November 30, 2024

First Gen borrows P7 billion to boost hydro unit

By Brix Lelis – November 30, 2024 | 12:00am from The Philippine Star First Gen, through its subsidiary First Gen Hydro Power Corp. (FG Hydro), recently signed separate loan agreements with BDO Unibank Inc., Bank of the Philippine Islands (BPI) […]
March 22, 2024

First Gen’s income rises 4% to $277m on LNG business

By Alena Mae S. Flores – March 21, 2024, 7:55 pm from manilastandard.net First Gen Corp. of the Lopez Group on Thursday reported a 4-percent increase in attributable recurring net income to $277 million (P15.4 billion) in 2023 from $265 […]
July 5, 2022

SC strikes down ERC regulation on power mart

By Rey E. Requejo – July 5, 2022, 12:20 am from manilastandard.net The Supreme Court has nullified the order issued by the Energy Regulatory Commission (ERC) that regulated the prices in the Wholesale Electricity Spot Market (WESM) for the supply […]
February 26, 2020

ERC provisionally clears Meralco power deals that had CSP in ’19

By Lenie Lectura -February 26, 2020 from Business Mirror THE Energy Regulatory Commission (ERC) has provisionally approved the Manila Electric Company’s (Meralco) power supply agreements (PSAs) that underwent competitive bidding last year. “The ERC granted provisional authority to implement the […]