February 9, 2022

FGen ‘cover cost’ cuts Meralco rates in Feb.

By Myrna M. Velasco – February 8, 2022, 2:55 PM from Manila Bulletin The earlier-anticipated hike in the electricity rate of Manila Electric Company (Meralco) was overturned, resulting in overall reduction of P0.1185 per kilowatt hour (kWh) in the February […]
February 8, 2022

PSALM sells assets in Puerto Azul

BY LENIE LECTURA – FEBRUARY 7, 2022 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) has successfully bid out its Puerto Azul assets for P6.57 million. The state firm said the asset was sold via Offer […]
February 8, 2022

ERC says adherence to plant outages cap ‘non-negotiable’

By Myrna M. Velasco – February 7, 2022, 4:49 PM from Manila Bulletin With alarm bells raised on highly probable rotational blackouts during the summer months, the country’s generation companies (GenCos) are being warned that breach of regulatory policy on […]
February 8, 2022

Repair of First Gen’s Avion plant partially completed

By Myrna M. Velasco – February 7, 2022, 5:46 PM from Manila Bulletin The repair of one of the generating units of the 97-megawatt Avion gas-fired power plant of First Gen Corporation had already been partially completed, the Lopez-owned firm […]