MANILA (AFX-ASIA) – The Manila Electric Co (Meralco) said it asked the Energy Regulatory Commission (ERC) to “provisionally approve” its latest petition for a tariff increase, insisting it is urgently needed due to cash flow pressures. “At present, Meralco’s financial condition, particularly its cash flow constraints, remains critical due to the combined need to operate…
PHILIPPINES: Meralco says tariff hike urgent as cash flow ‘critical’
Posted on October 21, 2003 by EnergyAsia