Monday, May 05, 2008 Consumers group seeks NEA probe into Pelco 2 deal
GUAGUA -- The Consumers Alliance of the Pampanga Electric Cooperative (Pelco) 2 has asked the National Electrification Administration (NEA) to look into the "unauthorized" transaction entered into by the board of directors of the Pelco 2.
The board earlier issued a check voucher to vantage one financing corporation amounting to P135, 360, which, according to Consumers Alliance of Pelco (Cap) 2, was prejudicial to the member-owners of the cooperative.
The transaction reportedly entered into by the cooperative was a loan application with the lending company.
In Resolution 118-05, the board agreed to make the power cooperative as "co-maker" of the officials and employees contracting loans from Vantage One.
"Pelco 2 should not be co-maker but only guarantor, the money of the cooperative is owned by the consumer members and not any official in Pelco 2. There is something wrong here," Cap 2 chairperson Catalina Saplala said.
The group said NEA's hand on the matter could do a lot "to preserve harmony, peace and order in the administration of the cooperative."
In a letter addressed to NEA administrator Edita Bueno, Cap 2 said to preserve the harmony, peace and order in the administration of the cooperative, the watchdog organization is calling on NEA to put those "who deliberately cannot function to render better service" removed or placed under suspension or removed from their positions.
Cap 2 is also appealing on NEA to protect and preserve the properties of the cooperative and to render to the member-owners their rights and privileges under the law.
Pelco 2 is one of the biggest electric cooperatives in the province covering electrical districts of Porac, Guagua, Lubao, Sasmuan, Santa Rita, Bacolor and Mabalacat, as well as some remote Aeta villages in the Porac highlands.
NEA has not answered the letter of Cap 2.
Saplala expressed her belief that NEA "will place the interest on member consumers as main priority." (IOF)
