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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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85 electric coops score high in performance rating

Published December 27, 2020, 6:00 AM
Roughly 70-percent of the country’s electric cooperatives (ECs) scored ‘highest rating’ in a recent performance assessment carried out by the National Electrification Administration.
The agency announced that 85 out of the 121 ECs nationwide had been bestowed with “AAA” rating or “excellent” in their overall performance as assessed for year 2019 outcomes.
Of the 85 ECs that garnered highest rating, NEA noted that 30 power utilities were given scores of 100 points – based on the performance parameters employed in the assessment of their operations.
The electrification agency highlighted the ECs that sustained ‘excellent performance’ are those in: Region I (Ilocos Region); Region VI (Western Visayas); Region VIII (Eastern Visayas) and the CARAGA Region in Northeastern Mindanao. ....

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