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                    [Title] => Meralco suffers double whammy
                    [Summary] => The Manila Electric Co. (Meralco) suffered a double blow yesterday when it reported a net loss of P2 billion in 2002 at the same time that the Supreme Court denied its second motion for reconsideration regarding a P28-billion refund order.


Meralco president Jesus Francisco said that the 2002 net loss was largely due to the failure to collect deferred purchased power adjustment (PPA) charges from customers.


                    [DatePublished] => 2003-05-01 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804901
                    [AuthorName] => Aurea Calica
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BAYAN ALL FILIPINO DEMOCRATIC MOVEMENT

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                    [Title] => Meralco suffers double whammy
                    [Summary] => The Manila Electric Co. (Meralco) suffered a double blow yesterday when it reported a net loss of P2 billion in 2002 at the same time that the Supreme Court denied its second motion for reconsideration regarding a P28-billion refund order.


Meralco president Jesus Francisco said that the 2002 net loss was largely due to the failure to collect deferred purchased power adjustment (PPA) charges from customers.


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Meralco suffers double whammy

By Aurea Calica | May 1, 2003 - 12:00am

The Manila Electric Co. (Meralco) suffered a double blow yesterday when it reported a net loss of P2 billion in 2002 at the same time that the Supreme Court denied its second motion for reconsideration regarding...

Headlines