ERC pushes ‘serious level of scrutiny’ on Meralco group
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ERC pushes ‘serious level of scrutiny’ on Meralco group
MANILA, Philippines — Now is a good time for a “serious level of scrutiny” amid advances made by Manila Electric Co. (Meralco) outside its core power distribution business, according to the chief of the Energy Regulatory Commission (ERC). However, an analyst warned that an “excessive government intervention” can dampen investments in the sector. ERC chair
·Manila, Philippines
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