Now, the cat is out of the bag.
Sensing no public outrage or opposition to government's plan, GSIS President Winston Garcia told the Inquirer that GSIS plans to break up the Meralco concessionaire franchise into two or more sub-franchises. He says it worked before, when government divided Metro Manila into two franchises. Why will it not work now?
However, here's the catch which would explain why Garcia wants to break Meralco free from the Lopezes--it's not good, says Garcia, that so much wealth has been concentrated in the hands of just one family. He says, everybody should earn from Meralco's franchise.
Well said Winston. So, it's not government who'll manage Meralco--it's still the private sector. Question--will the sale of Meralco be above-board? Being a lucrative one, so many predators will definitely ask for their share of the pot?
Winston's dream is commendable provided that the bidding for the sub-franchises will be above-board.
After Meralco, what now?
Is government planning to break the oil industry since this sector is also being blamed for inflation due to high gas prices? Is government also planning to break the rice/food trading industry since food prices are abnormally high also?
"Question--will the sale of Meralco be above-board? Being a lucrative one, so many predators will definitely ask for their share of the pot?"
ReplyDeleteOf course not.
A better question to ask Garcia: "Is he also in favor of dividing Visayas Electric's franchise (VECO) in his home province to achieve the same results?"
I know what his answer will be. Read it here.