THE Cagayan II Electric Cooperative, Inc. (Cagelco II) said the outstanding refund balance to its member-consumers as of March was P20 million. This clarification came after Energy Regulatory Commission (ERC) Chairperson Monalisa C. Dimalanta said in July that the refund balance amounted to P20 billion. In a letter from the ERC dated Aug. 6, signed […]
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