I hope MERALCO will not have the same fate as these two electric cooperatives;

MAGELCO:

700,000 in Maguindanao, S. Kabunsuan may lose electricity
-inquirer.net, 06/15/2008
Beginning 12 noon Monday, about 700,000 power consumers in Maguindanao and Shariff Kabunsuan provinces will have no electricity if the National Power Corp. makes good its threat to cut off power due to arrears in power bills amounting to P136 million….

… “It’s the concern of everybody, especially LGUs, because they have huge obligations to Magelco payable to Napocor,” he said.
Unas learned that Magelco’s collectibles continue to pile on top of system loss and non-payment by residential consumers.
Pilferage is another problem facing Magelco.
“But the chunk of the collectibles are from LGUs,” Unas said, without identifying the concerned local governments….

ALECO:

Unpaid debt prompts NPC cut to cut power supply to Albay
-inquirer.net, 06/26/2008
Power to the whole of Albay province was cut off at noon Thursday by the National Power Corp. (NPC) over a P1.4-billion debt of the Albay Electric Cooperative (Aleco)…
…Poor collection performance and systems loss, or electricity lost and unpaid due to pilferage and defective equipment, contributed much to Aleco’s financial woes.

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