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President Ferdinand Marcos Jr. approved the franchise for Negros Electric and Power Corporation to manage and operate the electricity distribution system in Central Negros, guaranteeing continuous and uninterrupted electricity supply across the franchise area.
It was approved by the House on February 21, 2024, amended by the Senate on May 20, 2024, and further concurred by the House on May 22, 2024, before being forwarded to the Office of the President. The National Electrification Administration endorsed CENECO’s decision while instructing priority on loan repayments, and employee retirement and separation benefits payments outlined in their Collective Bargaining Agreements.
Negros Power allocated an initial capital of P2 billion for a five-year plan to rehabilitate and modernize the electric infrastructure, aiming to establish a robust distribution system.
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