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                    [ArticleID] => 132937
                    [Title] => Meralco sees 50% drop in net income this year
                    [Summary] => The Manila Electric Co. (Meralco) is expecting a 40-percent to 50-percent drop in net earning this year due to the Energy Regulatory Commission’s (ERC) decision to suspend hearings on rate hike petitions.


Meralco Assistant Vice President and Treasurer Rafael Andrada, in an interview, said the company’s income will likely go down to P1.2 billion from  P2.49 billion last year.


ERC Chairman Fe B. Barin earlier said they would suspend hearings on Meralco’s rate hike petition for three months to give the new ERC Board time to study the application.


                    [DatePublished] => 2001-09-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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MERALCO ASSISTANT VICE PRESIDENT AND TREASURER RAFAEL ANDRADA

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                    [ArticleID] => 132937
                    [Title] => Meralco sees 50% drop in net income this year
                    [Summary] => The Manila Electric Co. (Meralco) is expecting a 40-percent to 50-percent drop in net earning this year due to the Energy Regulatory Commission’s (ERC) decision to suspend hearings on rate hike petitions.


Meralco Assistant Vice President and Treasurer Rafael Andrada, in an interview, said the company’s income will likely go down to P1.2 billion from  P2.49 billion last year.


ERC Chairman Fe B. Barin earlier said they would suspend hearings on Meralco’s rate hike petition for three months to give the new ERC Board time to study the application.


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                    [ColumnID] => 133272
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                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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abtest

Meralco sees 50% drop in net income this year

By Donnabelle L. Gatdula | September 8, 2001 - 12:00am

The Manila Electric Co. (Meralco) is expecting a 40-percent to 50-percent drop in net earning this year due to the Energy Regulatory Commission’s (ERC) decision to suspend hearings on rate hike petitions. Meralco...

Business