Everyone in the business sector who are now suppliers or previous suppliers of MERALCO would always say that there is a “MAFIA” in the purchasing department and the purchasing committee of MERALCO, most especially on the choice of CONTRACTORS and SUBCONTRACTORS for their substations and other major supplies. Why don’t you look deeper and investigate/audit into the documents of Purchasing Dept. and see who always win the bids, and did it not made a big fiasco too when even those foreign contractors conducted their own investigation against their managers and employees because they connive in this corruption between MERALCO and their local company here? Look at who these General Contractors are and the subcontractor who always win the bid other than MIESCOR. There are only two contractors that builds the houses of the executives for free and prices of course are already included in the cost of the projects that they bid. Also included in the package are their trips abroad, etc, etc.

Previous employees of MERALCO say that MERALCO was at its best during the times of the old LOPEZ. He was humble, good to his employees and is always fair.

After Chito Francisco took over with Manolo Lopez, everything changed. They focused on enriching themselves by getting kickbacks from chosen suppliers.

Again, to be sure that this is true, investigate on their awarded contracts from 1996 to present. You will see how biddings are done and contracts are awarded to chosen few by the MAFIA passing sometimes to their sister company MIESCOR.

Marami na rin kayong sinaktan sa mga dati ninyong contractors.

Maybe this is your “karma”. Puro kay July nyo lang binibigay lahat ng project nyo dahil magkakasosyo kayong lahat diyan. Bakit kasosyo din ba ang gobyerno sa sosyo nyo ni July? Kung hindi dapat parehas ang bidding, di ba?

Matatakaw kasi kayo, mabuti nga sa inyo. Panahon na siguro that you be given a dose of your own medicine.

Chito, you better step down and give that reign to better and deserving people so that we can have better rates on our electric bills.

Actually, these executives dont care anymore. Marami na silang naipon that even if the entire Philippine’s economy fall, mayayaman pa rin sila up to their kaapu-apuhan.

Good for you! Kunwari pa kayo eh, pag kinuha yan ng gobyerno, ang saya nyo kasi lahat ng inutang nyo at pinagkakitaan nyo na, ngayon, iba na ang magbabayad.

Kunin nyo munang lahat ng ninakaw ng mga officers ng MERALCO para di gaano mahirapan tayo sa pagbabayad ng mga inutang nila.

Tongue,
Anjan pa si Mr. Flores sa Veco? Regards.

According to Manuel Buencamino (Uniffors) Meralco stocks had slipped 22% due to Garcia’s tantrums resulting in a paper loss of P4.5B to GSIS on account of its holdings in Meralco. He’s done more damage to the ordinary people so far than to any of the Lopezes.

Cocoy is absolutely right, privatization is the key, not the reverse, as Garcia is now preaching. Moreso with the Mafia getting all the juicy deals from the newly-privatized assets. PSALM’s record is here : (http://bp2.blogger.com/_PaZY2VSIf-A/SCa3ANqSDTI/AAAAAAAAAMo/S8f8EfuXD-s/s1600-h/psalmlist.jpg)

Finally, if it’s right “na kalampagin ang Meralco”, why not include the “other” distributor – Aboitiz?

*****
Sorry, Valdemar, I had to name you in my example. I edited it out in my own blog.

The irony being, Meralco also IS one of those IPPs.

While I have no love for Meralco, neither do I agree that the government should meddle in power as well. The Napocor, as cocoy put it, is far too much of a farce to ever trust the government to take control of power generation and transmission ever again.

However, a takeover will not necessarily lead to a lowered electricity rate. I am all for it, IF government has a good track record in management. Sadly, government does fuck up most of the time.