THE Energy Regulatory Commission (ERC) has rejected Manila Electric Co.’s (Meralco) application to extend its supply deal with a unit of AboitizPower Corp. until December 2022.

In its order, the regulator resolved to deny the motion to extend the power supply agreement (PSA) of Meralco with Therma Luzon Inc. (TLI), a wholly owned subsidiary of Therma Power, Inc. (TPI). TPI is the holding company for AboitizPower’s non-renewable energy projects.