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Top power distributor Manila Electric Co. (Meralco) said yesterday that today’s expiration of the Supreme Court (SC) temporary restraining order (TRO) on its collection of the December 2013 generation charge would allow it to impose the lower recalculated rates to be issued by the Philippine Electricity Market Corp. (PEMC).

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                    [Title] => Meralco can’t collect higher rates after TRO lapses
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The Manila Electric Co. (Meralco) cannot automatically collect higher rates to reflect the sharp rise in December generation charge even after a Supreme Court temporary restraining order (TRO) on the planned adjustment lapses on April 22 and gets no extension.

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ENERGY SECRETARY JERICHO PETILLA AND MERALCO

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Top power distributor Manila Electric Co. (Meralco) said yesterday that today’s expiration of the Supreme Court (SC) temporary restraining order (TRO) on its collection of the December 2013 generation charge would allow it to impose the lower recalculated rates to be issued by the Philippine Electricity Market Corp. (PEMC).

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The Manila Electric Co. (Meralco) cannot automatically collect higher rates to reflect the sharp rise in December generation charge even after a Supreme Court temporary restraining order (TRO) on the planned adjustment lapses on April 22 and gets no extension.

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abtest

Meralco to impose lower recalculated rates, if...

By Iris Gonzales | April 22, 2014 - 12:00am

Top power distributor Manila Electric Co. (Meralco) said yesterday that today’s expiration of the Supreme Court (SC) temporary restraining order (TRO) on its collection of the December 2013 generation charge...

Headlines

Meralco can’t collect higher rates after TRO lapses

By Iris Gonzales | April 17, 2014 - 12:00am

The Manila Electric Co. (Meralco) cannot automatically collect higher rates to reflect the sharp rise in December generation...

Headlines