MANILA (AFX-ASIA) – Manila Electric Co may have to pay up to 30.5 billion pesos to comply with a Supreme Court ruling ordering it to refund excess charges collected from 1994, company president Jesus Francisco said. (US$1=52 peso). In a television interview, Francisco said Meralco will submit its refund proposal to the Energy Regulatory Commission…
PHILIPPINES: Meralco says refund cost may reach 30.5 billion pesos
Posted on May 16, 2003 by EnergyAsia