SEVEN out of nine members of the Member-Consumer-Owners (MCO) Federation register their opposition against the privatization of Central Negros Electric Cooperative (Ceneco) disguised as a joint venture proposal by Ignite Power and Energy Holdings Inc.
Majority of the MCO Fed dissects their position in three points: First being that the proposed JVA poses a threat to the autonomy and independence of Ceneco as a public utility provider owned by member-consumers-owners, second being that the entry of Ignite will raise electricity prices due to the monopoly of electric distribution by the profit-driven electric corporation and third being that the privatization of the electric coop will negatively impact the local economy due to the displacement of workers and loss of revenue if the JVA will be approved.
There is a lack of exhaustion of solutions from the CENECO management to resolve the system loss and the improvement of the delivery of services. The acting general manager is put in the position to put a halt to these problems.
I believed that the concerns could have been addressed prior to the unsolicited JVA proposal.
My question is: what did you do to solve this problem? What was the plan of action that led to the joint venture agreement proposal? Because if there was a genuine effort to better the service, reform within the management should be the best practical solution, not JVA. (MCO Federation president Ernie Pineda)
April 21, 2023
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