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Palace awaits DOJ-DOE probe on collusion between power companies

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Malacanang has distanced itself on prejudging the investigation of the Department of Energy and Department of Justice regarding the alleged collusion between MERALCO and independent power producers so that they could demand an eight peso power rate hike.

PCOO Secretary Herminio Coloma Jr. said that the Palace recognizes the parallel investigation of the DOE and DOJ regarding the said controversy.

It wouldn’t be right for the President to say something ahead of the result of the investigation of both agencies.

According to Coloma, the DOE is doing a separate hearing and is focus on the dynamics of the situation regarding the action of the power industry players brought about by the Malampaya shutdown.

Coloma said that the DOJ-Office of Competition on the other hand is focus on the aspect whether or not the provision of the law which states that there is no unfair competition or abuse of market forces is being followed.

“Wala naman prejudgment, ano. Pati ang Pangulo, sa kanyang paglalahad ng aking inulit na statements niya, ay kinikilala na wala pa namang conclusive determination hinggil sa mga posibilidad na ‘yan. Kaya hindi tumpak na sabihin na mayroong prejudgment dahil wala,” added Coloma.

The Cabinet Secretary explained that the President warned MERALCO that if it will continue with its threat of rotational brownouts, the government will sanction them according to the existing laws stated in the constitution.

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