Appellate court sides with San Miguel

By Francis Earl Cueto

Jul 13, 2023 12:25 am

SAN Miguel Corp. (SMC) on Wednesday said that the Court of Appeals (CA) had granted joint motions for price adjustments by power units San Miguel Energy Corp. (SMEC) and South Premiere Power Corp. (SPPC).

In a disclosure to the Philippine Stock Exchange, SMC said the appellate court had also annulled and set aside an Energy Regulatory Commission's (ERC) 2022 order rejecting temporary rate hikes sought by SMC's energy subsidiaries last year.

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