January 30, 2021

Ayala energy subsidiary raises P5.37 B from stock rights offer

By Myrna M. Velasco – January 30, 2021, 5:30 AM from Manila Bulletin The aggregate 2,267,580, 434 common shares tendered by Ayala-led AC Energy Corporation (ACEN) via its stock rights offering (SRO) had been fully subscribed and had fetched proceeds […]
January 30, 2021

WESM to launch Mindanao spot market by June

By Angelica Y. Yang – January 28, 2021 | 7:44 pm from Business World THE Independent Electricity Market Operator of the Philippines (IEMOP) said Thursday that it hopes to begin commercial operations in Mindanao by late June, while also launching […]
January 29, 2021

Malampaya gas production significantly drops in 2020

By Myrna M. Velasco – January 29, 2021, 5:00 AM from Manila Bulletin The gas output of the Malampaya field was significantly down last year to 107.902 billion standard cubic feet (bscf) from an all-time high of 155.495 bscf in […]
January 29, 2021

Meralco sees lower power rates in February

By Lorenz S. Marasigan – January 29, 2021 from Business Mirror Power lines run beside a sign for the Manila Electric Co. (Meralco) Makati branch in Manila, the Philippines, on Monday, March 23, 2009. Manila Electric Co. is the largest […]