FICELCO drops to Category C in 2016 NEA performance assessment
posted 8-Apr-2017  ·  
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Just as the First Catanduanes Electric Cooperative, Inc. (FICELCO) began the process of hiring anew general manager, the cooperative’s 2016 overall performance rating in the National Electrification Administration assessment fell one rank lower to Category C.

According to the tentative result of the 2016 Electric Cooperative Overall Performance Assessment and Size Classification released by NEA Administrator Edgardo Masongsong early last month, FICELCO garnered a total score of 69.80.

This resulted in a rating of C, which is a rung below the 2015 rating of B when the Marinawa, Bato-based cooperative was run by then General Manager Samuel Laynes. The entire 2016 operations was overseen by officer-in-charge Peter Amaro.

For 2016, three Bicol cooperatives – Camarines Norte Electric Cooperative (CANORECO), Camarines Sur Electric Cooperative I (CASURECO I), and CASURECO III – garnered the coveted triple A rating while only one – CASURECO II – got the B rating.

FICELCO was lumped with other C-rated cooperatives like Sorsogon Electric Cooperative I, SORECO II,  and Ticao Island Electric Cooperative in Masbate. The debt-ridden Albay Electric Cooperative (ALECO) and Masbate Electric Cooperative (MASELCO) were at last place with D ratings.

While the local cooperative got a perfect 30% in the key financial performance standard and 32% out of 35% in Institutional, it garnered low scores in Technical (3% out of a total 30%) and 3.50% out of 5% in Reportorial requirements.

FICELCO’s profitability, maintenance of current and advance payments to power suppliers and NEA, as well as good debt service cover assured it of the maximum 30% in financial parameters.

In the Institutional Parameters, it got only 11 out of the maximum 14% due to demerits on good governance, leadership and management. The performance rating of the Board of Directors was 4 out of a possible 5, with OIC-GM Amaro getting only 3 out of a possible 4.

In Power Reliability or the ability to meet the electricity needs of its customers, FICELCO garnered zero points.

Its System Average Interruption Frequency Index (SAIFI), defined as the total number of sustained customer power interruptions within a given period divided by the total number of customers served within the same period of 12.79 interruptions per consumer per year, within the standard of 30 for off-grid cooperatives.

On the other hand, its System Average Interruption Duration Index (SAIDI), or the total duration of sustained customer power interruptions within a given period divided by the total number

of customers served within the same period, was 1,683.07 minutes, still within the 3,735-minute standard for off-grid cooperatives.

Likewise, FICELCO fell short of hitting the target of 13% in Systems Loss, which is the difference between energy input and energy output. It had an average systems loss for 2016 of 13.23%.

Among the programs being continuously undertaken by the cooperative to improve systems loss include: replacement of defective and malfunctioning meters; pole meter clustering; vegetation management or right of way clearing; line upgrading, line conversion and line rehabilitation; transformer load management which involves load centering of distribution transformers; and, uprating of overloaded distribution transformers.

Among the 121 cooperatives in the assessment, the island cooperative ranked 87th in size and was classified as a Yellow-1 cooperative for non-compliance with not more than three standards and parameters.

The tentative results, for which the cooperatives could request reconsideration, came as FICELCO put out advertisements in its bid to hire a new general manager.

The new GM’s qualifications are: a graduate of Business Administration, Engineering (Electrical, Mechanical, Electronic and Communications), Accounting, Finance, Management or Behavioral Science; with Master’s Degree or Post-Graduate Degree preferred; with at least five (5) years managerial experience in a utility-related business enterprise; computer literate; and, willing to relocate with his or her family to Catanduanes.

The full-time job pays a starting salary of P65,000.00 a month. The deadline for the filing of applications with the Institutional Development Department of the NEA is on April 11.

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