Friday, August 17, 2007

Mikey Arroyo's thin line on energy

I have no idea where he came from, but he has a lucky mother. But when I saw him on ANC last night saying there was a thin line between the independence of the Energy Regulatory Commission and the wishes (populist and manipulative) of the executive, I was alarmed. Rep. Mikey Arroyo, chair and lone member of the House energy committee, at first seemed cautious, until the interviewers got the better of him. And that was when he not only betrayed his ignorance (forgivable) and then his political tendencies (unforgivable).
Most every observer of the Philippine energy sector would agree that one of the main problems of sector regulation is the lack of transparency aggravated by the discretionary powers of the regulator, complexed with the political influence of whoever wields executive power. Sometimes, this weakness is utilized by all sorts of contending political factions (including, unfortunately, those from the Left and who should know better).
The independence of the regulatory bodies in the sector has seen some ups and downs in the close to three decades I've been in it, as an active participant and observer. I must say we might be hitting anothe new low.
Less power to you, Mikey Arroyo.

p.s. My favorite senator and neighbor, who went epileptic with the appointment of Angelo Reyes as energy secretary, must be baying at the moon.

1 comment:

Nick said...

Perversely for the Arroyos, I would expect this is the kind of stuff that makes foreign investors' Boards jittery enough to kill a project with nary a second thought. Ibazeta's gotta be fuming.