April 24, 2021

Gov’t mulls ‘economic sabotage’ raps versus erring power firms

By Myrna M. Velasco – April 23, 2021, 12:15 PM from Manila Bulletin The power generation companies (GenCos) that are experiencing prolonged outages on their generation facilities could face anti-competitive behavior and economic sabotage raps because they have been violating […]
April 23, 2021

SEC Greenlights AC Energy P16.48-B Follow-On Offering

BY VG CABUAG – APRIL 23, 2021 from Business Mirror The Securities and Exchange Commission (SEC) has approved the P16.48-billion follow-on offering of AC Energy Corp., proceeds of which will be used to fund its expansion projects. In its meeting […]
April 23, 2021

DOE assures ‘no brownouts’ during summer months

By Myrna M. Velasco – April 22, 2021, 3:28 PM from Manila Bulletin The Department of Energy (DOE) is giving its guarantee to the Filipino public that they are not going to suffer brownouts or electricity service disruptions within the […]
April 23, 2021

NPC seeks recovery of P7.56-B subsidy for off-grid electrification

By Myrna M. Velasco – April 22, 2021, 12:34 PM from Business Mirror State-run National Power Corporation (NPC) is seeking regulatory approval on the pass-on of P7.562 billion worth of under-recoveries on universal charge for missionary electrification (UCME), or that […]