THE San Miguel energy companies' predicament is becoming a classic case of an administration's failure to govern, unless it intervenes quickly and uses all its political clout and persuasive powers to resolve the issues. I do hope it is the last such case of failure in governance.The San Miguel's quagmire is a very serious problem that could affect Meralco's 7.5 million consumers, at the very center of the nation.
on the other hand claimed that its coal-fired Sual plant could not afford the tripling of gas prices, mainly due to Russia's invasion of Ukraine.The two energy firms asked the Energy Regulatory Commission to allow it to increase the price of power it sells to Meralco, for retail distribution. The ERC rejected the request, claiming that the SMC firms had committed to a fixed price.
plea for its Sual coal-fired plant. The ERC said the Solicitor General will ask the appellate court to lift its restraining order.The other day the consortium, which includes the state-owned Philippine National Oil Co. and Dennis Uy's Udenna Corp., claimed in a press release that there was no 'live contract' to sell to
yesterday said it had already bought the gas — 'bank gas' — from PNOC for $1.2 billion in July.
So SMC wants power hikes for its 2 power plants. Ooops, so PBBM has to do a delicate balancing act between controlling inflation and addressing the urgent survival issues of a vital player in the power industry. He really has to address this sooner, not later