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SC junks ERC appeal vs SMC-Meralco power deal
The Philippine Star
|September 04, 2024
The Supreme Court (SC) has junked with finality the power regulator ’s appeal against the termination of the supply contract of energy giants led by business titans Manuel V. Pangilinan and Ramon Ang.
In a regulatory filing, San Miguel Corp. said its legal team has received a copy of the SC 1st division’s resolution yesterday, which upheld the high tribunal’s Aug. 3 decision allowing the revocation of a 10-year power supply deal.
Earlier, the Energy Regulatory Commission (ERC) asked the SC to nullify a Court of Appeals injunction order on the power supply agreement (PSA) between Manila Electric Co. (Meralco) and SMC units South Premiere Power Corp. (SPPC) and San Miguel Energy Corp., now Sual Power Inc.
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