September 24, 2020

Loan payments from electric coops declined in H1—NEA

By Lenie Lectura – September 24, 2020 from Business Mirror The country’s electric cooperatives (ECs) posted a total of P773.91 million in loan payments for the first six months of the year, the National Electrification Administration (NEA) said on Wednesday. […]
September 22, 2020

Meralco settles fine, appeals discounts for lifeline users

By Lenie Lectura – September 21, 2020 from Business Mirror The Manila Electric Co. (Meralco) paid the P19-million penalty slapped by the Energy Regulatory Commission (ERC) for violating the billing advisories imposed on distribution utilities (DUs) during community quarantine from […]
September 17, 2020

PSALM selling Pampanga property to pare down

By Lenie Lectura – September 16, 2020 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) is selling its property in Pampanga for P803 million to raise funds so it could repay its debts. In a bid […]
September 15, 2020

COA rejects ERC request to audit Meralco

By Lenie Lectura – September 14, 2020 from Business Mirror THE Commission on Audit (COA) has informed the Energy Regulatory Commission (ERC) that it will not audit the Manila Electric Co. (Meralco). “We wrote them but their response was in […]