April 29, 2020

Viewpoint: Meralco asks DOE to delay bidding for 1,800-MW supply

By Lenie Lectura -April 28, 2020 from Business Mirror THE Manila Electric Company (Meralco) is asking the Department of Energy (DOE) to delay the conduct of a competitive auction for 1,800 megawatts (MW) of power capacity requirement. Meralco President Ray […]
April 28, 2020

LNG investment pulls down Meralco net income in Q1

By BusinessMirror -April 27, 2020 THE Manila Electric Company (Meralco) reported a 54-percent drop in reported net income to P2.61 billion in the first quarter of the year as it recognized an impairment of its liquefied natural gas (LNG) investment […]
April 17, 2020

ERC approves staggered payment of Meralco bills in four months

By Alena Mae S. Flores – April 16, 2020 at 08:40 pm from manilasatandard.net The Energy Regulatory Commission approved a four-month staggered payment of electricity bills to help cushion the impact of the enhanced community quarantine in Luzon on consumers. […]
April 17, 2020

PIPPA rejects force majeure provision in PSAs with DUs and power co-ops

By Lenie Lectura -April 16, 2020 from Business Mirror The Philippine Independent Power Producers Association Inc. (PIPPA) has turned down a proposal for power-generation companies (gencos) to accept a force majeure (FM) provision of their power- supply agreements (PSAs) with […]