140:(CENECO). Under the agreement, Primelectric acquired more than PHP2 billion worth of assets from CENECO, as well as having a 70 percent stake in cash generated from the company. Roel Castro, the president of NEPC, iterated that at least 220 employees have expressed their intention to join NEPC. Castro later said that NEPC’s joint venture with CENECO was aimed to modernize and rehabilitate the energy distribution system in the affected areas. In a plebiscite held between June to August last year, over 55 percent of Ceneco consumer members ratified the joint venture agreement between the two companies. NEPC also established a five-year plan to rehabilitate and modernize the electric infrastructure in its franchise area.
209:"House Bill No. 9805 - AN ACT GRANTING NEGROS ELECTRIC AND POWER CORP. A FRANCHISE TO ESTABLISH, OPERATE, AND MAINTAIN, FOR COMMERCIAL PURPOSES AND IN THE PUBLIC INTEREST, A DISTRIBUTION SYSTEM FOR THE CONVEYANCE OF ELECTRIC POWER TO THE END-USERS IN THE CITIES OF BACOLOD, SILAY, TALISAY, AND BAGO AND THE MUNICIPALITIES OF MURCIA AND DON SALVADOR BENEDICTO, ALL IN THE PROVINCE OF NEGROS OCCIDENTAL, AND ENSURING CONTINUOUS AND UNINTERRUPTED SUPPLY OF ELECTRICITY IN THE FRANCHISE AREA"
152:
Currently, Negros Power is applying for a certificate of public convenience and necessity from the Energy
Regulatory Commission (ERC) in order to officially commence its operations, which are projected to begin in the third quarter of 2024. Castro later elaborated that Negros Power has prepared the
148:
On
February 22, 2024, House Bill 9805 was filed by representatives Joseph Paduano, Juliet Ferrer, Francisco Benitez, Greg Gasataya, and Gustavo Tambuting, which details the scope and extent of administration that is held by both Primelectric and CENECO. The House Bill later passed the third reading
165:
Being one of the three major electricity distributors in Negros
Occidental, Negros Power serves the highly-urbanized city of Bacolod, the component cities of Bago, Silay, and Talisay, and the municipalities of Don Salvador Benedicto and Murcia. Since the company takes ownership of the assets of
156:
Two transformers were commissioned in
Bacolod to stabilize the city’s power, which came less than a week after a power outage, caused by the breakdown of a transformer in the Alijis substation, affected at least 48,000 consumers in the city, particularly in the barangays of Alijis, Mansilingan,
166:
CENECO under the joint venture agreement, it has feeders situated in Alijis, Asedes-Gonzaga, Reclamation, Burgos, Mountain View, Talisay, Panao-Gao, Lopez, Murcia, Sum-ag, and
Hilangban, which relay the electricity to a couple of areas within the company’s franchise territory.
153:
offices, materials, and equipment needed for its upcoming operation in August, and will establish a temporary office on the second floor of
Robinsons East on Burgos Street. The company also hired more than 200 employees formerly under CENECO to comprise its various units.
149:
on May 20, 2024 with an overwhelming 22-1 vote in the Senate. Two months later, on July 26, 2024, President
Bongbong Marcos signed Republic Act No. 12011, which grants Negros Power a franchise to operate within the territory previously administered by CENECO for 25 years.
383:
378:
373:
137:
363:
83:, is an electric power distribution company in the Philippines. One of the three major electric power distributors in
368:
92:
104:
38:
236:
100:
108:
112:
84:
128:
Negros Power was created as a joint venture between
Primelectric Holdings Inc. (the owner of
261:
311:"2 newly commissioned transformers stabilize Bacolod power supply | Philippine News Agency"
208:
55:
28:
357:
87:, it was incorporated on July 31, 2024 to supersede CENECO. It serves the cities of
133:
129:
65:
335:
310:
285:
183:
88:
286:"Negros power firm gets franchise, seeks ERC nod to start operations"
184:"New central Negros power distributor seen to start operation by Q3"
96:
237:"House Bill No. 9805 - NEGROS ELECTRIC AND POWER CORPORATION"
336:"CENECO Feeders - Central Negros Electric Cooperative, Inc"
132:, another electric company under Primelectric that serves
64:
54:
44:
34:
24:
16:Electric company in Negros Occidental, Philippines
8:
19:
384:Electric power companies of the Philippines
18:
175:
77:Negros Electric and Power Corporation
20:Negros Electric and Power Corporation
7:
379:Companies based in Negros Occidental
138:Central Negros Electric Cooperative
14:
111:, all of which are situated in
60:Prime Strategic Holdings, Inc.
