New rules may help cardholders
SPOKESMEN of the GSIS and the government have denied that either wants to take over the Manila Electric Company (Meralco). Considering that the Arroyo administration has displayed a penchant for saying one thing and doing another, we feel it our duty to remind officials that taking control of the Philippines' biggest and oldest electricity distributor is ill-advised. State-sponsored efforts to acquire Manila Electric Co. ostensibly are inspired by the public outcry over the surge in electricity bills in the utility's franchise area, which accounts for 70 percent of the Luzon grid's demand....
article toolbox 
photo: WN / Janice Sabnal
