Quantcast
Latest Stories

North Samar power debts reach P500M

By

CATARMAN, Northern Samar—Northern Samar, one of the country’s poorest provinces, faces disconnection from its electricity source after its electric cooperative failed to pay bills worth more than P500 million.

Hector Tabilisma, acting general manager of the Northern Samar Electric Cooperative (Norsamelco), said the Power Sector Assets and Liabilities Management Corp. (PSALM) may terminate its contract with the Norsamelco over the unpaid bills.

Tabilisma said Norsamelco’s supply contract with PSALM expired in December last year but was extended twice.

PSALM may terminate the contract and cut off power supply here anytime since Norsamelco has continued to fail to pay its debt, said Tabilisma.

Tabilisma was assigned to head the cooperative by the National Electrification Administration (NEA) that took over Norsamelco in July 2013 due to its soaring debts.

Other debts

Aside from its more than P500-million debt to PSALM, Norsamelco also owes some P36 million to the National Grid Corp. of the Philippines, at least P2 million to the National Power Corp. and some P38 million in unpaid taxes to the Bureau of Internal Revenue.

The cooperative is also delayed in its payment for a loan from NEA which Norsamelco used for posts, electrical lines and wires for power distribution.

Norsamelco’s financial crisis was attributed partly to its poor collection efficiency.

While it has an average monthly power sales of P41 million, Norsamelco’s actual collection is only P32 million.

Some local government units and commercial establishments are among the delinquent customers, with debts reaching P187 million.

Some officers of the cooperative, including former acting general manager Ramil Mora, have unliquidated cash advances.

Footloose

In the past, Tabilisma said the cooperative spent at least P25,000 in travel expenses for each board member.

Norsamelco, he said, also has to cut down its work force from 200 to 150 employees to save P400,000 monthly.

“We have sent collection notices. If we can collect at least a P100 million from that amount, it will help reduce our payables,”  Tabilisma said.

Norsamelco has also registered an average of P2.7 million in systems loss every month. Only 13 percent of this amount can be passed on to consumers while the bulk has been shouldered by Norsamelco.

Mora’s unliquidated cash advances reached P5 million while five other employees have still to liquidate cash advances involving hundreds of thousands of pesos. Mora also has unpaid electricity bill of P600,000.

Tabilisma said Mora’s cash advance was used for the operational expenses of his office. The new management also imposed a freeze on the travel of the cooperative’s board of directors.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Electricity , LGU debts , News , power , Regions




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. Santiago accuses Lacson of fronting for Enrile, Gigi Reyes
  2. Name names, Lacson told
  3. Santiago: Enrile, Lacson, Reyes plotting massive psywar operation
  4. Slain officer’s ‘diagram’ rocks PNP
  5. Kris Aquino’s ex- close in security named new Air Force chief
  6. Ex-COA chief nabbed for plunder
  7. 12 senators on Napoles ‘pork’ list, says Lacson
  8. Obama: US will defend Japan vs China
  9. Save the queen? Aide takes fall for Enrile, Gigi Reyes
  10. HK apology: Why Estrada and not Aquino?
  1. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  2. 12 senators on Napoles ‘pork’ list, says Lacson
  3. Gigi Reyes pins blame on aide
  4. Estrada: Gigi Reyes won’t testify vs JPE
  5. Bernice Lee arrested by NBI team
  6. Enrile chief aide back in PH ‘to face charges’
  7. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  8. Suspect in Vhong Navarro’s mauling wants to turn state witness – De Lima
  9. Reckless driver endangered lives of Aquino, entourage–report
  10. Lawyer: Napoles ‘will tell all’
  1. MRT passengers pass the hat for 6-year-old Ashley
  2. Rookie, lady cops lauded for quick response to MOA heist
  3. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. 12 senators on Napoles ‘pork’ list, says Lacson
  8. Gigi Reyes pins blame on aide
  9. Cudia, dismissed for lying, got 99% in conduct
  10. Kim Henares needs a reprimand, says Cayetano
Advertisement

News

  • ’30-minute no fly zone’ over NAIA, Palace on Obama arrival, departure—CAAP
  • Seabed search for missing Malaysian jet to widen
  • Lacson rejects calls to name ‘pork’ execs
  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Corruption not invincible after all
  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • Global Nation

  • Filipinos second-shortest in Southeast Asia
  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • Marketplace
    Advertisement