March 2, 2020

NEA overshoots new consumer connections target for 2019, energization level at 95%

By Lenie Lectura -March 2, 2020 from Business Mirror The National Electrification Administration (NEA) has registered 586,144  additional consumer connections last year, 27 percent higher than its target of 460,000 for 2019. The new connections resulted in achieving an energization […]
February 29, 2020

Psalm: San Miguel’s no-billing claim untrue

By Jordeene B. Lagare – February 29, 2020 from The Manila Times THE Power Sector Assets and Liabilities Management Corp. (Psalm) on Friday refuted San Miguel Corp.’s claim that it learned of its payables from the media instead of the […]
February 29, 2020

AC Energy acquires Ilocos wind farm

By Jordeene B. Lagare – February 29, 2020 from The Manila Times AC Energy Philippines Inc. (ACEPH) said on Friday it has completed the acquisition of an 81-megawatt wind farm in Pagudpud, Ilocos Norte for P2.573 billion. In a disclosure, […]
February 28, 2020

NEA chief: Pay hike of managers is legal

By Lenie Lectura -February 28, 2020 from Business Mirror National Electrification Administration (NEA) Administrator Edgardo Masongsong on Thursday denied allegations that he had abused his authority when he issued memoranda increasing the salaries and retirement benefits of general managers (GMs) […]