President Ferdinand Marcos Jr.’ s approval of the 25-year franchise for Negros Electric and Power Corporation (NEPC) to manage and operate the electricity distribution system in Central Negros is a welcome development, Negros Occidental Gov. Eugenio Jose Lacson said on Wednesday, July 31.
Lacson said “with the President signing the NEPC franchise and NEPC committing an initial capital of P2 billion for a comprehensive five-year plan aimed at rehabilitating and modernizing our electric infrastructure, we expect a secure power supply, improved power distribution, and better customer service.”
“This is a very welcome development and improvement for our electricity and power-related challenges,” he said.
The law will take to effect 15 days after publication in the Official Gazette or a newspaper of general circulation, allowing NEPC to take over the operations of Central Negros Electric Cooperative (CENECO) in August.
NEPC is a joint venture company between Primelectric Holdings Inc. and CENECO, established to enhance power distribution and customer service for over 220,000 active accounts in the cities of Bacolod, Bago, Talisay and Silay, and municipalities of Murcia, and Don Salvador Benedicto in Negros Occidental., its officials said.*