ERC to rule on Meralco contracts before yearend

THE hopes to decide on seven power supply agreements (PSAs) entered into by Manila Electric Co. (Meralco) within the year.

“Hopefully, barring any other complications, we should be able to consider a lot of the issues that have been put forth on the [PSAs] that are Magpale-Asirit said on Monday.

Atimonan One Energy Inc. are now under delib- eration but the those with Global Luzon Energy Development Corp., Mariveles Power Generation Corp., and Central Luzon Premiere Power Corp. haven’t been discussed as environmental compli

intervention by several groups “considering the length of time which had already elapsed after the initial hearing of the subject Meralco PSA applications.”

The regulator later admitted the groups as oppositors and stressed that the deals had yet to be approved.

Provisional approval was granted to Panay Energy Development Corp. because it would be supply than have rotating brownouts, which is

the pending Meralco PSAs within three months at the prodding of legislators.

Asirit, however, said decisions were delayed due to “certain intervening events.”