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By: Mae Singuay
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Monday, June 26, 2017
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BACOLOD City – The Central Negros Electric Cooperative (Ceneco) is set to hold a referendum next year.
On Friday, Ceneco general manager Sulpicio Lagarde Jr. said the management will recommend to the board of directors to pass a resolution setting the date and identifying the information education campaign activities as mandated by the National Electrification Administration (NEA).
NEA gave Ceneco a deadline to submit the resolution until Jan. 15, 2018, Lagarde said.
The referendum is in compliance with NEA memorandum dated Dec. 5, 2014, which was addressed to all electric cooperatives in the Philippines regarding the approval of Board Resolution No. 204 on the guidelines in the conduct of referendum for electric cooperative conversion.
The memorandum includes choices in holding the referendum:
*Section 25-A of the Implementing Rules and Regulations (IRR) of Republic Act 10531 or NEA Reform Act of 2013 mandates all remaining electric cooperatives that are non-stock to conduct a referendum whether one should remain as non-stock, nonprofit electric cooperative under NEA
*convert into stock cooperative under the Cooperative Development Authority
*convert into stock corporation under Securities and Exchange Corp.
Lagarde told NEA that the date of the referendum will come later than Jan. 15, 2018.
“It will be synchronized during the holding of the Annual General Meeting Assembly on April 29, 2018,” he stressed.
Ceneco president Roy Cordova also preferred to hold the referendum next year to save money.
Cordova also said he wants Ceneco to remain under NEA because “if it will be a stock cooperative, many capitalists will come in.”
Vicente Petierre III, legal counsel of Utilities Consumers Alliance of Negros, said the Ceneco must first hold a consultation and information drive campaign for the consumers-members to know the pros and cons of the referendum./PN
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