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LEGAZPI CITY — Starting the first week of March, Albay Electric Cooperative, now renamed as Albay Power Energy Corporation (APEC), will be under the management of San Miguel Electricity Corporation.
Newly installed general manager Alan Marchan said after the audit on management, technical and operations last January, SMC fully take over the operation of Aleco.
On Tuesday, Marchan said the SMEC is committed to assist in transforming the cooperative (sic!) into an efficient and reliable power distribution utility.
The APEC chief said that based on the audit, their company’s priority program will be to bring down the systems loss to the allowable rate of 13 percent from the current 26 percent systems loss or Php 32.5 million in power losses.
The APEC will also upgrade its existing power sub-stations and distribution lines by substituting new equipment and clearing barriers in various distribution lines.
He said 11 Bayad Centers in the 15 towns and three cities of the province will be set up.
Marchan said the cooperative’s current collection efficiency is only 50 percent, claiming that its monthly power bill payable is placed at Php 200 million while it can only collect Php 100 million.
He noted that P18-million collectibles from the Barangay Power Associations in the third district of the province remains uncollected while a military detachment in the province has outstanding power bills for over two decades now.
In the campaign against power pilferage, Marchan said 3,500 new electric meters have been installed while another 15,000 meters are scheduled to be set up in March in households with defective meters.
Of the 504 employees of Aleco, 279 lost their jobs thru retirement, or settled for a severance pay. (from PNA report by Mar S. Arguelles)