ERC modifies decision for Meralco to forgo 5th regulatory reset

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The story "ERC modifies decision for Meralco to forgo 5th regulatory reset" was covered 2 weeks ago by Business Mirror, a news publisher based in Philippines.

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ERC modifies decision for Meralco to forgo 5th regulatory reset - Business Mirror

Quick Summary:

THE Energy Regulatory Commission (ERC) has "modified” an earlier decision which supposedly allowed the Manila Electric Company (Meralco) to forgo the fifth regulatory reset (5thRP) of its distribution rate, covering the period 2022-2026.

Asked for comment on the modified decision, Meralco Senior Vice President and Head of Regulatory Management Atty.

The rate must go through the resetting process,” Gatchalian earlier said.“We did this to the National Grid Corporation of the Philippines, so we must apply the same rules to Meralco.