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The Supreme Court denied with finality an appeal filed by the Energy Regulatory Commission against a rate hike petition by San Miguel Corp.’s subsidiaries and Manila Electric Co.
“Considering that there is no substantial argument to warrant a modification of this court’s resolution, the court further resolved to deny reconsideration with finality,” the Supreme Court said. ERC chairperson Monalisa Dimalanta said the agency had not yet received a copy of the decision and would consult with the Office of the Solicitor General.
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