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Metro Pacific Says Manila Water Regulator Wants Lower Rate Hike

Aug. 8 (Bloomberg) -- Maynilad Water Services Inc. is in talks with the Metropolitan Waterworks & Sewerage System on a rate increase that’s acceptable to the regulator, said Jose Lim, president of Metro Pacific Investments Corp. which has a stake in the utility.

The regulator “informally indicated” a water rate that’s lower than what Manila Water sought for approval, Lim told reporters during a Metro Pacific briefing today. He didn’t elaborate. Metropolitan Waterworks is evaluating the petition of Maynilad and Manila Water Co. for higher rates.

Link to Company News:{MPI PM <Equity> CN <GO>} Link to Company News:{MWC PM <Equity> CN <GO>}

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net

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