BIZ BUZZ: Lawyer headed for ERC?
The ink has barely dried on the irrevocable resignation letter of Monalisa Dimalanta of the Energy Regulatory Commission (ERC), and yet, possible replacements are already being lined up.
Word is that a lawyer of a consumer group is at the top of the list of names being considered to take over the top post at the agency responsible for keeping the energy sector players in line.
Not everybody will be happy with this front-runner’s appointment, however, as the individual is said to usually side with big business when it comes to gut energy issues such as rate-setting.
This is not exactly comforting since the ERC is expected to strike a balance between the need to ensure the viability of private firms in the capital-intensive energy sector and consumer welfare.
Sources say, however, that the order of priority may still change.
Let’s just hope that whoever will replace Dimalanta will have the right qualifications, and not just the right connections.
