Press Release
December 18, 2013

Transcript of Sen. Alan Peter Cayetano
during Energy Committee hearing on power rate hike

ASC: Just to clarify, I would just like to ask, the difference between the P3.44/kWh and the P4.15/kWh are all taxes?

Meralco President Oscar Reyes: Your honor, it's taxes, it's VAT.

ASC: But this is increment also? This includes taxes before the additional generation?

Meralco President Oscar Reyes: Yes sir.

ASC: So ibig sabihin kumikita din ang gobyerno? Let's just be straight to the Filipino people. Tataas ng P4.15/kWh, ang P3.44/kWH pupunta ito sa generation cost. Pero ang P0.71 ay gobyerno ang kukuha nito?

Meralco President Oscar Reyes: Kasama na po ang gobyerno dahil may amount doon, small amount for transmission.

ASC: Thank you, Mr. Chair.

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