The South Cotabato II Electric Cooperative, Inc. (SOCOTECO II) as a non-stock, non-profit missionary electric cooperative under Presidential Decree No. 269 is now facing a current contradiction with the advent of the referendum called for this coming March 2, 2008.
Ang desisyon mo ay kinabukasan ng SOCOTECO II
The decision to convert is best left to the judgment of the member-consumers this coming referendum. The EPIRA law in Section 57 states that electric cooperatives are given the options to:
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PRIOR TO THE ORGANIZATION of non-stock Electric Cooperatives (ECs), supply and distribution of electricity was undertaken by private corporations and companies with profit orientation. The electrification in the rural areas, perceived to be unviable or unprofitable, was never undertaken by these private entities.
This was the reason why these corporations registered under the Philippine Non-Agricultural Cooperative Act supplying electric energy were converted into non-stock cooperatives under Section 32 of Presidential Decree No. 269. These corporations and some local government operated electric systems were taken over by the national government guidance.
PD 269 which is referred to as the “National Electrification Administration Decree” -- is a legacy of the late President Ferdinand Marcos that deliver the total electrification of the Philippines on an area coverage basis being vital to the welfare of the Filipino people and the sound development of the nation. A state policy hereby promote, encourage and assist all public service entities engaged in supplying electric service, particularly the electric cooperatives which are willing to pursue diligently the objective of this decree.
History would tell us 30 years ago that KORELCO was converted into SOCOTECO II – it was a shift from stock private-corporation to non-stock public cooperative. This was done because of the desire of the government national policy on Rural Electrification Program to effect changes and reforms in the social, economic, and political structure of our society during the Marcos regime.
The electrification of the entire countryside is one of the primary concerns of the government in order to stimulate the growth of industry and the economy in general.
With the organization of non-stock, non-profit ECs, missionary electrification was hereby mandated through the implementation of area coverage basis. Thus, even the unviable or un-profitable areas are now certain to experience the benefits of electricity.
After 30-year in service, SOCOTECO II was able to provide electrification to almost 9 municipalities, 1 city and 190 barangays within its area of operation.
SOCOTECO II is good to remain with NEA guidance for the welfare of all.
Ang desisyon mo ay kinabukasan ng SOCOTECO II
The decision to convert is best left to the judgment of the member-consumers this coming referendum. The EPIRA law in Section 57 states that electric cooperatives are given the options to:
- Convert as stock cooperative under the Cooperative Development Authority (CDA).
- Convert as stock corporations under the Securities Exchange Commission (SEC).
- Remain as non-stock, non-profit cooperative under National Electrification Administration (NEA).
******
PRIOR TO THE ORGANIZATION of non-stock Electric Cooperatives (ECs), supply and distribution of electricity was undertaken by private corporations and companies with profit orientation. The electrification in the rural areas, perceived to be unviable or unprofitable, was never undertaken by these private entities.
This was the reason why these corporations registered under the Philippine Non-Agricultural Cooperative Act supplying electric energy were converted into non-stock cooperatives under Section 32 of Presidential Decree No. 269. These corporations and some local government operated electric systems were taken over by the national government guidance.
PD 269 which is referred to as the “National Electrification Administration Decree” -- is a legacy of the late President Ferdinand Marcos that deliver the total electrification of the Philippines on an area coverage basis being vital to the welfare of the Filipino people and the sound development of the nation. A state policy hereby promote, encourage and assist all public service entities engaged in supplying electric service, particularly the electric cooperatives which are willing to pursue diligently the objective of this decree.
History would tell us 30 years ago that KORELCO was converted into SOCOTECO II – it was a shift from stock private-corporation to non-stock public cooperative. This was done because of the desire of the government national policy on Rural Electrification Program to effect changes and reforms in the social, economic, and political structure of our society during the Marcos regime.
The electrification of the entire countryside is one of the primary concerns of the government in order to stimulate the growth of industry and the economy in general.
With the organization of non-stock, non-profit ECs, missionary electrification was hereby mandated through the implementation of area coverage basis. Thus, even the unviable or un-profitable areas are now certain to experience the benefits of electricity.
After 30-year in service, SOCOTECO II was able to provide electrification to almost 9 municipalities, 1 city and 190 barangays within its area of operation.
SOCOTECO II is good to remain with NEA guidance for the welfare of all.
Some of my uncles said that they would not vote. Kapoy na daw. Now, I have something to tell them. Thanks.
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