Meralco hopes for ERC nod on P8B–P 9B cost recovery

Manila Electric Co. (Meralco) is still hopeful for regulatory approval of its petition to recover costs ranging from P8 billion to P9 billion, which it filed three years ago. Jose Ronald Valles, head of Meralco’s regulatory management team, said the distribution giant is optimistic of getting the Energy Regulatory Commission’s (ERC) favorable decision. This, especially