Republic of the Philippines
ENERGY REGULATORY COMMISSION
San Miguel Avenue, Pasig City
ERC RESOLUTION NO. _26, Series of 2006
WHEREAS, there has been a steady of negative publicity concerning the
privatization of the Masinloc Power Plant and involving a private entity, YNN
Holdings;
WHEREAS, the aforementioned negative publicity has, in several
instances, unduly and unfairly alluded to individual members of the Commission,
as well as to the Commission as a whole;
WHEREAS, the issue of power sector privatization is outside the ambit of
the powers and functions of the Commission, and as such, does not concem its
members or the Commission as a whole;
WHEREAS, the continuing negative publicity on YNN Holdings and the
Masinioc privatization has tended to put at risk the individual and collective honor
and reputation of the Commission
NOW WHEREFORE, BE IT RESOLVED AS IT IS HEREBY RESOLVED
THAT THE COMMISSION:
1. Expresses in the strongest possible terms its displeasure over the
apparent attempts at smearing the honor and reputation of its members,
Particularly that of Commissioner Jesus N. Alcordo;Resolution No. __
Page 2 of 2
2. Reiterates its faith in the integrity of Commissioner Alcordo and in the
transparency with which he has discharged his functions as member of
the Commission, particularly in his consistent inhibition from hearings,
deliberations and decisions affecting corporations and interests with which
he may have been identified in the past;
3. Calls on the persons/parties behind the apparent smear drive to cease
from the undue and unfair allusions to the Commission and its members
since such would not help the persons/parties prosper in whatever
motives they have regarding the privatization of the aforementioned
power plant; and
4. Urges the return of decency and sobriety in the handling of issues in
media, particularly those affecting the policies, programs and persons
involved in the power sector.
Pasig City, June 9, 2006
RODOLFO B. ALBANO, JR.
Chairman
(On Leave) (Took No Part)
OLIVER B. BUTALID JESUS N. ALCORDO
Commissioner Commissioner
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FA. TAN JANDRO Z. BAI
Commissioner Commissioner