March 24, 2019

ERC to mandate ‘fixed bid price’ on power supply contracting of DUs

By Myrna M. Velasco – March 23, 2019, 10:00 PM from Manila Bulletin The Energy Regulatory Commission (ERC) is targeting to mandate “fixed bid price” in the tendering process that distribution utilities (DUs) will be carrying out on their supply […]
March 22, 2019

DOE modifying rules on certification of duty-free importation of RE equipment

By Myrna M. Velasco – March 21, 2019, 10:00 PM from Manila Bulletin The Department of Energy (DOE) will be re-casting the set of rules on its issuance of certificates for duty-free importation of equipment, machinery and spare parts that […]
March 22, 2019

First Gen’s recurring net income up 51% to US$243 M in 2018

By Myrna M. Velasco – March 21, 2019, 10:00 PM from Manila Bulletin With brisk sales from its gas-fired power assets, First Gen Corporation logged record-high increase of 51 percent on its recurring net income (RNI) to US$243 million last […]
March 21, 2019

Meralco still batting for P49-B capex approval

By Myrna M. Velasco – March 20, 2019, 10:00 PM from Manila Bulletin With its rolling capital expenditures (capex) just securing partial regulatory approval for P24.2 billion, power utility giant Manila Electric Company (Meralco) said it will continually hope for […]