The Meralco case is not about public interest; it is all about conflicting business interests. And it is being decided not on the basis of the strength of arguments but by the power of money and influence. This is the depth by which our system of governance, and of rendering justice have been corrupted. BY…
Tags: Meralco
Gov’t Employees’ Group Says Malacañang is Behind Meralco Ownership Mess
BY NOEL SALES BARCELONA Bulatlat.com Posted 5:11 p.m., Aug. 27, 2008 Quezon City—It is Malacañang, all this time that has been behind the Manila Electric Company (Meralco) ownership issue, using the Government Service Insurance System (GSIS) to pressure the Lopez bloc to give up its shares. This was the statement of the Confederation for Unity,…
GSIS Members Oppose Planned Meralco Takeover
BY HANNAH FAITH DORMIDO Bulatlat Posted 5:14 p.m., May 15, 2008 Government employees, public health workers and public school teachers today registered their strong opposition to Government Service Insurance system (GSIS) president Winston Garcia’s plan of taking over the Manila Electric Company (Meralco), because they believe it will be used by Malacañang in the “proxy…
MERALCO: Emerging Power Monopoly
BY PETE L. ILAGAN THE NATIONAL ASSOCIATION OF ELECTRICITY CONSUMERS FOR REFORMS, INC. (NASECORE) Bulatlat.com This is to support and echo Socio-Economic Planning Sec. Romulo Neri’s warning of an emerging monopoly in power generation, which immediately drew sharp criticism from MERALCO. After the adoption of a watered-down cross-ownership limit in the present Electric Power Industry…
E-VAT on Electricity: Short-circuiting the People’s Interest
At an average of 70 centavos per kwh and a total sale of about 24 billion kwh, electricity users in the Meralco franchise area will be contributing to the government a total of P17 billion every year. The government collects additional billions from the more than 120 electric utilities and electric coops in the country.…
Power Rates Up by Almost 30% Since Unbundling
For most consumers, power rates have increased by an average of almost 30 percent from December 2003 to December 2004. In July 2003, the country had seen the unbundling of power rates. BY ALEXANDER MARTIN REMOLLINO Bulatlat.com For most consumers, power rates have increased by an average of almost 30 percent from December 2003 to…