March 14, 2024

NEA probes Nueva Ecija coop’s missing retirement funds

By Alena Mae S. Flores – March 13, 2024, 6:55 pm from manilastandard.net State-run National Electrification Administration (NEA) said Wednesday it launched an investigation into Nueva Ecija II Area 2 Electric Cooperative Inc.’s (NEECO II Area 2) allegedly missing employees’ […]
March 14, 2024

PH electricity pricing: Is imported LNG pricier than Malampaya gas?

By Ray S. Eñano – March 13, 2024, 6:45 pm from manilastandard.net “The Malampaya gas producer believes so—but Meralco thinks otherwise.” The results of the supply auction for 1,200 megawatts of electricity have elicited mixed responses from contending major generation […]
March 13, 2024

ACEN Australia signs 8-year power purchase deal

By Alena Mae S. Flores – March 12, 2024, 8:25 pm from manilastandard.net ACEN Corp. said Tuesday wholly-owned subsidiary ACEN Australia signed a deal for the supply of renewable electricity from Stage 1 of its New England Solar project in […]
March 13, 2024

ACEN’s profit declines 43% after accounting adjustments

By Alena Mae S. Flores – March 12, 2024, 8:10 pm from manilastandard.net ACEN Corp., the listed energy platform of the Ayala Group, on Tuesday reported a net income of P7.4 billion in 2023, down 43 percent from 2022, after […]