ENERGY Regulatory Commission (ERC) Chairman Jose Vicente B. Salazar assured the Manila Electric Co. (Meralco) it would get a “fair treatment” should it decide to form an affiliate and have this registered as a retail electricity supplier (RES) with the commission.
“We’re not preventing Meralco from forming or creating an affiliate to undertake the business of an RES. Assuming that they will form an affiliate, and the creation will be in conformity with our rules, then we will definitely grant a license. There should not be any problem,” Salazar said. Under new rules, the enforcement of which was temporarily stopped by the Regional Trial Court (RTC) in Pasig City, the distribution utilities (DUs) are given three years, or until 2019, to wind down their local RES business units.
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