May 29, 2020

Power rate likely to rise starting June

By Alena Mae S. Flores – May 28, 2020 at 09:10 pm from manilastandard.net The Independent Electricity Market Operator of the Philippines assured the public of sufficient power supply to meet the expected increase in demand in June as government […]
May 28, 2020

Rural co-ops seek force-majeure relief from power contracts

By Adam J. Ang – May 27, 2020 | 8:43 pm from Business World RURAL power utilities are asking the Energy Regulatory Commission (ERC) to ease their obligations under power contracts entered into with generating companies, while promising to provide […]
May 28, 2020

ERC oks P410 million Meralco projects

By Danessa Rivera – May 28, 2020 – 12:00am from The Philippine Star MANILA, Philippines — The Energy Regulatory Commission has cleared Manila Electric Co. (Meralco) to spend P410.45 million for six capital expenditure projects. The amount is lower than […]
May 28, 2020

US firm buys FGen stake for ₱7.285 B

By Myrna M. Velasco – May 27, 2020, 10:00 PM from Manila Bulletin New York Stock Exchange-listed KKR & Co., Inc. will be acquiring the common shares of First Gen Corporation with a premium at ₱22.50 per share – and […]