By Alena Mae S. Flores | Posted on Feb. 05, 2013 at 12:01am
The Energy Department asked the board of Abra Electric Cooperative to comply with certain conditions of its financial rehabilitation or face a possible management takeover.
Energy Secretary Carlos Jericho Petilla told reporters he concluded a meeting with the stakeholders to discuss Abra Electric’s repeated failure to settle its obligations.
Petilla said Abra Electric was disconnected by Aboitiz Power Corp.’s subsidiary AP Renewables Inc. on Jan. 24 for five hours until the local government unit of Abra paid P4.7 million.
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