June 19, 2018

First Gen embarks onP10-B buy-back program for preferred shares

By Myrna M. Velasco – June 18, 2018, 10:00 PM from Manila Bulletin As part of its financial de-leveraging strategy, First Gen Corporation is embarking on a two-year share buy-back program that will cover up to P10 billion of the […]
June 19, 2018

Cusi seeks audit of P75-B energy subsidy fund

By Myrna M. Velasco – June 18, 2018, 10:00 PM from Manila Bulletin Energy Secretary Alfonso G. Cusi is proposing an audit of the P74.883 billion worth of collections on universal charge for missionary electrification (UCME), as he noted that […]
June 18, 2018

4 ERC Commissioners slapped with another 3-mo suspension

By Myrna M. Velasco – June 17, 2018, 10:00 PM from Manila Bulletin The four top-level officials of the Energy Regulatory Commission (ERC) have been slapped with another round of three-month suspension by the Office of the Ombudsman for “simple […]
June 18, 2018

PNOC-EC to extract add’l gas from Malampaya field

By Myrna M. Velasco – June 17, 2018, 10:00 PM from Manila Bulletin State-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) is expected to be given a mandate to extract additional 100 billion cubic feet (bcf) of natural gas from the […]