ERC: 3rd party to audit past Meralco refunds

By Alena Mae S. Flores – January 08, 2021 at 08:10 pm
from manilastandard.net

The Energy Regulatory Commission said Friday it engaged the services of an independent party to audit Manila Electric Co.’s refunds in the previous years.

ERC said in a statement Roxas Cruz Tagle and Co., an accounting and auditing firm, would look at whether the reported refunds of Meralco were fully accounted for, returned or credited to customers’ accounts.

ERC also ordered Meralco in previous years to refund the bill deposit, meter deposit and income tax that it collected from its customers.

“Our bids and awards committee has already completed its bidding process and has awarded the contract for the procurement of consulting services for the audit and verification of the Meralco refunds to the bidder that submitted the highest rated and responsive bid and which has also complied with all the legal, technical, and financial requirements for the said procurement project,” ERC chairperson Agnes Devanadera said in a statement.