Marcos signs law renewing Meralco franchise for another 25 years

Marcos extends Meralco’s franchise for another 25 years

MANILA, Philippines – President Ferdinand Marcos Jr. signed into law a measure extending the franchise of the Manila Electric Company (Meralco) for another 25 years, Executive Secretary Lucas Bersamin confirmed on Tuesday, April 15. Marcos signed the law granting Meralco’s franchise extension on Friday, April 11. Bersamin said the official Republic Act number and full text of the law have yet to be released. Meralco’s chairman and chief executiv…

Marcos signs law extending Meralco's franchise—Palace

President Marcos has signed into law the proposed measure that seeks to extend the franchise of Manila Electric Company (Meralco), Malacañang said.Executive Secretary Lucas Bersamin is seated beside President Ferdinand Marcos Jr. during the 9th Cabinet meeting in Malacañang. (Office of the President)Executive Secretary Lucas Bersamin confirmed on Tuesday, April 15, that Marcos has signed the law on April 11.It extends the power distribution comp…

Marcos signs law renewing Meralco franchise for another 25 years

MANILA, Philippines — President Ferdinand Marcos Jr. enacted a law renewing the franchise of Manila Electric Company (Meralco), Malacañang confirmed on Tuesday. "Signed April 11, 25 years," Executive Secretary Lucas Bersamin said in a text message to reporters. "Signed by the President, not lapsed into law. Shall release after the RA (Republic Act) has been affixed," he added. With the renewed franchise, the utility company will have the authori…

Marcos approves new 25-year franchise for Meralco

President Ferdinand Marcos Jr. has approved the proposed measure extending the franchise of Meralco for another 25 years, according to Executive Secretary Lucas

President Ferdinand Marcos Jr. has signed the renewal of the 25-year franchise of the Manila Electric Railroad and Light Company or Meralco. This was confirmed by Executive Secretary Lucas Bersamin this afternoon. This is contrary to previous reports that appeared on social media that the bill had lapsed into law. According to Executive Secretary Lucas Bersamin, PBBM signed it on April 11. The bill states that Meralco's franchise in the country,…