July 29, 2021

Malampaya shutdown to hike generation charge–Meralco

BY LENIE LECTURA – JULY 28, 2021 from Business Mirror The Manila Electric Co. (Meralco), the country’s largest electricity distribution utility, is anticipating an increase in power generation charge after the Malampaya gas facility shuts down in October. The company, […]
July 29, 2021

ECs told to pay overdue power bills

BY BIANCA CUARESMA – JULY 28, 2021 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) has issued final warnings to two electric cooperatives (ECs) and a private corporation to compel them to pay over P15.01 billion […]
July 28, 2021

PXP Energy wants to resume petroleum exploration in WPS

BY LENIE LECTURA – JULY 27, 2021 from Business Mirror Pangilinan-led PXP Energy Corp. is prepared to resume oil exploration activities in disputed waters in the West Philippine Sea (WPS) even without a partner. PXP holds a 78.98-percent operating interest […]
July 27, 2021

MORE Power, PSALM forge electricity supply agreement

BY LENIE LECTURA – JULY 26, 2021 from Business Mirror Razon-led MORE Electric and Power Corp. (MORE) has signed a power supply deal with state-owned Power Sector Assets and Liabilities Management Corp. (PSALM). “We have a bilateral contract with PSALM. […]