By Prof. Alex Magno
Saying he is sick and tired of the business, Meralco’s Oscar Lopez has offered to sell his family’s 33% stake in the power distribution monopoly.
That is a dramatic statement to make. But, unfortunately, that is not the point of the controversy over the management of Meralco.
Nobody wants to take out the Lopez stake in Meralco — although the GSIS certainly has the financial muscle to do so if it comes to that. Everybody wants to know if Meralco is being run well enough so that it cannot be said that the high cost of power shouldered by consumers is due to an inefficient distribution company.
Over the past few years, the Supreme Court has ruled twice in consumer-interest cases filed against Meralco. Read more...
Saying he is sick and tired of the business, Meralco’s Oscar Lopez has offered to sell his family’s 33% stake in the power distribution monopoly.
That is a dramatic statement to make. But, unfortunately, that is not the point of the controversy over the management of Meralco.
Nobody wants to take out the Lopez stake in Meralco — although the GSIS certainly has the financial muscle to do so if it comes to that. Everybody wants to know if Meralco is being run well enough so that it cannot be said that the high cost of power shouldered by consumers is due to an inefficient distribution company.
Over the past few years, the Supreme Court has ruled twice in consumer-interest cases filed against Meralco. Read more...
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