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COOPERATIVE PROFILE

(As of December 31, 2014)

Seat of Headquarters/ Main Office

Sagadan, Poblacion, Tubod, Lanao del Norte

Coop Head Headquarters Site Donor

The Heirs of Don Rufo Lao dela Cruz

Founding Father of LANECO

Provincial Governor Arsenio A. Quibranza

First Board President

Manuel V. Pangilinan

First General Manager

Demosthenes B. Dingcong

Provincial Electric Cooperative Team Chairman

Jose A. Camacho, Jr.

Date of Completion of Feasibility Studies

1971

Date of Registration & Incorporation

May 27, 1972

Source of Power

National Power Corporation, FDC, KEGI

Date of Start of Operation

January 1, 1973

Date of First Backbone Line Construction

September 16, 1974

Date of First Energization Ceremony

December 30, 1974

Venue of First Energization Ceremony

Poblacion, Bacolod, Lanao del Norte

First Municipalities Energized

Linamon, Kauswagan and Bacolod

Date of Completion of Backbone Line Construction

March 1, 1977

Date of First District Election

April 19, 1977

Date of First Annual General Membership Assembly (AGMA)

May 27, 1977

First AGMA Guest of Honor

Honorable Emmanuel N. Pelaez                                                         Father of Philippine Rural Electrification Program

Date of First Amortization of First Loan

March 1980

Date of First Amortization of Second Loan

February 1982

Sister Electric Cooperative in Prosser, Washington, U.S.A.

Benton Rural Electric Association (Benton REA)

Date of Endorsement of the Sister Coop Relationship Between LANECO & Benton REA by the National Rural Electric Cooperatives Association (NRECA) of U.S.A.

December 30, 1982

Date of Provisional Registration with the CDA

March 29, 1993

Coop Classification

Mega Large

No. of Branch Offices Established

6

No. of Districts Served

12

No. of Employees

136

No. of Consumers Served Per Employee

646

No. of Municipalities Within the Franchise Area

18

No. of Energized Municipalities Within the Franchise Area

18

No. of Potential Connections

110,091

No. of Connections Served

85,075

Percentage of Accomplishment

77%

No. of Potential Barangays

410

No. of Energized Barangays

401

No. of Barangays Served Outside the Franchise Area

6

Percentage of Accomplishment

98%

No. of Members

78,800

Average Rate per KWH

3.76

Collection Efficiency

97%

Average Collection Period

44 days

Power Bill Payment to NPC

279,847,119

Energy Sales

399,465,103

Kilowatt-hours Purchased

76,550,305

Kilowatt-hours Sold

64,182,157.80

System Loss

16.06%

Kilometers of Lines Built

3,567.615

Megawatt Load (Averaging)

14.581

Load Factor (%)  

62.65%

Power Factor (%)

99.53%

Substation Capacity

20 MVA

Total No. of National Recognitions Garnered

64