May 14, 2020

SMC Global posts 10% income drop

By Alena Mae S. Flores – May 13, 2020 at 09:50 pm from manilastandard.net SMC Global Power Corp., the power arm of diversified San Miguel Corp., said posted a 10-percent decline in consolidated net income in the first quarter to […]
May 13, 2020

ERC hikes capacity limits for power generation firms

By Lenie Lectura – May 13, 2020 from Business Mirror The Energy Regulatory Commission (ERC) has issued a resolution increasing the capacity limits of power generation companies (gencos) for this year. The commission set the Installed Generating Capacity (IGC) limit […]
May 13, 2020

PSALM pares power sector debts by ₱27 B

By Myrna M. Velasco – May 12, 2020, 10:00 PM from Manila Bulletin State-run Power Sector Assets and Liabilities Management Corporation (PSALM) was able to trim power sector debts by ₱27 billion last year to ₱422.01 billion as of end-December […]
May 12, 2020

Semirara income falls 43% to P1.2 B

By Myrna M. Velasco – May 11, 2020, 10:00 PM from Manila Bulletin With the combined effect of reduced coal sales and cheaper energy prices, the net income after tax (NIAT) of Consunji-led Semirara Mining and Power Corporation (SMPC) had […]