Former Rep. Zenaida Ducut, from Lubao, Pampanga to be named chair of the Energy Regulatory Commission.
A month back, we wrote: “When the replacement of (Energy Regulatory chair) Rodolfo Albano is named next month, we have one question to ask. How is the WACC calculated? If he could not provide an answer, thats it. Its bayad utang time, and to hell with power users.”
The background for that piece is the need for people at the ERC who must have an understanding of the complicated business of determining power rates based on cost of power generation, transmission and distribution plus some reasonable profit.
