10 of EV’s electric coops have triple A ratings

CALBAYOG CITY-The Federation of Rural Electric Cooperatives in Region 8 (Frecor-8) with the support from the National Electrification Administration (NEA) recognized the electric cooperatives in the region during the first regional Lumens Awards held on Friday, July 13 here.
The Lumens Awards recognizes the exemplary performance of the electric cooperatives in extending a valued electrification service to their consumers as well as services aside of their electrification duties.
The regional Lumens Awards was initiated to show to the whole country that Region 8 is now doing great, Edgardo Masongsong,NEA administrator, said.
Among the 11 electric cooperatives in the region 10 got the rating of triple A.These are the Don Orestes Romualdez Electric Cooperative, Leyte II Electric Cooperative, Leyte III Electric Cooperative, Leyte V Electric Cooperative, Southern Leyte Electric Cooperative, Biliran Electric Cooperative, Samar I Electric Cooperative, Samar II Electric Cooperative, and Eastern Samar Electric Cooperative.
Leyeco III general manager Allan Laniba, in his state of the electric cooperatives address, said that Frecor-8 is positive that by next year all of the eleven cooperatives including Norsamelco will recieve triple A rating.
Leyeco II, Leyeco III, and Leyeco V were recognized as the only electric cooperatives in the region with the single digit systems loss award.
Laniba further stressed that all of the eleven electric cooperatives in the region are typhoon-resilient.
Soleco and Leyeco IV received an excellence award for consistent A+ and triple A for 10 consecutive years.
Dorelco, Samelco 1 and Belico were acknowledged as the most improved electric cooperatives.
In his message, Calbayog City Mayor Ronaldo Aquino stated that electric cooperatives has an active role in local economic development and in nation-building.
“Many local government units made electric cooperatives as an indispensable partners in the development efforts,” Mayor Aquino said.
Aquino further added that the awards received by the electric cooperatives will help the local government units attract more investors to invest in the locality.
Meanwhile, NEA administrator Edgardo Masongsong was amazed on how Frecor-8 was doing to help electric cooperatives rise especially those which are not doing well.
“I have been pronouncing that we should follow what Frecor- 8 had been doing, in helping the region be the most improved,” Masongsong said.
He further acknowledged the organization for taking over in behalf of NEA in recognizing outstanding performance of the electric cooperatives.
Masongsong added that electricity is essential in development.
“Government agencies should look at electric cooperatives doing the provision of the power so there will be development in each and every locality,” the NEA administrator said.
“This will serve and will definitely encourage other regions to struggle to realize of becoming outstanding EC,” Masongsong added.
He likewise hope to stage another regional Lumens Awards in Eastern Visayas next year.