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Consumers to pay part of P932B debts of energy sector—DoE chief

By Amy R. Remo
Philippine Daily Inquirer
First Posted 12:09:00 09/06/2010

Filed Under: Electricity Production & Distribution, Energy, Consumer Issues

MANILA, Philippines?The country?s energy sector has incurred a whopping P932 billion in debts and liabilities and consumers would have to shoulder part of the burden of paying of the debts, Energy Secretary Jose Rene D. Almendras said on Monday.

Almendras explained to members of House energy committee that the debts included both the outstanding and contingent liabilities of the Power Sector Assets and Liabilities Management Corp., National Power Corp., and the National Transmission Corp.

Almendras was quick to assure the public that these debts would not be wholly passed on to consumers through the universal charge. However, he stressed that "somebody should pay for it."



Copyright 2011 Philippine Daily Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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