C03660-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Stock | 1,127,098,705 | |
Debt Securities (Bonds in Billion PhP) | 2.87 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Decision of the Supreme Court in Energy Regulatory Commission vs. South Premiere Power Corporation, San Miguel Energy Corporation, Manila Electric Company, and National Association of Electricity Consumers for Reforms, Inc. with G.R. Nos. 271341 and 271983. |
Background/Description of the Disclosure |
Please be informed that the Company received a copy of the decision of the Supreme Court in Energy Regulatory Commission (ERC) vs. South Premiere Power Corporation, San Miguel Energy Corporation, Manila Electric Company, and National Association of Electricity Consumers for Reforms, Inc. with G.R. Nos. 271341 and 271983 through its external counsel in the afternoon of May 29, 2024. |
Name of the court or agency in which the proceedings are pending | Supreme Court – First Division |
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Date Instituted | Apr 3, 2024 |
Docket Number | G.R. Nos. 271341 and 27983 |
Principal Parties |
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Energy Regulatory Commission |
Nature and description of the legal proceedings |
Petition for Review of Certiorari |
The effect(s) on the Issuer's business or operations, if any |
No effect on the business since the Power Supply Agreement covered by the Resolution is already terminated and generation costs are pass-through charge. |
Other Relevant Information |
Please refer to the attached disclosure. |
Name | Jocelyn Villar-Altamira |
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Designation | Senior Assistant Vice President and Head, Corporate Governance and Compliance |