SMC said in a disclosure to the Philippine Stock Exchange Wednesday the CA annulled the ERC order dated Sept. 29, 2022 in ERC Case No. 2019-081 and ERC Case No. 2019-083 “for having been issued with grave abuse of discretion amounting to-- READ MORE:
SMC said in a disclosure to the Philippine Stock Exchange Wednesday the CA annulled the ERC order dated Sept. 29, 2022 in ERC Case No. 2019-081 and ERC Case No. 2019-083 “for having been issued with grave abuse of discretion amounting to lack or excess of jurisdiction.”
“However, there are some matters in the decision that we feel need to be clarified. We are consulting with our lawyers on the legal remedies available to us including an appeal to the Supreme Court,” Meralco first vice president and head of regulatory management Atty. Jose Ronald Valles said. Power for People Coalition convenor Gerry Arances said the CA failed to uphold public interest by granting SMC’s petition in its case against the ERC. “The court effectively releases SMC from any consequences of breaking a contract simply because it is not earning enough from a commitment it has made voluntarily,” Arances said.
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