MERALCO


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AcronymDefinition
MERALCOManila Electric Company (Philippines)
MERALCOManila Electric Rail(Road) and Light Company (now Manila Electric Company, Pasig City, Metro Manila, Philippines)
References in periodicals archive ?
This year, Meralco hauled a total of22 campaign awards, bagging nine excellence and 13 merittrophies.
This year, Meralco hauled a total of 22 campaign awards, bagging 9 Excellence and 13 Merit trophies.
The ERC said it was necessary for Meralco to withdraw its PSA applications following the Supreme Court decision that required all PSAs forged after June 30, 2015, to undergo Competitive Selection Process.
This, as the lawyer-solon chided Meralco for claiming that there was no Philippine law or policy that prevents affiliated generation companies (gencos) from participating in the bidding for the supply requirements of distribution utilities.
The new coal-fired power generation facility is being built by Meralco s energy subsidiary - Meralco PowerGen Corp., and Electricity Generating Public Co Ltd (EGCO) of Thailand.
Meralco, along with its partners Marubeni Corp., Kansai Electric Power Co.
But Zarate said this requirement could defeat the High Court's decision in the first place as it would give Meralco full control of the bidding process and would oust the DOE and an independent third party from their supervisory roles in the bidding process.
'While we welcome the announcement of the Supreme Court yesterday of the finality of its decision to require all distribution utilities (DUs) including Meralco to bid out its supply agreements, we wish to inform the Court the procedure being employed by Meralco could defeat its decision because it grants Meralco full control of the bidding process and allows it to self-deal with its affiliate companies,' said House Deputy Minority leader and Bayan Muna Rep.
The start of supply from the solar farm will save Meralco from purchasing from the Wholesale Electricity Spot Market (WESM) when prices peak, and prevent rotating blackouts as have occurred over the past months.
"While we recognize that Meralco is a private enterprise entitled to turn a profit, we also believe that the company is in a position to somewhat restrain its greed," said House Deputy Minority Leader Arnel Ty.
However, they informed the tribunal that the procedure being employed by Meralco could defeat the decision of the High Court as it gives Meralco full control of the bidding and ousts the Department of Energy and an independent third party from supervising the bidding process.
The ERC, Meralco and COA were named by several party-list groups led by Bayan Muna Chairman Neri J.