• GILBERT P. BAYORAN
The franchise being sought by the Negros Electric and Power Corp. (NEPC) got preliminary approval from the House committee on Legislative Franchise, during its hearing on November 13, at the Batasan Complex in Quezon City.
This landmark decision, according to NEPC, follows a comprehensive review of the initiative presented by four Negrense lawmakers, including Representatives Stephen Joseph Paduano, Juliet Marie Ferrer, Jose Francisco Benitez, and Greg Gasataya.
Chaired by Rep. Gus Tambunting, the Committee engaged in robust discussions on House Bill 9310, which outlines the transfer of the franchise from the Central Negros Electric Cooperative (CENECO) to NEPC.
The scope of the franchise encompasses the cities of Bacolod, Bago, Silay, and Talisay, along with the Municipalities of Murcia and Don Salvador Benedicto.
During the deliberations, the Negrense representatives underscored the urgency of NEPC’s intervention, citing the financial struggles faced by CENECO.
These challenges stem from a shortage of Capital Expenditures, crucial for the modernization of existing facilities.
Noteworthy figures from both NEPC and CENECO, along with representatives from the National Electrification Administration, Energy Regulatory Commission, and Securities and Exchange Commission, were present at the hearing.
A focal point of the discussions was the Joint Venture Agreement (JVA), emphasizing the conduct and outcome of its ratification through a plebiscite. The majority of consumers cast their votes in favor of the JVA, further solidifying the rationale behind the transition.
In conclusion, the committee approved, in principle, the proposed house bill.
Approval is however contingent upon the submission of specific documentary requirements.
NEPC President Roel Castro said that they would submit the documents and answer in writing the issues raised by some committee members.*
