Company Profile

 

A. Brief History

Recognizing the importance of electricity in the development of the province of Ilocos Norte, on July 07, 1971, Governor Elizabeth Marcos Keon placed the province under the “Rural Electrification Program” being undertaken by the National Electrification Administration (NEA) by virtue of Presidential Decree No. 269 by then President Ferdinand E. Marcos.

On the same date, the Articles of Incorporation of the Ilocos Norte Electric Cooperative, Inc. was signed. With the full support of the government officials pioneered by Governor Keon, backstopped by the Provincial Electric Cooperative Team (PECT) as headed by Chairman Eligio Magpantay, the Ilocos Norte Electric Cooperative, Inc. (INEC) was registered  with NEA under NEC Resolution No. 8 On August 10, 1977. Eight members of the Board of Directors were appointed, representing the originally conceived eight eastern towns of the province as envisioned by the incorporators namely: Mr. Oswaldo Parado of Dingras; Mr. Elficer T. Garcia of Banna; Mrs. Magdalena Mabuti of Marcos; Mrs. Juanita Acnam of Nueva Era; Mr. Julian Bayag of Piddig; Atty. Alipio Flores of Sarrat; Mrs. Trinidad Mata of Solsona and Mr. Jaime Hernando of Vintar. The first General Manager was Col. Teodoro Apostol and the first President was Elficer T. Garcia.

Thus, the coop began its operation with an initial outlay of Php. 15.3 million in materials, a loan from the National Electrification Administration.

The first energization was launched on September 11, 1973, and the first General Annual Meeting was held in 1974 at Dingras.

In 1975, it bought the franchises of four private electric plants in Paoay, Bacarra, Currimao and Batac. In 1977, the coop took over the privately-owned Ilocos Norte Electric Company, thus, the electrification of the entire province was left at the hands of INEC.

1978 was a year of struggle for the coop. There was an acute shortage of construction materials and electrical hardware needed for expansion. Collection was made through bicycles and some consumers paid in kind: chicken, vegetables, rice, etc. However, house connection never stopped and even cynics were surprised to know that in a short period of time, at least 31,311 houses were lighted in September 1978. For this feat, INEC ranked third among the then 121 electric cooperatives in the country as far as house connection.

On January 24. 2006, NEA issued Certificate of Franchise Number 219 to INEC, to wit; for the renewal of the franchised granted under NEC Resolution No. 8, dated August 10, 1977 for a period of twenty five (25) years from the expiry of its original franchise on August 10, 2027 or until August 10, 2052.

As of December 31, 2015, INEC’s service area covers the whole of Ilocos Norte which is composed of 2 cities, 21 municipalities and 557 barangays with 153,503 house connections.


B. INEC Seal

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C. Program Thrusts

OUR VISION

      "To be the preferred Distribution Utility in an open-access environment."

OUR MISSION

      "We are committed to our member-consumers to provide safe, reliable and efficient electric service at a reasonable cost through dedicated officers and employees."

 

OUR CORPORATE VALUES

      I -
ntegrity

      N -
obility

      -
nthusiasm

      -
ustomer-focused


       L -
oyalty

       I  -
ndustry

       G - od-centered

       H -
onesty

       T -
eamwork

       S -
ociability 

OUR OBJECTIVES

            1. Formulate investor friendly policies
            2. 
Reduce systems loss to a single digit
            3. 
Maintain 100 % collection efficiency
            4. Protect the welfare of the member-consumers and
            5. Develop committed and productive employees

 

OUR MOTTO

          "Kinapudno ti Pagrukudan"