By the Freedom from Debt Coalition
Sunday, 11 May 2008 12:05
A position paper submitted to the:
Joint Congressional Power Committee (JCPC)
For the latest Philippine news stories and videos, visit GMANews.TV
May 12, 2008
After MERALCO, the country’s largest electricity distributor and supplier, announced last April an increase in its generation charges by 51.88 centavos per kilowatt hour (kWh), rumors of a brewing government takeover began spreading like wildfire. Signals are there, experts say, as shares of both the government and the Lopezes each jumped to more than 30%, with the Lopezes having a slight fractional advantage.
