Category: Miscellaneous

July 4, 2018

 

NEA Statement on the Enactment of Republic Act 11039 (EC Resiliency Fund Law)

 

The NEA welcomes and expresses deep appreciation for the President’s signing into law of Republic Act 11039 or the Electricity Cooperative (EC) Resiliency Fund Law.

 

We believe this new measure reflects the Administration’s commitment to support ECs and member-consumer-owners, as it assures the immediate rehabilitation of power facilities damaged by natural calamities and relieves ECs and MCOs of the financial burden stemming from the cost of reconstruction.

 

We likewise extend our gratitude to Congress, particularly the Energy committees of both the Philippine Senate and the House of Representatives, as the EC Resiliency Fund Law addresses the needs of ECs that require subsidies when disaster strikes.

 

The NEA looks forward to working with Congress and the Department of Budget and Management to ensure that the budgetary requirements of RA 11039 are fully integrated in the 2019 NEA budget. ###

Francis Joseph “Chiz” G. Escudero, a Philippine senator since 2007 to present and former Sorsogon  congressman in the Pillars of the New Republic from 1999 to 2001 shared his vision on 100% energization of the whole Sorsogon province when he delivered his speech at the SORECO II’s 29th Annual Membership Assembly (AGMA).

The senator understood the struggles of SORECO II before obtaining an “A” categorization in 2017 taking into account the drawbacks brought by various fast changing facets in the electric industry and by ravaging typhoons.  He appealed for MCOs to cooperate and support SORECO II in order for the coop to regain its strength thus become more efficient and improve delivery of services to its end users. Senator Chiz discussed his programs on sitio energization. “An sakuyang programa mapa energize an mga dakulang sitios anay, tapos an ibang mga sitios na saday, pasiring na kami sa pagpapahiwas kan mga barangay sites tanganing may options an mga nag iistar sa mga hararayo na sitio na magbalyo o magpabalay sa sentro kan barangay maski didto sinda nag uuma o naglalati, an importante may oportunidad sinda magkailaw,” the guest speaker said.

“Sa parte kan SORECO DOS pinapa-estudyaran ko na kun pano asin gurano an kaipuhan tanganing sa irarom ta na paagihon an gabos na wire kan SORECO,” he added. “Here’s why: We are ravaged whenever hit by typhoons resulting to 2-3 mos downtime until power is restored and the lavish expenses on the coop and government’s part,” he averred.

“An Sorsogon nasa Eastern seaboard kaya nag aagi pirmi an bagyo. Pag nasa irarom na an wires, pag agi san bagyo ma-switch off na lang kita, pag hali kan bagyo ma-switch on na lang kita lain na maapektuhan an serbisyo kan SORECO,” good senator explained. #mpd

To our valued Member-Consumers:

In relation to R.A. 10963 or otherwise known as TAX REFORM ACCELERATION & INCLUSION (TRAIN) Law, SORECO II is required to implement the 12% Value Added Tax (VAT) on Distribution, Supply & Metering (DSM) charges effective this APRIL 2018 billing period.

Thank you.

 

   

This is the new site of SORECO II!

Please be noted that this site is still under construction, thank you for your understanding.