On April 22 and 23, 2010, the Energy Regulatory Commission (ERC), the Government Agency responsible for regulating the electric rates in the country, conducted a Public Hearing in Zamboanga City. The venue was at the City Hall Conference Room and the sessions were from 9:00 am to 5:00 pm.
The hearing was for the joint petition filed by Zamboanga City Electric Cooperative (ZAMCELCO) and IN2POWER, Incorporated (IN2Power) for the approval of the Power Supply Agreement (PSA), a contract that they entered into. The PSA Contract stipulated an increase in electric rates for ZAMCELCO and was with a Collection Deferment Scheme and the petition was accompanied with a request for Provisional Authority.
The “PSA Proposal” is being touted to be “The Solution” To End the Power Brownouts in Zamboanga City. IT MAY BE THE SOLUTION TO END THE POWER BROWNOUTS IN THE CITY, BUT AT WHAT PRICE AND AT WHOSE EXPENSE?
