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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September 11th, 2008 at 9:56 pm
Now we see the benefits of the noise created by Winston Garcia against Meralco.
We learn that we pay for the electricity that we never use courtesy of the system loss of Meralco.
We learn that COA cannot audit Meralco as claimed by Meralco insider on the grounds that they are private firm wherein their business is a public utility.
We learned about the hidden funds emanated from the electric meter deposit that belongs to the consumers BUT Meralco claimed it as INCOME in their book. Thanks to Winston Garcia on the expose.
Last but not the least, We learned that Meralco is in the center of the bribing scandal done to CA resulting to the shameful discharge of Justice Roxas on his corrupted favoring on Meralco in the case filed by GSIS.
Meralco deserves to be owned by other competetive power investors like the Aboitiz. If Ayalas, Sys, Tans or Gokongweis can own Meralco, WHY NOT.
One more, I PRAY THAT ABS-CBN NEWS TEAM WOULD DISBAND AND FORM A MORE CREDIDIBLE TEAM AFTER THE DISBANDMENT. The current news team is tainted and corrupted.
We should thank Winston Garcia for shaking Meralco.
Violent reaction?
August 24th, 2008 at 10:35 pm
The DOJ has filed a non-bailable, syndicated estafa case against 16 Meralco officials. Is Gonzales capable of jailing the estafadors? Or is it just another palabas.
In order to audit Meralco, NASECORE should course their request through the ERC. If the request is based on valid grounds, the ERC must then request COA to audit Meralco books and accounts.
The Meralco is not a private enterprise of the Lopezes. It is a publicly listed distribution utility firm, franchised by Congress and regulated by the government through the ERC.
According to Supreme Court decision ( G.R. No. 141314 and G.R. No. 141369 ) …..”When private property is used for a public purpose and is affected with public interest, it ceases to be juris privati only and becomes subject to regulation,” also in the same decision, “The investor agrees, by embarking capital in a utility, ……. His company is the substitute for the State in the performance of the public service, thus becoming a public servant.”
Actually, the utility company should voluntarily subject itself to regular COA audit to gain the confidence of the public and the government.
August 23rd, 2008 at 9:25 am
COA can by all means audit Meralco being a company with installations in public areas with govt control.
Meralco is Lopez-controlled but it remains a public utility firm.
GSIS as one of the major stakeholders in Meralco is a crystal clear govt entity thus the Govt have part interest in the ownwership of Meralco. The very reason that COA can audit firms like Meralco.
The soonest COA can audit Meralco, the better for the public to know how much money is gypped by the unscrupoulus practices of the Lopez-led Meralco.
August 19th, 2008 at 7:42 pm
Meralco always had an accusing finger to Napocor on the high cost of generation.
Look whose big mouth is talking! Lopez is also adding to the high cost of the generation charge as the Lopez owned Meralco is also buying from the Lopez led/owned IPPs like Quezon Power and the others.
No numbers needed, plain and simple.
August 15th, 2008 at 11:21 pm
Villafuerte alleged that the Lopezes collected 19 B within the span of 3 years for the power that was never delivered. This, if computed for a period of 15 years, is comparable to what Napocor collected since 1993. The big difference is that the so-called Napocor-contracted IPPs do not belong to Napocor, while the Meralco-contracted IPPs belong to the Lopezes.
The public always find it detestable to see when big businesses used the defects of the law to cheat their customers.