Surigao del Sur rep suggests abolishing ERC due to Meralco WACC issue
MANILA, Philippines — Surigao del Sur 2nd District Rep. Johnny Pimentel raised on Wednesday the possibility of abolishing the Energy Regulatory Commission (ERC) for failing to recompute the weighted average cost of capital (WACC) of the Manila Electric Company (Meralco) for 13 years. Pimentel made the suggestion at the hearing of the House Committee on
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