With ERC approval, Meralco will also collect in RY 2013 P1.156 billion for "Working Capital." Meralco asked for 4.5 percent of "OPEX" (operating expense) but ERC granted 7.8 percent, that's why it's P1.156 billion. Kawawa naman daw ang Meralco if it's lower, it cannot cover the high energy cost if it's only 4.5 percent.