August 27, 2024
Published by admin at August 27, 2024
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ERC clarifies ‘longstop date’ in PSAs

By Lenie Lectura – August 27, 2024 from Business Mirror The Energy Regulatory Commission (ERC) has cautioned power generation companies against seeking for a termination of their power supply agreement (PSA) earlier than the prescribed period stated under relevant laws […]
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August 26, 2024
Published by admin at August 26, 2024
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ERC rules: ‘Longstop date’ is no longer valid as ground for PSA termination

BY Myrna M. Velasco – Aug 24, 2024 11:45 AM from Manila Bulletin At a glance The ERC stated that the acceptable grounds for PSA termination shall only be anchored on conditions such as: bankruptcy or insolvency of the GenCo; […]
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August 21, 2024
Published by admin at August 21, 2024
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Meralco to hold auction for 1,000-MW baseload supply

By Lenie Lectura – August 21, 2024 from Business Mirror The Manila Electric Co. (Meralco) said Tuesday it will resume the competitive selection process (CSP) for its 1,000-megawatt (MW) supply requirement. In a bid bulletin for the CSP of 600 […]
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July 24, 2024
Published by admin at July 24, 2024
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Aboitiz power unit income declines by 4% in January-June

By Lenie Lectura – July 24, 2024 from Business Mirror Aboitiz Power Corp. recorded a net income of P17.1 billion in the first half, 4 percent lower than the P17.8 billion posted in the same period last year. The power […]
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