Power News

May 26, 2020

ERC warns DUs on non-compliance on ‘payment installment’

By Myrna M. Velasco – May 25, 2020, 10:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has sternly warned the distribution utilities that if they will violate regulatory mandates – primarily on the enforcement of payment installments for […]
May 25, 2020

Power firms seek gov’t financial aid

By Myrna M. Velasco – May 24, 2020, 10:00 PM from Manila Bulletin The country’s power generation companies (GenCos) and distribution utilities (DUs) are seeking financial assistance from the government so they can prevent collapse of operations or bankruptcies as […]
May 25, 2020

Competitive power rates for manufacturers eyed

By Myrna M. Velasco – May 24, 2020, 10:00 PM from Manila Bulletin The Department of Energy (DOE) will carry out collaborative discussion and planning with the Department of Trade and Industry (DTI) to sort out forward plans on how […]
May 25, 2020

More Power upgrades Iloilo network

By Alena Mae S. Flores – May 24, 2020 at 09:20 pm from manilastandard.net More Electric and Power Corp. of tycoon Enrique Razon Jr. has rehabilitated 51 distribution transformers, replaced 51 broken electric poles and fixed 97 hotspot connectors over […]
May 24, 2020

Extended payments to ruin power firms

By Alena Mae S. Flores – May 22, 2020 at 09:10 pm from manilastandard.net The country’s power generators warned Friday that extended payment flexibilities will take a toll on their operations, force them to stop new investments or close shop […]
May 23, 2020

ERC orders 6-month bill payments

By Alena Mae S. Flores – May 22, 2020 at 10:00 pm from manilastandard.net The Energy Regulatory Commission ordered distribution utilities to stagger the payments of electricity consumers to up to six equal monthly installments, depending on the level of […]
May 23, 2020

Cusi corrects self on Malampaya stake acquisition

By Jordeene B. Lagare – May 22, 2020 from The Manila Times ENERGY Secretary Alfonso Cusi corrected on Thursday his earlier statement regarding PNOC Exploration Corp.’s (PNOC-EC) plan to invest in the Malampaya gas project in Palawan province. “I wish […]
May 23, 2020

PXP Energy incurs P40.4-M loss in Q1

By Jordeene B. Lagare – May 22, 2020 from The Manila Times PXP Energy Corp. recorded a consolidated net loss of P40.4 million in the first quarter of 2020, compared with the consolidated net income of P7 million recorded in […]
May 23, 2020

Japan govt gives boost to MPIC biogas project

By Jordeene B. Lagare – May 23, 2020 from The Manila Times THE biogas project of Metro Pacific Investments Corp. (MPIC) with Dole Philippines Inc. has received a subsidy from the Japanese government, the first in the country to secure […]
May 22, 2020

Psalm to borrow P43 billion to pay maturing obligations

By Lenie Lectura – May 22, 2020 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (Psalm) intends to secure a P43-billion loan from the Development Bank of the Philippines (DBP) to pay for its maturing obligations this […]