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The Losses Meralco Never Lost

May 10, 2008

Energy productions and distributions are a lucrative business. It is a basic necessity of urban living. The goods and services being produced are not only encouraged but supported by the government and the people…..as well as the losses.
Meralco, whose acronym came from Manila Electric Railroad And Light Company, and later changed to Manila Electric Company, has been railroading its consumers to pay a high electricity bills. It had transmuted from the Lopez clan to NAPOCOR and back to the Lopez family after the EDZA Revolution. The Lopez reacquired only the controlling ownership and its aging power generating plant such as Rockwell and Tegen power plant stations and substation facilities were retained to NAPOCOR. Other shares were owned by the government financial institution, particularly, GSIS which owned twenty-five percent. With the government partnership, Meralco became the sole distributor of electric energy and owns the franchise of supplying power to Metro Manila and the neighboring provinces of Mega Manila region. It has the priority to supply big commercial and industrial users. Being a monopoly of power distribution it can dictate the mode of its operation, charges, and collection to its hostage users. Even its losses due to pilferages, heating, and inefficiencies were being charged to the consumers. see more @
Pinoy Barking Hall

Written by dmfadrilan · Filed Under BLOG 

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