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 20, 2021

NGCP transmission tower hit, causes Mindanao power outages

By Myrna M. Velasco – January 19, 2021, 3:47 PM From Manila Bulletin Sporadic power interruptions were experienced in Mindanao on Monday (January 18), following reported sabotage on a transmission facility of the National Grid Corporation of the Philippines (NGCP) […]
January 20, 2021

Meralco sees no impact from lifeline rate extension

By Angelica Y. Yang – January 19, 2021 | 7:52 pm from Business World PHILSTAR MANILA ELECTRIC CO. (Meralco) said Tuesday that the pending extension of the lifeline power rate subsidy will have no effect on the distribution utility, as […]
January 20, 2021

Extended ‘lifeline’ power subsidy for poor passes on 3rd reading in Senate

By Charmaine A. Tadalan – January 18, 2021 | 8:04 pm from Business World A MEASURE extending until 2031, the lifeline power rate subsidy granted to low-income households was approved in the Senate on third and final reading Monday. With […]