I never get tired of blogging this theme – Meralco’s lack on on-line social engagement.
If this kind of stuff shows up on MY radar in near real time (i.e. it is NOT particularly high on my priority to find these things), it would certainly be easy for a Meralco employee to find it and interact.
Simple as pie. And the benefit/cost ratio is huge, IMO.
I was reading this post on How Law Schools are Using Twitter. It’s only three paragraphs – go take a look.
The Philippine Energy Regulatory Commission (ERC) could have a single web page (a Twitter feed) for all their announcements.
And they could have a single web page (a Twitter feed) for posting links to each document (Decisions, etc.) they post.
And WE could all be updated in real time about all this.
But it’s only a no brainer if the ERC actually cares about enhancing public disclosure and promulgation of their material.
Are toxic assets poisoning your utility’s supply portfolio? Do you care?
There is a whole lot to be said about this subject – and it can’t all be covered in a single post. So I’m going to keep this one brief and simple.
Let’s start with some fundamentals. Go watch this nine minute video by Paddy Hirsch, a senior editor at marketplace.org. He provides an excellent description of what toxic assets are (and what mark-to-market means) by using a wine collection metaphor. It totally works. And Paddy totally rocks, as they say.
He’s talking banks, in the context of today’s financial meltdown. But in your mind, replace bank with your utility (Meralco, Veco, your coop, whatever) and replace MBS and CDOs with power supply contracts from IPPs and TSCs. This ‘case of wine’ paradigm works beautifully for us.
More to come.