Power News

March 17, 2020

Ayala energy firm’s 2019 net earnings soar to ₱25 billion

By Myrna M. Velasco – March 16, 2020 from Manila Bulletin The net earnings of the energy investment arm of the Ayala group had soared to ₱25 billion last year, springing a long way up from ₱4.1 billion in 2018. […]
March 16, 2020

ERC cancels hearings amid outbreak

By Jordeene B. Lagare – March 16, 2020 from The Manila Times THE Energy Regulatory Commission (ERC) is suspending all scheduled hearings and conferences starting today (Monday) after the government placed Metro Manila under “community quarantine” to contain the spread […]
March 16, 2020

NEA collected nearly P2.3B in 2019, exceeded target

By Jordeene B. Lagare – March 15, 2020 from The Manila Times THE National Electrification Administration (NEA) has surpassed its 2019 collection target after receiving loan amortization payments of almost P2.3 billion from electric cooperatives (ECs). In a statement on […]
March 16, 2020

PSALM cuts debts, receivables

By Chino S. Leyco – March 14, 2020, 10:00 PM from Manila Bulletin The Power Sector Assets and Liabilities Management Corp. (PSALM) was able to cut its financial obligations last year and at the same time collected revenues and its […]
March 16, 2020

NGCP sets remedies to project snags

By Myrna M. Velasco – March 14, 2020, 10:00 PM from Manila Bulletin Concessionaire firm National Grid Corporation of the Philippines (NGCP) has enforced suite of measures so it could thwart any prodigious impact that the snowballing coronavirus disease 2019 […]
March 14, 2020

PSALM posts ₱98.37-B revenues in 2019

By Myrna M. Velasco – March 13, 2020, 10:00 PM from Manila Bulletin By fervidly chasing the unpaid obligations and delinquent accounts of customers, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) reported that it was able to log […]
March 14, 2020

No CPCN yet for MORE on takeover of Iloilo power utility

By Myrna M. Velasco – March 13, 2020, 10:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has clarified that Razon-led MORE Electric and Power Corporation has not been officially granted yet with certificate of public convenience and necessity […]
March 13, 2020

DOE eyeing fluctuations in electricity demand

By Myrna M. Velasco – March 12, 2020 from Manila Bulletin As most people are confined at their homes following the spread of coronavirus in Metro Manila, there is a manifesting shift in power consumption especially with the use of […]
March 13, 2020

ERC on MORE-Peco: We respect court process, but keep sole jurisdiction on DUs

By Lenie Lectura – March 13, 2020 from Business Mirror THE Energy Regulatory Commission (ERC) on Thursday said it respects pending court cases between More Electric and Power Corp. (MORE Power) and Panay Electric Co. (Peco), but maintained that it […]
March 13, 2020

NGCP assesses Covid-19 impact on projects, operations

By Lenie Lectura – March 13, 2020 from Business Mirror THE National Grid Corporation of the Philippines (NGCP) is currently assessing the impact of Covid-19 on the implementation of its projects across the country. In fact, the grid operator said […]