Marcos OKs franchise bid of LEYECO II

President Ferdinand ''Bongbong'' Marcos Jr. has approved the franchise bid of Leyte II Electric Cooperative (LEYECO II) which aims to ensure the power supply in parts of Leyte.

Signed on August 9, 2024, Republic Act 12017 grants LEYECO II the franchise.

This will allow them “to construct, install, establish, operate, own, manage and maintain in the public interest and for commercial purposes, a distribution system for the conveyance of electric power to the end-users in the City of Tacloban and Municipalities of Babatngon and Palo, Province of Leyte.”

The Presidential Communications Office said that in 2022, LEYECO II was recognized by the National Electrification Administration (NEA) as one of the most outstanding electric cooperatives in the country.

The said award was attributed to the “AAA” rating, which the cooperative received in the 2021 overall performance assessment and the successful implementation of its mandate on rural electrification program

The cooperative is also one of the power groups offering the lowest power rates in the region, the PCO said. — Anna Felicia Bajo/RSJ, GMA Integrated News