'We hope that the CA will reconsider and include in their deliberations the extremely deleterious effect this will have on power prices for ordinary Filipinos,' said President Ferdinand Marcos Jr.
MANILA, Philippines – President Ferdinand Marcos Jr. is hoping that the Court of Appeals will reconsider its decision suspending the power supply agreement of Manila Electric Company and a subsidiary of San Miguel Corporation, which may lead to higher power rates in Metro Manila.
The TRO will be effective for 60 days. The TRO was issued by the CA’s 14th Division last November 24. “We hope that the CA will reconsider and include in their deliberations the extremely deleterious effect this will have on power prices for ordinary Filipinos,” Marcos added.Meralco and SPPC earlier pleaded with the ERC to allow it to hike generation charges due to higher coal and natural gas prices.
ERC Chairperson and Chief Executive Officer Monalisa Dimalanta expressed grave concern over the TRO’s impact.
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