Meralco chair and CEO Manuel Pangilinan explained that the 25-year franchise extension—recently enacted into law—is as a key enabler of the firm’s ongoing modernization and expansion plans as the power utility responds to the evolving needs of consumers and the broader economy.
Lopez family-led media giant ABS-CBN Corp. expressed gratitude after a surprise bill filed by Rep. Joey Salceda to grant the network a broadcast franchise sent its stock soaring over 20 percent on Tuesday.
The House of Representatives is set to approve the extension of Meralco's franchise following its endorsement by the House Committee on Legislative Franchises, a key lawmaker said on Tuesday.