September 29, 2021

ERC orders 2 electric coops to stop collecting ‘reinvestment fund’ charges

By Myrna M. Velasco – September 28, 2021, 5:22 PM from Manila Bulletin The Energy Regulatory Commission (ERC) has ordered two electric cooperatives (ECs) to stop passing on to their customers the charges on “reinvestment fund for sustainable capital expenditures” […]
September 29, 2021

Dennis Uy firm has ‘negative working capital’ for Malampaya field

By Myrna M. Velasco – September 28, 2021, 4:15 PM from Manila Bulletin UC Malampaya Philippines Ptd. Ltd. (UC MPPL), a company of Davao businessman Dennis Uy that bought the 45-percent shareholdings of American energy giant Chevron Corporation in the gas field […]
September 28, 2021

Electric coops told to stop RFSC collection

BY LENIE LECTURA – SEPTEMBER 27, 2021 from Business Mirror Two electric cooperatives (ECs) were ordered by the Energy Regulatory Commission (ERC) to immediately stop collecting additional Reinvestment Fund for Sustainable Capital Expenditures (RFSC) from their consumers. The RFSC is […]
September 28, 2021

Aboitiz Power sells 25% to Japan’s JERA for $1.46 B

By James A. Loyola – September 27, 2021, 3:55 PM from Manila Bulletin Aboitiz Equity Ventures (AEV) is selling a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower) to JERA Co. Inc., Japan’s largest power producer, for $1.146 billion in […]