May 18, 2024

Aboitiz hikes STEAG coal plant stake to 85%

By Alena Mae S. Flores – May 17, 2024, 8:35 pm from manilastandard.net Aboitiz Power Corp. said Friday it completed the acquisition of an additional 15.6-percent equity stake in STEAG State Power Inc. (SPI) valued at $11 million, bringing its […]
May 18, 2024

Alsons’ net income slipped 13% to P479m in Q1 on plant outage

By Alena Mae S. Flores – May 17, 2024, 7:40 pm from manilastandard.net Alsons Consolidated Resources (ACR), a publicly listed company of the Alcantara Group, said Friday it posted a net income of P479 million in the first quarter of […]
May 18, 2024

Ancillary rates seen increasing P0.10 per kWh

By Alena Mae S. Flores – May 16, 2024, 8:00 pm from manilastandard.net Grid operator National Grid Corp. of the Philippines expects an average increase of more than P0.10 per kilowatt-hour (kWh) in the ancillary charges of consumers in the […]
May 16, 2024

PetroEnergy registered 7% income growth to P186m in three months

By Alena Mae S. Flores – May 15, 2024, 7:20 pm from manilastandard.net PetroEnergy Resources Corp. (PERC) of the Yuchengco Group said Wednesday consolidated net income attributable to equity holders of the parent company climbed 7 percent in the first […]