The �unweanable� struggle for power

No, is the general answer from energy sector players on the chances of BPC becoming a profit-making entity that does not rely on state largesse for survival. At present, and as noted in recent years by auditors, the corporation exists solely through the ‘benevolence’ of government and by extension taxpayers.

For the 2014 financial year, government pumped P1.49 billion as a tariff subsidy into the corporation enabling it to post a profit for the year of P114 million, being the first such since 2008.