TACLOBAN CITY– The management of Leyte II Electric Cooperative (Leyeco II) has announced that its application for franchise renewal passed through the first reading at the Senate.
Engr. Fernan Paul Tan, the general manager of Leyeco II, made this disclosure during the meeting of the representatives of the Association of Leyeco II Active Member-Consumers (Alamco) last Sunday (April 14).
The bill is being sponsored by Senator Grace Poe.
Earlier, the House of Representatives approved the franchise renewal of Leyeco II which serves Tacloban City and the towns of Palo and Babatngon with over 80,000 member-consumers.
“And if we will be lucky enough, Leyeco II will be the first power cooperative to have its franchise approved by the current 19th Congress,” Tan said.
It was learned from the Leyeco II general manager that 29 franchises of electric cooperatives across the country have pending franchise applications before Congress.
According to Tan General Manager out of the 29 Electric Cooperatives Wanting to Renew
It was learned that the bill for franchise renewal was endorsed to the Senate las December 2022.
However, last March 2024, it was approved on its first reading.
Tan said that during the first day of the Senate committee, Sen. Poe said that she did not see any reason why the franchise renewal application of Leyeco II would be denied, considering of its ‘excellent performance.’
Leyeco II has been judged as a Triple AAA electric cooperative for the past seven years in a row. (LIZBETH ANN A. ABELLA)
