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                    [ArticleID] => 164448
                    [Title] => Meralco cuts rates by 50¢/kwh
                    [Summary] => It may only be temporary, but the P0.50-per-kilowatthour reduction in rates which the Manila Electric Co. implemented in its May-June billing cycle is a welcome relief to consumers pinched by the traditional back-to-school expenses which further strain already tight household budgets.


In fact, Meralco jumped the gun on the National Power Corp. on whom consumers are still waiting for the implementation of the mandated reduction in the purchased power cost adjustment of the state-owned utility firm.


                    [DatePublished] => 2002-06-13 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [ArticleID] => 132937
                    [Title] => Meralco sees 50% drop in net income this year
                    [Summary] => The Manila Electric Co. (Meralco) is expecting a 40-percent to 50-percent drop in net earning this year due to the Energy Regulatory Commission’s (ERC) decision to suspend hearings on rate hike petitions.


Meralco Assistant Vice President and Treasurer Rafael Andrada, in an interview, said the company’s income will likely go down to P1.2 billion from  P2.49 billion last year.


ERC Chairman Fe B. Barin earlier said they would suspend hearings on Meralco’s rate hike petition for three months to give the new ERC Board time to study the application.


                    [DatePublished] => 2001-09-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
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CHAIRMAN FE B

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                    [ArticleID] => 164448
                    [Title] => Meralco cuts rates by 50¢/kwh
                    [Summary] => It may only be temporary, but the P0.50-per-kilowatthour reduction in rates which the Manila Electric Co. implemented in its May-June billing cycle is a welcome relief to consumers pinched by the traditional back-to-school expenses which further strain already tight household budgets.


In fact, Meralco jumped the gun on the National Power Corp. on whom consumers are still waiting for the implementation of the mandated reduction in the purchased power cost adjustment of the state-owned utility firm.


                    [DatePublished] => 2002-06-13 00:00:00
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                    [ArticleID] => 132937
                    [Title] => Meralco sees 50% drop in net income this year
                    [Summary] => The Manila Electric Co. (Meralco) is expecting a 40-percent to 50-percent drop in net earning this year due to the Energy Regulatory Commission’s (ERC) decision to suspend hearings on rate hike petitions.


Meralco Assistant Vice President and Treasurer Rafael Andrada, in an interview, said the company’s income will likely go down to P1.2 billion from  P2.49 billion last year.


ERC Chairman Fe B. Barin earlier said they would suspend hearings on Meralco’s rate hike petition for three months to give the new ERC Board time to study the application.


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                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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Meralco cuts rates by 50¢/kwh

June 13, 2002 - 12:00am

It may only be temporary, but the P0.50-per-kilowatthour reduction in rates which the Manila Electric Co. implemented in its May-June billing cycle is a welcome relief to consumers pinched by the traditional back-to-school...

Business

Meralco sees 50% drop in net income this year

By Donnabelle L. Gatdula | September 8, 2001 - 12:00am

The Manila Electric Co. (Meralco) is expecting a 40-percent to 50-percent drop in net earning this year due to the Energy Regulatory Commission’s (ERC) decision to suspend hearings on rate hike petitions. Meralco...

Business