The Rule on Law; People Say Law, but They Mean Wealth. - Ralph Waldo Emerson
Byline: ADRIAN E. CRISTOBAL
THERE's no question that Congress pass laws that in practice do not effectively achieve their purposes, for which reason, they are amended from time to time. This may well be what the National Power Corporation officials had in mind when they proposed amending the Electric Power Industry Reform Act.
Unfortunately for Napocor, power industry groups like the Philippine Electric Power Operators Association and the Philippine Independent Power Producers Association, in their representations to the Senate Energy Committee, do not agree with the government monopoly. Earlier, the American Chamber of Commerce in the Philippines also said that amending EPIRA at this time would be "counter-productive" to the point of putting investors on hold.
Among the amendments desired by Napocor is lowering the threshold of the privatization of power plants from at least 70 percent to only 50 percent, since it has failed to privatize more than 25 percent. The power industry groups said that the failure, among other factors, were the reason electricity rates have not gone down, and all blame must lie with the Napocor in its implementation of EPIRA. …