March 12, 2020

NEA extends P51.6-million calamity loans to 6 co-ops hit by ‘Tisoy’

By Lenie Lectura – March 12, 2020 from Business Mirror THE National Electrification Administration (NEA) released in February this year an additional P51.596 million in calamity loans to six electric cooperatives (ECs) operating in Mimaropa, Bicol and Eastern Visayas regions. Latest data […]
March 11, 2020

EPIRA bars D.O.E., TransCo from auditing us–NGCP

By Lenie Lectura -March 11, 2020 from Business Mirror THE National Grid Corp. of the Philippines (NGCP) said Tuesday that it would not agree to the proposed comprehensive system operations audit to be conducted by the Department of Energy (DOE) […]
March 11, 2020

SMC offers to pay PSALM P23-billion capacity fees, in advance

By Lenie Lectura -March 11, 2020 from Business Mirror SAN Miguel Corp. (SMC) chief Ramon S. Ang on Tuesday offered to pay the government in advance a whopping P22.68 billion worth of capacity fees to the Power Sector Assets and Liabilities […]
March 11, 2020

PSALM cuts 2019 debts by P15.2 billion, collects P98.4 billion

By Bernadette D. Nicolas -March 11, 2020 from Business Mirror THE Power Sector Assets and Liabilities Management Corp. (PSALM) slashed its debts by 6.05 percent to P27.18 billion in 2019, bringing the outstanding principal financial obligations to P422.011 billion last […]