PGMA not after MERALCO but lower power rates

President Gloria Macapagal-Arroyo clarified that the government is not out to pin down the Manila Electric Company (Meralco) but is only after lower power rates especially for the poor, according to Albay Gov. Joey Salceda.

One of the President’s economic advisers, Salceda explained that the ”concern of the President is how to bring down the cost of power, especially for the poor amid the spiralling price of oil in the world market.”

He said the government must not only review the Independent Power Producers (IPP) contract of Meralco but must conduct a ”general review of all IPPs contract.”

”A review of the IPPs, I think, that’s the best policy,” Salceda added.

Earlier, President Gloria Macapagal-Arroyo batted for the reduction of power rates and called for support of her advocacy for the lowering of electricity charges. (PIA/Bohol)

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