LEGAZPI CITY: For 18 years Albay Electric Cooperative Inc. (Aleco) piled up P3.7 billion in liabilities from continuous losses, Albay governor Joey Salceda claimed after Rep. Grecon Lagman (First District Albay) accused him of political corruption accusation.

The Regional Development Chairman pointed out that arrearages of the bankrupt power cooperative ballooned from continuous losses mostly high systems losses since l995 at 24 percent for the past 18 years.

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