Talk:Meralco: Difference between revisions

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The free narrative of this section is inherently confusing. Sentence structures comprise inconsistent syntax, thus the point being raised could not be easily determined. MENDOZA I (PH) (talk) 06:10, 5 July 2008 (UTC)[reply]

The SEC registered name of Meralco is Manila Electric Company - not Manila Electric Railroad and Light Company. That was, however, the name of a predecessor company and the source of the acronym Meralco. I'm going to edit the opening sentence. Nick Nichols 02:00, 16 May 2006 (UTC)[reply]

I'm uncomfortable with these statements: "causing the Manila commuters to depend on the colorful Jeepney. This in effect, unfortunately, caused heavy traffic in the area over the decades." Sounds unsupported to me but I haven't changed them. Nick Nichols 02:00, 16 May 2006 (UTC)[reply]

I'll finish this when I can. Most of this comes from http://www.fundinguniverse.com/company-histories/Manila-Electric-Company-Meralco-Company-History.html El Caudillo 23:39, 20 June 2006 (UTC)[reply]

This is nice input, El Caudillo. Nick Nichols 02:11, 14 July 2006 (UTC)[reply]

There are no live links to articles on the Lopez family or the Lopez group: there seems to be a need for one, but I'm not sure where best to put it. Ming the Merciless 14:34, 25 June 2007 (UTC)[reply]

I added this to make this article balanced:Supreme Court decision on the Meralco (cbnnews.com) --Florentino floro (talk) 07:06, 10 May 2008 (UTC)[reply]

I added this to expand and Meralco is fighting for its life due to alleged takeover: (Meralco), which is facing a Philippine legislative inquiry/investigation for alleged excessive pricing (2nd highest in Asia), set aside P 1.1 billion ($ 1= P 42) in cash dividends to shareholders. Half or P 558 million will be distributed to Meralco shareholders on May 13, at a rate of 50 centavos per share, and the other half, or 50 centavos per share will be paid in the second semester. Sen. Miriam Santiago also announced that the Senate would hold a joint inquiry with the House of Representatives on the government's plan to take over Meralco, to reduce electricity bills. It posted a net income of P 3.61 billion in 2007.tradingmarkets.com, Meralco giving shareholders P1.1-billion cash bonus, to pay P558 million Tuesday Meralco and National Transmission Corporation (Napocor) blamed each other in high power rates. Meralco submitted reasons for higher power rates: high power generation costs, high transmission costs and government taxes imposed on the electricity sector from power generation to distribution. Government Service Insurance System (Philippines) President Winston Garcia, however, blamed Meralco management's inefficiency, its "bloated bureaucracy" and its sourcing of power from independent power producers (IPPs) also owned by the Lopezes, and the need to amend the Electronic Power Industry Reform Act of 2001. At the May 12-13 Senate hearing, Santiago required Meralco, the National Power Corporation (NPC) and the Energy Regulatory Commission (ERC) to submit documents.Abs-Cbn Interactive, High power rates blamed on Meralco, gov't, IPPsAbs-Cbn Interactive, Meralco, Napocor point fingers on high power rates</ref> Solicitor General Agnes Devanadera, on this point, said that the March 24, 2003 joint settlement agreement between Meralco and the NPC is null and void, contrary to law, morals and public policy, given the pass-on provision under it that will impose an additional burden on the consumers. The agreement was not submitted to the OSG in violation of the Revised Administrative Code 2987, Executive Order 292 and the Charter of the NPC under Republic Act 6395. tradingmarkets.com, between Meralco and NPC The House Energy panel's investigation into high power rates also investigated high power rates.GMA NEWS.TV, House panel begins probe into high power rates --Florentino floro (talk) 08:18, 13 May 2008 (UTC)[reply]