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Meralco to collect PHP 3.4-billion tariff under-recoveries

09 Jun

Manila Electric Company (MER) said it had obtained regulatory approvals to collect some PHP 3.4 billion from its customers, representing tariff “under-recoveries” dating back to some periods between 2003 and 2011.

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The Energy Regulatory Commission (ERC) has allowed it to collect PHP 908.7 million, starting from the next billing cycle. That is on top of a total of PHP 2.5 billion that the ERC last week allowed Meralco to collect from customers for “under-recoveries” in 2011 and for a period between November 2003 and January 2004.

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Posted by on June 9, 2015 in Corporate News, MER, Stock Market

 

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