ERC Rejects Meralco-SMC Power Supply Deal, Cites Consumer Protection
The Energy Regulatory Commission (ERC) has rejected a proposed 200-megawatt power supply agreement between Manila Electric Co. (Meralco) and San Miguel Corp. The ERC cited a lack of demonstrated urgency and necessity, alongside Meralco's projected power surplus this year and future deficits, prioritizing consumer protection from potential cost increases.
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