January 21, 2021

ERC taps consultant for RFSC audit

By Lorenz S. Marasigan – January 21, 2021 from Business Mirror The Energy Regulatory Commission (ERC) said on Wednesday it is auditing the Electric Cooperatives’ (ECs) collection and utilization of the Reinvestment Fund for Sustainable Capital Expenditures (RFSC). Agnes Devanadera, […]
January 21, 2021

PSALM cuts debts by P40 billion, improves collection efficiency

By Lorenz S. Marasigan – January 21, 2021 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) said on Tuesday it was able to reduce its obligations last year, while cutting interest rates and improving collections. In […]
January 19, 2021

Meralco to relax disconnection rule, but Hontiveros wants ‘surcharges’ reviewed

By Butch Fernandez – January 19, 2021 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 […]
January 14, 2021

AboitizPower unit secures financing from BDO, BPI

By VG Cabuag – January 13, 2021 from Business Mirror Aboitiz Power Corp. on Tuesday said its unit, SN Aboitiz Power-Benguet Inc., has obtained P18 billion in financing from two of the country’s largest banks. In its disclosure, the company […]