Your IP: 126.96.36.199
Server Time: 2016-06-26 06:24:42
GENERAL SANTOS CITY (MindaNews/16 March) — Brownouts or power outages are bad. However, what’s worse is the exploitation of brownouts to raise the price of electricity in the spot market. When disasters strike, profiteers abound – like vultures waiting for the hapless, weary desert traveler to fall and die. So do, as we see, players in the Wholesale Electric Spot Market WESM). And “disasters” don’t strike; they create them.
Under Electric Power Industry Reform Act (R.A. 9136), WESM operated by PEMC (Philippine Electric Market Corporation), is good — supposedly to control electricity prices for the benefit of the end-users. But in times it was expected to prevent electricity price from spiking or shooting up WESM failed.
GENERAL SANTOS CITY (MindaNews/24 November) — A hero’s welcome will be laid out by the local governments of this city and nearby Sarangani Province for the scheduled homecoming of boxing icon and Sarangani Rep. Emmanuel “Manny” Pacquiao late Monday afternoon, a day after his convincing win over American brawler Chris Algieri in Macau, China. Vice Mayor Shirlyn Banas-Nograles said Monday the city’s favorite son deserves a hero’s welcome for bringing anew honor and prestige to the city and the entire country with his dominating performance over the previously undefeated Algieri in their World Boxing Organization welterweight title bout on Sunday.