Ex-NEA exec warns vs ‘profit motive’ of Aboitiz firm in taking over Davao electric coop franchise

TAGUM CITY --- A former top executive of the National Electrification Administration (NEA) has urged member-consumers of the Northern Davao Electric Cooperative (Nordeco) to continue raising their voice against the planned entry of the Aboitiz-owned Davao Light and Power Company (DLPC) into its franchise area or else they would fall into the supposed 'profit motive' of the firm. Edgrado Masongsong, secretary general of the National Center of Electric Consumers Cooperative (NCECCO), warned Nordeco member consumers that if they allow DLPC to take over several areas of its franchise, the members would turn into "mere rental payers" of the power distribution company. Unlike private...Keep on reading: Ex-NEA exec warns vs ‘profit motive’ of Aboitiz firm in taking over Davao electric coop franchise

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.