Mindoro and their respective electric cooperatives (ECs) with the Maharlika Investment Corporation (MIC).
Leading the ceremony was NEA Administrator Antonio Mariano Almeda, with the event graced by MIC President and CEO Rafael Jose Consing, Jr., Occidental Mindoro Gov. Eduardo Gadiano, Oriental Mindoro Gov. Humerlito Dolor, and Department of Finance Usec. Catherine Fong.
Read more: NEA SPEARHEADS PARTNERSHIP BETWEEN MIC, ORIENTAL AND OCCIDENTAL MINDORO LGUS, ECS
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The National Electrification Administration (NEA) has remitted a total of P43,058,291.62 in dividends to the national government, which the Department of Finance (DOF) acknowledged on Monday during the 2024 Government-Owned or -Controlled Corporations (GOCC) Day.
NEA Administrator Antonio Mariano Almeda accepted the Certificate of Recognition signed by Finance Secretary Ralph Recto in a ceremony held at the Philippine International Convention Center (PICC) in Pasay City with President Ferdinand Marcos, Jr. and Executive Secretary Lucas Bersamin in attendance.
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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.
