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ERC grants motion of PEDC, Meralco to terminate PSA

The Energy Regulatory Commission (ERC) has approved the joint application of the Manila Electric Co. (Meralco) and the Panay Energy Development Corp. (PEDC) for the termination of their power supply agreement (PSA). In June last year, Meralco and PEDC filed the termination motion, citing PEDC’s inability to meet its contractual…

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