More power to you (1)

I MAY write about Maharlika next week as frankly I want to read the approved bill more carefully rather than write a rushed article on it.

Boo Chanco wrote a column "Power rates" on May 26 in the Philippine Star basically bewailing moves to allow the government back into power generation and how that would be a disaster and telling us what would happen if we allowed a resurrected National Power Corp. or some mutant version to get back into generation. In fairness he also wrote about how leaving it to the private sector has not been a great success either from the point of view of cost or reliability. He also mentions how he views the secondary price gap as a dampener of returns hindering additional investment. He ends with when will we learn from the mistakes of the past. I am not going to repeat what he wrote like a clipping service so please look it up should you wish to.