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MANILA, Philippines – The Energy Regulatory Commission (ERC) targets to rule by the third quarter on Manila Electric Co.’s (Meralco) proposed P272 billion capital through 2030 for network upgrades.
In a message to reporters, ERC chair and CEO Francis Saturnino Juan said the commission was aiming to release the results of rate review for the first entry group of privately owned power distributors this June or next month. But its review for Meralco may be completed by September.
READ: Meralco bracing for P272-B capital outlays through 2030
“For Meralco, it may take one to two months after July because the coverage is really extensive, so more time is needed to conduct a thorough evaluation,” he added.
