Is there a conspiracy to raise power rates in Mindanao?
Is there a conspiracy to raise the power rates in Mindanao? A senior executive of the second largest power utility in the island said it appears that the April 2010 Bill of National Grid Corporation of the Philippines (NGCP) is part of a conspiracy to cheat power customers in Mindanao. “At the very least, the NGCP has been negligent of the welfare of their customers in entering into the Ancillary Services Procurement (ASP) Agreement which would result in the undue enrichment of Therma Marine, Inc. (TMI) even when considering only the anomalous Capital Recovery Fee,” said Engr. David A. Tauli, senior vice president for engineering of the Cagayan Electric Power and Light Company (Cepalco). “At worst, we could have here a conspiracy to cheat power customers, involving the personnel of major corporate players of the electric power industry in Mindanao. In either case, it is the responsibility of the other stakeholders of the Mindanao electric power industry to stop the unjust April 2010 AS
