February 11, 2022

ACEN hikes stake in subsidiary with P3.39-B asset transfer

By Myrna M. Velasco – February 10, 2022, 4:12 PM from Manila Bulletin Ayala-led ACEN Corporation will be increasing its stake by more than 13 percent in subsidiary ACE Enexor Inc. (ACEX) with the transfer of at least five assets […]
February 9, 2022

FGen ‘cover cost’ cuts Meralco rates in Feb.

By Myrna M. Velasco – February 8, 2022, 2:55 PM from Manila Bulletin The earlier-anticipated hike in the electricity rate of Manila Electric Company (Meralco) was overturned, resulting in overall reduction of P0.1185 per kilowatt hour (kWh) in the February […]
February 8, 2022

ERC says adherence to plant outages cap ‘non-negotiable’

By Myrna M. Velasco – February 7, 2022, 4:49 PM from Manila Bulletin With alarm bells raised on highly probable rotational blackouts during the summer months, the country’s generation companies (GenCos) are being warned that breach of regulatory policy on […]
February 8, 2022

Repair of First Gen’s Avion plant partially completed

By Myrna M. Velasco – February 7, 2022, 5:46 PM from Manila Bulletin The repair of one of the generating units of the 97-megawatt Avion gas-fired power plant of First Gen Corporation had already been partially completed, the Lopez-owned firm […]