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                    [ArticleID] => 367129
                    [Title] => ERC denies proposing scheme to offset Meralco refund
                    [Summary] => 



The Energy Regulatory Commission (ERC) has denied recommending to Manila Electric Co. a system of offsetting the cost of the firm’s   refund to customers.


"I did not suggest an offsetting (scheme)," ERC Chairman Rodolfo Albano said. "I think it was Meralco that suggested that."


Albano said the law states that utility companies may recover their losses from power generation costs only through the generation rate adjustment mechanism or GRAM. 


                    [DatePublished] => 2006-11-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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                    [ArticleID] => 218746
                    [Title] => Mutiny, partisan politics blamed for peso fall
                    [Summary] => President Arroyo blamed yesterday attempts to topple her government and partisan politics for the peso’s extended weakness. 


The peso remained weak against the US dollar in early trading yesterday, hitting a low of 55.60 to the greenback after reaching fresh 31-month lows on Monday, trading between 55.270 and 55.470. 


                    [DatePublished] => 2003-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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SOCIO-ECONOMIC PLANNING SECRETARY ROMULO NERI

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                    [ArticleID] => 367129
                    [Title] => ERC denies proposing scheme to offset Meralco refund
                    [Summary] => 



The Energy Regulatory Commission (ERC) has denied recommending to Manila Electric Co. a system of offsetting the cost of the firm’s   refund to customers.


"I did not suggest an offsetting (scheme)," ERC Chairman Rodolfo Albano said. "I think it was Meralco that suggested that."


Albano said the law states that utility companies may recover their losses from power generation costs only through the generation rate adjustment mechanism or GRAM. 


                    [DatePublished] => 2006-11-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 218746
                    [Title] => Mutiny, partisan politics blamed for peso fall
                    [Summary] => President Arroyo blamed yesterday attempts to topple her government and partisan politics for the peso’s extended weakness. 


The peso remained weak against the US dollar in early trading yesterday, hitting a low of 55.60 to the greenback after reaching fresh 31-month lows on Monday, trading between 55.270 and 55.470. 


                    [DatePublished] => 2003-08-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

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)

abtest

ERC denies proposing scheme to offset Meralco refund

By Ted P. Torres | November 5, 2006 - 12:00am

The Energy Regulatory Commission (ERC) has denied recommending to Manila Electric Co. a system of offsetting the cost of the firm’s refund to customers. "I did not suggest an offsetting (scheme),"...

Headlines

Mutiny, partisan politics blamed for peso fall

August 27, 2003 - 12:00am

President Arroyo blamed yesterday attempts to topple her government and partisan politics for the peso’s extended weakness. The peso remained weak against the US dollar in early trading yesterday, hitting...

Headlines