Citing its compliance to the flagship programs of the National Electrification Administration (NEA), the Surigao del Sur II Electric Cooperative, Inc. (Surseco II) has been guaranteed of its 10 percent subsidy funds and other incentives from the agency.
Administrator Edgardo Masongsong gave this assurance following his dialogue with Sureco II Board of Directors (BOD) and Management Staff at their main office in Tandag City, Surigao del Sur on Friday (June 2).
Masongsong said the electric cooperative (EC) has fully liquidated its cash advances for the Barangay Line Enhancement and Sitio Electrification Programs, making it eligible to fresh incentives from the NEA on top of government funding it receives regularly.
The administrator considered this a logical step especially since Surseco II had been addressing its capital expenditure (CapEx) needs through internally-generated funds amid the Energy Regulatory Commission’s (ERC) constant inattention to their applications.
“(Their) CapEx project application with ERC has not been acted ever since (and it is) the reason the EC’s system loss is at 12.97 percent, which is only three percentage points shy of the cap level,” Masongsong said on Monday (June 5).
The NEA chief advocated for a single-digit system loss for all ECs in accordance with President Rodrigo Duterte’s aim to reduce the price of electricity service in the country.
Meanwhile, Surseco II officials also took the opportunity to raise other issues and concerns with the administrator during the meeting including the adjustment of term limits for BOD members and their qualifications standards.
The energization of remaining sitios within its coverage area as well as projects under the Nationwide Intensification of Household Electrification (NIHE), which is initiated by the Department of Energy (DOE), were likewise discussed.
On Saturday (June 3), the administrator graced the 28th Annual General Membership Assembly (AGMA) of Surseco II as its guest speaker at the San Miguel Municipal Gymnasium, the main venue for the event.
A total of 4,390 member-consumers-owners (MCOs) gathered for the AGMA, which was also held in two other remote locations, the Surseco II headquarters in Tandag City and the Municipality of Madrid. The attendance is more than the seven percent of the 64,000-plus billed consumers of the said EC.
For this year, Surseco II adopted the theme “Strengthening the Electric Cooperative through MCO Empowerment,” an idea put forth by the National Center of Electric Cooperative Consumers, Inc. (NCECCO).
The organization of an NCECCO provincial chapter in Surigao del Sur and the subsequent induction of Surseco II MCOs into EC-led movement served as one of the highlights of the recently concluded AGMA.
Masongsong attributed the favorable outcome of the event to the Surseco II leadership with BOD president Reynaldo Sindo and general manager Iglorio Hinayon at the helm and the cooperation of their MCOs.
“The success of the AGMA could not have been realized without the all-out support of the MCOs as represented by the MSEAC (Multisectoral Electrification Advisory Council), BAPA (Barangay Power Associations), barangay electricians, IP (indigenous people) leaders and the local media” he said.
Surseco II has been rated AAA with 99 percent collection efficiency. It has consistently earned praise from NEA alongside other ECs in Caraga for its ability to bounce back from any adversity such as the 6.5-magnitude earthquake that hit the Surigao provinces last February.