Church urges Negrenses
to buck power imposition
The Social Action Center of the Bacolod diocese yesterday expressed its vehement opposition to the petition by state-owned Power Sector Assets and Liabilities Management Corp. to recover about P471 billion of the stranded debts of Napocor to be passed on to power consumers nationwide.
If granted by the Energy Regulatory Commission, this will translate to an average increase of 30 centavos per kilowatt-hour over a recovery period of 17 years, Fr. Aniceto Buenafe, SAC director, said in a press release.
This will be reflected in the universal charge portion of every consumer's electric bill, he said, citing Elinore Cabanilla, SAC representative to the ERC hearing on the petition, which was held in Cebu City on Oct. 8.