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Home arrow ULAT Kooperatiba arrow January-February 2015 arrow NON-STOCK, NON- PROFIT EC: STILL THE BEST

 
NON-STOCK, NON- PROFIT EC: STILL THE BEST   Print  E-mail 

In connection with the current issue regarding the conversion of Electric Cooperative (EC) from non-stock to stock cooperative under Cooperative Development Authority (CDA), we would like to furnish you of some information.

The primary purpose for the organization of EC is based on the three (3) premises as follows:

To provide electricity for all the people; The electric power shall be adequate, reliable and of high quality; and The cost of electricity shall be reasonable.

These can only be achieved through non-stock, non-profit EC – the real and ultimate goal of our electric cooperative.

Judging from above premises and taking into consideration the achievements of PENELCO in making Bataan first province in the entire country to have energized all barangays, receiving citations and awards as “Most Outstanding Electric Cooperative” and imposing the lowest rates in Luzon, PENELCO has served well the people of Bataan.

We believe in the saying “Primum Non Nocere”, meaning as PENELCO, which is a non-stock, non-profit EC and is operating very well at its present structure, why do we have to change it. If a person is not sick, why do we have to give him medication, or even far yet an operation?

The non-stock, non-profit EC has adequate power supply and lower rate than stock cooperative. This encourages more investors that would open greater opportunities to populace and uplift the standard of living in the rural area. Meanwhile, stock cooperative have to raise their rates in order to have dividends. Worse, it will not risk constructing more Service Centers that are convenient to all member-consumers.





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