WHY does Mr. Winston Garcia insist on representing the Government Service Insurance System in his fight with the Lopezes?
Does he really think that just because of his position in the GSIS, he represents all government employees? Has he tried to get their opinion? He is gambling with these employees’ future. The pension fund is not his alone. He is just its caretaker.
He will soon be out of office as soon as his bosses in Malacañang are either booted out or their terms expire. What will he do then? In my opinion, Mr Garcia might be diverting attention from his management of the pension fund altogether. His strategy seems to be to go after his neighbor’s trash so that his own trash won’t be looked at.
The Senate should start looking at the management of the pension fund. I’m not saying they’ll find anything there, but it’s worth it to take a cursory look at how it’s being managed being that it affects all past, present, and future government employees. Look at how the money is being invested, look at the balance sheets. It’s only fair we take a look at Mr Garcia’s backyard as well, not just the Lopezes. I’ll bet there are unwanted weeds and trash in his backyard that’ll need cleaning up or may lead to the eviction of its occupants.
– Bong Dignadice, Fontana, California (via e-mail)
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July 22nd, 2008 at 10:10 am
Totoy DJ,
Sabi mo:
Ibig sabihin ang Generation Charge ang pinakamalaking bahagi. Kung nanood kayo ng hearing sa Senado tungkol sa Meralco lumalabas na ang Generation Charge ang tunay na dahilan ng mataas na singil ng kuryente.
Sagot:
Yun na nga totoy DJ, kasama ang mga Lopez IPPs sa Generation Charge na reflected sa billing ng Meralco. Damay din ang mga IPPs na ito sa mataas na singil ng kuryente.
Mas mura ang singil ng Napocor on per kilowatt charges especially on peak hours kumpara sa mga Lopez IPPs. Remember nag baba sila ng singil lately? Sana nabasa mo yun sa diyaryo iho.
Kaya puwede ko sabihin na nandudugas talaga ang Meralco sa taong-bayan.
Nandiyan pa yung nabuking na meter deposits at interest na ginawa ng Meralco na income sa financial statement nila. Kundi pa nag-ingay ang taong-bayan, nagpaka-busog na naman ang Meralco dito.
Paano na din yung undelivered power na contracted ng Meralco from its own IPPs before? Ipinasa sa consumer ang charges nito totoy DJ. Kasama ka sa nagbayad iho. Mahal na mahal mo pa din ang Meralco, nakakatawa ka din ano?
Yung sa coal, Indonesian companies ang supplier iho at idinaan sa bidding kaya hearsay yung sinasabi mo na mataas ang bili nila sa coal. Ang mali ng Napocor, hindi sila nag-stock ng pang-matagalan at nagkakaroon ng emergency purchase.
Lugi talaga ang Napocor kasi nga ay mismanage at sa corruption na din. I totally agree.
Kaya totoy DJ, may sabit pa din yung Meralco mo. Magkano ba suweldo mo sa kanila?
July 22nd, 2008 at 9:41 am
Harry King,
Congressman Villafuerte is just looking at he Lopez IPPs for undelivered power under “take or pay” contracts.
Is he blind about the almost 40 IPPs of Napocor with the same “take or pay” contracts?
This is his way of earning browny points from free publicity. It is not correct to just single out an entity, look at the bigger picture. High power rates is a problem of the whole power industry with the government as the main culprit.
July 21st, 2008 at 8:46 pm
Agree Harry,
Also the meter deposits as promised by Meralco to refund.
If not with the public outcry, Meralco will be enjoying the meter deposits plus interest as part of their income.
Come to think, why blame Meralco? They are private corporation and wants to maximize their profit. Its in the book on corporation and partnership back in college. I cant recall “maximizing the discounts on consumers” as one of the dogmas.
Yeah, why blame Meralco????
July 21st, 2008 at 4:56 pm
Lolo Jhang Jhang,
Your Comment:
Sabi mo 56% of Meralco supplies comes from Napocor? Double check your data iho. Alam ko 40% lang from Napocor at 10% from WESM. So, 50% ang sa Lopez IPPs? WOW! Laki talaga ng dugas ng Meralco sa taong-bayan!
My Answers:
I never said that 56% of the generation charge comes from Napocor. DOUBLE CHECK mo yung post ko, page 36 of this blog Lolo. I know that the generation charge in our bill is a mixture of Napocor, Wesm and Lopez IPPs’ power supplies.
Sige nga, bigyan mo ko ng points kung paano mandugas ang Meralco thru Lopez IPPs? Ikumpara mo yung purchase price ng coal for Napocor against Lopez IPPs, doble ang presyo Lolo. Kung alam mo ang accounting, your total cost increases as your variable cost goes up.
At kung tinitira mo yung Lopez IPPs for their “take or pay” contracts resulting in capacity charges even if not the full capacity is dispatched, ang mga Napocor IPPs ba walang “take or pay” contracts? Think again, halos lahat ng IPPs ng Napocor naka “take or pay” contracts po Lolo. Hindi ka ba nagbabasa ng balita o kaya nanood ng Senate Hearing about the Power Industry issues?
For your information, ang “take or pay” arrangement with IPPs ang nagsalba sa atin sa power crisis (remember those brownout days?) nung panahon ni Ramos. Sino bang investor ang mag-iinvest sa mabilisang pagtatayo ng planta ng walang garantiya?
Kaya bago ka tumira at sumatsat, pag-isipan mo muna. Para kang pusa sa bubong na nag-iingay.
July 21st, 2008 at 9:26 am
Thanks Harry King, Your post was very informative.
You really have to go that far in researching or maybe you are part of the energy sector?
Basing on your post, 1000kw as average to avail of TOU will be applicable only to the level of the Lopez family, meaning only the rich will pass the TOU.
It will also create paranoia in the household. Imagine the house owner will yell at his/her servants not to use the centralized aircon system, water pumps and other high wattage-consuming appliances during peak hours and use it only on off-peak hours to use the TOU.
Generally, benefits can only be availed by consumers who have more money than what he/she only needs. Frequent Flyer Mileage promo?
TOU only on generation billing? What about the distributor Meralco? Fattening their tummy?