The Central Negros Electric Cooperative Inc. (CENECO) has once again been given a Category AAA or Triple A rating by the National Electrification Administration (NEA).
This is based on the recently released results of the Electric Cooperatives (ECs) Overall Performance Assessment and Size Classification for 2021, the utility firm announced on Wednesday, August 3.
The Triple A Category is the highest rating given by NEA to ECs who have performed excellently in their operations, and have been compliant to Financial, Institutional, Technical and Reportorial standards, CENECO said.
For five consecutive years, from 2016 to 2021, CENECO was able to maintain the Triple A status which signifies its remarkable overall performance as an EC serving the principal cities and municipalities in central Negros, it said.
The CENECO Board of Directors, management and staff thanked its member-consumer-owners for their unwavering support to the electric cooperative.*