House probe on SOCOTECO II deal backed as ex-solon sounds alarm on alleged railroading
Former lawmaker Carlos Zarate is calling for a House investigation into a joint venture deal between SOCOTECO II and IGNITE Power and Energy Corporation. He alleges the deal is a 'corporate takeover' that threatens consumer rights and public ownership of the electric cooperative.
Why it matters
The dispute highlights tensions between privatization of public utilities and the protection of consumer-owned cooperative models in the Philippines.
Manila Bulletin - House probe on SOCOTECO II deal backed as ex-solon sounds alarm on alleged railroading
House probe on SOCOTECO II deal backed as ex-solon sounds alarm on alleged railroading
Ex‑Rep. Carlos Zarate warns the SOCOTECO II–IGNITE deal is a corporate takeover undermining consumer rights and cooperative ownership.
He calls the plebiscite rushed and anti‑democratic, citing lack of transparency and unresolved legal issues.
Zarate urges a House Energy Committee probe and plebiscite deferment, stressing SOCOTECO II's assets must remain public.
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