Friday, December 5, 2014

REFERENDUM GUIDES ON ELECTRIC CO-OP CONVERSION





All remaining non-stock ELECTRIC COOPERATIVES (ECs)  in the country will be able to facilitate the conduct of a referendum among its member-electricity consumers, to determine whether the ECs should convert or not into stock cooperatives/corporations.



This is following the approval last October 28, 2014 (and publication of the guidelines last December 5, 2014,in Philippine Star) by the National Electrification Administration (NEA) of said guidelines, entitled: "Guidelines In the Conduct of Referendum For Electric Cooperative Conversion."


REFERENDUM MANDATED
UNDER R.A. 10531



Section 25-A of the Implementing Rules and Regulations of R.A. 10531 mandates that all remaining non-stock ECs conduct a referendum to determine whether it should:


1.  Remain as non-stock, non-profit EC under the NEA;

2.  Convert into stock cooperative under the CDA (Cooperative Development Authority); or

3.  Convert into stock corporation under the SEC (Securities and Exchange Commission).


CONVERSION, REFERENDUM
ARE DEFINED



Conversion, as defined in the guidelines, refers to a change in the corporate structure of an Electric Cooperative, from a non-stock, non-profit, to either a stock cooperative, or a stock corporation.



Referendum is the electoral process where  member-consumers of Electric Cooperatives register their votes, through secret balloting, on the conversion options under R.A. 10531 and its Implementing Rules and Regulations.



MASSIVE INFO CAMPAIGN
PRIOR TO REFERENDUM 



Moreover, according to the guidelines, prior to the referendum, the EC Board of Directors and Management shall undertake, in coordination with the the Department of Energy, NEA, CDA, SEC, PHILRECA, PHILFECO a massive information-Education and Communication campaign at the district level within the EC coverage area.



This will be on the importance of R.A. 10531 and the IRR, the options for conversion; advantages and disadvantages; and other related matters through a series of District Meetings.



These District Meetings may be held simultaneously, holding meetings on the same day at various venues (barangays); or sequentially, holding meetings one after the other in different days and in different venues (barangays), the guidelines said.  (END). 


No comments:

Related Posts with Thumbnails