50:Roel Castro, President and CEO
1:
103:, and the municipalities of
70:Primelectric Holdings, Inc.
400:
374:Companies based in Bacolod
364:Energy in the Philippines
241:Senate of the Philippines
216:Senate of the Philippines
124:Joint venture with CENECO
262:"Republic Act No. 12011"
157:Felisa, and Handumanan.
144:Franchise and operations
315:Philippine News Agency
290:Philippine News Agency
188:Philippine News Agency
109:Don Salvador Benedicto
79:, or simply known as
21:
369:Negros Occidental
338:. 9 December 2020
113:Negros Occidental
85:Negros Occidental
74:
73:
39:Power distributor
391:
348:
347:
345:
343:
332:
326:
325:
323:
321:
307:
301:
300:
298:
296:
282:
276:
275:
273:
271:
266:
258:
252:
251:
249:
247:
233:
227:
226:
224:
222:
213:
205:
199:
198:
196:
194:
180:
22:
399:
398:
394:
393:
392:
390:
389:
388:
354:
353:
352:
351:
341:
339:
334:
333:
329:
319:
317:
309:
308:
304:
294:
292:
284:
283:
279:
269:
267:
264:
260:
259:
255:
245:
243:
235:
234:
230:
220:
218:
211:
207:
206:
202:
192:
190:
182:
181:
177:
172:
163:
146:
126:
121:
47:
17:
12:
11:
5:
397:
395:
387:
386:
381:
376:
371:
366:
356:
355:
350:
349:
327:
302:
277:
253:
228:
200:
174:
173:
171:
168:
162:
159:
145:
142:
125:
122:
120:
117:
72:
71:
68:
62:
61:
58:
52:
51:
48:
45:
42:
41:
36:
32:
31:
26:
15:
13:
10:
9:
6:
4:
3:
2:
396:
385:
382:
380:
377:
375:
372:
370:
367:
365:
362:
361:
359:
337:
331:
328:
316:
312:
306:
303:
291:
287:
281:
278:
263:
257:
254:
242:
238:
232:
229:
217:
210:
204:
201:
189:
185:
179:
176:
169:
167:
160:
158:
154:
150:
143:
141:
139:
135:
131:
123:
118:
116:
114:
110:
106:
102:
98:
94:
90:
86:
82:
78:
69:
67:
63:
59:
57:
53:
49:
43:
40:
37:
33:
30:
27:
23:
342:September 7,
340:. Retrieved
330:
320:September 7,
318:. Retrieved
314:
305:
295:September 7,
293:. Retrieved
289:
280:
270:September 7,
268:. Retrieved
256:
246:September 7,
244:. Retrieved
240:
231:
221:September 7,
219:. Retrieved
215:
203:
193:September 7,
191:. Retrieved
187:
178:
164:
161:Service area
155:
151:
147:
127:
81:Negros Power
80:
76:
75:
66:Subsidiaries
25:Company type
134:Iloilo City
358:Categories
170:References
130:MORE Power
46:Key people
35:Industry
136:), and
119:History
93:Talisay
89:Bacolod
105:Murcia
56:Parent
29:Public
265:(PDF)
212:(PDF)
97:Silay
344:2024
322:2024
297:2024
272:2024
248:2024
223:2024
195:2024
107:and
101:Bago
99:and
360::
313:.
288:.
239:.
214:.
186:.
115:.
95:,
91:,
346:.
324:.
299:.
274:.
250:.
225:.
197:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.