Party-list wants to intervene in Meralco PSA suit
The Murang Kuryente Partylist (MKP) on Friday filed a petition-in-intervention before the Supreme Court (SC) asking to include energy advocate Gerry Arances, labor leader Leody de Guzman, and several others as petitioners in a pending case against seven onerous power supply agreements (PSAs) entered into by the Manila Electric Company (Meralco).
According to the group, the PSAs, if put into effect, will lock in Meralco customers to paying much higher generation charges on their electricity bills for the next 20 years.
“Meralco looks at its consumers as an infinite source of money, to be squeezed any time it needs to pay for the new cars and houses of its executives. We wish to be a part of this case to show the Supreme Court that the current petition against them is very important to all segments of society and can affect even the economic future of our country,” said Arances.
“What’s more, these PSAs all seek to further increase our dependence on coal, which is not only an expensive source of energy compared to renewables, but also introduce environmental and health hazards to the country. Consumers pay on so many levels, while Meralco just pockets the money,” he added.
Meralco is the largest distribution utility in the country, with six million consumers and a core net income of ₱5.72 billion in the fourth quarter of 2018 alone.
The petition has asked the SC to issue a temporary restraining order on the PSAs entered by Meralco. It ultimately aims to have these agreements declared null and void.