MANILA (AFX-ASIA) – The Manila Electric Co’s 30.5-billion peso refund of overcharges to customers will take 10 years or until 2012 to complete, the Philippine Star reported, citing the company’s presentation materials submitted to the House of Representatives. (US$1=53 peso). Meralco intends to conduct the refund in four phases, the first of which began early…
PHILIPPINES: Manila Electric Co’s 30.5 billion pesos refund to take 10 years
Posted on June 30, 2003 by EnergyAsia