Connect with us

Hi, what are you looking for?


NEA says 72% of power co-ops receive top AAA rating

The National Electrification Administration (NEA) said 72% of the 121 electric cooperatives (EC) it oversees received the top AAA rating for financial, regulatory, and operational soundness in the agency’s 2021 EC Overall Performance Assessment.

The NEA said nine ECs were rated AA, five ECs A, seven ECs B, six ECs C and seven ECs D.

It said that the assessment “aims to measure the ECs’ financial, institutional and technical performance, thus determining credit worthiness, level of development, protection, empowerment and satisfaction of member-consumer-owners, and to promote accountability and responsibility in ECs’ compliance and fiduciary obligations.”

Emmanuel P. Juaneza, NEA administrator, said Iloilo Electric Cooperative III (ILECO Ill) among on-grid co-ops and Siargao Electric Cooperative (SIARELCO) in the off-grid category were deemed the top performers in the 2021 assessment.

Regions VI, VIII and CARAGA were also recognized for sustained excellent performance with all their ECs consistently rated AAA.

Region Ill was deemed the most improved region with all of its 14 ECs rated AAA for the first time.

NEA said from 2019, the number of ECs classified as mega-large increased to 79 from 72 while ECs classified as extra large fell to 22 from 28. Large ECs declinedto 14 from 17.

ECs classifid as medium and small were unchanged at two and four, respectively.

NEA said the performance assessment for 2020 was delayed due to the pandemic. — Justine Irish D. Tabile

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like


Various items were reported over the weekend on various social media platforms.  One item we can confirm is the video that was shared where...

Editor's Pick

I just finished an in-person boot camp in Vegas. And I had the chance to sit down with two top students… Jack Schwarze has...

World News

LONDON — The contest to replace British Prime Minister Boris Johnson gathered pace on Sunday as five more candidates declared their intention to run,...

Editor's Pick

Breaking News stocks can jump 50%…100%…even 200% in a matter of minutes. I used to worry about missing out on these runs since I...

Dislaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 All Rights Reserved. Spirit