FDC In The News: Where is ERC Chair Albano?
May 29, 2008
On 14 May 2008, after the JCPC hearing at the Senate, a valid question was raised: Where is ERC Chairman Albano? According to rumors circulating in text messages, Chairman Albano and Meralco Chairman Manolo Lopez were traveling “together” in Europe. GMA 7 interviewed FDC vice president Etta Rosales who said that Albano should explain the text rumors that he and the Meralco chairman were together in a Mediterranean cruise. Rosales added that Albano should make himself available during this critical time when ERC is being investigated.
The news came out in online GMANews.TV and GMA 7’s 24 Oras. To view news video, please click here:
http://www.gmanews.tv/video/22595/Where-is-ERC-chairman-Albano
GMANews.TV
http://www.gmanews.tv/story/95232/ERC-chief-denies-meeting-Meralco-chairman-in-Europe#
ERC chief denies meeting Meralco chairman in Europe
BY FIDEL JIMENEZ, GMANews.TV
Article posted May 14, 2008 – 11:27 PM
MANILA, Philippines – The chairman of the Energy Regulatory Board (ERC) on Wednesday night denied reports circulating that he met Manila Electric Company (Meralco) chairman Manolo Lopez while both were abroad.
In a text message sent to GMANews.TV, ERC chairman Rodolfo Albano said that he is travelling in Europe with his family, not with Lopez.
“I deny vehemently the news item that Manolo Lopez and I are traveling together in Europe. I am traveling with my children and grand children. Neither the body or shadow of Don Manolo is with us,” Albano said.
Entry Filed under: Power Campaign. Tags: albano, erc, etta rosales, fdc, freedom from debt coalition, manolo lopez.
1.
strygwyr | June 3, 2008 at 1:19 pm
Meralco was awarded as one of the Top 20 of the 2007 ICD Corporate Governance Scorecard for Publicly listed Companies by the Institute of Corporate Directors (ICD) on May 28, 2008 in Makati City.
The citation was signed by Dr. Jesus P. Estanislao, Chairman of the Institute of Corporate Directors; Atty. Fe B. Barin, Chairperson of the Securities and Exchange Commission (SEC); Atty. Francis Ed. Lim, President of the Philippine Stock Exchange (PSE); and Atty. Cesar L. Villanueva, Dean of the Ateneo Law School.
Meralco rated high in the corporate governance scorecard that measures public disclosure through the regulators, the exchange and its corporate website and corporate reports. ICD is an independent and autonomous institute that champions corporate governance reforms in the country.
The more best practices a company has, the higher its score.
The corporate governance scorecard rates all publicly listed corporation’s on compliance with and actual practice of corporate governance compared with national, regional and international standards. It was a “person-on-the-street” test: it relies on public disclosure.
isnt it ironic that one of the main issue being hurled against meralco by winston garcia is disclosure? now we should wonder, what about the disclosure of winston as regards to his expenses in his campaign against meralco including the legal fees, ads, and stay in crowne plaza?