Meralco has mobilized employees and resources beyond restoring electricity as severe flooding left thousands of families across Luzon stranded and unable to secure basic supplies.
The Manuel Pangilinan-controlled power distributor said it will comply with the Energy Regulatory Commission’s latest directive to refund P9.5 billion to customers over a six-month period, with the adjustment expected to appear as a separate line item in electricity bills.
Tycoon Manuel V. Pangilinan-led Manila Electric Co. ended a bruising week after losing more than P123 billion in market value as uncertainty over proposed electricity sector reforms rattled investors.
Manila Electric Co. chair and CEO Manuel V. Pangilinan said Energy Development Corp. (EDC) would be a strategic addition to Meralco PowerGen Corp.’s expanding renewable energy portfolio, but stressed his group is not in current talks with the Lopez family.
Tycoon Manuel V. Pangilinan-led Manila Electric Co. (Meralco) expects volatility in global fuel markets to persist as conflict in the Middle East continues to disrupt energy supplies.
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) has retained its ISO 9001:2015 Quality Management System certification after its Networks Group passed a surveillance audit with zero non-conformities.
Manuel V. Pangilinan-led Manila Electric Co. has appointed retail entrepreneur Bernido H. Liu and veteran banker Bernadine T. Siy as new independent directors, refreshing its board after two longtime members reached regulatory term limits.