Manila Electric Company
PSE Circular for Brokers No. 440-99 • Philippine Stock Exchange • Circulars for Brokers • Mar 10, 1999
Full text
March 10, 1999 PSE CIRCULAR FOR BROKERS NO. 440-99 SUBJECT : Manila Electric Company Manila Electric Company ("MER") furnished the Exchange a copy of the Court of Appeals' decision on CA-G.R. SP No. 46888, Manila Electric Company versus Energy Regulatory Board ("ERB"), et al, promulgated February 24, 1999. The Court of Appeals set aside the contested Decision in so far as it directed reduction of the Meralco rates by an average of P0.167 per kilowatt-hour, supposedly effective after February 1998; and its refund to the consumers starting with the billing cycle from February 1994 until the billing cycle beginning February 1998. LLjur A copy of the said legal document is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO
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