Power News

November 16, 2022

NGCP acts after Deloitte staff tagged hackers’ mastermind

BY LENIE LECTURA – NOVEMBER 16, 2022 from Business Mirror THE National Grid Corporation of the Philippines (NGCP) announced it immediately conducted a sweep scan of its network after a Deloitte-India employee was reportedly tagged as the mastermind of a […]
November 16, 2022

NGCP works on Caticlan-Boracay line

BY LENIE LECTURA – NOVEMBER 16, 2022 from Business Mirror THE National Grid Corporation of the Philippines (NGCP) has started work on the development of the Nabas-Caticlan-Boracay 138 kilovolt (kV) line, which will cater to the growing demand for Boracay […]
November 16, 2022

PERC net income jumps 24%

BY LENIE LECTURA – NOVEMBER 16, 2022 from Business Mirror YUCHENGCO-led PetroEnergy Resources Corp. (PERC) reported a 24-percent jump in its net income to P677 million at end-September this year from P544 million in the same period a year ago […]
November 16, 2022

Meralco backs hoteliers’ recovery

BY LENIE LECTURA – NOVEMBER 16, 2022 from Business Mirror THE Manila Electric Co. (Meralco) is reaffirming its commitment to fully support the recovery of local hotel operators as they bounce back from the impact of the Covid-19 pandemic. Meralco, […]
November 15, 2022

Citing costs, MPower warns vs. disconnections

BY LENIE LECTURA – NOVEMBER 15, 2022 from Business Mirror MPower, the retail electricity supply arm of Pangilinan-led Manila Electric Co. (Meralco), continues to find ways to supply the requirements of its customers amid spiraling costs in fuel, coal and […]
November 15, 2022

First Gen reports 8% profit drop

BY LENIE LECTURA – NOVEMBER 15, 2022 from Business Mirror LOPEZ-led First Gen Corp. (FGen) reported a reduction of eight percent in recurring net income at end-September this year despite a 24-percent jump in revenues. FGen reported last Monday a […]
November 14, 2022

Senate approves P1.3-b budget for ERC in 2023

By Alena Mae S. Flores – November 13, 2022, 6:15 pm from manilastandard.net The Senate approved the P1.127-billion budget of the Energy Regulatory Commission for 2023, underscoring the need to equip the regulator with resources to complete its priority projects […]
November 14, 2022

Power users ask ERC to avert disconnection

By Alena Mae S. Flores November 11, 2022, 8:40 pm from manilastandard.net Fifteen large power users asked the Energy Regulatory Commission to issue temporary restraining orders and cease and desist orders preventing retail electricity suppliers from disconnecting their supply. They […]
November 14, 2022

PNOC’s oil stockpiling plan ditched

By Myrna M. Velasco – November 13, 2022, 8:00 PM from Manila Bulletin The plan of state-run Philippine National Oil Company (PNOC) to establish the country’s strategic petroleum reserve (SPR) or oil stockpiling has been ditched after the Senate junked […]
November 12, 2022

DOE seeks one-stop shop processing for wind projects

By Myrna M. Velasco – November 11, 2022, 4:15 PM from Manila Bulletin The Department of Energy (DOE) is pushing for the issuance of an Executive Order (EO) to create a one-stop shop permitting process for offshore wind power projects […]