Providing Manila Electric Company (Meralco) with a new franchise would be good for the Philippines, as it would give the country an image of a stable economy, according to Cagayan de Oro City 2nd District Rep. Rufus Rodriguez.
Rodriguez stated on Monday that renewing Meralco’s franchise for another 25 years would demonstrate to potential investors that businesses can operate steadily in the country. He believes this can lead to improved services for the people.
He emphasized that granting a new franchise to Meralco would show investors that long-term stability is guaranteed by the government, resulting in better economic conditions for Filipinos in the long run. Rodriguez also praised Meralco for its rapid growth in recent years, indicating proper management.
There have been discussions about renewing Meralco’s franchise, with lawmakers like Rodriguez and Albay 2nd District Rep. Joey Salceda filing bills to extend the franchise. However, lawmakers from the Makabayan bloc, particularly ACT Teachers Rep. France Castro and Gabriela Rep. Arlene Brosas, have urged for a thorough review of the issues before rushing into a decision.
Despite concerns raised by some groups, Meralco spokesperson Joe Zaldarriaga maintained that the company’s endorsement by experienced lawmakers reflects its commitment to delivering quality service. Zaldarriaga echoed Rodriguez’s sentiments, stating that a new franchise for Meralco would ensure stability for its customers.
The franchise renewal is crucial for Meralco, which is set to expire by 2028. The decision will impact millions of Filipinos who rely on Meralco for electricity services.
