Meralco wants to raise capital expenditures from P5.75 billion to P6 billion (which would be about US$ 115 million).
Here’s a look at their historical capex, converted to US$ at historically prevailing exchange rates – expressed in millions.

Actually, 1999 and 2000 were interpolated as they were not available on the Meralco site.Updated from Comments
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According to Meralco’s Annual Report for 2000, their capital expenditures for 1999 and 2000 were P6.53B and P5.39B, respectively. (I guess that’s in terms of 1999 and 2000 pesos.)