San Miguel Corp.’s power unit, SMC Global Power Holdings Corp. , on Wednesday said it would not disrupt its supply of electricity to Manila Electric Co. , despite the rejection of their joint petition to hike power rates.the joint motions of Meralco and SMC Group’s South Premiere Power Corp. , and San Miguel Energy Corp. on September 29. used to produce electricity.
“Despite the present challenges, we will never withhold our available power capacity to the detriment of the country and the consumers,” SMCGP said. If the petition had been granted, Meralco customers' electricity rates would have gone up by P0.30 per kilowatt-hour for a six-month period. “However, in the event that SPPC and SMEC [are] unable to actually deliver power to Meralco for whatever reason, we are constrained to source up to 1,000 MW from WESM without prejudice to the resolution of whatever legal remedies Meralco may pursue against SPPC/SMEC under the PSA,” Valles said.
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