FIBECO, Inc. is the SOLE Distributor of Electricity in Valencia City, San Fernando, Maramag, Quezon, Don Carlos,Kitaotao, Dangcagan, Damulog, Kibawe, Kadingilan, Pangantucan , and Kalilangan all in the Province of Bukidnon , and Wao, Lanao del Sur for fifty (50) years effective June 17, 1981 by virtue of Franchise Certificate No. 078 issued by National Electrification Administration by Virtue of Authority vested in the Office under Presidential Decree No. 269 dated August 6, 1973.
On December 14, 2005 FIBECO filed a petition with the National Electrification Administration, National Electrification for Renewal of Franchise to Operate and was granted renewal of franchise on June 14, 2006 which extends the expiry of the FIBECO franchise from June 17, 2031 to June 17, 2041.
GOVERNMENT AGENCIES REGULATING ELECTRIC COOPERATIVES:
1. DEPARTMENT OF ENERGY:
Develops and updates the existing Philippine energy program which shall provide for an integrated and comprehensive exploration, development, utilization, distribution and conservation of energy resources, with preferential bias for environment-friendly, indigenous, and low-cost sources of energy. The Secretary of DOE is ex officio chairman of the respective boards of the PNOC, NPC, and NEA, in concurrent capacity unless otherwise directed by the President.The Secretary of DOE may recommend to the President the reorganization of the boards of directors of the PNOC, NPC, and NEA.
2. ENERGY REGULATION COMMISSION:
The power of the NPC to determine, fix and prescribe the rates being charged to its customers under Section 4 of Republic Act No. 6395, as amended, as well as the power of electric cooperatives to fix rates under Section 16 (o), Chapter II of Presidential Decree No. 269, as amended, are hereby transferred to the Energy Regulatory Board. The Board shall exercise its new powers only after due notice and hearing and under the same nature provided for under Executive Order No. 172.
3. NATIONAL ELECTRIFICATION ADMINISTRATION:
Powers, Functions and Privileges of the National Electrification Administration. – supervision over electric cooperatives.
Laws Governing Electric Cooperatives
RA 6038 AN ACT DECLARING A NATIONAL POLICY OBJECTIVE FOR THE TOTAL ELECTRIFICATION
PD 175 (April 14,1973): PRESIDENTIAL DECREE No. 175 April 14, 1973
PRESIDENTIAL DECREE No. 269 August 6, 1973.CREATING THE "NATIONAL ELECTRIFICATION ADMINISTRATION" AS A CORPORATION, PRESCRIBING ITS POWERS AND ACTIVITIES, APPROPRIATING THE NECESSARY FUNDS THEREFOR AND DECLARING A NATIONAL POLICY OBJECTIVE FOR THE TOTAL ELECTRIFICATION OF THE PHILIPPINES ON AN AREA COVERAGE SERVICE BASIS, THE ORGANIZATION, PROMOTION AND DEVELOPMENT OF ELECTRIC COOPERATIVES TO ATTAIN THE SAID OBJECTIVE, PRESCRIBING TERMS AND CONDITIONS FOR THEIR OPERATIONS, THE REPEAL OF REPUBLIC ACT NO. 6038, AND FOR OTHER PURPOSES.
PRESIDENTIAL DECREE No. 501 June 28, 1974.AMENDING CERTAIN PROVISIONS OF PD NUMBER ONE HUNDRED SEVENTY-FIVE, ENTITLED "STRENGTHENING THE COOPERATIVE MOVEMENT", RELATING TO THE REGULATORY POWERS OF THE DEPARTMENT OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT OVER COOPERATIVES
PRESIDENTIAL DECREE No. 1645
- AMENDING PRESIDENTIAL DECREE NO. 269, INCREASING THE CAPITALIZATION AND BROADENING THE LENDING AND REGULATORY POWERS OF THE NATIONAL ELECTRIFICATION ADMINISTRATION AND FOR OTHER PURPOSES
REPUBLIC ACT NO. 9136
- AN ACT ORDAINING REFORMS IN THE ELECTRIC POWER INDUSTRY, AMENDING FOR THE PURPOSE CERTAIN LAWS AND FOR OTHER PURPOSES
REPUBLIC ACT NO. 10531
- AN ACT STRENGTHENING THE NATIONAL ELECTRIFICATION ADMINISTRATION, FURTHER AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 269, AS AMENDED, OTHERWISE KNOWN AS THE “NATIONAL ELECTRIFICATION ADMINISTRATION DECREE”
FIBECO COVERAGE AREA
FIBECO, Inc. is the SOLE Distributor of Electricity in Valencia City, San Fernando, Maramag, Quezon, Don Carlos,Kitaotao, Dangcagan, Damulog, Kibawe, Kadingilan, Pangantucan , and Kalilangan all in the Province of Bukidnon , and Wao, Lanao del Sur.