MORESCO 1
The name "Moresco" is an acronym for Misamis Oriental 1 Rural Electric Service COoperative, which was the company's original name up to present.
History
The Misamis Oriental 1 Rural Electric Service Cooperative, Inc. (MORESCO-1) pioneered the country’s rural electrification program in 1968. The following year, the National Electrification Administration (NEA) was formed. This year, as NEA celebrates its 40th anniversary, MORESCO-1 shares its stories of how electricity has made people’s dreams come true.From its humble beginnings in the 1970s serving its first member-consumers—usually nipa huts with one or two light bulbs, and a radio—MORESCO-1 now boasts of a broad range of clientele. Houses have become bigger and stronger, well lit, and with an assortment of electrical appliances. Farmers have been reaping the benefits of post-harvest facilities. Schools have extended class hours way into the night and have added modern research facilities. Industries requiring megawatts of power have sprouted.Four decades later, MORESCO-1 continues to be one of the best managed, best performing and consistently recognized leader among the country’s 119 electric cooperatives. The key to the success of MORESCO-1 is the unwavering support of its member-consumers. This has inspired MORESCO-1 in its quest to be a world-class power provider of choice.The next pages are little stories which form the big picture – the small beginnings, the great sacrifices, the fruits its member-consumers are now reaping, and a peek into the future.
Since its inception in 1968, Misamis Oriental 1 Rural Electric Service Cooperative, Inc.has pursued but one aim: to continue to work for the electrification of the countryside and the delivery of reliable,safe and efficient electric service, thus make an enduring contribution to building a strong republic.
As one of the country's leading proponents of rural electric cooperatives, MORESCO-1 is an active partner in nation building and believes that our greatest motivation to be among the best in the reformed electric power industry is the generation of prompt, honest and responsive service to our member-consumers whose support is responsible for our success. Now, in an era of globalization, we will draw out the best from our hearts and minds, and in the process will enable us to grow wholly as a human person. To do this truthfully we need to have a heart dedicated to service and a mind open to changes that will further enhance this service. While globalization will mean more and keener competition, it will on the other hand draw out the best from us. And the best from us must come from our minds and hearts.l'l;'