March 11, 2020

PSALM cuts 2019 debts by P15.2 billion, collects P98.4 billion

By Bernadette D. Nicolas -March 11, 2020 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (PSALM) slashed its debts by 6.05 percent to P27.18 billion in 2019, bringing the outstanding principal financial obligations to P422.011 billion last […]
March 10, 2020

ELECTRICITY IN ILOILO STABLE PAST 9 DAYS—MORE POWER; P.E.C.O. APPEALS TO E.R.C.

By BusinessMirror – March 10, 2020 SUPPLY of electricity in Iloilo City has been notably stable and reliable for the past nine days since More Electric and Power Corp. (MORE Power) took over certain distribution assets of Panay Electric Co. […]
March 10, 2020

Meralco’s revised power deal TOR out this week

By Lenie Lectura -March 10, 2020 from Business Mirror The Manila Electric Co. (Meralco) is likely to release this week the revised terms of reference (TOR) for the competitive bidding of a 1,200-megawatt (MW) power supply contract. “I hope we […]
March 9, 2020

ERC resolves MORE-Peco impasse to ensure no Iloilo power disruption

By Lenie Lectura – March 9, 2020 from Business Mirror THE Energy Regulatory Commission (ERC) has resolved the impasse between More Electric and Power Corp. and Panay Electric Co. (Peco) after it revoked the latter’s temporary certificate of public convenience […]