Ceneco board holds collection of P232-M

CENECO president Roy Cordova stressed that the board of directors should stand for the interest of the consumers-members during a transparency meeting morning of Oct 18, 2017.

BACOLOD City – The board of directors of the Central Negros Electric Cooperative (Ceneco) here passed a resolution suspending the implementation of the Energy Regulatory Commission (ERC) order to recover from consumers the P232-million as payment for un-nominated or unused electricity bought from independent power producer Kepco-Salcon Power Corp. (KSPC).

In implemented, the ERC order would have jacked up monthly bills by P0.0817 per kilowatt hour for a period of 50 months.

Four members of the seven-member Ceneco board approved Resolution No. 11921 holding “in abeyance” the implementation of the ERC decision.

In another resolution, the board also asked the ERC for clarification on the effectivity of its decision.

In a “transparency meeting” on Oct. 18, 2017 here, Ceneco president Roy Cordova pointed out that the ERC order “does not specifically and explicitly directed the exact date, CENECO starts its first payment to power generator Kepco-Salcon Power Corp.”

Cordova assured consumers that they will not implement the order until the ERC has answered their inquiry.

The resolution also cited the motions of reconsideration filed by the Social Action Center of the Diocese of Bacolod and Romeo Lavilla.

The ERC earlier approved the application filed in 2013 for the confirmation of the load factor-based pricing scheme on a monthly reconciliation of the unaccepted contract quantity in the agreement between Ceneco and KSPC.

The order stated that Ceneco is directed to pay KSPC more or less P232,010,090 for the recovery of the unpaid and unaccepted contract quantity from July 26, 2011 to November 25, 2013.

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