Looks for ways to lift TRO on SMCGP-Meralco power supply deal
The Office of the Solicitor General is working with the Energy Regulatory Commission (ERC) on ways to get the Court of Appeals (CA) to lift its temporary restraining order (TRO) that the government fears will drive up electricity costs for millions of consumers.
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If ERC is really concern on reducing electricity rates, they should review past PSAs where the ERC approved capital recovery rates were higher than the cost of equity ignoring the submitted WACC.