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ACEN, too, wants to recover losses from Meralco

By Inquirer - 9 months ago
MANILA, Philippines  -Ayala-led ACEN Corp. wants to recover more than P2.5 billion in losses related to power supply deals with distribution giant Manila Electric Co. (Meralco), incurred due to a surge in global coal prices back in 2022. This developed two years after two power generation subsidiaries of San Miguel Corp. filed for rate increases

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