A MODIFIED version of the decision regarding the lapse of Manila Electric Company's (Meralco) fifth regulatory period, which will have a bearing on refunds to customers, will be released at the soonest possible time, reinstated Energy Regulatory Commission (ERC) chair and CEO Monalisa Dimalanta told reporters on Monday.
In an online press conference, Dimalanta said: "Before the end of my suspension period, there was a commission meeting regarding Meralco's fifth regulatory period because it was brought up in the Senate... The commission revisited the issues and adopted some modifications on our previous decision to [declare] the period has lapsed. However, I'm not yet sure what these [modifications] are."
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