Image via WikipediaMANILA, Philippines - Manila Electric Co. (Meralco) is expecting its energy sales to bounce back to pre-crisis levels this year, given its strong performance last month."Based on indications from our January sales, we have recovered to 2008 levels for all customer segments," Meralco president Jose de Jesus told reporters on Thursday. The company is set to release its official figures at the end of the month.
"Our sales almost correlates with the growth in the economy. There are signs that it could become positive," he added.
With this development, Meralco head for utility economics Ivanna dela Pena said they may raise their flat growth sales forecast for 2009. The company had projected a 3% growth for 2010.
"We would need to look at these new figures. We have to take into account the impact of El Nino because that is also a factor for our growth projection," dela Pena said.
http://www.abs-cbnnews.com/business/02/11/10/meralco-sees-higher-energy-sales-year
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