March 22, 2019

SC asked to junk Meralco power deals to save consumers from power hikes

By Rey Panaligan and Ellson Quismorio – updated March 21, 2019 from Manila Bulletin The Supreme Court (SC) has been asked to stop the Energy Regulatory Commission (ERC) from approving the 20-year power supply agreements (PSAs) between the Manila Electric […]
March 22, 2019

ERC dismisses 8-year-old petition on system loss rules for power system

By Victor V. Saulon – March 20, 2019 | 10:43 pm from Business World Meralco workers check on an electric meter at a barangay in Quezon City. — BW FILE PHOTO   THE Energy Regulatory Commission (ERC) has dismissed for being […]
March 22, 2019

DOE modifying rules on certification of duty-free importation of RE equipment

By Myrna M. Velasco – March 21, 2019, 10:00 PM from Manila Bulletin The Department of Energy (DOE) will be re-casting the set of rules on its issuance of certificates for duty-free importation of equipment, machinery and spare parts that […]
March 22, 2019

First Gen’s recurring net income up 51% to US$243 M in 2018

By Myrna M. Velasco – March 21, 2019, 10:00 PM from Manila Bulletin With brisk sales from its gas-fired power assets, First Gen Corporation logged record-high increase of 51 percent on its recurring net income (RNI) to US$243 million last […]