CA orders P5-B Meralco refund

CUSTOMERS of Manila Electric Co. (Meralco) can expect an automatic refund once the National Power Corp. (NPC) and Power Sector Assets and Liabilities Management (Psalm) paid back the more than P5 billion they overcharged the power distribution firm from 2006 to 2012.

The Court of Appeals (CA) has ordered Meralco to comply with the directive of the Energy Regulatory Commission (ERC) to return to its customers by way of automatic deduction the P5 billion it will recover from the NPC and Psalm.