April 25, 2020

PSALM reschedules Malaya power plant auction to June

By Myrna M. Velasco – Updated April 25, 2020, 8:37 AM from Manila Bulletin For yet another round, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is re-scheduling to June 30 this year the sale auction for the 650-megawatt […]
April 18, 2020

First Gen extends buyback period for preferred shares

By Myrna M. Velasco – April 17, 2020, 10:00 PM from Manila Bulletin Lopez-owned First Gen Corporation has extended for two years its buyback program for ₱10 billion worth of issued preferred shares. The same length of buyback extension has […]
April 17, 2020

Malacañang urged to suspend VAT, UCs to cut power rates

By Myrna M. Velasco – April 16, 2020, 10:00 PM from Manila Bulletin To ease the financial pain of the Filipinos during the lockdown period, Malacañang is being urged to suspend the value added tax (VAT) and universal charge (UC) […]
April 15, 2020

DOE directs power firms to submit report on project delays

By Myrna M. Velasco – April 14, 2020, 10:00 PM from Manila Bulletin The Department of Energy (DOE) is requiring power companies to submit a list or formally report on billion-pesos worth of power projects that will likely be delayed […]