Category: BOARD OF DIRECTORS and District Elections

Advisories/BOARD OF DIRECTORS and District Elections

CONGRATULATIONS PRES. NONITO M. LABIS FOR BEING RELECTED, ONCE AGAIN, REFC DIRECTOR

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MORESCO-1 proudly congratulates its Board of Directors President, Nonito M. Labis, DVM, for once again, being re-elected DIRECTOR of the Rural Electrification Financing Corporation (REFC).

The REFC, established in 2000 through a collaborative effort involving NEA, PHILRECA, NRECA, and various institutions including USAID and IFC, serves as an alternative financing source for Philippine Electric Cooperatives. Conceived amidst a restructured and reformed electric power industry under the EPIRA Law (R.A. 9136), the REFC’s core mission is to provide supplemental loans to its Member-ECs at competitive lending rates. This support enables ECs to offer reliable, high-quality service while leveraging their equity capital.

Recognizing the additional support needs of its member ECs, REFC expanded its services by establishing the wholly-owned subsidiary, the Rural Electrification Trading Corporation (RETC). RETC is strategically designed to enhance loan packages and provide technology-driven, cost-effective materials, equipment, consulting, and other essential services, with financing support from REFC.

Together, REFC and RETC are committed to becoming the preferred service providers for Philippine ECs, offering assured funding and tailored services. This collaboration not only supports the financial and operational needs of the investor-ECs but also fosters the development of expertise in management, technical, financial, and institutional areas within the Rural Electrification Sector.

(Source: REFC website)

Advisories/BOARD OF DIRECTORS and District Elections

The 2024-2025 MORESCO-1 Board of Directors

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Misamis Oriental-1 Rural Electric Service Cooperative, Inc. (MORESCO-1) is pleased to announce the reorganized its Board of Directors for the year 2024-2025. As a key player in the region’s energy sector, MORESCO-1 remains committed to providing reliable and sustainable electric services to our community. The newly restructured board brings together a dynamic team of experienced professionals, each dedicated to driving the electric cooperative forward in an era of rapid technological advancement and increasing demand for energy solutions.

PRESIDENT DIR. NONITO M. LABIS, DVM Laguindingan District

VICE PRESIDENT DIR. JOY GIL S. MAHINAY Naawan District

SECRETARY DIR. SUSAN M. BACULIO Gitagum District

TREASURER DIR. BON NEIL E. SOFOCADO Libertad District

DIRECTORS

DIR. JOHN DERRICK M. LORONO (El Salvador District)

DIR. EDGAR G. BUHIAN (Initao District)

DIR. RYAN DAVE T. PEREZ (Lugait District)

DIR. BRYAN LUCKY Z. NOBLE (Talakag District}

DIR. DOMIQUE C. ASOK (Manticao District)

DIR. RITCHIE A. VELUZ (Opol and 4 Barangay s of CDO-(Pagatpat, San Simon, Baikingon, Canitoan)

JOVEL B. UBAY-UBAY, P.E.E. (Acting General Manager Ex-Oficio Member)

Together, the Board of Directors embodies MORESCO-1’s commitment to excellence, innovation, and community service. Halfway on 2024 onwards 2025, we are confident that this diverse and talented team will guide us in navigating the challenges and opportunities that lie ahead, ensuring that we continue to light up homes and empower lives across West Misamis Oriental,  and Talakag, Bukidnon.

Note: Alubijid District is under caretaker-ship after two failures of election in 2024. (Admin)

BOARD OF DIRECTORS and District Elections

Ritchie Adaya Veluz Elected as New MORESCO-1 Board Director for District 10 – Opol and 4 CDO Barangays

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Pagatpat, Cagayan de Oro City, June 15, 2024 – MORESCO-1, the Misamis Oriental -1 Rural Electric Service Cooperative, Inc., welcomes a new addition to its leadership as Ritchie Adaya Veluz assumes the role of Board Director representing District 10, specifically the Opol and the four barangays of Pagatpat, Canitoan, San Simon and Baikingon, all of Cagayan de Oro City.

Fifty-one-year-old Veluz, “Popoy” to his close friends , a proud member-consumer-owner hailing from Zone 2 , Upper Baikingon, CDO, brings with him a wealth of experience as community organizer. A graduate of Bachelor of Arts in Mass Communications from Lice de Cagayan University, Veluz was a Community Development Officer  of MORESCO-1 prior to his resignation to vie for the role as Director of his District.

He is married to Marites Mulawan – Veluz  from Camp Philips, Bukidnon and were blessed with 2 children.

The casting of votes were held at Pagatpat National High School with 52 MCOs casting their votes despite the fact that this election was unopposed.

Veluz’s candidacy stood unopposed, as all the other two applicants for the role were disqualified by the Election Screening Committee. The swearing in of Director Veluz was officiated by the lone District Election Committee (DECOM) present Mrs. Imelda Pingoy Galaritta, a retired District Supervisor of Alubijid.

The ceremony was attended a few members of the MORESCO-1 team, including Opol  Service Area Manager Engr. Marlon P. Guinita., Institutional Services Department Manager Edna S. Putian-Diango and MORESCO-1 Acting General Manager Jovel B. Ubay-Ubay.