Power consumers could expect refund due to alleged overpriced transmission line

By Karen Boncocan

INQUIRER.net

11:58 am | Wednesday, September 19th, 2012

INQUIRER.net FILE PHOTO

MANILA, Philippines—Consumers can expect a refund due to the alleged overcharging on power services done by the Power Sector Assets and Liabilities Management Corporation.

Cavite Representative Joseph Emilio Abaya, chairman of the House committee on appropriations, told this to Davao del Sur Representative Mark Douglas Cagas who asked whether there was truth in Manila Electric Co.’s statement alleging that PSALM had overcharged P9.1 billion worth of transmission line costs.

Cagas expressed worry over power shortage being experienced in Mindanao due to the lack of reserved power supply. He said that power supply issues may hamper the upcoming midterm elections in the region.

Abaya said on behalf of the Department of Energy as sponsor of its budget for next year that the Energy Regulatory Commission has yet to determine how much the fund would be.

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Short URL: http://business.inquirer.net/?p=82828

Tags: Joseph Emilio Abaya , Mark Douglas Cagas , Meralco , Power consumers , PSALM

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