March 17, 2020

Ayala energy firm’s 2019 net earnings soar to ₱25 billion

By Myrna M. Velasco – March 16, 2020 from Manila Bulletin The net earnings of the energy investment arm of the Ayala group had soared to ₱25 billion last year, springing a long way up from ₱4.1 billion in 2018. […]
March 16, 2020

ERC cancels hearings amid outbreak

By Jordeene B. Lagare – March 16, 2020 from The Manila Times THE Energy Regulatory Commission (ERC) is suspending all scheduled hearings and conferences starting today (Monday) after the government placed Metro Manila under “community quarantine” to contain the spread […]
March 16, 2020

NEA collected nearly P2.3B in 2019, exceeded target

By Jordeene B. Lagare – March 15, 2020 from The Manila Times THE National Electrification Administration (NEA) has surpassed its 2019 collection target after receiving loan amortization payments of almost P2.3 billion from electric cooperatives (ECs). In a statement on […]
March 16, 2020

PSALM cuts debts, receivables

By Chino S. Leyco – March 14, 2020, 10:00 PM from Manila Bulletin The Power Sector Assets and Liabilities Management Corp. (PSALM) was able to cut its financial obligations last year and at the same time collected revenues and its […]