Power News

October 28, 2020

Meralco sets P50-B capex for generation, distribution investments

By Myrna M. Velasco – October 28, 2020, 6:00 AM from Manila Bulletin Power utility giant Manila Electric Company (Meralco) will inject P50 billion worth of capital expenditures (capex) for the expansion of its distribution network as well as power […]
October 28, 2020

PSALM issues final demand payment for P671 M to 2 errant firms — DOF

By Chino S. Leyco – October 28, 2020, 6:00 AM from Manila Bulletin The Power Sector Assets and Liabilities Management Corp. (PSALM) has sent out final letters of demand for payment to two companies with long overdue obligations with the government, […]
October 28, 2020

Meralco rates at their lowest level in years

By Alena Mae S. Flores – October 27, 2020 at 07:28 pm from manilastandard.ne Power retailer Manila Electric Co. said Tuesday retail rates in the first nine months marked their lowest level in years. “In fact, at around P8 per […]
October 27, 2020

MVP Group, JP Morgan in talks for 45% SPEx stake

By Lenie Lectura – October 26, 2020 from Business Mirror Malampaya gas field in offshore Palawan. File photo THE group of Manuel V. Pangilinan is in talks with JP Morgan to assist the group in its interest to buy the […]
October 27, 2020

Lockdowns, LNG investment cut Meralco 9-month income

By Lenie Lectura – October 26, 2020 from Business Mirror Power lines run beside a sign for the Manila Electric Co. (Meralco) Makati branch in Manila, the Philippines, on Monday, March 23, 2009. Manila Electric Co. is the largest Philippine […]
October 27, 2020

PXP Energy keen on Shell’s stake in Malampaya project

By Alena Mae S. Flores – October 26, 2020 at 09:05 pm from manilastandard.net PXP Energy Corp., an oil and gas exploration company led by businessman Manuel Pangilinan, plans to bid for the 45-percent stake of Shell Philippines Exploration B.V. […]
October 27, 2020

Legislator asks power regulators to extend no-disconnection policy to end of January

By Kyle Aristophere T. Atienza – October 25, 2020 | 6:34 pm from Business World PHILSTAR A SENIOR PARTY-LIST legislator asked power-industry regulators to implement an installment-payment policy on power bills until Jan. 31, instead of allowing power companies to […]
October 26, 2020

PSALM fails to get interest on negotiated sale of Malaya plant

By Alena Mae S. Flores – October 25, 2020 at 07:55 pm from manilastandard.net The negotiated sale of the 650-megawatt Malaya Thermal Power Plant and land failed to receive any participant during the pre-negotiation process on Friday as investor interest […]
October 26, 2020

Energy dep’t approves formation of new WESM compliance committee

By Adam J. Ang – October 25, 2020 | 6:27 pm from Business World A NEW committee overseeing the electricity spot market will be formed soon to monitor its operations and adjudicate rules breaches, the Department of Energy (DoE) said. […]
October 26, 2020

Energy committee chairman flags P2.5B in unliquidated subsidies to rural utilities

By Adam J. Ang – October 25, 2020 | 6:27 pm from Business World THE National Electrification Administration (NEA) violated its own policy of halting subsidies to rural utilities with a backlog of unliquidated previous funding, the chairman of the […]