Richmond Mercurio – The Philippine Star October 5, 2022 | 12:00am MANILA, Philippines — Power distribution in the province of Albay is set to be managed again by the Albay Electric Cooperative Inc. (Aleco) by the first quarter of next year, according to the National Electrification Administration. NEA said Aleco’s member-consumer-owners voted to terminate the concession agreement between the electric cooperative and SMC Global Power Holdings Inc., the owner of Albay Power and Energy Corp. (APEC). NEA said a board resolution of Aleco unanimously invoked the default provision under Section 21.1….