Submission by Meralco of Revised Rate Schedule
Letter of Instructions No. 15, issued on September 29, 1972, directs the Secretary of the Department of Public Works and Communications to reduce Meralco's provisional rate increase from 36.5% to 20.9%. The implementation of this reduction will vary, as residential consumers with monthly consumption of 90 kilowatt-hours or less are not affected by the previous increase. Meralco is required to submit a revised rate schedule within 24 hours for approval. Additionally, the Public Service Commission's earlier decision is amended to ensure refunds or credits to customers if the final rate determination is lower than the provisional increase. Public hearings will be conducted by the newly organized Board of Power and Waterworks for final rate approval.
Law Information
- Reference Number
- Letter of Instructions No. 15
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 29, 1972
LETTER OF INSTRUCTIONS NO. 15
| TO | : | The Secretary |
| Department of Public Works and Communications |
In accordance with the recommendations submitted by the Presidential Economic Staff (PES) and the Board of Investments (BOI), the provisional rate increase granted by the Public Service Commission on May 29, 1972 to Meralco will be reduced from approximately 36.5% to 20.9%.
You will immediately take steps to implement such reduction, which may not be implemented across the board since the residential consumers with monthly consumption of 90 kilowatt- hours or less, and other groups, were not affected by the provisional rate increase.
You will ask Meralco to submit within a period of 24 hours a revised rate schedule which will be presented to me for approval. Upon the organization of the Board of Power and Waterworks, the Board shall conduct public hearings for the final determination of the rates to be allowed to Meralco. acd
It will be noted that the Public Service Commission did not make even a preliminary determination of the amount of provisional increase that might be warranted. Instead, the PSC ordered the full amount of increase petitioned by MERALCO, and provided its May 29 Order that "if after the hearing on the merits it is found that the applicant is not entitled to the increased rates as proposed by it, or is entitled to rates lower than proposed, all sums of money collected by reason of the provisional authority herein granted, shall be refunded to the customers or credited to their respective accounts. acd
This order of the Public Service Commission is hereby amended accordingly.
Cite This Law
Submission by Meralco of Revised Rate Schedule, Letter of Instructions No. 15, Sep 29, 1972 (Philippines)
Submission by Meralco of Revised Rate Schedule, Letter of Instructions No. 15 (Phil. 1972)
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