Sunday 21 October
Powered by Ajaxy
Jun 8, 2018 @ 17:08

Ties that bind: Devanadera a Meralco consultant before ERC stint

 

She has made the crossover in a matter of months.

Incumbent Energy Regulatory Commission (ERC) chairperson Agnes Devanadera has had a colorful past, and this includes careers in both politics and business.

The ERC chief has admitted to having worked as a consultant for a unit of bilyonaryo Manny Pangilinan’s Manila Electric Co. (Meralco), but maintained that she practices integrity and an arm’s length approach whenever the situation calls for it.

Devanadera said she has inhibited from voting on a power supply agreement (PSA) with Atimonan One Energy, Inc. which put up a 1,200-megawatt coal-fired power plant in Atimonan, Quezon — where she once served as mayor.

Devanadera, however, maintained that her consultancy stint was “very small.” Meralco PowerGen Corp. (MGen) is the parent firm of the Atimonan plant.

Bayan Muna Rep. Carlos Isagani Zarate threatened that he will sue Devanadera and and ERC commissioners should they greenlight Meralco’s PSAs awarded to its subsidiaries which are worth trillions of pesos, saying these are nothing but sweetheart deals with exorbitant prices.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Solons slammed the Labor department for being "anti-worker."
The four suspended commissioners of the Energy Regulatory Commission (ERC) are fighting back the Ombudsman
The Energy Regulatory Commission (ERC) twisted its own rules by allowing Manila Electric Company (Meralco),
The family of Bilyonaryo John Gokongwei has further strengthened its ties with the group of


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.