DESPITE DAVAO LIGHT EXPANDED FRANCHISE, NORDECO TO CONITINUE SERVING DAVAO DEL NORTE, IGACOS

NORDECO FRANCHISE IS YET TO EXPIRE IN 2028 FOR DAVAO DEL NORTE AND IN 2033 FORTHE ISLAND GARDEN CITY OF SAMAL

OFFICIAL STATMENT

The NorthernDavao Electric Cooperative, Inc. (NORDECO) remains steadfast in its commitment to serveits Memebers-Consumers-Owners (MCOs) as mandated in Presidential Decree No. 269 despite the approval of House Bill 10554 for the Third and Final Reading on May 22, 2022 by the Senate.

NORDECO whoaw franchise is yet to expire in 2028 for the mainland ( and 2022 for the Island Garden City of Samal, shall continue to operate as the distribution utility under its franchise coverage area and shall continue to implement projects and programs to avoid unnecesary disruption of power supply and services in the provinces of Davao de Oro and Davao del Norte.

We are asking for the continuing support of our Members-Consumers-Owners (MCOs).

NORDECO MANAGEMENT

May 31, 2022

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