The House Committee on Legislative Franchises approved House Bill 5215 granting the franchise application of Leyte II Electric Cooperative (Leyeco II) on November 14.
House Bill 5215 seeks to grant a Congressional franchise to Leyeco II to provide electric power distribution systems in the municipalities of Babatngon and Palo, Leyte and the highly-urbanized city of Tacloban.
Assistant Minority Leader Sergio Dagooc, delivering the sponsorship speech of the said measure, declared that it is “imperative” to approve the franchise application of LEYECO II, with a notable distinction as one of the top-performing electric cooperatives in the country while obtaining a “AAA” rating from the National Electrification Administration.
“Since 1978, LEYECO II has provided exceptional services to the municipalities of Babatngon and Palo with a combined population of over 100,000 and the city of Tacloban with a population of over 250,000. LEYECO II’s exemplary performance is evident from its accomplishments. LEYECO II has attained 100% barangay energization within its franchise area, providing electricity to more than 80,000 households and servicing more than 300,000 Filipino end-consumers,” AML Dagooc said.
The Bill is principally sponsored by House Speaker Ferdinand Martin Romualdez, TINGOG Party-List Representatives Yedda Marie Romualdez and Rep. Jude Acidre, and Power Bloc solons, PHILRECA Party-List Representative Presley De Jesus and APEC Party-List Representative Sergio Dagooc. (PR)