A consumer advocate asked the Philippine Competition Commission to investigate and divulge the details of Meralco PowerGen Corp.’s and Therma Natgas Power Inc.’s plan to acquire 67-percent stake in three other power firms.
He said the PCC informed him earlier through a letter dated Aug. 15, 2024 that the agency’s MAO was conducting a “phase 1” review of MGen’s and Therma’s proposal. “As a consumer rights advocate, I am particularly concerned that the Acquisitions may be considered approved without participation of the public,” the letter added.
“I believe that it is necessary to have copies of these records insofar as the law allows, as preparation for call for comments to the public should the review extend to Phase 2,” it said.
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