The Philippine Senate voted to renew the franchise of Manila Electric Co. (Meralco) for another 25 years, despite objections from Senator Risa Hontiveros who cited Meralco's history of overcharging customers. Hontiveros called for Meralco to refund customers for past overcollections before receiving a renewed franchise. The Federation of Philippine Industries and several foreign chambers of commerce supported the renewal, citing Meralco's vital role in powering businesses and homes.
VOTING 18-1-0, the Senate renewed the franchise of the Manila Electric Co. for another 25 years.Sen. Risa Hontiveros voted 'no' on House Bill 10926 granting the franchise to Meralco , saying the company 'throughout the years failed to abide by its obligations to serve the consumers as reflected by excessively high electricity bills.
The Federation of Philippine Industries and four foreign chambers of commerce in January pushed for the renewal of Meralco's franchise for another 25 years to continue business confidence in the manufacturing sector.Sen. Joel Villanueva filed Senate Bill 2824, which seeks to grant Meralco a fresh 25-year authority to operate. He cited Meralco's critical role in ensuring the continuance of delivering service to millions of homes and businesses.
MERALCO FRANCHISE RENEWAL ELECTRICITY CONSUMER PROTECTION
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