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Solon accuses Noy of conspiring with allies to jack up power rates in Mindanao By Charlie V. Manalo 04/19/2012

Thursday, April 19, 2012

Solon accuses Noy of conspiring with allies to jack up power rates in Mindanao

By Charlie V. Manalo 04/19/2012

Bayan Muna Rep. Teddy Casino yesterday hinted that President Aquino and Department of Energy (DoE) Secretary Jose Almendras are conspiring with favored friends in the private power sector to jack up prices in Mindanao.

I have been wondering why Noynoy and Almendras are forcing coal and diesel plants to be used in Mindanao when the electricity costs are high when there are many alternatives and different solutions to the crisis. Is it because this would benefit the Aboitizes who for a long time have been close to Aquino and that they were the former boss of Almendras? It looks like a Triple A conspiracy to me, said Casino.

The Aboitizes own Therma Marine Inc. whose two power barges are largely blamed for the power outages in Mindanao in 2010, when they entered into a contract with the National Grid Corp. of the Philippines, making prices unaffordable to Mindanaos power distributors..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20120419nat11.html

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