Following the government’s announcement of their aim to take over Meralco, Philippines’ main electric company, the head of Meralco presented a speech regarding the issue today.

Oscar Lopez reassured the people that the business will survive this tyranny just like it had succeeded over Marcos’ martial law.

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 The Arroyo administration has been pressurizing Meralco, the Philippines’ main electricity company, to lower its electricity rates due to the complaints of foreign companies of the power cost and to help the poor who are already struggling with the rising rice and oil prices. 

  This picture was taken from here.

Oscar Lopez, who manages the company, has now decided to resign because of the demands and the government will be planning to take over the firm to control the power rates.

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