Takeover of power companies sought

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REP. Terry Ridon of Kabataan party-list wants the state to take over power utilities if the Manila Electric Co. (Meralco) and the country’s power generators cannot deliver affordable power rates to the public.

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Ridon made the statement in response to the “fear mongering” of Meralco, which warned of blackouts in the event that the temporary restraining order (TRO) issued by the Supreme Court (SC) blocking the intended rate hike is retained.

Late last year, Meralco had announced that power rates would rise by P4.15 per kilowatt hour to take effect immediately, but the SC issued a TRO last Dec. 23 preventing the implementation of the increase.

The youth lawmaker said the prospect of blackouts in the Meralco franchise area can constitute a national emergency justifying the takeover of all power utilities, from generation to transmission and distribution.

“Meralco should thus be circumspect in delivering public statements which seem to blackmail the public to simply accept the reality of very high power rates,” he said.

Ridon said the state can also take over the generation plants despite a provision in the Electric Power Industry Reform Act (Epira) declaring generation plants as not public utilities.

“Despite the Epira provision, the public now knows that power generation utilities have the greatest effect on power rates. Clearly, these utilities are businesses imbued with great public interest,” he said.

Ridon, minority member of the House committees on legislative franchises and energy, said that he is also contemplating on filing a bill revoking Meralco’s legislative franchise, for its failure to provide the public the lowest possible cost of electricity.

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10 Comments

  1. ricardo cristobal on

    Ginawa na iyan ni Presidente Marcos dahil alam ni Marcos kung ano ang pag-uugali ng mga Lopez.Noon ilang buwan kang hindi nakapagbayad hindi ka mapuputulan ng kuryente ngayon isang buwan may notice of disconnection ka na. Alam din ni Marcos ang haharaping kakulangan sa electric power kaya ginawa niya ang Nuclear plant kaso nakialam ang ilang negosyante kaya may EPIRA ngayon na pinakinabangan naman ni Presidente Ramos at pinakikinabangan naman naman ng mga negosyateng kaalyado ng mga Aquino noong panahon ng EDSA revolution.

    • The PEOPLE or the BOSS of PINOY should know who controls TRANSCO – National Transmission Corp.

      On December 12, 2007, 2 consortia bid for a 25-year license to run the Philippine power grid – privatization of the management of the National Transmission Corporation (Transco): the consortium of Monte Oro Grid Resources Corp., led by businessman Enrique Razon, comprising the State Grid Corporation of China, and Calaca High Power Corp.,
      WON in an auction conducted by the Power Sector Assets and Liabilities Management (PSALM) Corp. as it submitted the highest offer of $3.95 billion, for the right to operate TransCo for 25 years,

      OneTaipan Holdings, controlled by Henry Sy Jr., acquired 100 percent ownership of Monte Oro Grid Resources Corp., a company under the Ricky Razon group.

      The two businessmen control OneTaipan Holdings Inc. and Pacifica21 Holdings Inc., which collectively own around 60 percent of NGCP.

      Therefore, NATIONAL POWER GRID CORP. OF THE PHILIPPINES
      1) One Taipan Holdings Inc. of HENRY SY, JR. – Taipan
      2) Pacifica21 Holdings Inc. of Robert Coyiuto Jr. – Taipan
      3) State Grid Corporation of China – China

      Sila ang may control ng Presyo ng Kuryente pinapasa sa MERALCO at pinapasa naman ng MERALCO kay “JUAN DE LA CRUZ” ang “Boss ni Pinoy” sa LOOB NG 25 LIMANG TAON mula 2008 hanggang 2035?

  2. Meralco was bough by marcos long time ago, for the pilipino people, bUT when Corry became president she return it back to the LOPEZ. Lopez claim that Marcos steel it from them, what a F—i n g lie. This people are lying for almost a generation to the Pilipino people. Theirs only one solution, hang this people by their balls.

  3. Truth of the matter, this pronouncement of meralco should be considered by authorities as “ECONOMIC SABOTAGE”!!! Because of this pronouncement foreign investors which are the main target when Pnoy goes to other countries will be scared to invest in our country. KAWAWA NA-NAMAN ANG MGA PILIPINO!!!! At siyempre wala na naman tayong aasahang aksyon galing sa goverment natin.

  4. florentino maddara on

    Most of the regular congressmen are hesitating against the power generating and distribution companies because of vested interests while most of the good partylist congressmen are doing everything for their countrymen. Lets change all of them (congressmen/entrepreneurs/pol dynasty family) by 2016 election.

  5. The problem with this proposal is the utter absence of political will of this government. It riles me to listen to motherhood pronouncements of coloma that it is the obligation of this government to protect and promote the public good. OF COURSE IT IS! You don’t even have to say it nakakainis lang parang mapagtatakpan ninyo ang kawalan bahala niyo. With statements like this you assume the kababawan ng taong bayan. Parang sinabi niyo “hala sinabi ko na na obligacion ng pamahalaan na protectionan kayo diba kaya tumanimik na kayo! Bahala na rin ang Diyos sa inyo!

  6. Good luck. Legacy of Cory Aquino. And Abnoy’s staunch cronies, family and political donors are among the ranks of the power industry. Meralco, isdatyou?