AUDIT NAPOCOR, NOW!

Somebody had better initiate an EXTENSIVE AUDIT of the National Power Corp. (Napocor).

For those who don’t know, Napocor has been allowed by the Energy Regulatory Commission (ERC) to raise its rates by 50 centavos per kilowatt hour starting this month.

That means more earnings for them, and HIGHER POWER COSTS for us ordinary mortals.

ILAMPUNG TAON nang LUGI kuno ang Napocor. BILYUN-BILYON ang utang. Utang na TAYONG SAMBAYANAN ang magbabayad sa pamamagitan ng ating buwis.

SAAN ba napupunta ang KITA ng Napocor?

For years, I have not heard of or seen any audit on Napocor.  Nothing whatsoever on where and how do they spend their income. No details of the company’s dealings or transactions with anybody.

In other words, we taxpayers have no means to check or find out if all of Napocor’s monies are FULLY ACCOUNTED FOR. There’s no way for us to determine if the company is being run judiciously or at a loss to the Government, and to us taxpayers.

I dare say this because if you’ recall several years ago, it was revealed that Napocor executives get millions and millions of pesos in salaries and other perks.

Kahit na BILYUN-BILYONG PISO na ang pagkalugi o pagkakautang noon ng kumpanya.

Pero KATAKA-TAKA na sa kabila ng lahat ng ito, kahit ISANG SENADOR o CONGRESSMAN ay walang masigasig na nanawagan, o nagsimula ng anumang proseso, pata maaudit ang Napocor.

Even if it’s us taxpayers who PAY for al\ of Napocor’s debts.

Every rate increase by Napocor translates to higher power costs for us consumers. With no immediate end in sight to the financial burdens we now carry, we can’t afford increased electric bills.

As I’ve asked in an earlier blog, the Government had better start telling us how we will survive this unending depletion of our meager resources.  

                                                                       

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From our blogmates:

My former People’s Journal colleague ROMY MORALES of Los Angeles, California, USA on “No basis to investigate GMA over ‘pabaon’:

I wonder why you are very much against the proposal of Biazon to include GMA. Yes, the facts that you have presented do not implicate GMA so ano ang kinatatakutan natin? If we are going to have an investigation, why do we have to be selective? Why don't we allow anybody to be tapped in the course of the investigation so we can dig deeper into the case? If GMA is not connected, has nothing to do with it or has not been implicated, what is there to fear? if we are clean, we have nothing to fear.  30