ABOUT

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We commit to deliver quality electric service to our customers and to provide strategic partnership with our stakeholders toward socio-economic development in the province

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To be an excellent provider of electric service, compliant with industry standards in the region by 2025

[/et_pb_tab][et_pb_tab title=”Board of Directors” tab_font_select=”default” body_font_select=”default”]

[/et_pb_tab][et_pb_tab title=”Management Staff” tab_font_select=”default” body_font_select=”default”]

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Background

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The MISAMIS ORIENTAL II ELECTRIC SERVICE COOPERATIVE, INC. (MORESCO II) was created pursuant to the provisions of the National Electrification Administration Act (R.A. 6038) as amended by Presidential Decree No. 269. Pursuant to this decree,  MORESCO II was incorporated and registered on October 1, 1976, being the 79th electric coop out of the 119 electric cooperatives in the country. The signing of the First Loan Agreement amounted to P15,680.000 was made on June 6, 1977, and the first town energized on June 25, 1978 was the municipality of Balingasag.

MORESCO II serves the power requirement of Eastern Misamis Oriental, with a coverage area encompassing the municipalities of Jasaan, Claveria, Balingasag, Lagonglong, Salay, Binuangan, Sugbongcogon, Kinoguitan, Balingoan, Talisayan, Medina and Magsaysay and the City of Gingoog.  MORESCO II’s franchise area covers approximately 150,000 hectares.

Formal operations of MORESCO II started on January 3, 1977 with an initial loan of P16.4 million granted by the National Electrification Administration (NEA). That initial investment enabled the coop to penetrate far-flung areas to serve power needs of people to afford them better entrepreneurial opportunities.

On June 25, 1978,  Balingasag town became the first area to have been energized.  Establishment of the MORESCO II backbone system immediately followed and was finished by October 26, 1980.

The coverage area of the cooperative is primarily served through seven (7) substations; the 5 MVA Magsaysay Substation, the 10 MVA Gingoog City Substation, the 5MVA Sugbongcogon Substation, the 5 MVA Solana Substation in Jasaan, the 5 MVA Cogon substation in Balingasag, the 5 MVA substation in Claveria and the 10 MVA Agay-ayan substation also in Gingoog City.

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Franchise Area

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MORESCO II is serving the electric power needs mostly of the eastern portions of Misamis Oriental encompassing the municipalities of Magsaysay, Medina, Talisayan, Balingoan, Kinoguitan, Sugbongcogon, Binuangan, Salay, Lagonglong, Balingasag, part of Jasaan, Claveria and the City of Gingoog.

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Profile of Customers Served

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  As of November 30, 2020, MORESCO II has a total of 103,997 member-consumers composed of residential, low voltage and high voltage consumers.

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