Negros Electric and Power Corporation (Negros Power) is encouraging Central Negros Electric Cooperative (CENECO) employees to apply if they wish to continue working in an electric distribution utility.
The Negros Power reminder on Monday, February 26, came as the House of Representatives prepares to send House Bill 9805 to the Senate for adoption. The approved bill seeks to grant Negros Power a franchise to operate electricity distribution in Central Negros, a press release from the firm said.
The approved bill will pave the way for a joint venture between CENECO and Primelectric Holdings, the parent company of Negros Power.
Under the terms of this partnership, CENECO employees will be given priority consideration for positions within Negros Power’s workforce, but they must formally apply to express their interest, the press release said.
Negros Power President Roel Castro clarified that there is no automatic rehiring provision, as some employees may choose to retire or pursue other opportunities after receiving separation benefits from CENECO. Thus, those interested in continuing their employment must apply to be considered, he said.
So far more than 200 CENECO employees have submitted their applications to Negros Power and are now being processed, the press release said.
Castro emphasized the urgency of preparing the workforce for a smooth transition and instructed their Human Resource Department Manager to initiate the hiring process promptly.
Primelectric Holdings, through Negros Power, will acquire CENECO’s distribution assets for 70 percent cash and 30 percent in shares.
CENECO will use these funds to settle debts, refund consumer bill deposits, and fulfill separation obligations to the employees outlined in their collective bargaining agreement, the press release said.
Negros Power aims to commence operations in Bacolod, Bago, Silay, Talisay, and the municipalities of Murcia and Don Salvador Benedicto once the franchise law is approved and the Energy Regulatory Commission grants a Certificate of Public Convenience and Necessity.*