Yesterday, national televisions telecast result of the election of MERALCO's management where the ABS-CBN's Lopezes got 5 votes, followed by 4 votes for GSIS, and 2 votes for Independent Parties.  What is comical here is the hysterical outburst of Mr. Winston Garcia, the present head of GSIS stating that the exercise was still controlled by the Lopezes.

Why did he react that way?  Perhaps this is the reason.  Mr. Garcia is desperate to grasp the control of MERALCO from the Lopezes.  He believed that the electric bill issued by MERALCO to its consumers under the management of the Lopezes is too high.  He is determined to takeover MERALCO promising that the bill will go 20% down under his management.

But the question is: Is it possible for him to manage this electric corporation effectively when we all know that GSIS, the insurance company for government employees which he heads is also serving its members in mediocrity - thus not able to produce members' exact contribution statement and loan repayments?  Or is he that determine because GSIS has no longer enough funds?  Take note that just recently, national daily's reported GSIS cannot make loan repayments to overpayment due to shortage of funds.  Then rumors must be true that during the past National Elections the funds of GSIS were "allegedly" being used by the administration candidates?  But one thing is sure though, this government agency extravagantly used up members' money to purchase that "Parisian Life" by one of our national artists in the tune of more than 40 Million Pesos.

Whatever his motive is, we all know there's money in electric business.