Ben D. Kritz
IN a hearing held by the evidently very annoyed House Committee on Energy on Wednesday, Meralco admitted that they not only instructed their power supply partner, the Aboitiz-held Therma Mobile (TMO), to offer some of its electricity at the highest allowable rate of P62/kilowatt-hour on the Wholesale Electricity Spot Market (WESM), but that Meralco purchased power at that rate in spite of having a contract with TMO to buy it at between P8.65/kWh and P11.26/kWh.