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From Meralco PowerGen Corporation (MGEN): MGEN did not acquire any share in SPBC, which was awarded a congressional franchise thru Republic Act 11357. Moreover, MGen is not privy to any transactions of SPBC. In addition, SPNEC's business and operations are not dependent on the franchise mentioned.

“We hope this clarifies the issue and lays to rest the disinformation coming out especially in social media,” said Atty. Christer Gaudiano, MGEN Head of Sustainability, Corporate Communications, & External Affairs.