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Bacolod City, Philippines Thursday, April 12, 2018
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Ceneco defers AGMA to June 30


Members of the Board of Directors of the Central Negros Electric Cooperative passed a resolution Tuesday deferring the Annual General Membership Assembly slated April 28, to June 30, Ceneco president Roy Cordova said yesterday.

Cordova said the board of directors deferred the AGMA after receiving Memorandum No.2018-009 issued by the National Electrification Administration in relation to the conduct of the synchronized Barangay and Sangguniang Kabataan (SK) elections on May 14.

He said that, based on the memorandum, if activities like the AGMA fall on the same month as the barangay election, they should be held in June, and not May.

Cordova said the memorandum provides that the AGMA may be deferred should the Board of Directors, in its discretion, find that its conduct may affect, or may be affected by the political activity.

He said the memorandum issued by NEA administrator Edgardo Masongsong to all electric cooperatives, dated Feb. 5, stated that the conduct of barangay and SK elections necessarily calls for the deferment of the elections of the electric cooperative to avoid any possible confusion among the electorate in the event that their elections are held within the same month of May.

Meanwhile, the referendum on the conversion of Ceneco will be one of the issues to be tackled during the Annual General Membership Assembly of the electric cooperative on April 28.

NEA had directed Ceneco to hold a referendum this year for the consumers to decide if they want the electric cooperative to be under the Cooperative Development Authority, be registered with the Securities and Exchange Commission, or to remain under the NEA.

Murcia and Silay City had earlier passed separate resolutions supporting the retention of Ceneco as an electric cooperative under NEA.

The elected directors of Ceneco will take their oath during the AGMA.

They are incumbent Ceneco director Jojit Yap and incumbent Ceneco vice president Dwight Carbon, who are the official candidates of districts III (Bacolod Central) and VII (municipalities of Murcia and Salvador Benedicto), and Beda Tumbos for District II (Bacolod South), who all ran unopposed.*CGS


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