The Davao del Norte Electric Cooperative, Inc. commonly known by its acronym (DANECO) is a non-stock and non-profit cooperative organized on September 24, 1971 by virtue of the Republic Act No. 6038 which was later amended by Presidential Decree No. 269, Presidential Decree No. 1645 and Letter of Instruction No. 38.
The coop was organized purposely to provide affordable, dependable and round-the-clock electricity not only in the urban areas but also in far-flung barangays and remote areas on an area coverage basis. Its noble mission is to improve the quality of Filipino lives through the developments brought by electricity.
The National electrification Administration (NEA) mandated to implement the rural electrification program of the government making the electric coops as partners in this pursuit. DANECO as one of the catalyst of this mission is a holder of Franchise Certificate Nos. 017 and 103 issued by NEA with a permit to operate for 50 years.
Through the years, DANECO is a recipient of various prestigious awards given by NEA for the excellent performance it has rendered to its member-consumers. It is categorized as an A+ Extra Large Cooperative and One of the Outstanding Electric Coops in the country. Eventually as the demand for new connections increases the coop was then classified as a Mega Large Coop.
Within its coverage area, DANECO successfully energized sixteen (16) municipalities and two (2) cities in two (2) provinces namely: Compostela Valley Province and Davao del Norte.