By
Manuel Cayon - July 4, 2018
TAGUM CITY, Davao del
Norte—The only electric cooperative in the country troubled by rival owners
finally posted a record collection reaching almost half-a-billion pesos in May,
but the National Electric Administration (NEA) said the cooperative would still
go a long way to clean its financial obligation of P2.1 billion to power
suppliers.
The indebtedness was
largely accumulated in the four years, from 2012 to 2016, that the Davao
Electric Cooperative was divided between the NEA and the Cooperative
Development Authority, which assumed operation and collections of electric
bills beginning in 2012, when the then Daneco board of directors opted to
attach to the CDA for mentoring and actual operation.
Mario Angelo M. Sotto,
the NEA supervisor for Daneco, told the second Executive Session of Davao del
Norte and Compostela Valley clients, mayors, governors and other stakeholders
that Daneco showed remarkable collection trend beginning this year.
In January collections
reached 95 percent (P367.05 million), but slipped to 78 percent (P299.36
million) in February, and went back up to 87 percent (P339.52 million) in
March, to 96 percent (P343.93 million) in April and to the record 98 percent
(P414.72 million) in May.
NEA Administrator
Edgardo R. Masongsong said a full collection from all its more-than 200,000
electric consumers could reach more than P500,000.
Even with the Supreme
Court final decision putting back Daneco to the authority of NEA has not
deterred some electric consumers to continue paying to the CDA collection
centers, the NEA and the Department of Energy has confirmed in the executive
session here on Tuesday.
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