One case involves a ₱19-billion refund under ERC Case No. 2025-025 RC, while the other concerns Meralco's application for new electricity rates under ERC Case No. 2025-035 RC. In the letter, Ople noted that while he serves as counsel in some ERC cases, he is not a Meralco shareholder. Meralco is seeking regulatory approval to collect over ₱80 billion from customers next year, a 63% increase from the ₱50 billion it expects this year. The hearings are set for the coming weeks. One of the PSE's core objectives is to ensure a fair, orderly, efficient and transparent market for the protection of the public interest. Revenue-related matters are considered material information, as they can affect Meralco's share price and influence investment decisions. Hearings on Meralco's rate application are scheduled in the coming weeks. According to ERC documents, Meralco is seeking a return on equity of nearly 15%.