Sometimes, too much information can lead to misinformed judgment and opinion. If not completely understood, it can be taken out of context or, even used as an opposition against another. Know more:
Sometimes, too much information can lead to misinformed judgment and opinion. If not completely understood, it can be taken out of context or, even used as an opposition against another. Recently, there have been many allegations and issues raised against the National Grid Corp. of the Philippines and Electric Power Industry Reform Act . Before passing any judgment, let us be thankful for the recent exposes of Sen. Tulfo, Sen. Gatchalian and Sen. Hontiveros.
Significant capacity build ups started during the time of President Ramos. The capacity shortfall and projected increase in demand led to build and operate contracts with take or pay provisions. When the demand did not materialize, obligations piled up resulting from the stranded costs of unused capacities, which consumers had to pay up to now.
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