Lawmakers support Meralco's franchise renewal to extend its operations until 2028.
Meralco's franchise renewal gains backing from various lawmakers, affirming its commitment to providing power services. House Bill No. 9793 aims to extend the power distributor's existing franchise set to expire in 2028, also aiming to expand the scope of the company's operations. Lawmakers endorse the renewal to show potential investors that capital-heavy investments can benefit from long-term stability in the Philippines.
May 19, 2024
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