Muddled in the issue, we have forgotten that Transco is now owned by GMA’s allies. With NAPOCOR yet to be fully privatized, and could be very costly for anyone to try to acquire at this time, the best option is to attack the distribution side first. With Meralco’s value dropping, the GREEDY GROUP can now buy more shares to finally wrest the power from the Lopezes. With this, the monopoly will soon change hands. With taxes and NAPOCOR’s inefficiencies, power rates is unlikely to go down.
Clearly the two-pronged attack on Meralco will benefit not you and me but those whose image needs a makeover and of course those who are out to make a huge profit. Utilities much like the food business can hardly ever fail. One can easily make money while sitting around. Electricity is after all an essential component of everyone’s life. Prostituting advocacy in the name of greed is one of the best moves this corrupt administration has ever made. Just imagine the how “good” Gloria will look in the eyes of the masses and how rich her gang would be after they get control of both distribution and transmission sides of the power sector. Now, they can easily acquire some of NAPOCOR’s assets and the circle would be complete.
This was planned from the start. With Mikey Arroyo heading the energy committee, they gave gained a very comfortable foothold in their bid to control the power sector. They now have a very influential say on where the power sector should head. So it seems that the GREEDY GROUP has yet to satisfy its hunger for more mullah. What a way of ensuring that they will enjoy a good life way past Gloria’s reign.
As for Gloria, 2010 may yet be gentle to her. Her successor could be kind to her or she may opt to stay on, relying of course on a succession of events that could “force” her to seek “emergency powers”. Despite the posturing of several presidentiables, greed can make one do the unthinkable and unexpected. These presidential pretenders could wake up one morning only to realize that there is no such thing as elections in the Philippines. At leats they have their product endorsements to fall back on.