CA affirms 2017 ruling vs ERC on power prices 1 SHARES Share it! ERC had earlier declared uncompetitive and unreasonable the WESM imposed prices during the shutdown of Malampaya in 2013. It suspected that several power producers — San Miguel Energy Corporation, South Premiere Power Corporation, Strategic Power Development Corporation, SMC Powergen, Inc., Petron Corporation, SN Aboitiz Power-Magat, Inc. and SN Aboitiz Power-Benguet, Inc., 1590 Energy Corporation, AP Renewables, Inc., Team (Phils.) “In the instant case, Thermal Mobile sufficiently established the importance of the issuance of the writ of preliminary injunction. Thermal Mobile, in its comment to PEMC’s petition for review, mentioned that it is not financially capable to settle the financial penalty.

Source: Manila Bulletin April 03, 2019 12:45 UTC