Meralco to continue delivery of stable power despite CA ruling on supply deal READ MORE:
to mitigate the impact of the Court of Appeals’ issuance of a writ of preliminary injunction on a 670-megawatt supply deal with a power unit of San Miguel Corp.
The WPI stopped Meralco from implementing the order of the Energy Regulatory Commission to honor their fixed-rate PSA. “With the WPI, implementation of the PSA will remain suspended until such time that the court resolves the petition for certiorari filed by SPPC,” the company said.ADVERTISEMENT “Meralco maintains its position that preserving the PSA serves the best interest of its customers as this would protect them from potentially higher electricity rates,” Meralco said.
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