My former student asked my opinion about the recent Energy Regulatory Commission decision on the Meralco refund application. Having been assured that there is no pending case on the matter, I hereby oblige, as a teacher must.
In December 2020, Meralco also filed an application for the approval of a refund scheme where it proposed to true-up and compare its Actual Weighted Average Tariff as against the approved IAR. The dissent suggests that the ERC should have instead considered the AWAT application as a rule-making petition and incorporated Meralco’s proposal into the Revised RDWR that was issued in 2021. However, the idea of formulating a rule to govern a regulatory period that already lapsed may not only violate non-retroactivity of rules but, more significantly, it also conflicts with the principles of the PBR scheme.
Senator Win Gatchalian accused the National Telecommunications Commission of “sleeping on the job” after thousands of SIM cards were found in raids of POGO hubs in Pasay, Bamban and Porac. The raiding... Headline inflation may still fall within the two to four percent target of the Bangko Sentral ng Pilipinas in June amid...
Harris, with her killer instincts and poise, could have wiped the floor with Trump on the issues that matter most to voters.
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