NEPC Franchise Secures Green Light from Congress, Transforming Central Negros Power Dynamics

NEPC Franchise - Negros Electric and Power Corporation - Congress - hearing - Bacolod City - CENECO - Central Negros Distribution Utility DU

Last November 13, the House Committee on Legislative Franchises gave its preliminary approval to the franchise proposal presented by Negros Electric and Power Corporation (NEPC). The NEPC franchise is what Bacolod City and Central Negros have been waiting for in order to get better service from an electric distribution utility. This critical decision, following a thorough review led by Negrense lawmakers, including Representatives Juliet Marie Ferrer, Stephen Paduano, Kiko Benitez, and Greg Gasataya, marks a turning point in the power distribution of Central Negros. CENECO is now giving way to NEPC.

Bacolod Business bacolod city Bacolod Energy CENECO Transition Central Negros Development Central Negros Power Dynamics Electric Distribution Energy Optimism Energy Regulation Energy Sector Energy Service Energy Transition House Bill 9310 Joint Venture Agreement JVA Legislative Franchise Negrense Lawmakers NEPC Committee Approval NEPC Congress Approval NEPC Congress Green Light NEPC Franchise NEPC President Roel Castro Power Dynamics Transformation

Let’s review why the NEPC-CENECO JVA is Good

Committee Deliberations on NEPC Franchise

Chaired by Gus Tambunting, the Committee engaged in in-depth discussions and thorough scrutiny of House Bill 9310. The bill outlines the transfer of the franchise from the challenged Central Negros Electric Cooperative (CENECO) to NEPC. The area covered by the franchise includes the cities of Bacolod, Bago, Silay, and Talisay, along with the Municipalities of Murcia and Don Salvador Benedicto.

Key Points Addressed

During deliberations, Negrense representatives passionately pointed out the critical need for NEPC’s intervention, highlighting the financial hardships faced by CENECO. These challenges primarily stem from insufficient Capital Expenditures crucial for the modernization of its existing facilities.

Presence of Stakeholders

Prominent figures from both NEPC and CENECO, alongside representatives from the National Electrification Administration, Energy Regulatory Commission, and Securities and Exchange Commission, attended the hearing. Their presence signified this house bill is of utmost importance and vital to the energy sector of Central Negros.

Focus on Joint Venture Agreement (JVA)

Another focal point of discussions revolved around the Joint Venture Agreement (JVA). There was an emphasis on the conduct and outcome of its ratification through a plebiscite. The overwhelming support of the consumers for the JVA strengthened the basis for the transition.

Committee Decision

After all the discussions and hearings, the committee was convinced to provide an initial approval of the proposed house bill. This approval, however, is contingent on the submission of other specified documents. NEPC President Roel Castro expressed commitment to addressing the concerns raised by committee members through written responses alongside the required documentation.

NEPC Franchise - Negros Electric and Power Corporation - Congress - hearing - Bacolod City - CENECO - Central Negros Distribution Utility DU - House Committee on Legislative Franchises discuss

Implications for Central Negros

This development sparks optimism for the energy landscape in Bacolod City and Central Negros. With the green light, Congress gives NEPC the challenge of bringing innovative transformation to the region’s electric distribution service. This lays the groundwork for positive changes in the energy supply network of the region.

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