September 5, 2024

Ombudsman suspends ERC chairman Dimalanta

By Ed Paolo Salting – September 5, 2024 2:31 PM from The Manila Times MANILA, Philippines — The Office of the Ombudsman ordered on Thursday the six-month preventive suspension of Energy Regulatory Commission (ERC) Chairman and CEO Monalisa Dimalanta. The […]
September 5, 2024

Meralco unit acquires P7.5-b SPNEC shares

By Jenniffer B. Austria – September 4, 2024, 7:50 pm from manilastandard.net Meralco PowerGen Corp. (MGen), a subsidiary of Manila Electric Co., acquired P7.5 billion worth of shares in renewable firm SP New Energy Corp. (SPNEC). MGen acquired 5.8 billion […]
September 4, 2024

SMC: Supreme Court junks ERC appeal on power deals

By Lenie Lectura – September 4, 2024 from Business Mirror San Miguel Corp. (SMC) said Tuesday the Supreme Court (SC) denied with finality an appeal filed by the Energy Regulatory Commission (ERC) against the power supply agreements (PSAs) it forged […]
September 3, 2024

Rains fail to dampen power sales of Meralco in August

By Lenie Lectura – September 2, 2024 from Business Mirror The Manila Electric Co. (Meralco) saw its energy sales volume rise by nearly 8 percent year-on-year in August, a company official said over the weekend. Initial figures showed that the […]