House panels clear Meralco to forge power supply contracts in Luzon

THE Committees on Energy and the Good Government and Public Accountability of the House of Representatives paved the way for the Manila Electric Company (Meralco) to enter into power supply agreements (PSAs) with seven affiliate companies.

“It is hereby resolved the ERC must immediately resolve the seven PSA applications of Meralco, provided all the requirement prescribed by laws, rules and regulations have been complied with, and the appropriate hearings on the applications have been conducted,” according to Committee Report 632 based on House Resolution 1741 authored by Minority Leader Danilo Suarez.