Securing a Smooth Transition: Negros Power Prioritizes Ceneco Employees and Prepares for Launch in Central Negros
Negros Electric and Power Corporation (Negros Power) is extending an olive branch to Central Negros Electric Cooperative (CENECO) employees, encouraging them to apply for positions within their company. This Employment Opportunities to Ceneco Employees comes amidst the anticipated passage of House Bill 9805, which grants Negros Power a franchise to operate electricity distribution in Central Negros.
A New Chapter for Electricity Distribution in Central Negros
The legislation paves the way for a significant shift in the local energy landscape. Upon its passage, a joint venture will be established between CENECO and Primelectric Holdings, the parent company of Negros Power. This collaboration aims to streamline operations and potentially enhance the efficiency of electricity distribution in the region.
Prioritizing CENECO’s Expertise: A Smooth Transition for All
Recognizing the valuable experience and skillset of CENECO’s workforce, Negros Power is prioritizing consideration for their employees during the hiring process. However, President Roel Castro emphasizes that “there is no automatic rehiring provision.” He acknowledges that some employees may choose to pursue retirement or explore other opportunities after receiving their separation benefits from CENECO.
Castro encourages interested individuals to formally apply, stating, “Sana they will consider na magtrabaho pa sa bagong distribution utility company, sayang ang skills at familiarity nila [I hope they consider continuing their work in the new distribution utility company, their skills and familiarity are valuable].” This indicates an understanding of experienced personnel’s crucial role in ensuring a smooth transition and maintaining operational efficiency.
As of today, over 200 CENECO employees have taken the initiative and submitted their applications, demonstrating their interest in contributing to the evolving energy sector in the region. This proactive response underlines the potential for a seamless transition and signifies the trust some employees have in Negros Power’s vision and leadership.
Preparing for the Future: Streamlining Operations and Ensuring Continuity
To further facilitate a smooth transition, Castro has emphasized the urgency of preparing the workforce. He has instructed the Human Resources Department to initiate the hiring process promptly. This proactive approach demonstrates a commitment to minimizing disruption and ensuring continuity of service for consumers.
Financial Implications and Investment in the Future
Under the terms of the joint venture, Primelectric Holdings, through Negros Power, will acquire CENECO’s distribution assets. The acquisition will be financed through a combination of 70% cash and 30% shares. These funds acquired by CENECO will serve multiple purposes, including settling existing debts, refunding consumer bill deposits, and fulfilling separation obligations outlined in the employee collective bargaining agreement.
Looking Forward: Building a Brighter Future for the Region
Negros Power’s commitment to commence operations in key areas like Bacolod, Bago, Silay, Talisay, and the municipalities of Murcia and Don Salvador Benedicto underscores their intent to serve the entire region. However, the commencement of operations hinges on two crucial approvals: passing the franchise law and issuing the Certificate of Public Convenience and Necessity by the Energy Regulatory Commission.
The changing landscape of the electricity sector in Central Negros presents both challenges and opportunities. While some uncertainties remain, Negros Power’s invitation to CENECO employees, coupled with their commitment to a smooth transition, suggests a positive outlook for the future of electricity distribution in the region. As developments unfold, it will be interesting to observe how this collaboration unfolds and impacts the lives of residents and businesses in Central Negros.
More articles about Negros Power below:
NEGROS POWER GETS CONGRESS APPROVAL: A Brighter Future for Negros Occidental
Empowering Negros: NEPC Granted Franchise Approval in Congress
Congressional Approval Signals NEPC Franchise Advancement in Vital Central Negros Power Dynamics
