MANILA, Philippines: A lawmaker urged Congress to split the franchise of the Manila Electric Company (Meralco) into three as he accused the power firm of failing to serve its subscribers and overcharging them for nearly a decade.
In his privilege speech on Tuesday, Santa Rosa City Rep. Danilo Ramon Fernandez said that the Pangilinan-led electric utility has grown 'too big' and become dominant in the power industry and that a potential split in its franchise into three is now timely.Fernandez suggested that the franchises should be in the National Capital Region , Calabarzon area, and Pampanga and Bulacan.
Fernandez also raised concerns on the possible buyout of Meralco parent Metro Pacific Investments Corp. of the Ilijan Gas-fired power plant in Batangas, as it would create a vertically integrated power utility that controls supply and distribution.
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