Electric Cooperatives are registered with which authority?

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Study for the Supernova Regulatory Framework for Business Transactions Test. Use flashcards and multiple choice questions. Each question has hints and explanations. Get prepared for your exam!

Multiple Choice

Electric Cooperatives are registered with which authority?

Explanation:
Electric cooperatives in the Philippines are overseen by two main government bodies, depending on their status: the Cooperative Development Authority (CDA) registers cooperatives under the Cooperative Code, and the National Electrification Administration (NEA) supervises and finances electric cooperatives and can register ECs under its programs. Because ECs can be formed as cooperatives (registered with CDA) or operate under NEA supervision (registered/recognized there), the correct understanding is that registration can be with either authority. Securities and Exchange Commission is not the registering body for electric cooperatives.

Electric cooperatives in the Philippines are overseen by two main government bodies, depending on their status: the Cooperative Development Authority (CDA) registers cooperatives under the Cooperative Code, and the National Electrification Administration (NEA) supervises and finances electric cooperatives and can register ECs under its programs. Because ECs can be formed as cooperatives (registered with CDA) or operate under NEA supervision (registered/recognized there), the correct understanding is that registration can be with either authority. Securities and Exchange Commission is not the registering body for electric cooperatives.

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