Power News

March 4, 2020

MORE Power says Peco defied court gag order with presscon

By Lenie Lectura – March 4, 2020 from Business Mirror MORE Electric and Power Corp. (MORE Power) on Tuesday said Panay Electric Co. (Peco) has defied a gag order after the latter held a news conference. It said Peco, led […]
March 4, 2020

Lawmaker asks PCC to probe IEMOP’s role as sole operator of WESM

By Alena Mae S. Flores – March 03, 2020 at 06:20 pm from manilastandard.net A lawmaker asked the Philippine Competition Commission to investigate the role of Independent Electricity Market Operator of the Philippines as the sole operator of Wholesale Electricity […]
March 4, 2020

Meralco’s Mauban power plant starts to pitch in income

By Alena Mae S. Flores – March 02, 2020 from manilastandard.net San Buenaventura Power Ltd. Co., the first majority-owned, commercially operating power plant of Manila Electric Co. since the company decided to return to the generation business, may contribute around […]
March 3, 2020

DOE to business: Turn on gensets or face penalty

By MYRNA M. VELASCO – Updated March 2, 2020, 11:23 AM from Manila Bulletin As electricity supply in the country’s major power grid is already flat lining, the Department of Energy (DOE) turns to the business sector by threatening them […]
March 3, 2020

Cusi keen on completing PH nuclear policy

By Myrna M. Velasco – March 2, 2020, 10:00 PM from Manila Bulletin Even on a backdrop of a threatening power crisis, Energy Secretary Alfonso G. Cusi indicated that one of the energy policy agendas he is keen on completing […]
March 3, 2020

SC denies favoring firm in Iloilo power distribution tussle

By Joel R. San Juan – March 3, 2020 from Business Mirror The Supreme Court on Monday denied insinuations that it is being biased against Panay Electric Co. (PECO)’s legal battle with More Electric and Power Corp. (MORE) over the […]
March 3, 2020

SPPC: Deficiency claim absent in PSALM billing

By Lenie Lectura – March 3, 2020 from Business Mirror The South Premiere Power Corp. (SPPC) on Monday said the monthly billing statements sent by the Power Sector Assets and Liabilities Management Corp. (PSALM) neither included nor substantiated the state […]
March 3, 2020

Semirara’s profit declined by 20% to P9.6 billion in 2019

By Alena Mae S. Flores – March 02, 2020 at 09:05 pm from manilastandard.net Semirara Mining and Power Corp. said Monday consolidated total comprehensive income declined 20 percent to P9.6 billion in 2019 from P12.1 billion in 2018. SMPC disclosed […]
March 2, 2020

SBPL expected to bring in over P1B to Meralco in 2020

By Lenie Lectura -March 2, 2020 from Business Mirror SAN Buenaventura Power Ltd. Co. (SBPL), a joint venture between the affiliates of Meralco PowerGen Corp. (MGen) and Thailand’s EGCO Group, is expected to contribute over a billion pesos to Meralco […]
March 2, 2020

Razon-led MORE takes over PECO assets; solon seeks Duterte mediation

By Lenie Lectura -March 2, 2020 from Business Mirror RAZON-LED More Electric and Power Corp. (MORE) finally took over the distribution assets of Panay Electric Co. (PECO). MORE Power President and Chief Executive Roel Z. Castro said the Iloilo City […]