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Meralco: Electricity rates 'fair, reasonable'

THE Manila Electric Co. (Meralco) on Thursday reiterated that the rates it imposes on its customers undergo a rigorous approval process before they are implemented to ensure they are 'fair and reasonable.'

Meralco issued the statement after Sta. Rosa City Rep. Danilo Ramon Fernandez urged the electric utility to refund some P200 billion in overcharges to its consumers.