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MANILA ELECTRIC COMPANY v. PUBLIC SERVICE COMMISSION

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GR No. 141314
2003-04-09
REPUBLIC v. MANILA ELECTRIC COMPANY
PUNO, J.
MERALCO also challenges the use of the "net average investment method" or the "number of months use method" on the ground that MERALCO and the Public Service Commission (PSC) have been consistently applying the "average investment method" or "simple average", which it alleged was also affirmed by this Court in the case of MERALCO v. PSC[23] and Republic v. Medina.[24]