Manila Electric Co., the country’s largest power distributor, said its new 25-year franchise will commence upon the expiration of its current license on June 28, 2028.
Better known as Meralco, the company said Republic Act 12146 that grants it a new franchise will take effect 15 days from its publication of at least two newspapers of general circulation. President Ferdinand Marcos Jr. signed the law on April 11.
The new franchise authorizes Meralco to construct, operate, and maintain an electricity distribution system in Metro Manila, Bulacan, Cavite and Rizal, and certain areas in Batangas, Laguna, Quezon, and Pampanga.
Meralco serves an area that accounts for 55 percent of gross national product and home to tens of millions of Filipinos.
