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Friday, July 11, 2008

 

Senate must amend Epira–Nene

 
The Senate must proceed with the amendment of the Electric Power Industry Reform Act (Epira) even if the House is no longer interested in the endeavor, Senate Minority Leader Aquilino “Nene” Pimentel Jr. said Thursday.

He told the weekly Kapihan sa Senado that the Senate had already received the manifestation from the House Committee on Energy headed by Rep. Mikey Arroyo of Pampanga that they are no longer interested in amending the Epira.

“The Epira must be amended. Sen. Juan Ponce Enrile sees the need to do so. For us in the opposition, Epira must be amended, especially the provision on systems loss. It is not fair that what was stolen by Juan should be paid by Pedro,” he said.

Rep. Arroyo said the House decided to shelve the bill amending Epira because the industry players had already agreed to accelerate the implementation of open access, thus rendering the proposed revisions to the Epira moot and academic.

Open access refers to the condition where power users can choose their power suppliers. It is supposed to take place when the National Power Corp. (Napocor) had already privatized 80 percent of its assets.

The House position is a virtual acknowledgment of the opposition aired by the Joint Foreign Chambers of Commerce that amending Epira would be a disincentive to foreign investments. They had written a letter to President Gloria Arroyo expressing their opposition to Epira amendments, drawing the ire of senators who called them to a hearing of the Senate Committee on Energy headed by Sen. Miriam Defensor-Santiago.

Enrile said that contrary to the fears of the joint foreign chambers, any amendment of the Epira would not affect existing contracts, including the much-criticized take-or-pay provisions in contracts awarded to independent power producers.

Sen. Joker Arroyo, who had voted against Epira, said the law must be amended because its twin objectives to reduce the indebtedness of Napocor and reduce power rates have not been achieved after seven years.
-- Efren L. Danao

   

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Severino O. Frayna Jr., Benjie Dela Rosa
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