Meralco: Regulator OK’s new borrowing

MANILA Electric Co. (Meralco) said that regulators had already given it the go signal to incur fresh debt despite a consumer group’s move to block it.

Leo Mabale, Meralco regulatory affairs head, said the utility already secured the loan that the non-government National Association of Electricity Consumers for Reforms (Nasecore) is trying to prevent the company from contracting, adding it had approval from the Energy Regulatory Commission (ERC) for this.

Read Full Story 

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>