Meralco to collect P12.38 million from customers to pay debt to Montalban Methane Power

THE Manila Electric Co. (Meralco) wants to collect from its customers P12.38 million and remit this to Montalban Methane Power Corp. (MMPC).

The amount represents the power supplied by MMPC to Meralco between January 26, 2015, when the contract for the sale of electricity between the two was terminated, and June 15, 2015, the date of effectivity of the feed-in tariff certificate of compliance of MMPC.

In its eight-page joint application, both asked the Energy Regulatory Commission (ERC) to approve their memorandum of agreement (MOA), which covers the payment for the energy generated and injected by MMPC to the distribution system of Meralco during the period.

Read more here.

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