October 5, 2022

DOE approves Razon’s acquisition of Malampaya operating stake

By Myrna M. Velasco – October 3, 2022, 2:48 PM from Manila Bulletin The Department of Energy (DOE) has approved the acquisition of the 45 percent operating equity in the Malampaya gas project by Razon-led Prime Exploration Pte. Ltd. for […]
October 4, 2022

ERC denies SMC-Meralco rate hike application

By Myrna M. Velasco – October 3, 2022, 9:23 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has denied the P0.30 per kilowatt hour (kWh) rate hike that had been jointly applied for by the Manila Electric Company (Meralco) […]
October 1, 2022

NEA offers Mindoro electric coop emergency loan

By Myrna M. Velasco – September 30, 2022, 3:09 PM from Manila Bulletin Government-run National Electrification Administration (NEA) is offering at least P50-million emergency loan to Occidental Mindoro Electric Cooperative Inc. (OMECO) so it can avert blackouts that could torment […]
October 1, 2022

DOJ sustains 40% foreign RE ownership rule

By Myrna M. Velasco – September 30, 2022, 2:24 PM from Manila Bulletin DOJ sustains 40% foreign RE ownership rule A legal opinion rendered by the Department of Justice (DOJ) has sustained the 40-percent ownership restriction being enforced on foreign […]