- Advertisement -

By LITO RULONA,
Correspondent

 The Sangguniang Panlalawigan (SP) Committee on Commerce and Industry has given Misamis Oriental II Rural Electric Service Cooperative (Moresco II) three months to shape up or face legislative sanctions.

- Advertisement -

SPs Commerce and Industry chairman Erik Khu said they have given three months for the Moresco II to shape up and correct everything including the imposition of a higher electricity rates to the consumers.

“Aside from a higher electricity rates, dili stable ang ilang supply sa kuryente,” he said.

He said several investors wanted to pour their investments at the first district in the province but they shy away after getting report of unsteady supply of electricity in the area.

Mipasalig ang manager sa Moresco nga ila kining atimanon mao nga gihatagan nato siya og three months nga ilang masulbad ilang problema,” Khu said.

Khu said Moresco II did not prepare any contingency in the event that the Supreme Court (SC) would rule against its petition to grant real property tax exemption.

The SC decision had forced the Moresco II board to loan around P40 million so it could pay its real property taxes that have never been collected for the past 25 years.

Moresco II had earlier filed for tax exemption owing to its status as a cooperative but after a long legal battle, the SC had decided with finality on the issue.

Khu said with this development, the Moresco II would surely be facing more problems when they apply for another loan.

He said his committee would petition the National Electrification Administration to investigate and conduct comprehensive audit on Moresco II.

Disclaimer

Mindanao Gold Star Daily holds the copyrights of all articles and photos in perpetuity. Any unauthorized reproduction in any platform, electronic and hardcopy, shall be liable for copyright infringement under the Intellectual Property Rights Law of the Philippines.

- Advertisement -