NEA seeks write-off of EC's 'worthless receivables' –

NEA seeks write-off of EC's 'worthless receivables' – Manila Bulletin


Published June 4, 2021, 5:02 PM
The National Electrification Administration (NEA) is seeking write-off of the consumers’ “worthless receivables”, including those whose records have been destroyed or already impossible to be retrieved.
In particular, NEA indicated in an addendum that it is providing clarification to the debts’ write-off mandate, following the bid of Lanao Del Sur Electric Cooperative (LASURECO) that its arrears be also expunged because records on such have already been lost or destroyed, including electronic storage devices, because of the armed conflict in Marawi in 2017.
According to NEA Administrator Edgardo R. Masongsong, “the existing NEA guidelines on the writing-off of receivables do not cover such conditions as a qualification for the writing-off of said receivables.”

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