April 18, 2023

PSALM cuts debt by ₧18.39B in Q1

BY LENIE LECTURA – APRIL 18, 2023 from Business Mirror The Power Sector Assets and Liabilities Management Corp. (PSALM) trimmed its debts by P18.39 billion to P328.37 billion in the first quarter. At end-March, the state firm’s principal debt stood […]
April 18, 2023

ERC, IEMOP discuss pass-on scheme on deferred P22.64-B charges

BY MYRNA M. VELASCO – Apr 17, 2023 04:35 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has been discussing with the Independent Electricity Market Operator of the Philippines (IEMOP) the proposed measures for the pass-on of P22.64 billion […]
April 17, 2023

Meralco unit to invest in LNG

BY LENIE LECTURA – APRIL 17, 2023 from Business Mirror Atimonan One Energy (A1E), a wholly-owned subsidiary of Manila Electric Co.’s (Meralco) power generation arm Meralco PowerGen Corp. (MGen), is now shifting to liquefied natural gas (LNG). The Meralco unit […]
April 17, 2023

Meralco, South Premiere ink 180-MW power supply deal

BY LENIE LECTURA – APRIL 17, 2023 from Business Mirror The Manila Electric Co. (Meralco) and South Premiere Power Corp. (SPPC) have entered into another emergency power supply agreement (EPSA) covering 180 megawatts (MW) of baseload capacity. “We already executed […]