ERC issues ruling on Meralco

Quick Summary:

Customers of the Manila Electric Co.(Meralco) would have to await awhile for a possible refund, estimated at P16 billion, after the Energy Regulatory Commission (ERC) released last Friday its "modified” ruling on the fifth regulatory reset of the distribution utility.

Meralco’s last rate reset process, or 4RP, covered the July 1, 2015 to June 30, 2022 period.

The rate-rest process, according to Dimalanta, is usually a forward-looking exercise that requires Meralco to submit forecast spending and proposed projects over a five-year period.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Meralco Meralco’s Distribution Decision Order Commission Reset Released Dimalanta Rate Regulatory

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 16:04:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 843 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23635423

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