MANILA -Customers of ports tycoon Enrique Razon Jr.'s MORE Electric and Power Corp. in Iloilo City got a refund of their bill deposits totaling around P4 million, the company announced.
In a statement, MORE Power said three customers formally received around P2,500 during a ceremony held in their office recently.
The remaining 841 qualified customers will receive their refund until December this year, according to MORE Power.
"Since we don't have any intention of using [the bill deposits] for our operation, why keep it when it is already due for return, for the refund to customers?" said MORE Power president and chief executive officer Roel Castro.
A bill deposit is a payment...
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MORE Power starts Iloilo consumer deposit refunds