Who is P4P stooging for?

TO begin with, what is P4P? And why does it merit attention?

For context, there is this recent partnership forged by the country's three leading power companies — Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. (AboitizPower) and San Miguel Global Power Holdings Corp. (SMGP) — to establish an integrated liquefied natural gas (LNG) facility in Batangas. Economic analysts view the merger as a positive development in line with the current administration's thrust of boldly expanding the economy.