Marcos extends Meralco’s franchise for another 25 years

MANILA, Philippines – President Ferdinand Marcos Jr. signed into law a measure extending the franchise of the Manila Electric Company (Meralco) for another 25 years, Executive Secretary Lucas Bersamin confirmed on Tuesday, April 15.

Marcos signed the law granting Meralco’s franchise extension on Friday, April 11. Bersamin said the official Republic Act number and full text of the law have yet to be released.

Meralco’s chairman and chief executive officer Manuel Pangilinan thanked...