MOELCI-II settles ₱15.4M obligation to Ozamiz City; Mayor Indy highlights importance of reform and good governance

 


Ozamiz City, Misamis Occidental – In a significant financial breakthrough, the Misamis Occidental II Electric Cooperative, Inc. (MOELCI-II) has fully paid its ₱15,466,237.67 unpaid obligations to the City Government of Ozamiz.

Mayor Henry “Indy” Oaminal Jr. announced the development through his official social media account, expressing gratitude to MOELCI-II’s Board of Directors, headed by President Mayeth Romero Sy, Vice President Pempe Deguilmo, and Project Supervisor Cesar Faeldon.

"This payment of the cooperative’s dues to the city is but another sign of that, as this will definitely translate to Php 15,466,237.67 worth of more services, programs, and projects for all Ozamiznons,’’ said Mayor Indy.

According to the Mayor, when he, Governor Henry S. Oaminal, and Congressman Ando Oaminal assumed office in 2022, MOELCI-II was among the province’s biggest operational concerns—plagued by poor service, frequent power interruptions, electricity rates soaring above ₱17/kWh, and multiple unpaid liabilities accruing interest.

To address these challenges, local leaders worked to help install credible and community-driven private sector leaders into the cooperative’s board. Since then, the cost of electricity has been significantly reduced to around ₱11/kWh—cutting ₱6/kWh off residents’ bills.

“MOELCI II has a lot more improvement to do, including decreasing the number of power interruptions and further decreasing electricity costs. But I believe it is already in the right path with good people in charge,’’ Mayor Indy emphasized.

The city government views this payment as both a financial recovery and a result of ongoing reforms within MOELCI-II, showing that honest leadership and collaboration can lead to real improvements for the public.(SN/PGMO)

 

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