Dear Councilor Paglumotan;
Greetings from Power Watch-Negros!
We would like to bring to the attention of your Committee the issue on the proposed Memorandum of Agreement (MOA) between the Central Negros Cooperative (CENECO) and Aboitiz Power Corporation (Aboitiz). This MOA if finally signed by both parties, will ultimately lead to the privatization of CENECO, an electric cooperative in which we, the consumers are presumed to be the collective owners. This MOA was initiated by the CENECO Board of Directors without sufficient consultations with the majority of CENECO consumers, the CENECO Board of Directors failed to disseminate to the consumers what would be the impact of this MOA on the policy direction of CENECO.