ERC to revisit Meralco’s PSA with 2 subsidiaries of SMC Global Power

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ERC to revisit Meralco’s PSA with 2 subsidiaries of SMC Global Power - Business Mirror

Quick Summary:

THE Energy Regulatory Commission (ERC) will re-evaluate the power supply agreements (PSA) of the Manila Electric Company (Meralco) with two subsidiaries of SMC Global Power—South Premiere Power Corp.(SPPC) and Excellent Energy Resources Inc.(EERI)—to make sure that the power firms do not go over the prescribed capacity of generation facilities.

The PCC said it will coordinate with the ERC and the Department of Energy on the conditions imposed, as well as coordinate on the alignment of existing guidelines and policies with competition law and policy to curb competition concerns that may arise from similar transactions.

That’s on the power plant side.“And then the issue of the ownership of the terminal because that’s very important.