MisOcc Governor graces 38th AGMA of MOELCI-II, extends vital support to over 5,000 attendees
TUDELA, Misamis Occidental -- Governor Henry S. Oaminal
graced the 38th Annual General Membership Assembly of Misamis Occidental II
Electric Cooperative, Inc. (MOELCI-II) as a guest speaker on June 9, 2024, at
the MOELCI-II Multi-Purpose Gym. The event, themed "MOELCI II: Yawe sa
Kahayag ug Kalambuan," drew an impressive 5,421 member-consumer-owners
(MCOs).
During his speech, the governor shared exciting news for the
MCOs of MOELCI-II, announcing that under new management and membership, the
cooperative's earnings have increased, potentially leading to reductions in
electricity prices.
“We have a gross margin of profit in 2023 of ₱158,300,000
compared to ₱68 million in 2022, despite operating expenses and administrative
costs. The cooperative spent over ₱161 million, resulting in a deficit of only
₱2,728,059.00 for 2023, compared to ₱43 million in 2022,” he said.
Governor Oaminal commended MOELCI-II’s management and Board
of Directors for their significant achievements in 2023. He acknowledged their
efforts in advancing the cooperative's goals and serving the community.
"I commend the management and directors for their
leadership. Thank you for your service, honesty, and sincere efforts as
partners in progress. The management of MOELCI-II has improved due to our new
directors who are managing our cooperative," Oaminal said.
The more than 5,000 consumers in attendance were overjoyed
and pleasantly surprised by the governor's announcement of ₱2,000 in cash
assistance as social services from the provincial government.
This aid was secured through Governor Oaminal’s initiative
to obtain funds from the national government, under the leadership of President
Bongbong Marcos with the support of Speaker Martin Romualdez.
The assembly also honored the top 10 Prompt Payors for 2023 among large load consumers, which included: Third Millennium Oil Mills, Inc., Jimenez town, Mayor Hilarion A. Ramiro Sr. Medical Center in Ozamiz, Gaisano Ozamiz City, Novawood Forest Industries in Clarin, OZAMCO Manufacturing in Ozamiz, Taipan Development Corporation in Ozamiz City, ICC La Salle, Ozamiz City, Medina General Hospital, Ozamiz City, Tobias Feliciano Faith General Hospital, Inc., Ozamiz City, Alaska Ice Plant & Oil Mill.
The event featured presentations of the BOD President’s
Report and the Treasurer’s Report for 2023. Attendees also enjoyed an exciting
raffle, with various prizes provided by Governor Oaminal and two District
Representatives of the province. (SN/PGMO)
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