House grants 25-year franchise to Meralco anew

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MANILA, Philippines — The House of Representatives on Wednesday afternoon approved on third and final reading the bill that seeks to grant power distributor Manila Electric Company (Meralco) a fresh 25-year legislative franchise.

House Bill 10926 hurdled third reading with 186 lawmakers voting for its passage and seven against. Four abstained.

Meralco’s current franchise will expire in 2028.

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