The Board of Directors and management of NUVELCO, in full force, meet with San Miguel Energy Corporation (SMEC) to discuss possibilities to reduce generation rate passed-on to the cooperative. 

In almost three (3) hours of full discussion and airing of sentiments particularly on the plights of the member-consumer-owners (MCOs) of NUVELCO, SMEC assured that they will continue their effort to reduce the generation rate. 

It can be recalled that last December 2022, a meeting was conducted between NUVELCO and SMEC which resulted in a reduction of power rate passed-on to NUVELCO.