March 22, 2019

First Gen’s recurring net income up 51% to US$243 M in 2018

By Myrna M. Velasco – March 21, 2019, 10:00 PM from Manila Bulletin With brisk sales from its gas-fired power assets, First Gen Corporation logged record-high increase of 51 percent on its recurring net income (RNI) to US$243 million last […]
March 15, 2019

ERC allows SPTC’s PSA with Meralco

By BusinessMirror – March 15, 2019 THE Energy Regulatory Commission (ERC) has issued an order allowing Solar Philippines Tarlac Corp. (SPTC) to implement a provision in its power supply agreement (PSA) with the Manila Electric Co. (Meralco) that calls for […]
March 13, 2019

Meralco unit mulls moves for Atimonan coal power plant

Danessa Rivera – March 12, 2019 – 12:00am from The Philippine Star MANILA, Philippines — The power generating arm of Manila Electric Co. (Meralco) will decide in the “next few months” whether it would proceed to build its 2×600-megawatt (MW) […]
January 23, 2019

ERC to resolve 640 PSA applications by mid-2020

By Lenie Lectura – January 23, 2019 from Business Mirror THE Energy Regulatory Commission (ERC) is doubling efforts to resolve over 600 pending applications for power supply agreements (PSA). ERC Chairman Agnes Devanadera said the agency is targeting to resolve over […]